Chapter 11 - Learning Activity Questions - CA State

help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working

Learning Task 5-8.8 Stem Options: Choose the best answer. (Use the table on page 28 for your ref- erence). 1. How much is the tax due on a taxable income of P250,000? а. О b. 1,250 с. 50,000 d. 30,000 2. How much is the tax due on a taxable income of P890,000? а. 127,000 b. 157,000 с. 175,000 d. 181,000 3. Mrs. Cruz, married with one qualified dependent, earns compensation incom of P530,00 during a taxable year. How much is the tax due of Mrs. Cruz? а. 25,600 b. 26,500 с. 56,200 d. 62,500 4. Ms. Rye earns a compensation income of P14,860,000 during 20x1. How much is the tax due of Ms. Rye? d. 4,811,000 e. 5,611,000 f. 3,914,000 g. 6,111,000 5. The pay slip of Mr. Zoe shows the following information: Basic salary 472,000 SSS contribution 6,976 Philhealth contribution 5,250 Pag-IBIG contribution 1,200 How much is the tax due of Mr. Zoe?

Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability (in $) for the taxpayer. Name Filing Status Taxable Income Tax Liability Rua head of household $195,200

Aaron income credit, child independent credit lesson 7.2, 7.3 Clarisa unmarried tax with two dependent children, ages 10 and 12. I read Clara pays $3000 and qualified childcare expenses during the year if her adjusted gross income from wages for the year is 21,400 and she takes it standard deduction, calculate Clara earn income created in child dependent care credit for 2023 income is out liability credit in order tax liability dependent care credit earn income credit

Question content area top Part 1 Determine how much the following individual will save in taxes with the specified tax credits or deductions.   Rosa is in the 28% tax bracket and claims the standard deduction. How much will her tax bill be reduced if she makes a $500 contribution to​ charity?

Concept Review 3.2- Ann and Carl Wilton (Personal Finance, 13th ed., Kapoor, Dlabay) Please turn to page 151 of the text and complete Financial Problem 6 Ann and Carl Wilton   In addition to answering the question (do they get a refund or owe taxes?) also indicate the tax owed or the refund they would receive. Adjusted gross income: $42,686 Standard deduction: $24,000 Child care tax credit: $100 Federal income tax withheld: $1,490 Tax rate on taxable income: 10%

Which of the following Excel functions can you apply to determine a deduction amount using the following tax table for various tax brackets? Students' Income. Tax $10/day or less 0% $15/day - $9.99/day 10% $30/day - 14.99/day 15% CO Vlookup O Or() O Sum() O Sumif)

Typed plz And Asap

8

Need help

Activity 5Answer the following questions below using the graduated tax table. Write your answer on the space provided after every questions.a. How much is the tax due on a taxable income of P150,000?Answer:b. How much is the tax due on a taxable income of P290,000?Answer:c. Ms. Carol earns compensation income of P3,230,000 during a taxable year. How much is the tax due of Ms. Carol? Answer:d. Mrs. Emily married earns compensation income of P460,000 during 2019. How much 1s the tax due of Mrs. Emily? Answer: Week 5 ACTIVITIES 5 29 Fundamentals of Accountancy, Business and Management 2e. The payslip of Mr. Budoy shows the following information:Basic salary P348,000SSS contribution 6,976PhilHealth contribution 4,500Pag-IBIG contribution 1,210How much is the tax due to Mr. Budoy?Answer:

Activity 3 Use the following information for the next two questions. Write your answer on a separate sheet of paper. Mr Danny earns the following business income in a taxable year. Sales P 3,900,000 Sales returns and discounts 100,000 Inventory, beg. 30,000 Purchases 1,800,000 Operating expenses (itemized deductions) 780,000 Inventory, end.  80,000 1. How much is the tax due if Mr Danny chose the option to use the itemized deductions? _____________ 2. How much is the tax due if Mr Danny chose the option to use the optional standard deduction? _____________ Assessment 3 Use the following information

EXERCISE 8-2. CLASSIFICATION OF INCOME. REQUIREMENTS: I Classify the following income into (A) Self-Employment B) Passive subject to final withholding tax (C) Compensation, IL On the following income, write (Y) if the taxpayer can avail of the 8% income tax rate, and (N) if the taxpayer cannot avail of the 8% income tax rate 1. Rent income of apartment 2 Gain on sale of a commercial building 3 Gain on sale of residential house 4. Income as street vendor 5 Income of a junk shop owner 6. Interest on peso deposit with Bank of the Philippine Islands 7. Royalty as book author

Select the correct order of the line items listed below based on the sequence of their appearance on Form US 1040. Number the items from the lowest number (1) going to the first item to appear on the return and the last number going to the final item from the list to appear on the return. Question 5 options: Wages Taxes withheld and quarterly tax payments Non-refundable tax credit Student Loan Interest Deduction Standard Deduction Interest Income Refund or Taxes Due Computed income tax before non-refundable tax credits Taxable Income Adjusted Gross Income (AGI)

Direction: compute the gross taxable income (please do letter d and e)

Basic Scenario 8: Zoe Watson Directions Using the tax software, complete the tax return, including Form 1040 and all appropriate forms, schedules, or worksheets. Answer the questions following the scenario. When entering Social Security numbers (SSNs) or Employer Identification Numbers (EINS), replace the Xs as directed, or with any four digits of your choice. Interview Notes Zoe is single and 47 years old. • Zoe has two children. Yvonne, age 19, has a job and earned wages of $5,200. Joshua, age 26 is totally and permanently disabled and received Social Security benefits of $4,500. Both children lived with her all year. Zoe paid all the cost of keeping up the home and more than half the support for her children. • Zoe received disability pension benefits, but she has not reached the minimum retirement age of her employer's plan. • She does not have enough expenses to itemize for the 2023 tax year. Zoe, Yvonne, and Joshua are U .S. citizens and have valid Social Security numbers. They…

Select the best answer. A cash-basis taxpayer deposited $10,000 in a savings account on October 15, 2021. Her account was credited for $10 of interest in 2021 and $100 of interest in 2022. She withdrew the entire $10,110 on December 31, 2022. How much of this interest is taxable in 2022? O question Q 6 A. $0 B. $10 C. $100 D. $110 Submit Answers 93% Complete Exit & Resum

Schedule Z-If your filing status is Head of household If your taxable income is: The tax is: of the But not amount over- Over- over- $0 $13,850 10% $0 13,850 52,850 $1,385.00 + 12% 13,850 52,850 84,200 6,065.00 + 22% 52,850 84,200 160,700 12,962.00 + 24% 84,200 160,700 204,100 31,322.00 + 32% 160,700 204,100 510,300 45,210.00 + 35% 204,100 510,300 152,380.00 + 37% 510,300 Write the equation of the 5th row in y=mx+b form

Question 4 Use the following Total Tax / Annual Income relationship to determine which of the following is Beverly's total tax for last year if her income last was $164,000.  What total income tax did Beverly pay in income tax.    $52,480.00 $33,495.50 $32,800.00