Based on the federal tax chart what are the taxes owed in the following situation Taxable income $45,000
Q: Income/day Freq. 518 18 805 700 10 550 34 630 20 780 8.
A: To find: 1.Average Income 2. Median 3. Range
Q: Calculate the amount of corporate income tax due and the net income after taxes (in $) for the…
A:
Q: Determine the effect on the balance sheet after the following transaction. You sell a product…
A: You sell a product purchased for $750 for $1,500.00 We know, Owner's Equity = Investment -…
Q: Calculate the assessed value (in $) and the property tax due (in $) on the property. Fair Market…
A: ANSWER IS AS FOLLOWS:
Q: Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability (in $) for the taxpayer. Name…
A: Filling status is single and the taxable income is $67,200. Now the total amount over $38,700 is,…
Q: what are the total expenses after a year (52 weeks) for the person that works in the office…
A: In order to solve this question we need to find the total working hours in a year and then we can…
Q: Help Rico determine what his deduction amount is. Rico is entitled to a $6,250 standard deduction…
A: Given: Rico's standard deduction amount=$6250 Further, Rico's tax deductible expenses are: Tax…
Q: Using the unpaid balance method, find the current month's finance charge on a credit card account…
A:
Q: Find the gross income, the adjusted gross income, and the taxable income. A single man earned wages…
A: Adjusted gross income = Gross income – Adjustments Taxable income = Adjusted gross income –…
Q: A man earned wages of $42,000, received $2600 in interest from a savings account, and contributed…
A: Given: Wage = 42000 Interest = 2600 Adjustments = 2800 Personal exemption = 3100 Deduction = 5220
Q: Commissions That Computer Heaven are paid on the following scale: 8% on the first $7,000 in net…
A:
Q: You borrowed money and need to pay interest on the loan. You must pay 5% of the $6700 loan to remain…
A:
Q: Calculate the assessed value (in $) and the property tax due (in $) on the property. Fair Market…
A:
Q: When used for a loan, A is the total amount to be repaid to the lender; this sum is called the value…
A:
Q: Vhat are the social security and Medicare taxes due on gross earnings of $42,600 per ear for a…
A: Given, the gross earnings for a self-employed person per year =$42,600
Q: You are responsible for an automobile accident. Use the information below to determine: 1. the total…
A: A 50/100/50 insurance means that the insurer is liable to give up to $50,000 for body injury per…
Q: Payment Range Number of Раyments 0- 7500 7500 - 17,500 99 42
A: 0-7500 99 7500-17500 42 17500-32500 29 32500-67500 28 67500-125000 17 125000-300000 9…
Q: February 1. Answer the following questions: Stefan works at a local grocery store. He works three…
A:
Q: Calculate the finance charge for a credit card that has a given average daily balance and…
A: We have to find the finance charge for a credit card which have the following average daily balance…
Q: cost after an added 6% sales tax? (S
A:
Q: A Chief Executive Officer of an investment firm receives a gross salary of $775,000 per annum. a.…
A: topic - periodic payment for different periods
Q: the
A: We wil find the tax rate.
Q: Preview Principal $1,125,000 $ 1125000 Correct. Good Job! b) How much interest will she pay over the…
A:
Q: Bria Williams' savings account statement is shown below. What is her new balance? Previous Interest…
A:
Q: Calculate the total cost, total depreciation, and annual depreciation (in $) for the following…
A: Given cost=$76,300shipping charges=$1,500setup charges=$750salvage value=$4,500useful life=11
Q: Calculate the missing information based on the format of the income statement. Net Sales Cost of…
A: To find the missing information which is Gross margin and net profit. Given information: Net sales…
Q: Compute the gross income, adjusted gross income, and taxable income in the following situation. Use…
A: Total wages earned = $61800 Amount earned from Interest = $260 Therefore gross income =…
Q: Francisco's gross income this year is $29,550. His employer withholds $55 per month to pay for his…
A: Francisco’s gross income = $29,550 in a yearEmployer withhold = $55 per month and employer withhold…
Q: 2. Which of the following are monthly fixed expenses? a. rent, mortgage, electricity costs b. rent,…
A: Rent and mortgage are always fixed every month for a family. But electricity costs, fuel costs or…
Q: you Amount of Terms of Cash Net Invoice Sale Discount Amount Due $3,010.20 4/10, n/30
A: the cash discount and the net amount due the transaction (in $). Amount of Invoice Terms of Sale…
Q: A building contractor gives a $13,500 promissory note to a plumber who has loaned him $13,500. The…
A: Given: Principal amount=$13500, interest rate=5%=0.05, due time=9 months. 6 months after signing the…
Q: Credit card companies have different policies and rates. One company's policies are as follows: Part…
A: 0.0149 times the first $500= 7.45 0.0095 times the next $500=4.75 0.0081 times over $1000
Q: Use the 2016 marginal tax rates in the above table to calculate the federal tax owed by a single man…
A: Given: Gross income: $40,000 Adjustments: $1000 Deductions: $3000, $1500 and $300 Tax credit is…
Q: Calculate the total cost, proceeds, total gain (or loss), and return on investment for the given…
A:
Q: Find the principal. Round to the nearest cent. 32) Rate: 10% Time: 180 days Interest: $45.28
A:
Q: Sara has an annual income of $70,000. Using the tax table If taxable But not income The tax is:…
A: Given that: Annual income = $70000
Q: 3. Magkano ang nominal wage? Real wage = P10,200.00 CPI = P180.20
A: Here given Real wage =10,200.00 CPI =180.20
Q: Principal 145,000 Rate% Time 2 years Interest 18,850…
A:
Q: Marsha works at Eastern Community College as a math teacher. She will be paid $45,000 for the year.…
A: We are given that Marsha get paid $45000 for the year. Deduction that she has to pay is >…
Q: John's employer purchases insurance from the Star Health and Allied Insurance Company. John is 53…
A: The total cost of gold plan = $3,000,000 The premium sharing is 11% The annual premium sharing is…
Q: Use the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability (in $) for the taxpayer. Name…
A: Filling status is head of household and the taxable income is $165,200. Now, the total amount over…
Q: = how a family budgets its annual income. If the total annual income is $125,000, what amount is…
A: The total annual income is $125,000.
Q: Calculate the missing information based on the format of the income statement. Net Sales = 338, 500…
A:
Q: Steve and Claire are married, and both lived and worked in North Carolina for the entire 2013 tax…
A: Given that, the gross income is $78,000, the standard deduction is $6000 and exception per person is…
Q: Diana's gross earnings were $589. She is single and claims two allowances. Find the deductions for…
A:
Q: You are the loan department supervisor for a bank. This installment loan is being paid off early,…
A:
Q: Magkano ang nominal wage? Real wage = P10,200.00 CPI = P180.20
A: Given, Real wage = 10,200.00 CPI = 180.20
Q: how much should you set aside and invest in a fund earning 9 compunded accumulated 200000 in 3 years…
A: Given, Total accumulated wealth= 200,000Rate, R= 9%=0.09Time ,t=13 ( quarterly ) To find: Amount to…
Q: A married resident citizen has five (5) qualified dependent children. The following information…
A: Given: Net salary = P 380,000 Withholding tax = P 20,000
Q: raduation from college, Warren Roberge was able to defer payment on his $22,000 student loan for 6…
A: Topic:- algebra
Step by step
Solved in 2 steps