Emanuel Simon earns $1,088 semimonthly, single, 1 w. allowance. Use % method to find total tax.

Q: Ben Fernandez a VAT-registered taxpayer had the following data for each of the months indicated of…

A: Vat is known as value added tax. Vat rate in Philippines is 12% Input vat means the vat amount which…

Q: Federal Income Tax Withholding Bob Avery's weekly gross earnings for the present week were $2,390.…

A: The applicable wages for tax withholding is the difference of the gross earnings and the exemption…

Q: What amount is withheld yearly for state income tax? 1) Name: Blanco, Alberto Earns: $36,940…

A: income tax is the tax to the government of the state or the center on the income earned by the…

Q: For the person​ below, calculate the FICA tax and income tax to obtain the total tax owed. Then find…

A: FICA Tax: FICA stands for Federal insurance contribution act. It is mandatory as per U.S law in…

Q: Walter White earned $85,000 taxable income last year. What is his effective tax rate (round to two…

A: It shows the average rate of tax charged on taxable income if it is charged at constant rates.

Q: Jared Goff, of LA, determined the following tax information: Gross Salary: $170,000 Interest Earned:…

A: Taxable Income = Gross Salary + Interest Earned - IRA contribution -Standard Deduction

Q: Carson Holiday has a federal tax levy of $4,119.90 against him. If Holiday is single with three…

A: Taxable income is the amount of income computed to measure the amount of taxes to be paid to the…

Q: Naomi received weekly wages of $1,785.58. She is married and is entitled to 7 withholding…

A: Types of taxes: Income tax Service tax Corporate tax Custom duty Excise duty GST

Q: Required information [The following information applies to the questions displayed below.] Jeremy…

A: Tax refund or liability is calculated by applying the current tax rates on the taxable income and…

Q: Lauren is paid a 6% commission on total sales she sold 2 houses this week for $285,900 and $320,700…

A: Lauren will be required to Pay Self Employment Tax as Net Earnings from Employment exceeds $400.…

Q: During the year, Plum Company has a SUTA tax rate of 4.8%. The taxable payroll for the year for FUTA…

A: Given: SUTA tax rate = 4.8% The taxable payroll for FUTA and SUTA =$123,400

Q: Mr. Borbon had the following data for his income tax return for the current year: Sales Personal…

A: The question is related to taxation. In case if the we optioned to taxed by  8% , the there will be…

Q: Jamison gross tax liabiity is $9550. Jamison had $2800 of available credits and he had $6250 of…

A: Tax liability  Tax liability is the amount of money which is owed by an individual, firm , company,…

Q: Garrison Shops had a SUTA tax rate of 3.7%. The state's taxable limit was $8,000 of each employee's…

A: When a company records the compensation of its employees, such type of accounting is known as…

Q: To compute the tax using the percentage method, follow the steps illustrated below. Step 1…

A: Hi, since you have asked multiple questions, we are solving the 1st question for you. To get the…

Q: 8. Antwan Campbell earns $494 per week. He is married and claims 1 child as a dependent. The state…

A: Antwan Campbell Earnings : $494 per week  Status : Married State tax rate : 2.25%

Q: Ron Swift earned $1,500 last week. He is married, is paid biweekly, and claims two exemptions. Using…

A: Tax is a charge levied by government on the income and expenditure of all.

Q: 7. You are the marketing manager for Pointer Plumbing. You are earning an annual salary of $41,600.…

A: With holding allowances: It is  an exemption and reduces income tax liability of an employee

Q: 1.Ms. Evelyn is tax comiance officer at the breau of internal revenue earning monthly salary of…

A: Take home pay in corporate terms is mentioned as "Net Pay"which an salaried person receives after…

Q: Using the percentage method, what is the amount of Oklahoma income tax withheld under each of these…

A: The amount of income tax withholding under the percentage method is calculated by looking for the…

Q: Example 4-2 To compute the tax using the percentage method, follow the steps illustrated below.…

A: Calculate the federal income tax to withhold from the wages or salaries of each employee using…

Q: 3. When a taxpayer's income increases by $2,500 and the taxes owed increase from $13,899 to $14,399,…

A: Income tax refers to compulsory payment made to government with persons having higher income…

Q: Last year Diana's annual income was $31,305. Use the following Income Tax relationship to calculate…

A: Income tax is the tax imposed by the tax authority on the income of individual and other income…

Q: Using the TRAIN ACT TAX CODE below how much annual tax will be paid by Juan who earns Php. 45,000 a…

A: The Tax Reform for Accelaration & Inclusion Law [ TRAIN]…

Q: paid on beginning inventory 4,800 16. How much is the input tax? 17. How much is the value added tax…

A: VAT is the short term Value Added Tax, which is a form of consumption tax collected incrementally…

Q: Personal Earnings. Perry makes $26.35 per hour and he works 37.5 hours per week, what is his total…

A: Given data, Hourly wage=$26.35 No of hours worked per week=37.5 hours No of weeks in a year =52…

Q: Example 6-4 Borden Company received a federal tax levy on John Kline. Kline is single, claims 2…

A: Given, Borden Company received a federal tax levy on John Kline. Kline is single, claims 2 personal…

Q: My Courses Whitney is paid with straight commission of 6.55 %, and her expected annual sale is…

A: In this question we her commission amount would be found out and then tax would be applied on that…

Q: A summary of the transactions of Ramsgate, who is registered for sales tax at 17.5%, shows the…

A: We have the following information: Registered sales tax rate: 17.5% Outputs (Sales): $60,000…

Q: Using the Tax Schedule for Head of Household, calculate the tax for a head of household with a…

A: Income tax payable is an obligation for the tax payers to the government on the taxable income.…

Q: Calculating Social Security and Medicare Taxes Assume a Social Security tax rate of 6.2% is applied…

A: The Social security taxes and Medicare taxes form part of the FICA tax expense in the Payroll…

Q: Use the 2016 marginal tax rates to compute the tax owed by the following person. A married woman…

A: The Tax payable is $39797 The marginal tax rate is 28% Effective Tax rate is 23.83% Calculation of…

Q: Kip Bowman is owner and sole employee of KB Corporation. He pays himself a salary of $1,500 each…

A: Payroll- The payroll area designates a group of employees for whom the same payroll components are…

Q: Garrison Shops had a SUTA tax rate of 3.7%. The state's taxable limit was $8,000 of each employee's…

A: When a company records the compensation of its employees, such type of accounting is known as…

Q: When filing 2015 federal income taxes as a single filer, you paid 10% on the first $9,225 earned,…

A:

Q: Compute the 2021 tav kability and the marginal and average tax rates for the following taxpayers.…

A: a. Tax liability: Up to $9,950 - 10% $995 $9,951 to $40,525 - 12% $3369 $40,526 to $86,375 -…

Q: tax liability, marginal tax rate, and average tax rate

A: Taxable income $45,000 Tax rate on first $9,525 10% Tax rate on $9,525 to $38,700 12% Tax rate…

Q: Bob Browning's weekly gross earnings for the present week were $2,440. Browning has two exemptions.…

A:

Q: FICA Taxes. For each of the following individuals, calculate the FICA taxes and income taxes to…

A: Jack is a single person and he files a single return, therefore slab would be applied for single.…

Q: Dee is paid $2,345 on November 8, 20--. Dee had cumulative gross earnings, including overtime pay,…

A: It is assumed that the year is 2019. The tax rate for OASDI taxes to be withheld is 6.2% of the…

Q: Use the figure below. George Clinton works for a company that uses a percentage method to compute…

A: Given: Weekly Wages: $421 Weekly with-holding for each allowance: $61.54. Number of allowances…

Q: Use the 2016 marginal tax rates to compute the tax owed by the following person. A single woman with…

A: Income tax payable is an obligation by the tax payer to the government on the taxable income. Income…

Q: Use the percentage method to compute the federal income taxes to withhold from the wages or salaries…

A: In absence of any information regarding year , 2019 withholding rates have been used here .

Q: Example 6-4 Borden Company received a federal tax levy on John Kline. Kline is single, claims 2…

A: Take home pay    1,020.00 Less: Exempt amount ( from above table)       486.53 Federal tax…

Q: Use the following federal tax table for biweekly earnings of a single person to help answer the…

A: Before answering the question related to withheld tax we first need to know the meaning of withheld…

Q: For the person​ below, calculate the FICA tax and income tax to obtain the total tax owed. Then find…

A: Gross pay: It is the total amount of wages earned by employees without deducting any taxes or…