Gross earnings $1209 . Solve the problem where the amount of wages (after subtracting withholding allowances) is over $551 but not over $1767 so the amount of income tax to withhold is $ 39.70 plus 12% of excess over $551
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Gross earnings $1209 . Solve the problem where the amount of wages (after subtracting withholding allowances) is over $551 but not over $1767 so the amount of income tax to withhold is $ 39.70 plus 12% of excess over $551
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- Dakdale Fashions, Inc. had $245,000 in 2018 taxable income. Using the tax schedule in Table 23 to calculate the company's 2018 income taxes. (Round your answer to the nearest dollar amount.) Income taxes What is the average tax rate? (Round your answer to 2 declmal places.) Average tax rate What is the marginal tax rate? Marginal tax rate ( Prev 12 of 40 E Type here to search 中 DELL F2 F4 F5 F7 F8 F10 F11 F12 PrtScr Insert Coca 24 4 V 23 ) %3D 5. 9. 8. R { } P.A company has wants to earn an income of $60,000 after-taxes. If the tax rate is 32%, what must be the companys pre-tax income in order to have $60,000 after-taxes? A. $88,235 B. $19,200 C. $79,200 D. $143,000A person pays no tax on their first £3,500 of earnings and then 23% tax on the remainder. If they wish to have net earnings of £15,000, how much gross earnings will they require to earn? A £15,000 B £18,435 C £18,500 D £19,481
- Assume the following: Revenue = $1,500; COGS = $450; SGA = $300; EBIT = $600; Taxable income = $525; Net Income = $315. What is Taxes? 29% 8% 14% 40%Oakdale Fashions, Inc. had $245.000 in 2018 taxable income. Using the tax schedule in Table 2.3 to calculate the company's 2018 income taxes. (Round your onswer to the neorest dollar amount) Income taxes What is the average tax rate? (Round your answer to 2 declmal places.) Average tax rate 96 What is the marginal tax rate? Marginal tax rate Prev of 10 Next> re to search F5 F4 F7 F8 F10What is the amount subject to business tax? 2 points Jackpruit, a seller of goods, had the following transactions in January 2020: 200,000 300,000 40,000 20,000 Cash sales P Credit/Installment sales (40% collected) Sales returns and allowances Freight-out charged to customers O PO P460,000 P480,000 P500,000
- An employee has year-to-date earnings of $143,500. The employee's gross pay for the next pay period is $6,300. If the FICA-OASDI is 6.2% and the wage base is $147,000, how much FICA OASDI tax will be withheld from the employee's pay? (Answer is rounded to whole dollar.) A. $391 B. $265 C. $217 ○ D. $91What is the amount of Taxes Owed for the period if the tax rate is 30%, if Earnings Before Taxes ( a.k.a. EBT, or pre-tax earnings) is 250,000?Income tax expense has not yet been recorded. The income tax rate is 40%. Determine the following: (a) operating income (loss), (b) income (loss) before income taxes, and (c) net income (loss).
- * 00 Oakdale Fashions, Inc. had $245,000 in 2018 taxable income. Using the tax schedule in Table 23 to calculate the company's 2018 income taxes. (Round your answer to the nearest dollar amount.) Income taxes What is the average tax rate? (Round your answer to 2 declmal places.) Average tax rate What is the marginal tax rate? Marginal tax rate K Prev 3 of 5 Next > be here to search. 近。 F4 F5 F7 F8 F10 てい2 23 4 24 & 5.1) Calculate 12/31/2023 Book to Tax Income Account Name Sales Less: Sales returns & allowances Less: Cost of Sales Dividend Income Tax-exemp interest Net Capital Gains (losses) $ Net Sales $ Gross Profit $ Salaries Officers Bonuses Other Salaries Rent Interest expense (on the $100,000 business loan) Employment taxes Tax expense Repairs Depreciation 5 Amortization(start up expenses) Book Income Total Income $ 925,000 $ (32,000) $ 893,000 $ (540,200) 352,800 2,500 5,000 $ 4,000 $ 364,300 $ 80,000 20,000 40,000 36,000 $ $ 4,500 8,320 $ 15,000 $ 4,800 $ 12,400 $ O $ Book to Tax Adjustments O (2,500) 5,800 2,940 $ $ (5,000) (4,000) (9,000) $ $ Tax Income 925,000 (32,000) 893,000 (540,200) 352,800 2,500 355,300 80,000 20,000 40,000 36,000 4,500 8,320 12,500 4,800 18,200 2,940 J Explanation provide the reason/IRC Section associated with your adjustment. If calculations are required, please provide your work below. Use formulas wherever possible.Solve the problem where the amount of wages (after subtracting withholding allowances) is over $551 but not over $1,767 so the amount of income tax to withhold is $39.70 plus 12% of excess over $551.Use the percentage method of income tax calculation to complete the payroll roster (in $). Employee Marital Status Withholding Allowances Pay Period Gross Earnings Income Tax Withholding White, W. S 0 Semi-Monthly $1,237 ?