how do i compute federal income tax salary gross earnings is $1750.00

Q: Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions below. Give…

A: Average tax rate = Total tax bill / Taxable income * 100

Q: Determine the tax liability, marginal tax rate, and average tax rate (rounded to two decimal places)…

A: Tax Schedule Used:

Q: Compute the total income tax due on the income of Carding in 2021.

A: It has been given in the question that Carding has opted at the beginning of the year to use 8% tax…

Q: 2021? 3. What is the current income tax payable at Decem

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Question 1: What is the self-employment tax rate levied on the first $142,800 of 2021 net…

A: Self Employment Tax:- It is the tax for the individuals who work for themself and it consists of…

Q: The income tax T owed in a certain state is a function of the taxable income I, both measured in…

A: Given , The equation of tax is as follows: T=0.13I-300…

Q: Compute for the tax due (A,B,C) for the below taxable income based on the Income  Tax Tables:…

A: calculation of income tax due are as follows

Q: Calculate the state income tax owed on a $60,000 per year salary. tax = $[ ?] %3D

A: Tax is the liability calculated on the income earned paid to the government.

Q: Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions below. Give…

A: In order to determine the average tax rate, the total tax paid is required to be divided by the…

Q: What would be your federal income tax if your taxable income was $117,000.00? S What is the average…

A: Tax is a liability calculated on the income earned by an individual or company and paid to the…

Q: Taxable income is $30369 Tax is 15 %  what is the tax amount owed

A: tax liability is the amount of tax to be paid by the individual or firm to the goverment. tax owed =…

Q: What is the total deferred tax liability at December 31, 20x6? 2. What is the total deferred tax…

A: Step 1 Deferred tax is the tax which is the arises due to difference in between the accounting…

Q: Differences between pretax accounting income and taxable income were as follows during 2021:…

A: Taxable income is the measurement of income which is used to calculate the amount of tax that needs…

Q: What is the effective income tax rate for 2021?

A: Effective Tax Rate can be defined as the average rate at which tax is paid by the individual or a…

Q: Ross Martin arrived at the follwoing tax information: Gross salary $56,145 Interest earnings $205…

A: Income tax: Income tax refers to the direct tax levied on individual person or business and…

Q: Priceton Salary income is $ 150000, STCG is $ 320000, Tax@20 % , Exemption from Income $ 170000…

A: Formula: Tax amount = Taxable income x Tax rate

Q: Ross Martin arrived at the following tax information: Tax Information Gross salary Interest earnings…

A: Taxable income is the income earned by an individual or company on which the tax has been calculated…

Q: How much is the net income after income tax provision at December 31, 2003?

A: We need to calculate income tax provision first to find out net income after tax provision.

Q: Calculate the state income tax owed on a $50,000 per year salary. tax = $[ ?] %3D

A: Income tax is tax charged by the government over the income of the person.

Q: Calculate federal income tax withholding for the employee according to the table images sent.  Juan…

A: Under wage bracket method, federal withholdings are calculated on the basis of number of allowances,…

Q: The class is Income Tax Accounting. I can't seem to figure out the solution to the following: Chuck,…

A:

Q: Amounts to Be Reported on Wage and Tax Statements (Form W-2)                             Gross…

A: Employees Medicare taxes withheld Amett 123.75 Cruz 864 Edwards 360 Harvin 90 Nicks 1650…

Q: Compute the FICA taxes for each employee and the employer's FICA taxes. Round all computations to…

A: Under federal law, employers are required to deduct 6.2% of employees wages as his or her OASDI/EE…

Q: Consider gross earnings of $59,000. • The standard deduction is $12,000 and itemized deduction is…

A: An income tax is kind a type of tax that governments impose on income generated by businesses and…

Q: Calculate taxable income and taxes payable for 2020. Taxable income Income taxes payable eTextbook…

A: The question is based on the concept of Taxation.

Q: PSb 3-9 Calculate Federal (Percentage Method - pre-2020 Form W-4), State, and Local Income Tax…

A: Under wage bracket method, federal withholdings are calculated on the basis of number of allowances,…

Q: How much is the excessive tax benefits to be credited to tax expense on January 2, 2019 according to…

A: Stock based compensation is the type of compensation or the option which are given to the employees…

Q: Taxable income Marginal tax rate 0-12.000 € 0% 12.001-30.000€ 29% 30.001-75.000 € 39% άνω 75.000 €…

A: on the taxable income the tax recharge by the government on the basis of income . generally as the…

Q: Given the personal income tax rates as shown, the average tax rate for an individual with taxable…

A: Answer

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

A:

Q: Ross Martin arrived at the following tax information: Tax Information $ 58,610 Gross salary Interest…

A: Gross income = Gross salary + Dividend income + Interest income =$58,610+$235+$290 =$59,135…

Q: ow much is the income tax payable assuming the taxable year is 2021? a. 330,000

A: Income Tax : It is the amount of income which levied by the Government of the state on the income…

Q: If the federal tax system was changed to a proportional tax rate structure with a tax rate of 17%,…

A: Tax Liability is the compulsory charge levied upon the incomes earned by the individual or the…

Q: PRACTICE WHAT YOU KNUW Using the 2019 marginal tax rates provided in the tabe below, fnd the…

A: Federal tax is calculated as per the schedule given by IRS.  Average rate of tax means the effective…

Q: Refer to the following table to answer the following questions: 2012 Federal Income Tax Brackets…

A: Solution: Tax should be calculated slab wise = (10/100*8700)+ (15/100*26,650)+(25/100*31650) =…

Q: What would be the average tax rate for a person who paid taxes of $6,435 on a taxable income of…

A: Calculation of Average Tax Rate:

Q: Concerning payroll accounting - How would Medicare Tax withholdings be determined on Period wages of…

A: Social tax security is a compulsory contribution of employer and employee. It funds the retirement,…

Q: PSb 3-9 Calculate Federal (Percentage Method - pre-2020 Form W-4), State, and Local Income Tax…

A: Under wage bracket method, federal withholdings are calculated on the basis of number of allowances,…

Q: Ross Martin arrived at the following tax information:   Tax Information Gross salary $ 56,145…

A: Taxable Income: The portion of the income that is subject to tax during the year is known as taxable…

Q: How much is the total income tax expense recorded for the year ended December 31, 2019? a. P246,000…

A: Income tax expense is calculated on taxable income

Q: Use the information in Table 1-3. If the federal tax system was changed to a proportional tax rate…

A: Taxable Income - It is the amount of income upon which tax liability of an individual is calculated…

Q: How do I calculate the before-tax total amount if the tax is 40% and after-tax amount is 1255162.00?…

A: Tax amount reduced from the before tax amount results in after tax amount.  The given tax rate is…