taxable income of $299373 that includes $19309 in dividends has how much of a tax liability

Q: What is the amount of taxes for the head of a household with taxable income of $62,525

A: Taxable income refers Adjusted gross income (AGI) less (if any) any itemized deduction that is…

Q: Compute BBI’s tax expense for financial statement purposes.                 Compute BBI’s…

A: Tax expenses: Tax expenses can be defined as the liability owed by the corporations and the…

Q: An entity reported pretax financial income of P8,000,000 for the current year. The taxable income…

A: Total tax payable = taxable income x income tax rate = P7,000,000 x 30% = P2,100,000

Q: Compute the ordinary gain and the net capital gain subject to regular income tax. a. P480,000; PO b.…

A: Capital gains or ordinary gains can be defined as the gain that arises from the sale of an asset or…

Q: Eight independent situations are described below. Each involves future deductible amounts and/or…

A: Temporary difference refers to the difference between the carrying amount and tax base of an asset…

Q: If a corporation has $85,000 in taxable income, what is its taxliability? ($17,150)

A: A taxable income of $85,000 falls under the tax slab of $75,000 to $100,000 with a tax of $13,750…

Q: Compute for the tax due of the following individuals using the RA 10963 tax table. Show…

A: As per the RA 10963 tax table, the Tax rate structure for individuals having an only business income…

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: ounting profit before tax of Lindfield Ltd for the year as $150,000, including the following items…

A: Journal entries are those entries that include daily transactions or events and are stated in the…

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: what would the average tax rate for a person who paid taxes of $6,435 on taxable income of $40,780?

A: Tax Paid = $6,435Taxable Income = $40,780 Calculation of Average Tax Rate:

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: Compute the taxable net income to be reported April 15, 2021? c. P 840, 000 d. P 850, 000 a. P 790,…

A: Taxable net income for the period will include the taxable income of the fiscal year. That is the…

Q: Beaver Dam Inc. (BDI) listed the following items to prepare a reconciliation between book and…

A: Solution:- a) Calculation of BDI’s tax expense for financial statement purposes as follows:- Basic…

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: John's Market is assessed for $99,314. The current tax rate is 85.96 per $1426 of assessed value.…

A: Assessment is the process of estimating the income of the taxpayer for the purpose of calculating…

Q: The pretax financial income of x Company differs from its taxable income throughout each of 4 years…

A: Given Information:  Non deductible expense - $29,300 Tax rate for 2021 - 20%

Q: ohn Ulmus Corporation has $1,230,000 in taxable income for the year.  A)  Calculate the corporations…

A: Solution Concept The corporate tax rate in US is 21% . The rate was 35% earlier and now it has been…

Q: Compute for the tax due of the following individuals using the RA 10963 tax table. Show…

A: BUSINESS INCOME BEFORE TAX = P790,000 As per RA 10963 table: For Gross receipts upto P 3million Tax…

Q: It is the net profit for a period before deducting tax expense. * O Gross profit O Accounting profit…

A: Formula: Net profit = Total revenues - Total Expenses

Q: Flip's Pizzeria Inc. has the following financial items for the current year: Adjusted Taxable Income…

A: Adjusted Taxable Income before tax= $9,250,000 Interest income= $100,00 Business Interest Expenses=…

Q: Carla Corporation reports pretax financial income of $262,600 for 2020. The following items cause…

A: Answer :                                                                                Journal…

Q: The pretax financial income of Truttman Company differs from its taxable income throughout each of 4…

A: a. Prepare journal entries to record income taxes for all 4 years as shown below:

Q: Assuming the taxpayer is a corporation, compute respectively the total items of gross income and the…

A: As per bartleby guideline In case different question answer only first question The 3rd question is…

Q: The tax liability of a sole proprietorship with ordinary income of $105,000 is closest to ________.…

A: Tax liability:  When a person or an entity earns an income, then that income is taxed on the basis…

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

A: Answer

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: What is the tax liability for a single individual who has taxable income of $115,500, that includes…

A: Taxable income of $115,500, which includes a taxable qualified dividend of $2,000. Therefore,…

Q: 1. What amount of permanent difference between book income and taxable income existed at year end?…

A: As per our protocol we provide solution to one question only but you have asked multiple questions…

Q: Calculate the corporate income tax for each of the following corporate taxable incomes. a. $15,000…

A: Income tax  refers to the form of tax which is imposed by the governments on the income generated by…

Q: What amount of current tax expense should be reported? a. P 565,000 b. P 678,000 c. P 505,000 d. P…

A: Tax refers to the amount charged by the government on individuals, partnership firms, HUF’s or any…

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: A single person with taxable income of $36090 will have the first $9525 of that income taxed at 10%.…

A: Income = $ 36090 Tax rate on first $ 9525 = 10%

Q: A single individual pays $7,813 on a taxable income of $47,810 and $7,838 on a taxable income of…

A: Marginal tax rate is the rate on each extra dollar of income earned. It can be calculated as…

Q: 1. A person had $3545 withheld for federal income taxes and had a tax liability of $3400. Would this…

A: Formula to calculate refund amount: Refund amount = Tax already paid or deposited or witheld…

Q: P8.000,000 for the current year. The taxable income was P7,000,000 for the current year. The…

A: Tax expenses for a particular year is reported as :   CURRENT TAX DEFERRED TAX

Q: much income tax is paid on 512500 of taxable income.   Single Taxable Income Tax Brackets and…

A: The question is related to taxation and is of computation of tax payable on taxable income of 512500…

Q: The tax liability for earnings before taxes of $81,300 is $ (Round to the nearest dollar.)

A: The total amount of tax debt owed by an individual, corporation, or other entity to a taxing…

Q: What amount shall be reported as current tax liability?

A: An entity makes tax payments after availing all the deduction or benefits provided by the act and…

Q: Compute for the tax due of the following individuals using the RA 10963 tax table. Show…

A:

Q: A VAT taxpayer received P45,900 inclusive of VAT and net of 10% creditable withholding tax. Compute…

A: Step 1 Gross income is an income which is subject to before tax deduction.