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The tax rate of $.6943 in decimal form can be expressed per $100 as
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- Complete the following: Tax rate per dollar In percent Per $100 Per $1,000 Mills 0.0956 %The total tax on an income of $256,600 is: Select one: a. $96,194 b. $113,900 c. $112,944 d. $128,544 e. $83,324 ???*see attached What amount of income tax payable should be reported?a. P 385,000b. P 498,000c. P 425,000d. P 305,000
- Given the following information, calculate the effective tax rate expressed in mills: market value of property: $170,000; assessed value of property: 40% of the market value: exemptions: $1,000; annual tax liability: $3,575.10.Subject : Accounting Use the 2021 marginal tax rates to compute the tax owed by the person with the given filing status, taxable income, and tax credit. Single with a taxable income of $17,000 and a $2,000 tax credit Tax Rate Single 10% up to $9,950 15% $9,951 to $40,525 The tax owed is _____ dollars. (Type an integer or a decimal, Round to the nearest cent as needed.)Compute for the tax due (A,B,C) for the below taxable income based on the Income Tax Tables: TAXABLE INCOME (Annual) TAX DUE P300,000 A P500,000 B P800,000 C .
- If the tax rate is 4.5% and total amount paid including tax is ₱2,455.75 and find Base price Tax paidDetermine the tax liability, marginal tax rate, and average tax rate (rounded to two decimal places) in each of the following cases. Use the tax tables to determine tax liability. Case 1: Single taxpayer, taxable income of $36,162: Case 2: Single taxpayer, taxable income of $89,889:Compute the before-tax revenue if tax rate is 15% and after-tax revenue is 23,800
- With the following data, compute the NET FUTA Tax. Gross FUTA Tax DUE $ 6,750 Credit against FUTA (assume applicable) $3,100How much of the following is gross income subject to income tax? * a. P2,410,000 b. P2,210,000 c. P2,160,000 d. P1,710,000 e. P450,000For income tax purposes, what is the amount of gross income given the following amounts? Gross sales 4,000,000.00 Sales discounts, returns and allowances 100,000.00 Cost of sales 1,500,000.00 Itemized deductions 800,000.00 Group of answer choices P3,900,000.00 P1,600,000.00 P2,400,000.00 P1,700,000.00