What is the tax due and the average tax rate on taxable income of $65.000? Show work for credit. Tax due - Average tax rate -

Q: QUESTION: if Chiz is non-VAT registered, how much is the business tax payable?

A: Non Vat Register For the Non Vat register whose gross sales / gross receipts which are not crossed…

Q: 2. Using the following Income Tax data, and given that your annual income is $ 85,000: a) Calculate…

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

Q: What is Mary's federal tax liability? Round your answer to the nearest cent. Do not round…

A: Tax liability is the tax debt a business owes to the tax authorities and government.

Q: Part 1 What would be your federal income tax if your taxable income was $117,000.00? S What is the…

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

Q: a. What is Smith family's adjusted gross income? b. What is the family's taxable income? c. What is…

A: Calculation of  gross income, taxable income, tax liability, and tax rate of smith family are as…

Q: How much is the income tax expense/(benefit) for the fourth quarter?

A: Income tax expense/(benefit) for the fourth quarter = (34,000)

Q: An individual earns $62,900 per year. What is their marginal tax rate?

A: A Single person filing Federal tax return has a gross income of $ 62,900. The marginal tax rate of…

Q: According to the tax legislation, there are two main types of tax statuses regulated on the basis of…

A: Data given: Income Scales (TRY) Rate (%) Up to 14,800 15 14,801 - 34,000 20…

Q: Consider the following data extracted from an after-tax cash flow calculation. Before-Tax-and-Loan =…

A: Taxes are to be paid as per the applicable tax rate on the Taxable Income of any organization.…

Q: Given the following tax structure, what minimum tax would need to be assessed on Shameika to make…

A: Tax Rate=Total TaxTotal Salary×100

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: 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: Cash basis taxpayers deduct rental expenses that apply to a future tax year in the year the expenses…

A: Cash basis taxpayer means the tax payer who report expense and revenue on cash basis and not on…

Q: Which equation could be used to identify one of the following levels of Federal Income Tax…

A: solution correct answer is option D : FIT =0.15g -14.85 ;where g= gross pay in dollars the above…

Q: After tax cost of interest deals with the fact that interest is deductible for tax purposes.…

A: Interest expenses are the expenses which are related to borrowings raised by the company. The…

Q: How much is the business tax payable for the August?

A: What is Income Tax Payable?Income tax payable is a term given to a business organization’s tax…

Q: How much is the income tax expense/(benefit) for the third quarter? (NOTE: If your answer is an…

A: Formula: Income tax expense amount = Net income x Tax rate

Q: Compute the additional tax due or refund they have when filing their tax return.

A: It has been given in the question that the withholding tax has been $11,000 and there is a gross tax…

Q: What is the tax base for each of the following taxes? Income Tax GST FBT

A: Taxes are the amount of dues that is being payable to the government on account of income earned,…

Q: Which one of the following amounts represents the maximum amount that you may deduct for moving…

A: Moving expenses: These are the expenses associated related to your moving your household’s goods and…

Q: ate:   a. the marginal tax rate   b. the average tax rate   c. the effective tax rate.…

A: Gross income is nothing but, all income for the year, including wages, tips, earnings from…

Q: You pay personal taxes on your calculated _________________ income. Group of answer choices…

A: According to the provision of income tax act, the assesse is liable to pay tax based on the taxable…

Q: IUSS) made by the investor on the entire transaction? (5) Applying the following hypothetical…

A: Total earnings = $100,000 Tax: Upto $10,000            = $1000 $10,000 to $40,000 = $4500 $40,000 to…

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: On Taxable Income... The Tax Rate Is... Up to €7,150 10% From €7,150 to €29,050 15% From €29,050 to…

A: Income Tax - It is an amount imposed by the government on individual or non individual in respect of…

Q: compute the total deductible expenses for purposes of determining che regular income tax due from X,…

A: Tax:- A tax is the compulsory payment which is imposed by the government on income and capital…

Q: Select all of the applicable taxes for the transaction. (you may answer more than 1 choice) O…

A: Donor’s tax is imposed upon any individual, regular or juridical, occupant or non-inhabitant, who…

Q: What is the maximum LITO amount payable to eligible taxpayers?

A: LITO stands for low income tax offset applicable for working Australians. Offset is different form…

Q: Using the graduated tax table, compute the income tax due and/or income tax payable (refundable) of…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: o tax? Describe each. Thank you in advance

A: Usually, all incomes and value additions are taxed as income tax. Income tax is a direct tax which…

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

A: A tax credit seems to be a sum of cash that can be deducted from the total amount of tax due and…

Q: How much is the taxable net income and income tax due? Income tax due using 8% Gross Receipts Tax…

A: Tax is the charge which is paid by the taxpayer to the government as per the tax slabs given by the…

Q: Calculate the tax rate if the tax amount is $ 64.50 on a purchase of $780?

A: Tax amount = $64.50 Purchase  = $780

Q: (a) What is the final payoff after tax if $100 pre-tax income is invested in a regular savings…

A: Income tax: Fee charged by the government of the country on the income earned by the individual and…

Q: With the following data, compute the NET FUTA Tax. Gross FUTA Tax DUE  $ 6,750 Credit against…

A: FUTA Tax :— It is payroll tax imposed on wages of employees in United States to help fund the…

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: Applying the following hypothetical Federal Income Tax Rate Table, for a Single Tax-Filer earning…

A: Effective tax rate is the tax rate applied on total income (including non taxable income) to derive…

Q: If you have a taxable income of $372,570.00, what is your total tax bill? $ average tax rate? %

A: Tax is the amount charged by the government to the individual or organizations on the income earned…

Q: Given the following tax structure: Total tax Salary $ 10,000 $ 20,000 Тахраyer $ 600 ??? Mae Pedro…

A: Types of Tax structure include: Progressive Tax System Proportional Tax System Regressive Tax…

Q: Suppose you get a raise and your taxable income increases from $2,000 to $8,000, use the information…

A: Marginal tax rate is the ratio of change in tax payable to the change in the total income.

Q: Given the following tax structure, what minimum tax would need to be assesse respect to average tax…

A: A federal tax on taxable income that applies if deductions and adaptions to income reduce the…

Q: You pay personal taxes on your calculated ____ income. a. adjusted gross b. marginal  c. taxable d.…

A: Explanation: Gross income is the sum of all the income an individual earns in a given financial year…