You receive a lunch bill for $45.50; tax included. The tax in your city is 9.5%. What is the amount of tax paid? What is the before-tax cost?
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A: Given: Tax rates that are being paid by Ramon are 15%, 7.65% and 4% respectively. Amount = $ 3,000
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A: Purchased refrigerator = $794.90 Delivery charges = $24.99 Ice maker hookup = $50 State sales tax =…
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Q: What penalties will Chip owe if his current year tax is $41,000? $35,800? nonalty)
A: Unpaid taxes are subject to their own charges. Even if a customer files his / her returns or…
Q: You are the owner of Caché, a chain of women's clothing boutiques. Your state has a sales tax of 7%,…
A: Revenue before sales tax = Revenue after sales tax/(1+sales tax rate) total sales tax rate = base +…
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A: As per our protocol we provide solutions to one question only but you have asked multiple questions…
Q: Solve the following problem using 6.2%, up to $117,000, for social security tax and 1.45%, no wage…
A: Social security tax is determined by calculating the percentage set by the government to its gross…
Q: You own an a townhome with an assessed value of $184,100. The tax rate is $2.20 per $100 of assessed…
A: Property tax is billed on the basis of property tax rate on the assessed value.
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.
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A: Solution Given Carlos is a resident citizen Interest income from saving account deposit =6000…
Q: Below is a graph of the Robinson's annual expenses. How much will the Robinsons pay in state/local…
A: Here, Gross Annual Income is $85,420 % of State and Local Taxes is 10%
Q: Calculate the Federal and Provincial Income Tax for an individual who’s single with no kids and has…
A: calculation of final tax payable for this individual are as follows
Q: A person works and earns $3503 dollars but on a pay stub pays 35% to tax. How much money is left…
A: It is the amount earned by an employee after taxes. The gross pay as reduced by the taxes will…
Q: What would be your federal income tax if your taxable income was $108,000.00? $ What is the average…
A: PART 1 INCOME REMAINING TAXABLE INCOME TAX RATE TAX CALCULATION AMOUNT $98,300…
Q: What is the dollar amount of the tax credit
A: A tax credit refers to a dollar for dollar reduction of the income tax owed.
Q: You are the owner of Caché, a chain of women's clothing boutiques. Your state has a sales tax of 7%,…
A: Total sales tax rate = 7% + 1.5% = 8.5% Sales tax amount = [Total sales / (1+sales tax rate)]sales…
Q: You are single and claim no allowances. How much is deducted from your weekly paycheck for federal…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: let's consider a 30-year-old man living in London. His annual income is £35,000 and he pays a total…
A: A 30-year-old man in London Annual Income = £35,000 Tax paid to government= £27,000 (77.142% of his…
Q: Assume a payroll tax of 15% on every dollar earned and a 10% income tax on every dollar earned above…
A: Answer:- Tax burden = 22,000 Explanation:- Computation of tax burden:- Payroll tax = Tax rate x…
Q: Suppose you earn $60,000 per year and pay taxes based on marginal tax rates. The first tax bracket,…
A: Given: First tax bracket: 5% for $0 to $30,000. Second tax bracket: 20% for $30,001 to $120,000.
Q: You own an a townhome with an assessed value of $181,100. The tax rate is $2.20 per $100 of assessed…
A: Tax: A tax is a compulsory charge or a levy imposed upon a taxpayer by a government organization to…
Q: You are the owner of Caché, a chain of women's clothing boutiques. Your state has a sales tax of 5%,…
A: Formula: Sales tax amount = Sales value x sales tax rate Multiplying sales value with sales tax rate…
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: What are the social security and Medicare withholdings (in $) for an executive whose annual gross…
A: "Up to $128,400 for Social Security tax" means that the withholding rates will be calculated $128400…
Q: You own an a townhome with an assessed value of $183,900. The tax rate is $2.20 per $100 of assessed…
A: a) Assessed value = $183,900 Tax rate = $2.2 for $100 of assessed value Property tax = 183,900 x…
Q: 9. ALGEBRA Maria Sanchez is a police officer. She earns $62,800.00 per year. She is married and pays…
A: Income tax is the tax amount which is calculated on the taxable income earned by the taxpayer during…
Q: Mike has breakfast at a local restaurant and notices the sub- total for his food and coffee is…
A: The sales tax rate can be calculated as the ratio of sales tax and the bill amount
Q: ou own an a townhome with an assessed value of $182,600. The tax rate is $2.20 per $100 of assessed…
A: Solution: a ) Property tax = assessed value ×tax /per assessed value…
Q: ou own an a townhome with an assessed value of $182,100. The tax rate is $2.20 per $100 of assessed…
A: Tax: A tax is a compulsory charge or a levy imposed upon a taxpayer by a government organization to…
Q: You are the owner of Caché, a chain of women's clothing boutiques. Your state has a sales tax of 7%,…
A: Given, Total revenue = $271,250 Total revenue = Sales + Sales tax. Total sales tax = state sales…
Q: What is the disposable income for a household in San Antonio using the following information? The…
A: Disposable income is that income which is available to the individual for spending on his…
Q: You decide to invest $27,000 in a municipal bond that earns 6.15% and is federally tax free. Your…
A: Assuming Annual Compounding, Future Value = Investment * (1+Interest%)^Time Period Future Value =…
Q: You own an a townhome with an assessed value of $182,200. The tax rate is $2.20 per $100 of assessed…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want…
Q: The child and dependent care tax credit rule is the following: If AGI is below $15,000, 35% of the…
A: Introduction Taxpayers with dependents are allowed credit for expenses for the care of their…
Q: You own an a townhome with an assessed value of $184,800. The tax rate is $2.20 per $100 of assessed…
A: Frist we need to calculate the property tax. it will be Property tax =Assessed Value100*Tax par 100
Q: If Ana chose to be taxed at an 8 percent rate, how much is her overall income tax? (based on the…
A: SOLUTION- COMPUTATION OF TAX DUE - GROSS SALES 2800000 LESS- TAX EXEMPT INCOME (250000)…
Q: How much of the above amounts is Frank entitled to deduct?
A: Tax: Tax is a percentage of income of individual or a company which is collected by the government…
Q: Song earns $100,000 taxable income as an interior designer and is taxed at an average rate of 20…
A: Income tax is the liability of the business which is paid to the government for using its resources.…
Q: eason. You find that you paid $3,296.44 in Federal Taxes. Using your taxable income and the tax…
A: Answer You receive a tax refund of $280.44 because you paid more taxes last year than you should…
Q: You own an a townhome with an assessed value of $184,400. The tax rate is $2.20 per $100 of assessed…
A: Tax: It is a financial charge which is imposed by the federal government on income earned by a…
Q: Your cousin purchased a refrigerator at Costco for $794.90. The delivery charge was $24.99, and the…
A: Sales tax refers to the tax collected by the government at a specified percentage on the sales made…
Q: 3. Jim Koslo earns $156,200 annually as a plant manager. He is married and supports 3 children. The…
A: Jim koslo is married Having 3 dependent. Earnings = $156,2000 State tax rate = 3.55%
Q: Suppose you return to college and earn an MBA, after which you get a middle-management position with…
A: Please see the next step for solution:-
Q: Alys makes $450 per week. How much will be withheld from her weekly check for Social Security…
A: In the given question we require to calculate the amount withheld from her weekly check for Social…
Q: You own an a townhome with an assessed value of $184,600. The tax rate is $2.20 per $100 of assessed…
A: The tax paid to the state government for owing a property is known as property tax. The rate of…
- You receive a lunch bill for $45.50; tax included. The tax in your city is 9.5%. What is the amount of tax paid? What is the before-tax cost?
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- Chase Cutter has a marginal tax rate of 33 percent, a state income tax rate of 3.5 percent, and a city income tax rate of 0.5 percent. The tax for Social Security and Medicare is 7.65 percent. What would be the effective marginal tax rate on your last dollar of earnings?You own a townhome with and assessed value of 182,300. The tax rate is $2.20 per $100 of assessed value round your answer to the nearest cent? A-what is the amount of property tax in dollars? B-if the state offers a 4% discount for early payment how much and dollars would the tax bill amount to if you paid early?  C-if the state charges a mandatory 3 1/2% penalty for late payments, how much in dollars with the tax bill amount too if you paid late ?A person works and earns $3503 dollars but on a pay stub pays 35% to tax. How much money is left over after taxes? Round your answer to the nearest cent.
- A person works and earns $4440 dollars but on a pay stub pays 41% to tax. How much money is left over after taxes? Round your answer to the nearest dollar.A residence has a market value of $250,000. The municipality's tax policy is set at 80%. Real estate owners must pay two separate taxes: the municipality tax and an education tax. The tax rates for each are set at 1.25% and 0.75% respectively. 1. Calculate the total property tax billYou own an a townhome with an assessed value of $184,800. The tax rate is $2.20 per $100 of assessed value. (Round your answers to the nearest cent.) a) If the state offers a 4% discount for early payment, how much (in $) would the tax bill amount to if you paid early? b) If the state charges a mandatory 3 1/2% penalty for late payments, how much (in $) would the tax bill amount to if you paid late?
- You own an a townhome with an assessed value of $183,900. The tax rate is $2.20 per $100 of assessed value. (Round your answers to the nearest cent.) (a) What is the amount of property tax (in $)? $ (b) If the state offers a 4% discount for early payment, how much (in $) would the tax bill amount to if you paid early? $ (c) If the state charges a mandatory 3.5% penalty for late payments, how much (in $) would the tax bill amount to if you paid late? $You are the owner of Caché, a chain of women's clothing boutiques. Your state has a sales tax of 7%, and your city has an additional sales tax of 1.5%. Each quarter you are responsible for making these tax deposits to the city and state. Last quarter your stores had total revenue, including sales tax, of $705,250. (a)How much of this revenue was sales (in $) and how much was sales tax (in $)? (b)How much sales tax (in $) should be sent to the city? (c)How much sales tax (in $) should be sent to the state?You are the owner of Caché, a chain of women's clothing boutiques. Your state has a sales tax of 7%, and your city has an additional sales tax of 1.5%. Each quarter you are responsible for making these tax deposits to the city and state. Last quarter your stores had total revenue, including sales tax, of $705,250. How much of this revenue was sales (in $) and how much was sales tax (in $)?
- Below is a graph of the Robinson's annual expenses. How much will the Robinsons pay in state/local taxes if their gross annual household income is S85,420? a.$3.559.17 b. $8,542.00 C. $20.500.80 d. $29,897.00You are the owner of Cache, a chain of women’s clothing boutiques. Your state has a sales tax of 5% and your city has an additional sales tax of 1.5%. Each quarter you’re responsible for making these tax deposits to the city and state. Last quarter your stores had total revenue including sales tax of $266,250.  A- how much revenue was sales in dollars, and how much is sales tax in dollars? B-how much sales tax in dollar should be sent to the city? C- how much sales tax and dollars should be sent to the state? mattola company is giving each of its employees a holiday bonus of $100. what will be the gross amount of each employee pays a state income tax of 2.8%