1.Ms. Evelyn is tax comiance officer at the breau of internal revenue earning monthly salary of P35,196.00. How much is Ms. Evelynis take home pay.
Q: Mr. Bakhtawar, a Individual Person, has following information for the Tax Year 2020. Given His…
A: Since you have asked a question with multiple subparts, we will solve the first three subparts for…
Q: What amount is withheld yearly for state income tax? 1) Name: Blanco, Alberto Earns: $36,940…
A: income tax is the tax to the government of the state or the center on the income earned by the…
Q: For the person below, calculate the FICA tax and income tax to obtain the total tax owed. Then find…
A: FICA Tax: FICA stands for Federal insurance contribution act. It is mandatory as per U.S law in…
Q: a. What is the minimum amount of income Stephanie should recognize for tax purposes this year if she…
A: Accrual Method of Accounting means that revenue should be recognized when it is earned but not when…
Q: Mary Singn, has the following intormation her İncome Tax Return this year: Net Taxable Capital Gains…
A: Capital gains are those gains which the company makes from selling the assets and assets usually…
Q: How much is the taxable compensation income?
A: Tax or Taxes : It the amount paid by the consumers (Individual or business entities) to the…
Q: 1.Ms. Evelyn is tax comiance officer at the breau of internal revenue earning monthly salary of…
A: 1.Introduction Take home pay in corporate terms is mentioned as "Net Pay"which an salaried person…
Q: Jared Goff, of LA, determined the following tax information: Gross Salary: $170,000 Interest Earned:…
A: Taxable Income = Gross Salary + Interest Earned - IRA contribution -Standard Deduction
Q: 1. Marcy, a single woman, makes $544.25 a week as a veterinary assistant. If she claims 1 allowance,…
A: As per the honor code, We’ll answer the first question since the exact one wasn’t specified. Please…
Q: Wei has four employees: Anna, Kenny, Stan, and Seth, who were paid $12,000, $5,000, $6,000, and…
A: Federal unemployment tax act (FUTA): This is the act that enables the federal government to provide…
Q: Mary Jarvis is a single individual who is working on filing her tax return for the previous year.…
A: Taxable income means the base amount on which the government or the system of income tax imposes or…
Q: a. Assume that Eva is concidered to be an employee. What amount of FICA taxes is she required to pay…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub parts for…
Q: suppose a certain a government employee earns a cna of 18,000 290 1.0.9 at 13th month pay of 27891…
A: The Collected Negotiation Agreement (CNA) between the government and government…
Q: 1. In the illustration on number 1, Ms. X likewise earned P1,000,000 from employment with XYZ…
A: As per our protocol we are supposed to answer one question. Since you have asked two questions under…
Q: Using the tax table in Exhibit 4-6, determine the amount of taxes for the following situations:…
A: Table used:
Q: Required information [The following information applies to the questions displayed below.] Jeremy…
A: Tax refund or liability is calculated by applying the current tax rates on the taxable income and…
Q: Miriam Anne is a single taxpayer. What federal taxes does she pay if her taxable income is (a)…
A: Given that: Miriam Anne is a single taxpayer.
Q: As a newly hired IRS trainee, you have been asked to calculate the amount of tax refund or tax owed…
A: Tax refund is the amount which is to be received back by the taxpayer when the taxpayer has already…
Q: Mr. Bakhtawar, a Individual Person, has following information for the Tax Year 2020. Given His…
A: Honor Code: Since you have posted a question with multiple sub-parts, we will solve the first three…
Q: Greg has self-employment income in 2021 of $96,000. The self-employment tax is: (round to the…
A: Answer
Q: 8. Antwan Campbell earns $494 per week. He is married and claims 1 child as a dependent. The state…
A: Antwan Campbell Earnings : $494 per week Status : Married State tax rate : 2.25%
Q: Corine is filing as head of household and has 2020 taxable income of $35,000 which includes $23.000…
A: Taxable income refers to the base income on which the tax is imposed and it involves all the income…
Q: the 2 questions below are wrong can youble check them plaese For Addison's filing status, the…
A: Here discuss about the details of calculation of total amount of taxable income with the net tax due…
Q: Karen Most has a federal tax levy of $2,100.50 against her. If Most is single with two personal…
A: Tax: It is levied on individual and the Corporation by the Federal Government of the country.
Q: compute the tax owed by a single woman with a taxable income of $600,000.
A: 2021 tax brackets have been taken into consideration during the calculation. Tax payable on $600,000…
Q: Allan has a gross income of P400,000 in 2020. His employer deducted P5,000 SSS, P4,000 PHIC, P3,000…
A: Answer: The final tax due is calculated on the net income of the person. The deductions is allowed…
Q: Mr. Bakhtawar, a Individual Person, has following information for the Tax Year 2020. Given His…
A: This question is asking the total income ( subject to normal income tax), tax chargeable &…
Q: 3. When a taxpayer's income increases by $2,500 and the taxes owed increase from $13,899 to $14,399,…
A: Income tax refers to compulsory payment made to government with persons having higher income…
Q: Dave Scott's total income is $52,000, but his taxable income is only $39,625. Therefore, his tax…
A: Formula:
Q: Angelena files as a head of household. In 2021, she reported $54,900 of taxable income, including a…
A: Introduction: Accountants must assess their tax liabilities to guarantee that they can pay the right…
Q: . In the illustration on number 1, Ms. X likewise earned P1,000,000 from employment with XYZ Company…
A: Answer: Income from employment = P 1,000,000 Tax rate applicable in Philippines is 32% Income tax…
Q: Paquito, a university instructor, earns a gross monthly salary of ₱46,200.00. Paquito is married and…
A: Net income per month = 46200 - 590 - 397.50 - 100 - 4300 = 40812.50 Net income per year = 40812.50 *…
Q: [The following information applies to the questions displayed below.]Jeremy earned $100,900 in…
A: Tax year is not given, thus 2019 is taken as base year for computation.
Q: Kendall, who earned $130,800 during 2021, is paid on a monthly basis, is married, (spouse does not…
A: Federal tax withholding is the amount of money deducted from salary of an individual by his…
Q: Morgan Cruise earns net self-employment income of $221,600. She works a second job from which she…
A: Total self employment tax = 11,229.80
Q: rried, resident citizen with two qualified dependent children, has the following data for the year…
A: Taxable Compensations : Federal and state payroll tax laws generally identify taxable compensation…
Q: 3. Fess receives wages totaling $75,700 and has net earnings from self-employment amounting to…
A:
Q: Jamie receives a basic pay of P29,880 a month and a 2% commission on her sales. She sold P505,000 in…
A: Total Taxable Income will be Salary (P29880*12) P358560 Commission (P505,000 * 2%) P10,100…
Q: As a newly hired IRS trainee, you have been asked to calculate the amount of tax refund or tax owed…
A: The Net tax payable is determined after making an adjustment of tax credit in total tax amount and…
Q: Sara is filing as head of household and has 2021 taxable income of $59,000, which includes $3,000 of…
A: An alternative minimum tax (AMT) places a floor on the percentage of taxes that a filer must pay to…
Q: Morgan Cruise earns net self-employment income of $221,000. She works a second job from which she…
A: Given that: Self employment Income = $221000 FICA taxable earnings = $108200
Q: Mr. Lebron is a mixed income earner. In year 2020, he earned gross compensation income of…
A: As per the Graduated tax table of philippines if any person who is employed and have business income…
Q: 7. Katie Haddad earns $394 per week. She is married and claims 3 children as dependents. The state…
A: Earning = $394 per week Status : Married and 3 dependents State tax rate : 2%
Q: Brody’s gross monthly salary amounts to ₱34,600.00 per month subject to the following deductions:…
A: Income tax is a direct tax charged by the central or state government authority on the total income…
Q: in 2018, miranda records net earnings from self-employment of $146,000. she has no other income.…
A: The question is based on the concept of taxation
Q: -4) Mrs. Reena earns a salary of $58,500 in a year. P.AY.E deducted at source was $2100.00.…
A: Tax payable/(Refund) = Total Tax Due - P.A.Y.E deducted at source
Q: 1. Ms. Anna Frozen operates an ice cream store while she offers bookkeeping services to her clients.…
A: Answer:- Tax Liability:- Tax liability can be defined as the payment owing to a union, state, or…
1.Ms. Evelyn is tax comiance officer at the breau of internal revenue earning monthly salary of P35,196.00. How much is Ms. Evelynis take home pay.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- 1.Ms. Evelyn is tax comiance officer at the breau of internal revenue earning monthly salary of P35,196.00. How much is Ms. Evelynis take home pay. 2.Allan S. Gala is a sales representative at a private pharmacy. He is given a monthly rice subsidy of P2,000.00 over his monthly salary of P24,300.00. How much is his monthly net payUse the following federal tax table for biweekly earnings of a single person to help answer the question below. Emeril has gross biweekly earnings of $784.21. By claiming 1 more withholding allowance, Emeril would have $13 more in his take home pay. How many withholding allowances does Emeril currently claim? a. 3 b. 4 c. 5 d. 61) Nancy has cumulative earnings of $104,500 and earns $7,800 during the current pay period.If the FICA rate is 4.2 percent for Social Security, with a limit of $106,800, and 1.45 percent forMedicare, applied to all earnings, calculate the total FICA tax to be withheld for this pay period.a. $440.70.b. $209.70.c. $113.10.d. $96.60.e. $231.00. 2) Ernie White has $6,800 cumulative earnings during the calendar year and earned $950 duringthe current pay period. If the state unemployment tax is 5.4 percent of the first $7,000, the federalunemployment tax is 0.6 percent of the first $7,000, the FICA Social Security tax is 6.2 percent ofthe first $106,800, and FICA Medicare tax is 1.45 percent on all earnings, the amounts placed inthe Taxable Earnings columns of the payroll register are: a. state unemployment, $0; federal unemployment, $0; Social Security, $850; Medicare,$850.b. state unemployment, $950; federal unemployment, $950; Social Security, $950; Medicare,$950.c. state unemployment,…
- 1: Julia Jacobsen files as single on her tax return and earned weekly gross pay of 510. For each pay period she makes a 401(k) contribution of 2% of gross pay. Julia checked box 2c on Form W-4, entered $40 on line 4c of the form, and did not enter any information in step 3 of the form. Federal income tax withholding = $ 2: Alejandro Wright files as single on his tax return and earned weekly gross pay of 1330. He does not make any retirement plan contributions. Alejandro entered 500 in step 3 of the form and did not enter any information in steps 2 & 4 of the form.Federal income tax withholding = $Tentative Federal Income Tax Withholding = $ 3: Beatrice Nen files as married filing jointly on her tax return and earned weekly gross pay of 1150. For each pay period she makes a flexible spending account contribution of 5% of gross pay. Beatrice did not enter any information in steps 2-4 of the form.Federal income tax withholding = $Use the following information and the flow chart from the module to calculate: Adjusted gross income ( AGI) Taxable income Show your work for each calculation to receive full credit. An individual has the following information for the current tax year. Assume they do not itemize and they file as head of household. Income from wages, $80,000 Interest earned on savings, $150 IRA contribution, $5,000 Checking account interest earned, $75 Standard deduction for Head of Household: $20,800 Child and Dependent Care Tax credit, $3,000 Filing status: Head of HouseholdUse the Tax Rate Tables, Exhibit 18-3, to calculate the tax liability (in $) for the taxpayer. Name : Rua Filing Status : head of the household Taxable income : $185,400 what is the Tax Liablity ??
- Mary Singh, has the following information for her İncome Tax Return this year: Net Taxable Capital Gains Annual Union Dues Employment Income RRŠP Deduction First Time Home Buyer's Credit CPP Payroll Deduction from her T4 Slip Mary's T1 Income Tax Return Net income, Line 23600 for this year is? $10,000 $2,000 $40,000 $10,000 $5,000 $2,000For the person below, calculate the FICA tax and income tax to obtain the total tax owed. Then find the overall tax rate on the gross income, including both FICA and income tax. Assume that the individual is single and takes the standard deduction. A womanearned a salary of $27,000 and received $1000 in interest. Tax Rate Single 10% up to $9325 15% up to $37,950 25% up to $91,900 28% up to $191,650 33% up to $416,700 35% up to $418,400 39.6% above $418,400 Standard deduction $6350 Exemption (per person) $4050 Let FICA tax rates be 7.65%on the first $127,200 of income from wages, and 1.45% on any income from wages in excess of $127,200. Her income tax is $_____.Which equation could be used to identify one of the following levels of Federal Incomne Tax withholding? PERCENTAGE METHOD FOR FIT WITHHOLDING MARRIED PERSON WEEKLY PAYROLL PERIOD Allowance Rate = $63.46 The amount of FIT withholding is... each w %3D . If he Weekly Taxable Wage any rin Over But not over. $0.00 0.10(income 58) $36.00 + 0.12(income 222) $171.36 + 0.22(income 588) $1 $222 222 588 588 1,117 Select one: O A. FIT = 37.70 + 0.12g; where g = gross pay in dollars. O B. FIT = 36 + 0.22(g - 222); where g = gross pay in dollars. O C. FIT = 171.36g - 129.36; where g = gross pay in dollars. O D. FIT = 36 + 0.12g - 26.64; where g = gross pay in dollars. Outi
- 1. Paul, a resident citizen, provided the following data for year current taxable year: Gross Income from business (gross of 12,000 creditable withholding tax) Business Expenses 700,000.00 300,000.00 a. How much is the income tax of Paul? b. How much is the income tax payable of Paul? c. How much is the taxable income of Paul?What was the total amount deducted from Lily’s pay for Federal, State, and Local income tax? $1,314.59 $1,547.24 $1,781.33 $2,886.751. In the illustration on number 1, Ms. X likewise earned P1,000,000 from employment with XYZ Company for whichP180,000 was tax withheld and remitted to the BIR. How much is her income tax due and payable?
