if Julias gross revenue is966000 and her taxable income is270442 what is tax liability for havajav coffee house?
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- Refer to the previous problem 8. If Stan's parents elected to report Stan's income on his parents' return, what would the tax on Stan's income be?where did you get 3,146 for the tax liability?slip. Activity #5: Problem Solving: Instructions: Solve the following problem and write you answer clearly in a sheet John and Erika, both Filipinos, got married four years ago. John has his own auto repair shop which generated revenues worth P720,000 and incurred expenses worth P246,000 this year. Ericka is an employee of leading call center and is earning 425,000 a year. They now have 3 minor children and legally adopted a fourth one who is also a minor. Show your solutions. How much is the basic personnel exemption of John? 38 | Page CS scanned w th Cometonor
- Use 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 ??What is the tax liability for a married couple with a taxable income of $92,225? What is the tax liability for a married couple with a taxable income of $74,170?You pay personal taxes on your calculated _________________ income. Group of answer choices A.marginal B.taxable C.adjusted gross D. gross
- Melodie's taxable income is $39,000 and she pays income tax of $4,489. If Melodie's taxable income increases to $41,000, she would pay income taxes of $4,884. What is Melodie's marginal tax rate? 19.75 22.00 18.50 12.00 Some other amountWhat are the tax rates for FICA Social Security and FICA Medicare? What are the maximum taxable earnings amounts for each of these taxes?What would be the average tax rate for a married couple with income of $90,500? What would be the average tax rate for an unmarried taxpayer with income of $90,500?
- What would be the marginal tax rate for a married couple with income of $90, 800 bWhat would be the average tax rate for married couple with income of $90, 800? What would be the marginal tax rate for an unmarried taxpayer with income of $ 90,800? What would be the average tax rate for an unmarried taxpayer with income of $90,800 ?What would be the marginal and average tax rates for a married couple with taxable income of $89,600? For an unmarried taxpayer with the same income? Use Table 3.7. (Do not round intermediate calculations. Enter the marginal tax rate as a percent rounded to 1 decimal place. Enter the average tax rate as a percent rounded to 1 decimal place.) a. What would be the marginal tax rate for a married couple with income of $89,600? Marginal tax rate for a married couple b. What would be the average tax rate for a married couple with income of $89,600? Average tax rate for a married couple % Marginal tax rate for an unmarried taxpayer c. What would be the marginal tax rate for an unmarried taxpayer with income of $89,600? % Average tax rate for an unmarried taxpayer % d. What would be the average tax rate for an unmarried taxpayer with income of $89,600? %What is the marginal tax rate for a single individual if her taxable income is $20,000? $40,000? 60,000? What is her tax bill for each of these income levels? What is her average tax rate for each of these income levels?
