The year Alan graduated college, he got a job as an entry-level software engineer working for a firm in the United States. His starting salary was $70,000. Forthe year Alan graduated, the starting salaries of all entry-level software engineers in the United States had a mean of $72,000 and a standard deviation of$5300.Find the 2-score of Alan's starting salary relative to the starting salaries among all the entry-level software engineers in the United States for the year Alasgraduated. Round your answer to two decimal places.X

A score's connection to the mean within a set of scores is statistically measured by a Z-Score. A…

Answered: The year Alan graduated college, he got…

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter11: Individuals As Employees And Proprietors

Section: Chapter Questions

Problem 24P

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1. Mr. Abu, a Japanese engineer residing in Tokyo, Japan, was contracted by adomestic corporation to assemble in the Philippines an equipment it bought in Japan. He started to work in Japan and spent 10 days there. The assembling job was completed in the Philippines for another 20 days. He was paid P300,000 for his job. How much is the income from Philippine source? 2. Mr. Joshie, a Filipino citizen and a resident of Baguio City, won P10,000 in a PCSO draw last May 8, 2018. His income tax is? 3. Maki is a stockholder in both Agrix Corporation (domestic corporation) and Atlanta corporation (non-resident foreign corporation). During the year, Jhaeron earned P100,000 dividends from Agrix and P300,000 dividends from Atlanta. Maki is a Filipino citizen residing in the Philippines. How much of the dividendincome of Maki is subject to income tax in the Philippines?
1. Ms. Fely Fina, a resident Filipino, an employee of ABC Company in the Philippines works as a Human Resource Officer earning a salary of P20,000.00 a month. Ms. Fely Fina due to her expertise in human resource management was deployed to XYZ Company, a branch Of ABC Co. based at Hongkong. She receives a salary of 30,000 Hongkong dollar. After one year, she was recalled and went back to her mother company ABC in the Philippines. Based on the facts cited above, are the incomes of Ms. Fely Fina both from the Philippines and Hongkong taxable income? If your answer, is yes why? If your answer is no, why?
Ms. Saranghe, a Japanese engineer residing in Seoul Korea, was contracted by Construction Philippine Corp. to assemble in the Philippines an equipment it bought in Japan. She stared the work in the Japan and spent 10 days there. The assembling job was completed in the Philippines for another 20 days. She was paid P300,000 for her job. How much was the income from the Philippine source?
James Johannsen, a Carpenter Helper in your Boise, Idaho office has 4 years of experience with your company and earns $36,000 as a base salary. The midpoint of the range for his grade is $40,030. What is his compa-ratio?
Abraham, 28 years old has graduated five years ago from one reputable university in UK. His majoring in studies previously in Accounting and Finance and he plans to further his studies in Certified Financial Analyst (CFA) in order for him to have a good career path in capital market industry. The fee for CFA is almost RM6,000 for one module and he has to sit for three modules to complete the CFA certificate. Currently his salary is RM3,800 and every month he saves RM1,000 in his savings accounts at interest rate of 2% compounding monthly, invests RM250 per month in Private Retirement Scheme Fund (PRS) and RM200 per month in unit trust fund, pay premium of RM200 per month for life insurance. Recently, he invests about 50% of the bonus he received and invests in ABBA stock and the remaining he will save in Tabung Haji account (for pilgrime savings). The bonus received is five months of his salary. He assumed to receive the interest from ABBA stock RM500 in the first year, RM800 in the…
Abraham, 28 years old has graduated five years ago from one reputable university in UK. His majoring in studies previously in Accounting and Finance and he plans to further his studies in Certified Financial Analyst (CFA) in order for him to have a good career path in capital market industry. The fee for CFA is almost RM6,000 for one module and he has to sit for three modules to complete the CFA certificate. Currently his salary is RM3,800 and every month he saves RM1,000 in his savings accounts at interest rate of 2% compounding monthly, invests RM250 per month in Private Retirement Scheme Fund (PRS) and RM200 per month in unit trust fund, pay premium of RM200 per month for life insurance. Recently, he invests about 50% of the bonus he received and invests in ABBA stock and the remaining he will save in Tabung Haji account (for pilgrime savings). The bonus received is five months of his salary. He assumed to receive the interest from ABBA stock RM500 in the first year, RM800 in the…
Abraham, 28 years old has graduated five years ago from one reputable university in UK. His majoring in studies previously in Accounting and Finance and he plans to further his studies in Certified Financial Analyst (CFA) in order for him to have a good career path in capital market industry. The fee for CFA is almost RM6,000 for one module and he has tọ sit for three modules to complete the CFA certificate. Currently his salary is RM3,800 and every month he saves RM1,000 in his savings accounts at interest rate of 2% compounding monthly, invests RM250 per month in Private Retirement Scheme Fund (PRS) and RM200 per month in unit trust fund, pay premium of RM200 per month for life insurance. Recently, he invests about 50% of the bonus he received and invests in ABBA stock and the remaining he will save in Tabung Haji account (for pilgrime savings). The bonus received is five months of his salary. He assumed to receive the interest from ABBA stock RM500 in the first year, RM800 in the…
Fred currently earns $9,000 per month. Fred has been offered the chance to transfer for three to five years to an overseas affiliate. His employer is willing to pay Fred $10,000 per month if he accepts the assignment. Assume that the maximum foreign-earned income exclusion for next year is $105,900. Return to question Item 3 Required information Skip to question [The following information applies to the questions displayed below.]Fred currently earns $9,000 per month. Fred has been offered the chance to transfer for three to five years to an overseas affiliate. His employer is willing to pay Fred $10,000 per month if he accepts the assignment. Assume that the maximum foreign-earned income exclusion for next year is $105,900. a-1. How much U.S. gross income will Fred report if he accepts the assignment abroad on January 1 of next year and works overseas for the entire year? b. Suppose that Fred's employer has offered Fred a six-month overseas assignment beginning on…
A new graduate has taken a job with an annual salary of $60,000. She expects her salary to go up by 2.5% each year for the first five years. Her starting salary is stored in cell A4 of an Excel worksheet, and the salary increase rate is stored in cell B4. Construct a table with years 1 through 5 in cells A6:A10 and her salary in cells B6:B10. Write the formula for her salary in year 2 (in cell B7) that can be copied and pasted correctly in cells B8 through B10
Suppose you have a job that pays you $15,000 a year. You receive a credit application in the mail stating that you have been pre-approved for $3,000 in credit, but that you must make at least $18,000 a year to receive the card. What should you do?
Mr kunal is employed in a company at banglore. Calculate his income salary if you are given the following details Basic salary = 50000 = 50% of basic salary HRA = 6000 per month rent paid = 10000 per month professional tax (paid during the year) = 500
Mr. Abu, a Japanese engineer residing in Tokyo, Japan, was contracted by a domestic corporation to assemble in the Philippines an equipment it bought in Japan. He started to work in Japan and spent 10 days there. The assembling job was completed in the Philippines for another 20 days. He was paid P300,000 for his job. How much is the income from Philippine source? A. 100,000 B. 200,000C. 100,000D. None

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