1 Jacqueline Cruz generated annual compensation income of 455,000 net of statutory payments Tax exempt 13th month pay and other bonuses-P30,000 Determine the tax due of Jacqueline Cruz based on the following possible tax status of Jacqueline Jacqueline is song with no dependent b. Jacqueline is sungle with one qualified dependent Jacqueline mared with one qualified dependent decqueline mared with three qualified dependent

Simon and Marie received a statement reporting that they paid $6,000 in mortgage interest during the past year. If they are in a 22 percent tax bracket, and they itemize their deductions, this deduction would reduce their taxable income by Select one: a. $1,000 b. $1,500 c. $3,000 O d. $6,000 e. $7,500 Clear my choice

Assuming Carding uses OSD, how much is the net taxable income from profession? a. 460,000 b. 540,000 c. 600,000 d. 610,000

Eduard Montes generated annual compensation income of ₱ 455,000, net of statutory payments. Tax exempt 13th month pay and other bonuses – ₱ 30,000. Determine the tax due of Eduard Montes based on the following possible tax status of Jacqueline:

Use the 2016 marginal tax rates to compute the tax owed by a single woman with a taxable income of $64,000.

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Problem Information Use the following tax rates, ceiling and maximum taxes: Employee and Employer OASDI: Employee* and Employer HI: Self-employed OASDI: Self-employed HI: *Employee HI: Plus an additional 0.9% on wages over $200,000. Also applicable to self-employed. 6.20% 1.45% 12.4% a. OASDI tax b. HI tax 2.9% $147,000 No limit $147,000 No limit $9,114.00 No maximum $18,228.00 No maximum Rounding Rules: Unless instructed otherwise compute hourly rate and overtime rates as follows: 1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places (round the hourly rate to 2 decimal places before multiplying by one and one-half to determine the overtime rate). 2. If the third decimal place is 5 or more, round to the next higher cent. 3. If the third decimal place is less than 5, drop the third decimal place. Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. On the last weekly pay of the first quarter, Lorenz…

Mustafa earns 72,000 TRY in a year. Assume that he has 8,000 TRY tax exemption. The following figure shows the marginal tax rates for different income intervals. marginal tax rate  15       25       35          40 taxable ıncome 15.000 35.000   65.000  65.000 a) Calculate total tax payments of Mustafa.b) Calculate average tax rate for Mustafa

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