A senior citizen gets a part-time job at a fast-food restaurant. She earns $9 per hour for each hour she works, and she works exactly 30 hours per week. Thus, her total pretax weekly income is $270. Her total income tax assessment each week is $50, but she has determined that she is assessed $3 in taxes for the final hour she works each week. This person's average tax rate each week is percent. (Round your answer to one decimal place)

James has a yearly salary of $36,300 . His employer withholds $4382 in state and federal taxes and $3255 in FICA taxes throughout the year. He has the following monthly costs: transportation is $240 , cell phone bill is $50 , student loans require $230 in repayment, and rent is $675 . He is using the average monthly costs for each of the following in order to gain an idea of other monthly expenses: utilities are $120 , internet is $90 , health insurance is $363 , and groceries are $250 . How much money is left each month for discretionary spending after all necessities are accounted for? Round your answer to the nearest cent, if necessary.

G, the Manager of ABC Co., was given a fringe benefit of a Household Expense account for the salary of his driver and other personal expenses in the amount of P20,000 per month for the current year. Compute the following: 1) Grossed Up Monetary of the Fringe Benefits 2) Fringe Benefits Tax Payable 3) If G is employed in an Offshore Banking unit, compute the fringe Benefits Tax. Upload your solutions in Spreadsheet Format.

An appliance company has three installers. Larry earns $325 per week, Curly earns $490 per week, and Moe earns $565 per week. The company's SUTA rate is 5.4%, and the FUTA rate is 6.0% minus the SUTA. As usual, these taxes are paid on the first $7,000 of each employee's earnings. (a) How much SUTA and FUTA tax (in $) does the company owe for the first quarter of the year? total SUTA tax $ total FUTA tax $ (b) How much SUTA and FUTA tax (in $) does the company owe for the second quarter of the year? total SUTA tax $ total FUTA tax $ Submit Answor

Tamara works for FunCorp. She makes $65,000 per year in salary. How much does she pay in FICA taxes for the year? $4,030.00 O $4,972.50 O $8,060.00 O $9,945.00

1. Mary and Sue both work for WAWA. They both make $50,000 and they also each have $1000 a year in health care expenses. Mary deposits $1000 a year into a dependent care flexible spending account while Sue does not. They both have a tax rate of 15%. How much does Mary save vs. Sue in a given year?

1. Ms. Evelyn is tax compliance officer at the Bureau of internal revenue earning a monthly salary P35,196.00. How much is Ms. Evelyn's 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 pay?

Bob owns a restaurant. The average price per order is $15 and the average variable cost per order is $9. The restaurant remains open 6 days a week for 50 weeks per year. The rent, utilities and other related expenses are $8,000 per month. Bob pays $3,000 per month to his only employee in the restaurant. Bob also spends $12,000 every year for renovation and maintenance. If Bob wants to earn a before tax profit of $8,000 per month, what should be the daily sales (in dollars) in the restaurant?

Seiko's current salary is $111,500. Her marginal tax rate is 32 percent, and she fancies European sports cars. She purchases a new auto each year. Seiko is currently a manager for Idaho Office Supply. Her friend, knowing of her interest in sports cars, tells her about a manager position at the local BMW and Porsche dealer. The new position pays only $100,300 per year, but it allows employees to purchase one new car per year at a discount of $18,500. This discount qualifies as a nontaxable fringe benefit. In an effort to keep Seiko as an employee, Idaho Office Supply offers her a $13,500 raise. Answer the following questions about this analysis. Problem 12-41 Part a (Algo) a. What is the annual after-tax cost to Idaho Office Supply if it provides Seiko with the $13,500 increase in salary? (Ignore payroll taxes.) Soon toaron and eak b-1. Financially, which offer is better for Seiko on an after-tax basis? O Car dealer's offer O Current employer's offer O Both offers b-2. By how much is…

Aa .14.