IMG_0473

DTAA QUESTION-1 Mr. A is a resident of country X, went on 3 months assignment to Country Y > Salary income of Mr. A is 24,00,000 > Of the above, Country Y taxed 3 months income of 6,00,000 @ 28% Compute tax liability of Mr. A considering full credit method and ordinary credit method. Solution:

Proofing Accessibilit E29 X✓ fx B The Chungs are married with one dependent child. They report the following information for 2023: Schedule C net profit Interest income from certificate of deposit (CD) Self-employment tax on Schedule C net profit Dividend eligible for 15% rate Lila Chung's salary from Brants Company Dependent care credit Itemized deductions Required: $ 66,650 2,100 9,418 12,000 75,000 500 31,000 Compute AGI, taxable income, and total tax liability (including self-employment tax). Assume that Schedule C net profit is qualified business income (non-service income) under Section 199A. Assume the taxable year is 2023. Use Individual Tax Rate Schedules and 17 Standard Deduction Table. Note: Do not round intermediate computations. Round your final answers to the nearest whole dollar amount. Answer is complete but not entirely correct. Amount $ 151,041 AGI Taxable income $ 107,653 Total tax liability $ 16,068 10 11 12 13 14 15 16 Taxable Income 107653 Capital Gain 12000 18…

AP#6_4 Kip Bowman is owner and sole employee of KB Corporation. He pays himself a salary of $1,300 each week. Additional tax information includes:       FICA tax—OASDI   6.2% on first $137,700   FICA tax—HI   1.45% on total pay   Federal income tax   $195.00 per pay   State income tax   22% of the federal income tax withholding   Federal unemployment tax   0.6% on first $7,000   State unemployment tax   0.05% on first $14,000 Additional payroll deductions include:       401(k) plan   3% per pay   Child support garnishment   $105 per pay   Health insurance premium   $90 per pay   Record the payroll entry and payroll tax entry for the pay of the week ended June 7 (his year-to-date pay is $27,300). If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent

Fast pls i will give u like for sure solve this question correctly in 5 min pls

◄ Photos 12:50 PM Sat Dec 3 AA www.walmart.com/c... Acellus admin251.acellus.com B My Math Solver | bar... X A Acellus - The Scienc... A certain state uses the following progressive tax rate for calculating individual income tax: Income Range ($) Progressive Tax Rate 0 - 10,000 3% 10,001 - 50,000 5% 50,001 100,000 5.5% Calculate the state income tax owed on a $60,000 per year salary. tax = $[?] Round your answer to the nearest whole dollar amount. Enter Copyright © 2003 - 2022 International Academy of Science. All Rights Reserved. Ć 66% +88 G certain state uses th... 7 Help Resources

EXHIBIT 8-11 2021 Earned Income Credit Table (4) (1) (3) Maximum Earned Credit Phase-Out for AGI (or earned income Income Eligible Maximum Credit Qualifying Children (2) if greater) Over This Amount for Credit Credit % (1) × (2) Married taxpayers filing joint returns 01100 11 LIS 0 $9,820 15.3% $1.502 $14,820 1 10,640 34 3,618 25,470 15.98 2 14,950 40 5,980 25,470 21.06 3+ 14.950 45 6.728 25,470 21.06 All taxpayers except married taxpayers filing joint returns ORD CHIT EL 0 $9,820 15.3% $ 11,610 $1.502 3,618 1 10,640 34 19,520 2 14.950 40 5,980 19,520 3+ 14,950 45 6,728 19.520 Source: Internal Revenue Code. "Rev. Proc. 2020-45. " www.irs.gov. SI DU નવીura વ (5) Phase-Out Percentage 15.3% 15.3% 15.98 21.06 21.06 No Credit When AGI (or earned income if greater) Equals or Exceeds This Amount (4) + [(3)/(5)] $24,637 48,108 53,865 57,414 $21,427 42,158 47,915 51.464

6

Problem 9-13----2019The FUTA Tax (LO 9.6) Thomas is an employer with two employees, Patty and Selma. Patty's wages are $12,450 and Selma's wages are $1,310. The state unemployment tax rate is 5.4 percent. Calculate the following amounts for Thomas: Round your answer to two decimal places. a.  FUTA tax before the state tax credit $ b.  State unemployment tax $ c.  FUTA tax after the state tax credit $

nment Required information Problem 6-4A & 6-5A (Algo) [The following information applies to the questions displayed below.] Problem 6-4A (Algo) F2 Federal income tax withholding Social Security tax Medicare tax State income tax withholding Gerald Utsey earned $48,700 in 2021 for a company in Kentucky. He is single with one dependent under 17 and is paid weekly. The FUTA rate in Kentucky for 2021 is 0.6 percent on the first $7,000 of employee wages, and the SUTA rate is 5.4 percent with a wage base of $11,100. Use the percentage method in Appendix Cand the state information in Appendix D. Manual payroll system is used and Box 2 is not checked. 3 Required: Compute the following employee share of the taxes. (Do not round intermediate calculation. Round your final answers to 2 decimal places.) JUL 15 80 F3 $ 4 E R Q F4 % 5 DII F8 ( 9 A F9 U I O Help ) 0 Save & Exit F10 P Check my wom 4 F11 Sub { + [ F

10:28 Search or type URL Chegg Home Expert Q&A My solutions Hide student question Student question Determine the amount of the child tax credit in each of the following cases: Answer is complete but not entirely correct. 3 Determine the amount of the child tax credit in each of the following cases: ||| Vol) 28.43 LTE KB/S 4G > Answer is complete but not entirely correct. a. A single parent with modified AGI of $214,800 and one child age 4. b. A single parent with modified AGI of $79,400 and three children ages 7, 9, and 12. c. A married couple, filing jointly, with modified AGI of $409,333 and two children age 14 and 16. d. A married couple, filing jointly, with modified AGI of $133,455 and one child, age 13. о ا... Child Tax Credit Allowed S $ S S 1,275 X 6,000 X 1,550 x 2,000 X < 91% Notifications Time Left:

This is for financial mathematics please help mee

Practice Problem 6.5: RRSPS Cherie Cardinal had the following reported on her tax return in the previous year: Net employment income (after an RPP deduction of $2,500) $30,000 Net rental loss ($2,000) Interest income $5,000 Spousal support received $9,500 Undeducted RRSP contributions nil Unused RRSP deduction room $2,000 Cherie has a pension adjustment reported on her T4 slip each year. In the current year, her pension adjustment is $4,500 and in the prior year it was $5,000. During the current year, Cherie makes the following contributions to her RRSP: July 1 of the current year: $3,000 January 2 of the following year: $1,000 What is Cherie Cardinal's maximum RRSP deduction and unused deduction room for the current year?

Subject:acocuting

answer plz

Problem 9-9The FICA Tax (LO 9.3) Thuy worked as the assistant manager at Burger Crown through August 2019 and received wages of $79,000. Thuy then worked at Up and Down Burger starting in September of 2019 and received wages of $61,500. Calculate the amount of Thuy's overpayment of Social Security taxes that she should report on her 2019 Form 1040. Round your answer to two decimal places.$

v2.cengagenow.com Employee Net Pay Stan Stately's weekly gross earnings for the week ended April 22 were $2,400, and his federal income tax withholding was $407.58. Assuming that the social security rate is 6% and Medicare is 1.5% of all earnings, what is Stately's net pay? Round your answer to two decimal places. LA O $ ♥

Pls solve this question correctly instantly in 5 min i will give u 3 like for sure