Please help me Question 3Jess is a single 33 year-old employed by local council and has a gross income of $105,000 forthe financial yea.Fortnightly salary deductions (based on gross income) for Jess are as follows:DetailsPercentage %Taxation (effective rate)27Personal super contributions3(ig salary sacrifice to super)Health coverOther annual expenditures:DetailsHousehold expensesMortgage loan rераутеntsCar loan repaymentsEntertainment expensesAmount (S)39,00024,00012,00025,000Assets and liabilities:DetailsAmount (S)Assets -House and personal effects650,000SuperannuationCar160,00040,000Savings account6,000Liabilities -Mortgage loan350,000Credit card balance10,000(a)Prepare a personal cash flow. -(b)Prepare a current personal balance sheet

A personal cash flow statement measures your cash flow (earnings) and cash outflows (expenditures)…

Answered: (a) Prepare a personal cash flow. .

SWFT Comprehensive Vol 2020

43rd Edition

ISBN:9780357391723

Author:Maloney

Publisher:Maloney

Chapter12: Tax Credits And Payments

Section: Chapter Questions

Problem 14CE

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D. benefit ENT OF EDUG ABM BM11SW-lld-2 5. Ms. Ana, a private employee, gets a monthly salary of P25,000.00, rice subsidy of P2,000.00, and a clothing allowance of P1,000.00 per month. How much will be her monthly gross income?
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Tania's weekly salary is $675.37, pension plan costs her $23.61 and income tax is 15.85% of her pre-pension plan salary. What is her net pay per week (round to the nearest cents)? O a. $544.71 O b. $635.91 O c. $103.30 O d. $548.46 Previous page e Type here to search ASUS
TER 3 SoCial Security Taxes Francis Aha, a salaried employee of Wilson Advertising Agency, is paid every Friday. She earned $1,925 for this January 25, Berra's cumulative gross earnings for the year were $2,765.70. FICA taxes to be withheld on $460 But after the employer has collected the tax, the employee's liability ceases. The following examples illustrate the computation of the FICA taxes to be withheld. Casey Berra, employed by Gobel Company, earned $460 during the week ended January 25, 20--. Prior to empor the tax extends to both the employee and the employer, 1. are computed as follows: EXAMPLE 3-1 OASDI Taxable Wages HI Tax Rate $ 460 Taxable Wages. 460 OASDI Tax to Be Withheld. X 6.2% Tax Rate X 1.45% $ 28.52 HI Tax to Be Withheld 6.67 2. a oRNor to tne pay of November 1, 20--, she had earned $132.450. The FICA taxes to be withheld from Aha's pay on November 1 are computed as follows: OASDI HI Taxable Wage Limit. Wages Paid to Date. Taxable Wages This Pay. $132,900 Taxable…
17. The following deductions are made from the salary of an employee. DEDUCTIONS Income tax 35%National housing 2%Education tax 1% What is the total amount which should be deducted from her employee’s salary $1 800 per month? A. $486B. $648C. $684D. $846
Logan makes an annual salary of $41,875 he is paid bi-weekly. What is his gross pay? And calculate his net pay?
Michael makes an annual salary of $42,525 he is paid semi-monthly. What is his gross pay? And calculate his net pay.
Use the personal allowance table below. Personal Allowance Amount Single $2,000 Married 4,000 Each Dependent 2,000 What amount is withheld yearly for state income tax? 1) Name: Blanco, Alberto Hours: 35 weekly Hourly rate: $15.85 Married, claims 2 State tax rate = 3%
Return to question Kal is the president of Zebra Antiques. An employee, Reese Francis, is due a raise. Reese's current beneft analysis is as follows Yearly Benefit Costs. Medical insurance Dental insurance Life insurance Short-term disability Long-term disability 401 kl Social Security Medicare Tuition reimbursement Total yearly benefit costs (employer) Employee's annual salary The total value of the employee's compensation Required: Compute the benefit analysis assuming: Company Cost Current $ 6,990.20 178.20 350.00 130.20 Employee Cost (Current) $1,015.00 178.20 72.00 36.20 996.96 1,600.00 3,645.20 3,645.29 852.53 852.53 2,508.30 $ 15,615.32 $ 75,615.82
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