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- Suppose you bought a digital camera for a total purchase price of $276.99. If state taxes were 6.2%, what was the amount of the sales tax?Pleas calculate the AVERAGE and MARGINAL TAX based on the tax bracket provided below. (Hint: every box in the table may NOT be used.) $0 $1,001 $3,001 Tax Bracket $10,001 $20,001 $40,001 $1,000 $3,000 $10,000 $20,000 $40,000 & Above Average Tax:__`17.729% Marginal Tax:__`25¹% Tax 5% 10% 15% 25% 30% 45% $ $ Taxable Income Amount Taxed type your ansv type your ansv type your ansv = type your ansv $16,500 $ $ $ $ Actual Tax Paid type your answe type your answe type your answe type your answe type your answe Amount Remaining $ $ $ $ type your answe type your answe type your answe type your answeFrom the data: May 2 - On sale to the public Purchase price, VAT not included P400,000 Selling price, VAT not included P900,000 May 9 - On sale to the Government Purchase price, VAT not included P200,000 Selling priceq P600,000 How much was the vat payable at the end of May? How much was the final value-added tax of May?
- If the Dept displacement rate 6% and cost of borrowing machine is 10% , and the adjusted discount rate = 7.6% .So what is the Marginal tax rate ? write the formula.Problem 1-29 (ACP) is 30% of income after bonus. Required: Determine the bonus under each of the following independent assumptions: 2. Bonus is a certain percent of income after bonus but before tax. 3. Bonus is a certain percent of income after bonus and after tax. 4. Bonus is certain percent of income after tax but before bonus2023 2022 2021 Beginning Inventory $25,900 $24,750 $25,750 Ending Inventory 24,965 25,900 24,750 Beginning Accounts Receivable $5,350 $7,850 $7,950 Ending Accounts Receivable 7,850 7,950 $8,950 Beginning Assets 198,750 195,000 $175,000 Ending Assets 199,750 198,750 $195,000 Gross sales (all on credit) 52,800 56,400 58,650 Discounts 1,255 1,800 $1,500 Returns and allowances 2,545 1,400 2,000 Cost of goods sold 30,250 27,800 28,750 Operating expenses 4,750 6,250 7,500 Calculate the gross margin percentage (ratio) for each year. 2021: 2022: 2023:
- 5: Calculate Interest Coverage Ratio from the following information Net Profit (after taxes) Rs. 1,00,000 Fixed interest charges on long term borrowing = Rs. 20,000 Rate of Income Tax 50%3. How much, including taxes of 12%, would you pay for an item with a retail price of $194.95?If an after-tax rate of return = 10% is required and the Effective tax rate is 35%. What is the estimated MARR for before tax economic analysis. Select one: a. 13.4 % b. 19.4 % c. 17.4 % d. 15.4 %