Jason has the following income in 2023: Employment income, $65,000 Capital gain, $5,000 Dividend received from a CCPC. $500 Dividend received from a public company. $650 How much is the total income?
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- What is George’s gross income if he has the following: Salary = $78,000; Dividends = $4,000; interest on city of San Francisco bonds = $2,000; a gain of $14,000 on a stock sale and a $4,000 loss on a small sole proprietorship that he owns. a. $78,000 b. $84,000 c. $92,000 d. $96,000Gabriela has the following income for the quarter: a. Professional income,P80,000 b. Income from her business, P30,000 c. Compensation income,P40,000 d. Interest income from bank deposit, P10,000. What amount ofincome will Gabriela report in her quarterly income tax return? P80,000P110,000P120,000P150,000Sam had the following sources of income for 2022 Dividends $1,500 Salary $70, 000 Interest $2,000 Net Rental income $5,000 bonus $10,000 what is sam's earned income for the year? $82,000 $ 87,000 $86,000 $85,000 $88, 500
- Using the simple equation on an Income Statement, what is your Net income if your Revenue was $929,000; and your Mortgage payment was $260,000; and your Utilities were $45,000; and your Employee expense w,as $352,000 [Show your math equation]During 2022, Janice reported the following income and expense items connected with her business. Income from sale of articles Rent $95,000 16,500 Utilities 7,900 Supplies 1,800 Insurance 5,000 Travel (including restaurant meals of $600) 2,900 Calculate Qualified Business Income.Anna has the following income for the quarter: a. Professional income P80,000 b. Income from her business P30,000 c. Compensation income P40,000 d. Interest income from bank deposit P10,000. 1. What amount of income will Anna report in her quarterly income tax return? a. P80,000 b. P110,000 c. P120,000 d. P150,000 2. If Anna, opted to use 8% rate, how much is her income tax due in her quarterly ITR? a. P6,400 b. P8,800 c. P9,600 d. P12,000
- Jamar and Natasha had the following income and expenses for 2021: $45,000 in wages. $24,000 in rental income. $8,000 in rental expenses. $48,000 in self-employment receipts. $12,000 in self-employment expenses. Assuming there are no income adjustments, what is their California gross income?. Suppose someone his earned income per year is $7000, and the income guarantee, IG, is $5000. And assume that the tN, the rate at which the transfer is received by him is 50%. Then the disposable income of the recipient in relation to earned income is:Question: 1. Calculate the gross income for someone who works 38 h at $12.50/h You don't need to to this for me, I just need someone to explain how I can answer this question, because there is more like this.
- X, a resident citizen had the following data in the year 2021:Gross income from the practice of profession, P1,590,000Gross income from business, P3,500,000Interest income from currency bank deposit at Metro Bank, P8,300Interest income on private securities, P24,000Dividend income from domestic corporation, P26,000Interest income on loans to friends, P13,000Winnings from raffle draws, P2,000Sale of a land in Marikina not used in business (with a FMV of P2,900,000), P3,300,000Deductible business and professional expenses, P3,842,000How much should X report as his gross income?Please provide correct answer19. Attack pair needs help identify and understanding their adjusted growth income for the tax year 2023. Valley dad is single their total income consists of the following wages $20,000 capital gain $5,000 pension income $5,000 the taxpayer pay alimony and the amount of 5,000 for a divorce decree dated 2017 and $5,500 of student loan interest in $3,000 for child care. what is the AGI?