Johanna resides in Saskatchewan and has taxable income of $85,000 for the current year. Determine her tax payable.

Q: Marcus a single taxpayer has taxable income of $60,000.  Using the US 2020 tax rate schedule.  How…

A: Taxable Income: Taxable income is the amount of a person's gross income that the government deems…

Q: Taxpayer, who is unmarried and whose filing status is Head of Household, has two dependent children…

A: A child tax credit is the credit which is made by the tax authorities availability to the taxpayers…

Q: Cameron is single and has taxable income of $92,616. Determine his tax liability using the tax…

A: Tax liability of Cameron: Taxable income bracket Taxable Amount Tax rate Tax liability $ 0 to $…

Q: Johanna resides in Saskatchewan and has taxable income of $85,000 for the current year. Determine…

A: The amount of tax payable means the amount of tax that the taxpayer needs to pay. the amount of tax…

Q: Final- If Joanne normally works in Manitoba and earned $53,000.00, but was temporarily sent to work…

A: Annual Return - The return that an investment offers over time, expressed as a time-weighted yearly…

Q: Ali Amanda, a resdent person for tax purposes, earned an employment income of 15,000 cedis, Business…

A: To calculate Ali Amanda's total assessable income for the year 2021, we need to consider her various…

Q: Based on this information, Jennifer's total federal tax credits for 2023 will be:

A: Federal tax credits are deductions applied to an individual's total tax liability, reducing the…

Q: Sheniqua, a single taxpayer, had taxable income of $79,928. Her employer withheld $12,957 in federal…

A: Income tax liability -Income tax liability is the amount of tax that an individual or entity owes to…

Q: ong earns $100,000 taxable income as an interior designer and is taxed at an average rate of 20…

A: solution : part a) given : song earns         =$100,000 taxable income current average tax rate…

Q: Katie has taxable income of $45,000. She is single and her tax rates are 10% on the first $7,000 of…

A: The tax rate may differ from one taxpayer to another because tax depends on filing status and…

Q: Kamryn Brown is single and earns $50,000 in taxable income and will use the following tax rate…

A: The question is related to the taxation of single individual as per the tax slab given.

Q: Stacia, a single cash basis taxpayer, received $20 in interest from her savings account, $150 in…

A: We must analyze the forms of interest income Stacia got in order to calculate the amount of taxable…

Q: Leena's marginal federal tax rate is 28%. She lives in a province where her provincial marginal tax…

A: Dividend Tax credit :                In various provinces of Canada, the tax paid by the taxpayers…

Q: Adam Smith has taxable income of $37,500 for the current year His federal tax rate is 15%, while the…

A: Federal and provincial tax rates are two different types of tax rates under law. The combination of…

Q: Joanna is single and has 3 dependent children. She earns a gross yearly salary of $66, 154. She will…

A: Income tax refers to the tax that is levied by the government on the income of individuals and…

Q: Maureen Smith is a single individual. She claims a standard deduction of $12,400. Her salary for the…

A: A tax rate is the rate at which the tax is levied on the taxable income. However, the taxable income…

Q: Miriam Anne is a single taxpayer. What federal taxes does she pay if her taxable income is (a)…

A: Given that: Miriam Anne is a single taxpayer.

Q: Katie has taxable income of $45,000. She is single and her tax rates are 10% on the first $7,000 of…

A: The average tax rate is calculated by dividing the total tax paid by the company by the taxable…

Q: Jessica is single and has a 2021 taxable income of $203,300. She also received $15,000 of tax-exempt…

A: Marginal tax rate: It implies to the rate at which the tax is being paid by the taxpayer on his…

Q: Jaylen and Zan are married, filing jointly. Their total adjusted gross income was $80,000 and they…

A: Given: Gross income = $80,000 Standard deduction = $24,000

Q: Maureen Smith is a single individual. She claims a standard deduction of $12,400. Her salary for the…

A: Marginal tax rate is that tax rate that a person or an entity has to pay on its additional dollar of…

Q: Graham has wages of $165,000 and $400 of deductible expenses. He has a tax offset of $100. He has…

A: Step 1 Tax means the charge which was levy by the government on the net income of the individual or…

Q: Jenni is married filling separately with taxable income of $68,000. How much tax does she owe? (…

A: Given: Taxable Income =$68000

Q: Susan, who is a qualifying widow, has a monthly gross income of $5,750.78 Calculate her net earnings…

A:

Q: etermine the final tax for Kim Johnson for taxabl sident and do not have private health insurance.

A: Each and every citizen have to pay the tax on income and taxes are progressive types that means tax…

Q: Maureen Smith is a single individual. She claims a standard deduction of $12,400. Her salary for the…

A: The objective of the question is to calculate Maureen Smith's federal tax liability based on her…

Q: 17. This year, Anne's taxable income is $45,000. She receives an additional $550 in Canadian…

A: The term "Net Federal Tax" refers to the final amount of federal income tax owed or due after…

Q: Sheniqua, a single taxpayer, had taxable income of $80, 628. Her employer withheld S 12,957 in…

A: Income tax liability -Income tax liability is the amount of tax that an individual or entity owes to…

Q: Jurisdiction X levies a flat 14 percent tax on individual income in excess of $35,000 per year.…

A: Given,Tax Rate = 14%No Tax till $35,000.

Q: Sarah is married filing separetly with taxable income of 67100 the tax table lists her rate at 25 %…

A: The Internal Revenue Service (IRS) states that every individual, and every company must pay tax to…

Q: Maria made $100,000 from long-term investments and Steve made $100,000 from wages. Both are filing…

A: (1) Tax Payer - Maria : (a) Income from Long-term Investments = $ 100,000 (b) Status = Single   (2)…

Q: Manny is a single taxpayer, earns $65,000 per year in taxable income and an additional $12,000 per…

A: The objective of this question is to determine Manny's marginal tax rate on his additional income of…

Q: 24%, what is Patricia's gross tax liabi

A: First 1100 qualifies at standard rate i.e, 10% Excess of 2200 is at guardians rate

Q: Jurisdiction X levies a flat 14 percent tax on individual income in excess of $35,000 per…

A: The average tax rate is computed by dividing the total tax liability by the total taxable income.…

Q: Marc, a single taxpayer, earns $214,000 in taxable income and $6,600 in interest from an investment…

A: The tax rate that is applied to the final dollar of a person's income is known as the marginal tax…

Q: Ava has not yet filed her 2021 personal income tax returns (combined Federal and Quebec) and has…

A: Here discuss about the details of the Calculation of Taxable income for Ava for the year 2021 after…

Q: My daughter earns a salary of $40,800 per year, payable monthly. She is married and claims four…

A: Calculate total withholding allowance.

Q: Michael is an employee in Alberta who is paid bi-weekly and earns $1,600.00 per pay period. He has a…

A: Michael is an employee in Alberta Paid bi-weekly = $1600.00 per pay It means Michael will be paid…

Q: Bernadette files as head of household and claims her two children, both under age 16. Her 2021 AGI…

A: The term "tax credit score" refers to an amount of cash that taxpayers can subtract at once from the…

Q: individual with t

A: Tax jurisdiction USA as per IRS rules 2022 income tax calculation for head of household.…

Q: What is Manny's current marginal tax rate for 2021?

A: The marginal tax rate is the rate of tax which has to be paid by the taxpayer over the income of…

Q: c. $4,775.

A: Income tax refers to the tax which is directly imposed by the government on the earnings of the…

Q: Marc, a single taxpayer, earns $64,800 in taxable income and $5,480 in interest from an investment…

A: The objective of the question is to calculate the average tax rate for Marc, a single taxpayer,…

Fringe Benefit Tax

Fringe benefits are in addition to the compensation that companies give to their employees. It is an additional benefit above the stated salary. It helps to keep the employees of the firm motivated as sometimes the only salary is not enough to retain the quality employees of the firm. There are different types of fringe benefits. Fringe benefits are given in both private as well as public enterprises.