Line 1Line 2Line 3Line 4Line 5Line 6If taxable income is over But not over --$9,27537,65091,150190,150413,350$09,27537,65091,150190,150413,350↳The tax is$0+10%927.50+15%5,183.75+25%18,558.75+28%46.278.75+33%119,934.75+35%Use the table above to calculate the federal income tax due for a taxable income of $151,000.Of the amount over-$09,27537,65091.150190,150413,350

Given information:If taxable income is over--But not over--The tax isOf the amount overLine…

Answered: Line 1 Line 2 Line 3 Line 4 Line 5 Line…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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1. Mr. Dela Cruz opens a barbershop business for the month of September. he looks and analyze his accounting records and he found out that in the middle of the month he already had a service income or earned P12,000, but when he checked his expenses by the end of the month it will reach up to P20,000 which includes; salary to his employees, payment for his rent, and water and electricity and other expenses. If Mr. Dela Cruz, wanted to have Php 10,000 profit (limpyo na kita), how much more he needs to earn by the end of the month? Give Mr. Dela Cruz some advice on how he will earn more for the next half of the month. *
12. Zea has a credit limit of $2,000 on her credit card. Each month, she charges about $200 and makes a payment of $125. a. Estimate the number of months that Zea can continue this pattern until she reaches her credit limit. b. Consider that part of the $125 Zea pays each month will be for finance charges. How will the number of months from part a be affected by these charges?
1P- Please I want answer of this questions in urgent basis. Many thanks
3. Lia’s marginal tax rate is 25% and she itemizes her tax deductions. a. How much is a $500 deduction worth to her? b. How much is a $500 tax credit worth to her? c. Suppose we want to subsidize higher education purchases for low to middle income families. Comment on whether a deduction or credit against the income tax would be more appropriate
B1
3. Janet is retiring after working for a major department store for 20 years. The company offered her a flat retirement benefit of $50 per year for each year of service. a. What was her monthly income in the first year after retirement? b. What was her annual income for the first year of retirement? c. After 1 year of retirement, she received a 1.54% cost of living adjustment to her monthly pension benefit. What was her new monthly benefit?
5. Martina's employer offers anannual pension benefit calculated by multiplying 2.35% of the career average salary times the number of years employed. Here are Martina's annual salaries over the last 24 years of employment. 28,800 29,300 30,250 31,000 35,500 42,000 45,000 50,000 28,800 29,900 30,350 35,000 35,700 43,000 48,000 52,000 29,210 29,900 30,450 35,000 38,000 43,900 48,800 52,000 a. What is Martina's career average salary? b. What is Martina's annual pension under this plan? c. What percentage of her final annual salary will her annual retirement salary be to the nearest percent? d. What is Martina's monthly pension benefit to the nearest penny?
6) a. b. C. d. What is the present value of $15,000 received today, $2,500 received at the end of each of the next six years and $10,000 received at the end of the 7th year, assuming a required rate of return of 4.50% ? $38,143 $16,899.89 $29,990.22 $35,243
8. Calculate your pay after tax if your Gross pay is $75000 per year. The latest Federal tax bracket is as under: Federal tax rates for 2023 • 15% on the portion of taxable income that is $53,359 or less, plus • 20.5% on the portion of taxable income over $53,359 up to $106,717, plus • 26% on the portion of taxable income over $106,717 up to $165,430, plus • 29% on the portion of taxable income over $165,430 up to $235,675, plus • 33% on the portion of taxable income over $235,675

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