Problem 1, 1.1 Systems of Linear Equations. For this 1st problem and only this problem you may state the solution in decimals, but show the set up the equations. > Corporation that made $1, 000, 000 net profit has the following taxation problem Its federal tax rate is 30 % Ca state tax rate is 10 % local tax rate is 5% According to fairness principle oftaxation, the tax paidto one authority can be subtracted as expense priorto calculating the tax for the other taxation authorities So the com bined taxation rate is not the sum of 30 %+10 %%+5% Tocalculate the tox first find f= amount subject to federal tax s=amount subject to state tax 1= amount subject to local tCDC then annly the corresponding rate to calculate as your answer the federal, state, and local tcx

Q: For each problem, calculate the 6.25% sales tax and also the final price. Redo the calculation using…

A: We use (1+ trick) rule which is given by , 1 + Percentage value  = 1 + 0.0625  = 1.0625 a) Sales tax…

Q: The expenses and income of an individual are given in table form to the Income right. Find the net…

A:

Q: company has net profit margin of 2.85% and a net revenue of $4,625,000, what is the net income

A: The net income of a company is an important financial metric that represents the amount of profit…

Q: What two months would the price land on the slanted midline?

A: Here is the actual graph of the price and the midline.

Q: find interest=you have agreed to borrow $50 and after 6 months pay back $58.

A: Given that you have agreed to borrow $50 and after 6 months pay back $58.we have to find the…

Q: (1) if the sales tax rate is $8.25 per $100.00. What is the sales tax if the sale amount is $54.80?…

A: (1) the sales tax rate is $8.25 per $100.00 sale amount is $54.80 sales tax on $54.80,…

Q: Find yas a fon chenof x if t. %3D with

A: This is cauchy euler equation and we will solve it by changing the dependent variable

Q: Entire Project sold for $3,200,000 with Phase II selling for 20% more than Phase I, and Phase III…

A:

Q: The expenses and income of an individual are given in table form to the Income right. Find the net…

A: Net Cash flows refers to the difference between the cash Inflows and cash outflows, So, the income…

Q: A company purchased factory equipment on June 1, 2021, for $155000. It is estimated that the…

A: To determine the depreciation of the equipment on December 31, 2021.

Q: how to solve for the tax after solving for the discount

A: need to write down thar how we cab solve for tax after solving for the discount.

Q: A manufacturer of ovens sells them for $1,510.00 each. The variable costs are $1,030.00 per unit.…

A: Step 1: Method to Calculate the Net IncomeNet Income can be calculated using Cost-Volume-Profit…

Q: Find the sales tax on a $29.99 purchase if the sales tax rate is 6 1/2%.

A: Purchase = 29.99Sales tax rate = 6.5%

Q: The expenses and income of an individual are given in table form to the right. Find the net monthly…

A: We have to find the net monthly cash using given income and expenses.

Q: Prorate the following list of expenses to find the corresponding monthly expense. Toni pays for two…

A: Given data:   The given credit hours are t=15 hours. The total cost of one credit hour for a…

Q: The current US Debt as of 8/23/21 was about 28.7 trillion. Calculate how far a stack of dollar bills…

A: The length of a dollar is 15.5956 cm long and the length 28.7 trillion dollars would extend to can…

Q: Alex invests 2000 in a company's stock, after a year her stock increase to 2500, what rates of…

A: Given:   Money invested by Alex in company stock = $2000.   After a year, Alex stock increased to…

Q: The amount raised was what percentage more than the funding goal

A: Let's solve.

Q: A coffee company received 36 3/4 kilograms of coffee beans at $260 per kilogram. Sales for the next…

A: