PROPORTION OF LOSS-MAKERS BY MARITAL STATUS Married Unmarried 90% 80% 72% 70% 64% 65% 60% <50% 40% 30% 20% 10% 0 Source: SEBI 74% 75% 65% FY19 FY20 FY21
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- Use the 2016 marginal tax rates to compute the income tax owed by the following person. Unmarried head of household with two dependent children. Gross income: $54,000 Adjustments: none Deductions: $3505 state taxes $4000 theft loss Tax credit: $3000 Click the icon to view the 2016 marginal tax rates. The income tax owed is $. (Type an integer or a decimal. Round to the nearest cent as needed.)AA2Use the 2016 marginal tax rates to compute the income tax owed by the following person. Single male, no dependents. Gross income:$87,000 Adjustments: $4000 Deductions: $31,000 mortgage interest $4664 property taxes $4000 charitable contributions Tax credit:none Click the icon to view the 2016 marginal tax rates. …… The income tax owed is $ (Type an integer or a decimal. Round to the nearest cent as needed.)
- 12. From the data given below, calculate the gross and net reproduction rates: Female Population (in thousands) Age Group Female Live-births Survival Factor 15-19 1,399 15,133 0.9694 20-24 1,422 94,155 ater vilhel 0.9663 25-29 1,521 102,676 0.9632 ege hol) F 30-34 1,756 72,490 0.9584 35-39 1,451 31,402 0.9519 40-44 1,689 10,640 0.9424 45-49 1,667 (21s 700 F 0.9279SINGLE Persons If the Adjusted Wage Amount (line 1d) is The tentative amount to withhold is… Plus this percentage… of the amount that the wage exceeds… at least… But less than… A B C D E $0 $4,350 $0.00 0% $0 $4,350 $14,625 $0.00 10% $4,350 $14,625 $46,125 $1,027.50 12% $14,625 $46,125 $93,425 $4,807.50 22% $46,125 $93,425 $174,400 $15,213.50 24% $93,425 $174,400 $220,300 $34,647.50 32% $174,400 $220,300 $544,250 $49,335.50 35% $220,300 $544,250 $162,718.00 $162,718.00 37% $544,250 Assume you are offered a job with a salary of $42,000 and a bonus of 7.5% based on your performance during the year. If you receive your full bonus at the end of the year, what is your total (gross or before tax) pay for the year? Assume you are filing under single status. Using the income tax table provided below, answer…keAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inprogress%3false Update 44 Rockhill Corporation operates a women's clothing boutique. Its taxable income for the current year is $60,000. What is Rockhill's income tax liability? Oa. $12,600 Ob. $15,000 Oc. $6,000 Od. S-0- Oe. $9,000 Previous Next 1:56 5/11/
- Under the TRAIN law, the amount of premium allowed per family during thetaxable year for health and/or hospitalization insurance is P2,500. a.true b.falseE6SINGLE Persons If the Adjusted Wage Amount (line 1d) is The tentative amount to withhold is… Plus this percentage… of the amount that the wage exceeds… at least… But less than… A B C D E $0 $4,350 $0.00 0% $0 $4,350 $14,625 $0.00 10% $4,350 $14,625 $46,125 $1,027.50 12% $14,625 $46,125 $93,425 $4,807.50 22% $46,125 $93,425 $174,400 $15,213.50 24% $93,425 $174,400 $220,300 $34,647.50 32% $174,400 $220,300 $544,250 $49,335.50 35% $220,300 $544,250 $162,718.00 37% $544,250 Assume you are offered a job with a salary of $42,000 and a bonus of 7.5% based on your performance during the year. If you receive your full bonus at the end of the year, what is your total (gross or before tax) pay for the year? Assume you are filing under single status. Using the income tax table provided below, answer the following…
- NoneX Your answer is incorrect. William, who is single, has the following items for the current year: Wages Rental loss Interest income Capital gains NOL carryforward from 2017 Mortgage interest expense Real estate taxes State income taxes What is William's net operating loss for the current year? Loss tA $54,500 ($76,500) $1,750 $2,550 ($13,500) $12,500 $6,000 $3,500 $ 53200130 A B D G H K L M N P 1 ACCT328, HW 2 Due no later than Mar 13, 2022 11:55 PM: After deducting an RPP contribution of $2,000, Mrs. Blue has net employment income of $34,000 in the previous year. Her employer reports a Pension Adjustment of $4,500 on her previous year's T4. Her current year's RRSP contributions total $5,000. At the end of the previous year her 6 Unused RRSP Deduction Room was $2,500. 9 Required: What is the maximum RRSP deduction that Mrs. Blue can take on her current year's tax return? 10 11 12 Solution: 13 14 15 16 17 18 19 20 21 22 23 24 25 30 31
