Use the information provided to answer following questions Dionne Rose is employed Garden Variety Ltd. in Jamaica. For the month of May, 2017, she received a gross salary of $350,000. She contributes 10% or her gross salary towards an approved pension scheme. As an employee, her statutory deductions include NIS, NHT and education tax. 1. What is Dionne’s NHT contribution? A.$7,000 B.$6,300 C.$6,237.50 D.$9,356.25 2. How much is Dionne’s taxable income? A.$228,519 B.$186,867 C.$189,992 D.$51,867 3. What would be Dionne’s net pay? A.$251,141.06 B.$240,728.06 C.$286,144.06 D.$278,853.06

Use the information provided to answer following questions Dionne Rose is employed Garden Variety Ltd. in Jamaica. For the month of May, 2017, she received a gross salary of $350,000. She contributes 10% or her gross salary towards an approved pension scheme. As an employee, her statutory deductions include NIS, NHT and education tax. 1. What is Dionne’s NHT contribution? A.$7,000 B.$6,300 C.$6,237.50 D.$9,356.25 2. How much is Dionne’s taxable income? A.$228,519 B.$186,867 C.$189,992 D.$51,867 3. What would be Dionne’s net pay? A.$251,141.06 B.$240,728.06 C.$286,144.06 D.$278,853.06

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter1: Federal Income Taxation—an Overview

Section: Chapter Questions

Problem 51P: Darrell is an employee of Whitneys. During the current year, Darrells salary is 136,000. Whitneys...

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