With the following data, compute the NET FUTA Tax. Gross FUTA Tax DUE  $ 6,750 Credit against FUTA (assume applicable)  $3,100

Q: Use the 2021 marginal tax rates

A: As per IRS 2021  standard deduction for single filer is $ 12,550.  As per…

Q: 2. Using the following Income Tax data, and given that your annual income is $ 85,000: a) Calculate…

A: ''Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Consider the following data extracted from an after-tax cash flow calculation. Before-Tax-and-Loan =…

A: After Tax Cash Flows are the amount of cash and cash equivalents a firm receives in a financial year…

Q: if you have a percentage tax due of 70,000, is this monthly or quartelry paid to BIR

A: Given in the question: Percentage tax due is 70,000 Taxes have to be paid to the department of tax…

Q: Consider the following data extracted from an after-tax cash flow calculation. Before-Tax-and-Loan =…

A: Taxes are to be paid as per the applicable tax rate on the Taxable Income of any organization.…

Q: alculate the amount of property tax due: (Round your answer to the nearest cent.) Tax rate Assessed…

A: Formula: Property tax due = Assessed value x tax rate Assessed value multiply with tax rate to…

Q: There is a sales tax of 24 on an item that costs 276 before tax. A second item costs $218.50 before…

A: Sales tax percentage = Sales tax amount/cost before tax

Q: If your taxable income is Over- But not Over- $0 $9,275 $9,275 $37,650 $37,650 $91,150 $91,150…

A: Solution:- Income tax is the amount of tax charged by government on the income earned.

Q: Compute for the tax due (A,B,C) for the below taxable income based on the Income  Tax Tables:…

A: calculation of income tax due are as follows

Q: Calculate the amount of property tax due: (Round your answer to the nearest cent.)       Tax rate…

A: Tax compliance is a mandatory financial charge or other type of levy imposed on a taxpayer by a…

Q: Assume the following: Revenue = $1,500; COGS = $450; SGA = $300; EBIT = $600; Taxable income = $525;…

A: Taxes are paid on the taxable income and are deducted from taxable income (i.e. earnings before…

Q: A customer purchases $28.14 in products only $12.83 is taxable. How much sales tax is owed if the…

A: Sales tax is a tax levied on the sale and purchase of goods and services. It is typically a…

Q: John's Market is assessed for $99,314. The current tax rate is 85.96 per $1426 of assessed value.…

A: Assessment is the process of estimating the income of the taxpayer for the purpose of calculating…

Q: Consider the following data for 2021 from an after-tax cash flow analysis. Before-Tax-and-Loan Cash…

A: Taxable income is the portion of an individual or business's income that is subject to taxation by…

Q: A. Compute for the Net Taxable Income and Personal Income Tax. 1. A. Annual Basic Salary B. 13th…

A: NOTE : As per BARTLEBY guidelines, when multiple questions are given then first question is to be…

Q: The total tax on an income of $256,600 is:    Select one: a. $96,194 b. $113,900 c. $112,944 d.…

A: First 50,000 will taxed at 15%, Next 25,000 will taxed at 25%, Next 25,000 will be taxed at 34% and…

Q: Consider gross earnings of $84,000. The standard deduction is $12,000 and itemized deduction is…

A: Taxable income is the income on which the tax rate is imposed. It is the income net off of the…

Q: With the following data, compute the NET FUTA Tax. Gross FUTA Tax DUE $6,750 Credit against FUTA…

A: Formula: Net FUTA tax = Gross FUTA tax due - Credit against FUTA

Q: Compute the before-tax revenue if tax rate is 15% and after-tax revenue is 23,800

A: Formula: Revenue before tax= Revenue After Tax(1- Tax rate)

Q: "What is the tax on a property with an assessed value of $88,700 if the tax rate is 4.5% of the…

A: Assessed value is a real estate asset's price. Assessed value is used to calculate its property…

Q: If the sales tax is 6% and the purchase price is $193, what is the amount of tax?

A: Sales tax is the tax paid on goods and services, to the taxation authorities. It is an indirect tax…

Q: Base price Tax paid

A: Base price = Amount paid including tax * 100/(1 + Tax rate)

Q: Find the tax owed on a purchase of ​$183.11 if the state sales tax rate is 6​%.

A: Taxes are the dues and obligations, which needs to be paid or settled by the business to the…

Q: A customer purchases $28.14 in prodcts only $12.83 is taxable. How much sales tax is owed if the tax…

A: Taxable Amount = $12.83Tax Rate = 10%

Q: Find the amounts that are missing from this summary of an income tax return: a. Gross income $42,685…

A: Missing amounts in the summary of income rax return:- Adjusted gross income= Gross income+…

Q: a. Find the marginal tax rate for the following levels of sole proprietorship earnings before​…

A: Taxes are computed as per the rates announced by the tax authorities.   Usually as the income level…

Q: Calculate (A) actual sales and (B) sales tax liability: Total sales: $23,152.81 (includes a 5% tax.)…

A: Actual sales = Total sales / (1 + Sales tax rate) Sales tax liability = Actual sales x Sales tax…

Q: Use the net FUTA tax rate of 0.6% on the first $7,000 of taxable wages. Queno Company had FUTA…

A: Gross FUTA tax for the year = FUTA taxable wages x FUTA tax rate

Q: With the following data, compute the NET FUTA Tax. Gross FUTA Tax DUE  $ 6,750 Credit against…

A: FUTA Tax :— It is payroll tax imposed on wages of employees in United States to help fund the…

Q: Required: Determine the amount of average incomeltax liability per tax return, for each income range…

A: Average income liability per income tax return = Total tax libilities/No. of returns.Amount of total…

Q: Consider gross earnings of $86,000. The standard deduction is $12,000 and itemized deduction is…

A: Taxable income is the income on which the tax rate is imposed. It is the income net off of the…