Answer:
$1612.80
Step-by-step explanation:
<u>Sales Tax</u> would be 0.06 * 21,000 = $1260
<u>Property Tax:</u>
16.80 for every 1000, so how many "1000"s are there in 21,000? Simple, 21 of them.
So the property tax would be 16.80 * 21 = $352.80
Hence, total taxes (for the year) = 1260 + 352.80 = $1612.80
The amount of George's income that is subject to withholding is <u>$75,000</u>, which excludes the alimony income.
<h3>What is alimony income?</h3>
Alimony income represents the amount received from a spouse or a former spouse under a divorce or separation instrument.
<h3>What are the incomes subject to withholding?</h3>
The incomes subject to withholding include the following:
- Regular
- Commissions
- Vacation pay
- Reimbursements
- Other expense allowances
- Pensions
- Bonuses
- Dividends
- Gambling winnings.
<h3>Data and Calculations:</h3>
Wages income = $50,000
Gambling winning = $20,000
Alimony income = $10,000
Dividend income = $5,000
Income subject to withholding = $75,000 ($20,000 + $20,000 + $5,000)
Thus, George's income that is subject to withholding is <u>$75,000</u>, excluding the alimony income.
Learn more about withholding tax at brainly.com/question/26781826
#SPJ1
Answer:
66 6 I am not your friend 6
Step-by-step explanation: