Garrett may exclude his income tax as a single individual is $250,000.
Income tax is an immediate tax that a government levies on the profits of its citizens. The profits Tax Act, 1961, mandates that the principal authorities accumulate this tax. The government can exchange the income slabs and tax costs every 12 months in its Union budget. Profits do not most effectively mean cash earned in the form of income.
For the economic 12 months 2022-23, an individual is required to pay profits-tax if his/her overall earnings exceed Rs. 2,50,000. In the case of resident people of the age of 60 years and above but under 80 years, the fundamental exemption restriction is Rs. 3,00,000 and for resident people of eighty years and above, the restriction is Rs.
The federal income tax prices remain unchanged for the 2021 and 2022 tax years: 10%, 12%, 22%, 24%, 32%, 35% and 37%. The income brackets, even though, are adjusted barely for inflation. Examine for greater approximately the federal profits tax brackets for Tax 12 months 2021 (due April 15, 2022) and Tax yr 2022 (due April 15, 2023).
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Allows individuals to set up a retirement account at financial institutions to save money for retirement. Usually has a tax free growth or tax deferred basis.
Is this free answer or is there a multiple choice?
Answer:
regular - 32,000
ultra - 64,000
Explanation:
Please find the remaining part of this question in the attached image
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / price – variable cost per unit
Contribution margin :
Regular = 22 - 8 = 14
Ultra = 25 - 8 = 17
weighted contribution margin = (1/3 x 14) + (2/3 x 17) = 16
Firms breakeven = $1,536,000 / $16 = 96,000
Regular's breakeven = 1/3 x 96,000 = 32,000
Ultra's breakeven = 2/3 x 96,000 = 64,000
For the answer to the question above asking, w<span>hich type of social media platform is the most like old media?</span>
<span>The media in existence before the arrival of the internet, such as newspapers, books, television, and cinema.
</span>So the would be News and Advertising
Answer:
$615
Explanation:
The interest rate on Dawn's credit card is 2.5%
Purchases for the month are $650.
Payments made in the month is $50.
Balance will be
Purchases balance and the interest on the credit card
Purchase balance : $650-$50 = $600
Interest for the month
=2.5% x 600
=0.025 x 600
=$15
Balance will be $600 + $15= $615
