Georgia should pay $5,260.26 federal tax.
I am assuming that Georgia is an employee.
Gross Pay 35,600.00
Deductions:
C.O.L.A
Social Security 6.20% 2,207.20
Medicare 1.45% 516.20 <u> 2,723.40 </u>
Taxable Income 32,876.60
Federal Income Tax 16% <u> 5,260.26
</u>Net Income <u> 27,616.34</u><u>
</u>Gross income is different from Taxable Income. There are deductions that must be deducted from gross income to arrive at the taxable income. Deductions such as: Cost of Living Allowances (Social Security, Medicare, Retirement Earnings, other non taxable deductions).
There are also deductions that are subject to tax but not the federal estate tax. They are deductible because the tax for that item has already been paid in another form of tax. If said item is not deducted, then double taxation occurs, meaning the taxpayer paid two kinds of taxes for only one item.
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I like to solve these by graphing, so if you graph both of these functions (as shown in the picture below), you look for the intersection between the two graphs, which in this case is
(-2,6).
6 divided by 64.80
Your answer is 10.80 each cheeseburger
<span> Let l be the </span>length<span> and w , </span>width<span>. It is stated that, l=2w................(1) . Now, </span>the perimeter<span> of the </span>rectangle<span> =</span>48<span> . ⇒2(l+w)=</span>48,or,l+w=24. ⇒3w=24............<span>...[by(1)]. ∴w=8,&,so,l=2w=16 </span>inches<span>. Was this helpful? Let the contributor know! Yes. Post comment 1500 ..</span>
