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mote1985 [20]
3 years ago
10

If your salary is $42,500 and your federal income taxes are 10% of your salary, how much money will you owe this year in federal

taxes? Assume you have no deductio
Business
1 answer:
SIZIF [17.4K]3 years ago
5 0
Income                   $42,500
Less:
Deductions           <u>           0</u>
Taxable Income    $42,500
Tax rate                  <u> x        10%</u>
Tax payable             $4,250

Bear in mind that since the problem is silent, I have assumed that deductions based on marital status, exemptions, PERS or TIAA/CREF retirement contributions are all equivalent to zero (0).


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There are different kinds of studies. According to a recent study, nearly all business professionals expect an email response within 4 hours.

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Business Professionals are known as people that are called expert or professionals in the area of business that deals on product.

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6 0
3 years ago
Marcie and her husband, Franklin, each own 50 shares of Chestnut, Inc. Sally, Marcie's old high school friend, owns the remainin
RSB [31]

Answer:

$38,000 Dividend

Explanation:

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8 0
3 years ago
If a store manager only hires shift supervisors who have a four-year college degree, even though experienced cashiers without a
Alona [7]
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4 0
3 years ago
Key numbers that financial managers use to calculate ratios usually come from the firm’s
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LO 8.5When might an unfavorable variance be a good outcome?
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