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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Answer:
$55
Step-by-step explanation:
For this question you would have to multiply
6.50*8 which equals $52
Then add 3 dollars for the total 52+3=55
Answer:
0.84 is the correct answer.
Step-by-step explanation:
Add 0 and 0 which is 0. Add 8 and 6 which is 14. And 3 + 1 + 4 which is 8. Put that all together and the answer is 0.84. Hope it helps!!!!
<span>We can determine, a 30/25/15 series trade discount would be calculated as follows:
let X = retail price.
X - 0.30 </span>× X = Y ⇒ first discounted price.
<span>
Y - 0.25 </span>× Y = Z ⇒ second discounted price.
<span>
Z - 0.15*Z = T </span>⇒ total discounted price.
<span>
X - 0.30 </span>× X = (1 - 0.30) × X = 0.70 × X = Y
<span>
Y - 0.25 </span>× Y = (1 - 0.25) × Y = 0.75 × Y = Z
<span>
Z - 0.15 </span>× Z = (1 - 0.15) × Z = 0.85 × Z = T
<span>
since Z = 0.85 </span>× Y, then 0.85 × Z = 0.85 × 0.75 × Y
<span>
since Y = 0.70 </span>× X, then 0.85 × Z = 0.85 × 0.75 × 0.70 × X
<span>
based on the above, then T = total discount
= 0.85 </span>× 0.75 × 0.70 × X
= 0.44625X<span>
30/25/15 series discount is equivalent to a total discount of 44.625%
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