the right answer is TRUE, i got it wrong for putting it as false
Oscar Pistorius, the sports personality, faced a situation of a murder case that negatively exploited by the media. Oscar Pistorius is a South African sprint runner who competed in Paralympic events. He was convicted as a murderer for the murder case of his girlfriend, Reeva. There were many frenzied media that distract the trial process.
Answer:
The answer is below
Explanation:
To be able to enjoy some small daily purchases and also make wise, long-term decisions when it comes to spending and saving, you will need to take the following steps:
1. Ensure you have a plan: this will describe your short term and long term goals about your finances
2. You can start with an 80%/20% rule. Here, you spend 80% of your income and save 20%. You can increase that later to 70/30%
3. After sometimes, invest 80% of your savings and keep 20%
4. Use credit when only necessary
5. Enjoy yourself sometimes by spending the money for yourself adequately.
6. Keep learning how to maximize your income.
Answer:
Payable tax 9.154, equal to the tax deduction 9,154
Explanation:
Net earnings from self-employment is $135.000
Multiply earnings by 92.3%
= 135.000 * 0.9235
= 124.672,5
If the amount after multiplication is in excess of $118.500, in such case the excess of amount over 118.500 should be multiplied by 2.9%
= 124.672,5 > 118.500
The difference between both amounts is 179.
Add: to the above amount tax on social security portion and medicare portion 15.3%$ on 118.500 which is the ceiling limit.
118.500 * 15.3%
=18.130.5 + 179
=18309.5
Therefore, the tax is 18309.5
Deduction of 50% on the tax can be claimed
Therefore, deduction is 9.154.
Thus, the tax payer can be benefited from the self-assessment tax deduction.
