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snow_tiger [21]
3 years ago
7

You have a job at a real-estate agency in the small country of Dystopia, where you are paid 72,000 marks (the currency of Dystop

ia) a year. You are now faced with the decision of whether to work a second job at the local university teaching a real-estate investing class, where the pay is 45,000 marks a year. Social insurance tax and income tax rates are listed below.
Social insurance taxes: 7.65% on your first 110,100 marks of total income
Income taxes:

Taxable income (in marks) Tax rate
0–8,700 10%
8,700–35,350 15%
35,350–85,650 25%
85,650–178,650 28%

a.) Using the information above, what would be the total amount you pay in social insurance taxes on your second job? Give your answer to two decimals.
b.) What is your income tax bill for the second job? Give your answer to two decimals.
c.) What is your total tax bill for the new job? Give your answer to two decimals.
Business
2 answers:
pshichka [43]3 years ago
7 0
yussssssssssssssssssssssss
vivado [14]3 years ago
5 0

Answer:

2,914.65

2nd question : 12,190.50

Explanation:

income to be taxed is equal to (110,100 - 72,000) = 38,100 conchs. The tax itself is 7.65% × 38,100 =  2,914.65

2nd explaination: 25% × (85,650 - 72,000) = 25% × 13,650 = 3,412.50 conchs

28% × (45,000 - 13,650) = 28% × 31,350 = 8,778

Total income tax = 3,412.50 + 8,778 = 12,190.50 .

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Macrosoft Company reports net income of $55,000. The accounting records reveal depreciation expense of $70,000 as well as increa
Mrrafil [7]

Answer:

$99,000

Explanation:

According to the scenario, computation of the given data are as follows,

         Net income  = $55,000

Add- Depreciation expense = $70,000

Less- prepaid rent = $50,000

Add- accounts payable = $11,000

Add- Income tax payable = $13,000

Total = $99,000

Hence, Net cash flow from operating activities = $99,000      

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3 years ago
Recommend further strategies companies woolworths in south africa may use to protect the environment
djverab [1.8K]

They are committed to sending less waste to landfills, recycling as much as possible, and using recyclable materials wherever possible.

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Conclusion Woolworths has a potential customer retention marketing strategy. Geographic segmentation is the company's greatest strength. However, the price competition facing the organization in the Australian market is very dominant.

Learn more about The environment here:-brainly.com/question/24182291

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3 0
1 year ago
The definition of states: The process of solving the everyday problems that occur. It is less formal than decision making and us
VikaD [51]

Answer:

What is the question?

Explanation:

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2 years ago
The law of increasing opportunity costs is reflected in a production possibilities curve that is: A. an upsloping straight line.
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4 0
3 years ago
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In early July, Damon Rutton purchased a $70 ticket to the December 15 game of the Sarasota Shippers. Parking for the game was ex
Bingel [31]

Answer:

Sunk cost will be = $70

Explanation:

Sunk Cost refers to the cost for which the amount has been already spent, and cannot be recovered. These are generally incurred and then not regarded for decision making as irrespective of decision being viable or not this cost cannot be avoided.

In the given instance, Damon Rutton Purchased the ticket of $70

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When he spend some time with his wife sunk cost will be = $70

8 0
3 years ago
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