1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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 .

You might be interested in
A $25,000 bank loan is to be repaid in equal yearly payment over 15 years at an effective annual interest rate of 7%. you did th
Anon25 [30]
¿ʇuǝɯʎɐd ɥʇ8 ɹnoʎ ǝpɐɯ noʎ ɹǝʇɟɐ ןɐdıɔuıɹd pıɐdun ǝɥʇ sı ʇɐɥʍ ˙5472$ sı ʇuǝɯʎɐd ןɐnuuɐ ɹnoʎ ʇɐɥʇ punoɟ puɐ uoıʇɐןnɔןɐɔ ǝɥʇ pıp noʎ ˙%7 ɟo ǝʇɐɹ ʇsǝɹǝʇuı ןɐnuuɐ ǝʌıʇɔǝɟɟǝ uɐ ʇɐ sɹɐǝʎ 51 ɹǝʌo ʇuǝɯʎɐd ʎןɹɐǝʎ ןɐnbǝ uı pıɐdǝɹ ǝq oʇ sı uɐoן ʞuɐq 000'52$ ɐ
8 0
3 years ago
Who investigates complaints of the Holden Act and takes remedial action as required by law? The Department of Housing and Urban
o-na [289]

Answer:

The Department of Housing and Urban Development

Explanation:

The Holden act or the California Housing Financial Discrimination Act of 1977, <u>states that financial institutions cannot discriminate against people applying for loans or financial assistance,</u> for reasons such as; race, color, ethnicity and religion.

The Holden act is enforced by the Department of Housing and Urban Development.

5 0
3 years ago
What is Meant by shares of a Company..!!??​
love history [14]

Answer:

A company's capital is divided into small equal units of a finite number. Each unit is known as a share. In simple terms, a share is a percentage of ownership in a company or a financial asset. Investors who hold shares of any company are known as shareholders. ... 10 then the number of shares to be issued will be 1 lakh.

3 0
3 years ago
Read 2 more answers
The length=2.7m and breath=85cm find the perimeter and area of rectangle​
lesya [120]

Answer:

2..?

Explanation:

I'm bad at finding area lol

8 0
3 years ago
Cybill's manager wanted her to design the new ad campaign for the firm's new product. She was given all the necessary resources
Oksana_A [137]

Answer:

Responsibilty

Explanation:

Responsibility is the act of accepting the full control of a given activity and also taking ownership of the consequences of the outcome of the activity.

It is basically being accountable.

When Cybil's manager asks her to design the new ad campaign for the firm's new product, she was given all the necessary resources to complete the task.

Her awareness that she is accountable for the outcome of the campaign exemplifies concept of responsibility.

4 0
3 years ago
Other questions:
  • Nancy has been asked to prepare a presentation for her class that compares the market share data of three breakfast cereals from
    14·2 answers
  • On January 1, 2018, Baddour, Inc., issued 10% bonds with a face amount of $168 million. The bonds were priced at $147.2 million
    10·1 answer
  • Gravitational field​
    14·2 answers
  • Fitzgerald Company wrote checks totaling $34,160 during October and $37,300 during November. $32,480 of these checks cleared the
    15·1 answer
  • The opening of a new American-owned factory in Algeria would tend to increase Algeria's GDP more than it increases Algeria's GNP
    9·1 answer
  • Which of the following is not part of manufacturing overhead for producing a​ computer? A. Manufacturing plant property taxes B.
    11·1 answer
  • 2. Select the correct sentence for errors in the preceding report. 1. Sales salaries, promotional expenses, corporate office ins
    6·1 answer
  • considered the first and lowest level of stocks. common stock 2. probably the safest investment; corporations can withstand a do
    11·1 answer
  • What is a BFOQ? Should BFOQs be allowed?
    9·1 answer
  • The three primary reasons startups need funding are _____.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!