Answer:
A.481.25
Step-by-step explanation:
d=rt
Plug in numbers
d=38.5(12.5)
d=481.25
find prime factors to get the inbetween numbers for product, and choose the one that has a difference of 20, and it should be 5 and 25, both requirements are met.
twelve multiplied by six equals seventy two. Three multiplied by two equals six. Therefore seventy-two plus six equals seventy-eight
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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