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sleet_krkn [62]
2 years ago
5

Georgia’s gross pay was $35,600 this year. She is to pay a federal income tax of 16%. How much should Georgia pay in federal inc

ome tax this year? Round to the nearest dollar. $29. 90 $569. 00 $5,696. 00 $29,904. 0.
Business
1 answer:
jasenka [17]2 years ago
3 0

Gross income is different from Taxable Income. There are deductions that must be deducted from gross income to arrive at the taxable income.

<h3>Federal income tax this year</h3>

Correct option is C.

Georgia pay in federal income tax this year "$5,696. 00"

In order to find federal income tax, calculate adjusted gross income.

Then from adjusted gross income,  subtract exemptions and deductions to get your taxable income.

Only 11 % of the people who belong to the age group 25-55 years do not pay federal income tax while more than 80% who belong to the age group of 75 years or older also do not pay tax.

Georgia's gross pay 35,600 this year.

Rate of federal income tax = 16%

Hence, amount paid by Georgia = 16/100×35,600 =$5696

Learn more about Gross income, refer to the link:

brainly.com/question/547727

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Tarihteki ilk padişah kimdir?​
Mnenie [13.5K]

Answer:

1osman Gazi bey dir

2Orhan bey gelir

3Murat Hüdâvendigâr, Şehit

4Bayezid Yıldırım, Sultân-î İklim-i Rûm

5 0
3 years ago
Dercole Corporation uses activity-based costing to assign overhead costs to products. Overhead costs have already been allocated
sineoko [7]

Answer:

$35,706

Explanation:

Machining:  

= Cost ÷ Total MHs

= $43,200 ÷ (7,300 + 2,700) MHs

= $43,200 ÷ 10,000 MHs

= $4.32 per MH

Order Filling:

= cost ÷ Total orders

= $13,900 ÷ (600 + 1,400) orders

= $13,900 ÷ 2,000 orders

= $6.95 per order

Overhead cost for Product N8:

= Machining + Order Filling

= ($4.32 per MH × 7,300 MHs) + ($6.95 per order × 600 orders)

= $31,536 + $4,170

= $35,706

8 0
3 years ago
Which of the following is NOT a repayment plan option?
max2010maxim [7]

Answer: Loan forgiveness repayment plan.

Explanation:

The Extended Repayment Plan: This is a repayment plan option whereby the loan can be paid back for a period of about 25 years.

The Income-Sensitive Repayment Plan: This is a repayment plan option for those who want low income. Here, payment can either increase or reduce based on what the person earns annually.

The Graduated Repayment Plan: This is a repayment plan option which increases every two years.

The loan forgiveness repayment plan is not a repayment plan option.

4 0
3 years ago
The GUI of this OS was nicknamed AERO. Windows 98 Windows Millennium Edition Windows Vista Windows XP
Leona [35]

Answer:

Windows Vista

Explanation:

Windows Vista is an operating system created by Microsoft for personal computers including laptops, tablets, desktops. It has a graphical user interface visual which is called AERO.

AERO is the acronym for authentic, energetic, reflective and open. AERO graphical user interface was clearer and had more animations than previous created windows at that time causing it to have high video hardware requirements than the operating OS at the time.

5 0
3 years ago
Mortech Company had net income of $250,000 based on variable costing. Beginning and ending inventories were 50,000 units and 48,
Roman55 [17]

Answer:

Net income under absorption costing would be $ 250,000

Explanation:

Mortech Company

Net Income variable costing  $250,000

Variable Costing                             Absorption Costing

Sales                                                 Sales

Less Variable Costs                         Less Product Costs ( Variable + Fixed)

Contribution Margin                        Gross Profit

Less Fixed Costs                            Less Period Costs ( Variable +fixed)

Net Profit                                           Net Profit

Net income under both the methods remains the same unless there is a difference in fixed costs for certain items.

8 0
4 years ago
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