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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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Answer:

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In an equation, it can be

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3 years ago
At the beginning of a recent year, JetBlue's assets were $6,549 million and its equity was $1,546 million. During the year, asse
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Thus, the JetBlue's equity at the end of the year is $1,654 million

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