Miremba is single and has taxable income of $92,616. For that income, determine tax liability using the
Question:
Miremba is single and has taxable income of $92,616. For that income, determine tax liability using the Tax Tables and using the Tax Rate Schedule. Why is there a difference between the two amounts?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
Mirembas tax using the tax tables is 16251 Tax using the tax rate schedules ...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Fundamentals Of Taxation 2022
ISBN: 9781264209408
15th
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander
Question Posted:
Students also viewed these Business questions
-
Cameron is single and has taxable income of $59,692. Determine his tax liability using the Tax Tables and using the Tax Rate Schedule. Why is there a difference between the two amounts?
-
Cameron is single and has taxable income of $84,192. Determine his tax liability using the Tax Tables and using the Tax Rate Schedule. Why is there a difference between the two amounts?
-
Cameron is single and has taxable income of $93,341. Determine his tax liability using the Tax Tables and using the Tax Rate Schedule. Why is there a difference between the two amounts?
-
In 1789, Henry Cavendish estimated the density of the earth by using a torsion balance. His 29 measurements follow, expressed as a multiple of the density of water. (a) Calculate the sample mean,...
-
Diamond Supply Company had the following transactions in 2016: 1. Acquired $50,000 cash from the issue of common stock. 2. Purchased $120,000 of merchandise for cash in 2016. 3. Sold merchandise that...
-
Use the original schedule of cash receipts completed in Exercise E22-26, Requirement 1, and the schedule of cash payments completed in Exercise E22-27 to complete a cash budget for Marcel Company for...
-
How to draft a demand letter?
-
Underestimated Inc.s common shares currently sell for $36 each. The firms management believes that its shares should really sell for $54 each. If the firm just paid an annual dividend of $2 per share...
-
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2021 Cash flows from operating activities Profit before interest and tax/Operating profit Adjustments to convert to cash from operations Non-cash...
-
The Wilson Company's marketing manager has determined that the price elasticity of demand for its product equals - 2.2. According to studies she carried out, the relationship between the amount spent...
-
Determine the tax liability, marginal tax rate, and average tax rate (rounded to two decimal places) in each of the following cases. Use the tax tables to determine tax liability. a. Single taxpayer,...
-
Sandra, a single taxpayer, has taxable income of $79,293. Using the tax tables, she has determined that her tax liability is: a. $9,115. b. $11,737. c. $13,189. d. $13,193.
-
Use the following data to construct a stock bar chart for the 5-day period. Day Open Close High LowVolume 1 59.75 59.60 60.00 59.22 7,900,000 2 59.15 60.20 60.50 59.15 8,000,000 3 60.00 59.58 60.61...
-
What two key factors determine the factory overhead application rate for a period? Why are these factors important?
-
Attend a professional or collegiate sporting event and describe all the forms of advertising you observe. Which forms of advertising do you feel are particularly effective, and why?
-
Describe how costs are allocated under the direct method, the step method, and the algebraic method.
-
Design a creative advertising strategy to increase participation in Little League Baseball.
-
Discuss, in detail, the major objectives of sports sponsorship from the perspective of the sponsoring organization.
-
An entity is converting its accrual-based accounting records to a cash basis. The amount of $53 000 (including $7000 depreciation) was shown as 'Other expenses' in the income statement. On inspection...
-
Accounting policies and practices that are most important to the portrayal of the companys financial condition and results, and require managements most difficult, subjective, or complex judgments...
-
Why might a district courts opinion regarding a tax decision be more likely to be reversed on appeal?
-
What is a Treasury Regulation? What are the four types of regulations and how do they differ?
-
What is the difference between a Revenue Ruling and a Revenue Procedure? How does the level of authority of a ruling or procedure compare with regulations and statutory authority?
-
On January 1, 2021, Archie Co. acquired 80% of the equity interests of Aleman, Inc. in exchange for cash. Because the former owners of Aleman needed to dispose of their investments in Aleman by a...
-
On January 1, 2021, Archie Co. acquired 80% of the equity interests of Aleman, Inc. in exchange for cash. Because the former owners of Aleman needed to dispose of their investments in Aleman by a...
-
Find the value of each variable. 32 b 450 30 C d a= = 0, , b = , c = , and d = | (Simplify your answers. Type exact answers, using radicals as needed.)
Study smarter with the SolutionInn App