Calculate the personal income tax by the template as provided: Mr. A works alone in a...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Calculate the personal income tax by the template as provided: Mr. A works alone in a family, his wife is wifehouse, and he has 3 childrens His revenues and Expenses in 2021 as follows: Monthly Salary Expenses - Provident Fund - Annual Life Insurance Fee Calculation: Total Social Security Fund Contribution Annual Income Less Expenses Income after expense deduction Less Allowances - Personal Allowance - Spouse Children Provident Fund - Annual Life Insurance Fee Total Social Security Fund Contribution 100,000 6,000 10,000 12,000 Exempt Net Income for Tax Calculation Tax Rate: How much does Mr. A need to pay for the personal income tax? THB THB THB THB 150,000 THB THB THB THB THB THB THB THB THB THB Types of income (baht) 1. Employment income 2. Rents and prizes 3. Ship rental charges 4. Service and professional fees 5. Public entertainer remuneration - Thai resident - non resident 6. Advertising fees Withholding tax rate (baht) 5-37% 5% 1% 3% 5% 5-37% 2% Calculate the personal income tax by the template as provided: Mr. A works alone in a family, his wife is wifehouse, and he has 3 childrens His revenues and Expenses in 2021 as follows: Monthly Salary Expenses - Provident Fund - Annual Life Insurance Fee Calculation: Total Social Security Fund Contribution Annual Income Less Expenses Income after expense deduction Less Allowances - Personal Allowance - Spouse Children Provident Fund - Annual Life Insurance Fee Total Social Security Fund Contribution 100,000 6,000 10,000 12,000 Exempt Net Income for Tax Calculation Tax Rate: How much does Mr. A need to pay for the personal income tax? THB THB THB THB 150,000 THB THB THB THB THB THB THB THB THB THB Types of income (baht) 1. Employment income 2. Rents and prizes 3. Ship rental charges 4. Service and professional fees 5. Public entertainer remuneration - Thai resident - non resident 6. Advertising fees Withholding tax rate (baht) 5-37% 5% 1% 3% 5% 5-37% 2%
Expert Answer:
Answer rating: 100% (QA)
SOLUTION IN STEPS To calculate the personal income tax for Mr A we need to follow these steps 1 Dete... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these accounting questions
-
Find the derivative of f(x) f'(x) = 4 -5x = 2 + 3x + 4
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Businesses use budgets to plan for the future. Thats what you will be doing for this assignment. Rather than budgeting for your current financial situation, I want you to put together a budget for...
-
A garden has an area of 320 ft 2 . Its length is 4 ft more than its width. What are the dimensions of the garden? X x +4 X
-
What potential disadvantages does the 'work out' approach seem to have?
-
Refer to the Real World Case on BPs IT transformation in the chapter. Dana Deasy discusses the long-term benefits of embedded IT while noting the need to centralize the department in the short term....
-
Determine if \(\frac{8}{14}\) and \(\frac{12}{26}\) are equivalent fractions.
-
Rondeli Company manufactures bicycles and tricycles. For both products, materials are added at the beginning of the production process, and conversion costs are incurred uniformly. Rondeli Company...
-
You are analyzing a firm and find that its receivables turnover is decreasing. Are you concerned, and if so, why? . Yes, because the firm is taking too long to collect its receivables O No, this i...
-
Aubrae and Tylor Williamson began operations of their furniture repair shop (Furniture Refinishers, Inc.) on January 1, 2019. The annual reporting period ends December 31. The trial balance on...
-
You have been presented with estimated after-tax operating income and working capital requirements on a project that has a five-year life. 1 2 3 4 5 After-tax Operating Income $100 $120 $135 $145...
-
A company bought machine on July 1, 1998 at a list price of Rs.80, 000. Trade discount availed 10%. Credit term is 2.5/10, n/45. Company paid following expenses: Installation charges Foundation...
-
Ethical Leadership and several peripheral topics include Authentic Leaders, Transformational Leaders, Followship, Leadership, and Servant Leadership. How can the characteristics of a servant leader...
-
What command in DDL do you use to create the database structure and tables, and what DML command do you use to populate the data into the table you built?
-
The data below belongs to High Veld Construction. Using the data in the table develop a work breakdown structure. Tack Name Duration Construction of a house 32 days? Design 5 days? 3 days 5 days 3...
-
Two uncharged spheres are separated by 2.60 m. If 2.60 1012 electrons are removed from one sphere and placed on the other, determine the magnitude of the Coulomb force (in N) on one of the spheres,...
-
Jack, age 30 and married with no dependents, is a self-employed individual. For 2021, his self-employed business sustained a net loss from operations of $10,000 from operations. The following...
-
Nike manufactures shoes and sportswear. How has the Internet changed the way this company communicates with its suppliers and retail customers?
-
Steve Drake sells a rental house on January 1, 2012, and receives $130,000 cash and a note for $55,000 at 10 percent interest. The purchaser also assumes the mortgage on the property of $45,000....
-
How much of each of the following prizes or awards is taxable? a. Cheline received a $50,000 gift bag at the Oscars in 2012. b. Jon received a gold watch worth $350 for 25 years of service to his...
-
Diego, age 28, married Dolores, age 27, in 2012. Their salaries for the year amounted to $46,479 and they had interest income of $3,500. Diego and Dolores' deductions for adjusted gross income...
-
11. ROLE REVERSAL Draft a multiple-choice question that focuses on the difference between an LLC and an S corporation. 2. Result: An S corporation can have only one class of stock. A partnership...
-
At http://ftc.gov, the Federal Trade Commission provides information on enforcement cases it has brought against franchisors who violate FTC rules. Do you see a pattern? Are some violations more...
-
1. Michael Ferns incorporated Erin Homes, Inc., to manufacture mobile homes. He issued himself a stock certificate for 100 shares for which he made no payment. He and his wife served as officers and...
Study smarter with the SolutionInn App