Posted by **kelly** on Friday, June 20, 2008 at 9:33am.

mr allen has a wife and 3 kids,his salary for 2007 was 7500 per month

He has a husband allowance of $10,000

a wife allowance $5000

each child allowance $2500

22% of the taxable income

Taxable income =Annual Salary-Total allowances

1)Calculate Mr Allens income tax for 2007

2)what % of Mr Allen's annual salary was paid in come tax?

## Answer This Question

## Related Questions

- Mathematics - Mr.Allen has a wife and 3 kids.His monthly salary during the year ...
- accounting - In 2007, Paul who is single has a comfortable salary from his job ...
- Economics - Mallory's total income last year was $24,000, but she could deduct $...
- Finance - Compute taxable income. gross salary 46,660 interest earnings 225.00 ...
- Income tax / Accounting - Computation of taxable income: The following ...
- ACC233- INCOME TAX - Computation of taxable income: The following information ...
- accounting - Gross salary $41,780 Interest earnings $225 Dividend income $80 One...
- Calculus - New York state income tax is based on taxable income which is part ...
- Business Maths - How do i calculate this problem. In 2007 the Pearl Boutique had...
- College Algebra - The value of the expression (4220 + 0.25 (x - 30,650) is the ...

More Related Questions