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August 4, 2015

Homework Help: Mathematics

Posted by Sarah on Tuesday, June 23, 2009 at 9:03pm.

Mr.Allen has a wife and 3 kids.His monthly salary during the year 2007 was $7500.
a)Calculate his annual salary $90,000 is this right?

Information on calculating income tax for 2007 is shown in the table shown

Allowances:Husband-$10,000,Wife-$5000, Each child-$2500
Tax rate-22% of the taxable income
Taxable income = Annual Salary-Total Allowances.

b)Calculate Mr.Allen's TOTAL allowances for 2007-22,500 is this right?
c)Calculate Mr.Allen's income tax for 2007 90,000-22,500=67,500 is this right?
what percentage of Mr.Allen's annual salary was paid in come tax? how do i work this?

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