Monday
October 20, 2014

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?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

maths - mr allen has a wife and 3 kids,his salary for 2007 was 7500 per month He...
GP Calculus - Muthu started working at a company on 1 January 2002 with an ...
Personal finances - Calculating future value if salary. During a job interview, ...
Math(Ms.Sue) only please - Ms.Sue i have one more question what is the Biweely ...
Personal Finance - NEED HELP IMMEDIATELY, HAVE UNTIL 10P.M. CENTRAL TO HAVE ...
Finance - A job pays a salary of 35,000 the first year. During the next 10 years...
Maths - Mr T's salary is $800 less than 3 times of his wife's salary. His wife's...
math - Allen was earning $30,000 working for a small business. The business had ...
Math 156 - Allen was earning $30,000 working for a small business. The business ...
introduction to finance - 2. Value of salary during a job interview. Pam ...

Search
Members