# maths

posted by .

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?

## Similar Questions

1. ### accounting

Gross salary \$41,780 Interest earnings \$225 Dividend income \$80 One person exemption \$2,650 Itemized deductions \$3,890 Adjustments to income \$1,150 What would be reported as taxable income?
2. ### accounting

In 2007, Paul who is single has a comfortable salary from his job as well as income from his investment portfolio. However, he is habitually late in filing his federal income tax return. He did not file his 2007 income tax return until …
3. ### Mathematics

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?

How do i calculate this problem. In 2007 the Pearl Boutique had net credit sales of \$750,000. On January 1, 2007, Allowance for Doubtful Accounts had a credit balance of \$16,000. During 2007, \$30,000 of uncollectible accounts receivable …
5. ### ACC233- INCOME TAX

Computation of taxable income: The following information for 2009 relates to Tom, a single taxpayer, age 18. Salary \$1,800 Intrest income \$1,600 Itemized deductions \$ 600 A. Compute Tom's taxable income assuming he is self-supporting …
6. ### Income tax / Accounting

Computation of taxable income: The following information for 2009 relates to Tom, a single taxpayer, age 18. Salary \$1,800 Intrest income \$1,600 Itemized deductions \$ 600 A. Compute Tom's taxable income assuming he is self-supporting …
7. ### Finance

Compute taxable income. gross salary 46,660 interest earnings 225.00 dividend income 80.00 one personal exemption 3,400 itemized deductions 7,820 adjustments to income 1,150 What amount would be reported as taxable income?
8. ### Calculus

New York state income tax is based on taxable income which is part of a person's total income. The tax owed to the state is calculated using taxable income (not total income). In 2005, for a single person with a taxable income between …
9. ### Economics

Mallory's total income last year was \$24,000, but she could deduct \$12,000 for various reasons. Her taxable income equals the amount left over after deductions. If she had to pay 15 percent of her taxable income in federal income tax, …
10. ### Math

Geraldine made \$140,143.11 in Employment income last year. She had investment income of \$12,383.19 and dividend income of \$4,230.12. How much income tax (include both federal and provincial) did she have to pay if she lives in Ontario?

More Similar Questions