# tax

3,193 results

### government(taxes)

I am looking for a list of California state taxes. So far this all I have: 1) Sales Tax 2) Trash tax 3) Electricity tax 4) State income tax 5) Gasoline tax 6) Property tax 7) Federal telephone excise tax 8) Excise tax 9) social security tax 10) environmental tax 11) gift tax ...

### Economics

Which of the following is usually the most regressive tax? A. Inheritance tax B. Income tax C. Property tax D. General sales tax E. Luxury tax

### Math Tax Rates/Percents

Calculate the tax for each given rate. Select the rates with tax greater than $3. $45: Tax- 7% $80: Tax- 2.9% $66: Tax- 10% $29: Tax- 11% $55: Tax- 4.5% My answers: The first one The third one The fourth one Am I correct??

### Tax

Anyone knows what's the tax rate in Minnesota? I don't know the name of the tax, but I meant the tax you got taken away from your check when you work. Income tax? I web site with various tax rates corresponding to different level of income earned would be nice. Thanks ahead!

### tax

In which of the following situations would a taxpayer be better off to take the foreign taxes paid as an itemized deduction rather than as a foreign tax credit? A. The foreign tax paid was less than 10% of AGI B. The foreign tax paid was to a South American country C. The ...

### debate

1. What are the advantages of our current tax system? What are the disadvantages? 2. What groups are hurt most by a “flat tax?” What groups profit the most? 3. Explain what tax deductions, tax credits, and tax shelters are (look them up if necessary). Why has the ...

### Taxtation

Another client, Ms. Dunham, has asked you to help her understand how her tax is computed. You need to provide Ms. Dunham with the following: An example of how to calculate the tax liability using the tax rate table and the tax rate formula for a taxpayer with taxable income of...

### economic

Do a google search on the concept of a “flat tax.” Explain how this tax scheme works and does it meet the criteria of tax efficiency and tax fairness/equity?

### Economics

What describes a tax that is assessed according to benifits received principle? a.) Thosew who receive direct payment of the money tha tax generates are the people who pay the tax b.) Those who pay the tax receive the benifits the tax provides. c.)One group receives benefits ...

### income tax

In which of the following situations would a taxpayer be better off to take the foreign taxes paid as an itemized deduction rather than as a foreign tax credit? A. The foreign tax paid was less than 10% of AGI B. The foreign tax paid was to a South American country C. The ...

### englewood

The gross income of Ginger Hughes is $215 per week. Her deductions are: $15.16, FICA tax; $29.33, income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is her net income?

### Finance

If I have $40,000 of pre-tax what are the differences between $1,000 tax credit versus a $1,000 tax deduction for a single taxpayer in the 25% tax bracket?

### math

Find the sales tax rate in your area. Using this tax rate, write a linear equation representing the total with tax for a purchase of x dollars. Use this equation to determine what the pre-tax cost of the item is if the total cost with tax is $10.

### math 3

The gross income of Ginger Hughes is $215 per week. Her deductions are: $15.16, FICA tax; $29.33, income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is her net income? Please explain to me

### Economics

A tax imposed on a maket with an inelastic demand and an elastic supply will cause: a)sellers to pay the majority of the tax b)buyers to pay the majority of the tax c)the tax burden to be w

### Economics

A tax imposed on a market with an inelastic demand and an elastic supply with cause: A)sellers to pay the majority of the tax B)buyers to pay the majority of the tax C)the tax burden to be equally devided between buyers and sellers D)the tax burden to be divided, but it cannot...

### Accounting Tax

A taxable corporation faces a flat 35% marginal tax rate. What is the tax savings from an additional $100,000 deduction?

### math

Maribel's city imposes a tax that is 40% of the state tax she pays. Her taxable income is $198.50 per week. Her state imposes tax at a rate of 5%. How much state and local tax is withheld from her weekly pay?

### homework

Maribel's city imposes a tax that is 40% of the state tax she pays. Her taxable income is $198.50 per week. Her state imposes tax at a rate of 5%. How much state and local tax is withheld from her weekly pay?

### math

Maribel's city imposes a tax that is 40% of the state tax she pays. Her taxable income is $198.50 per week. Her state imposes tax at a rate of 5%. How much state and local tax is withheld from her weekly pay?

### math

Maribel's city imposes a tax that is 40% of the state tax she pays. Her taxable income is $198.50 per week. Her state imposes tax at a rate of 5%. How much state and local tax is withheld from her weekly pay?

### consumer math

Maribel's city imposes a tax that is 40% of the state tax she pays. Her taxable income is $198.50 per week. Her state imposes tax at a rate of 5%. How much state and local tax is withheld from her weekly pay?

### math

3. The gross income of David Vaughn is $785 per week. His deductions are $42.25, FICA tax; $90.33, income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is her net income for one week? A. $675.32 B. $628.77 [C. $605.32] D. $749.77

### tax

I have two questions relating to taxes in 2 U.S. states. 1) Why is there no sales tax in Florida? 2) In Pennsylvania, why are these goods (ex. food, clothing, shoes) charge no tax?

### Consumer math

1. The gross income of David Vaughn is $785 per week. His deductions are $42.25, FICA tax; $90.33, income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is her net income for one week? A. $605.32 B. $749.77 C. $675.32 D. $628.77 A?

### math

Mega Mart collects sales tax equals to 1/16 of the retail price. Is the amount of tax collected proportional to the cost of an item before tax is added

### math

alisha goes to a supermarket and bought things worth rs 60 out of which 40Ps went on sales tax.if tax rate is 10% then what was cost of tax free items? (55.60)

### math

alisha goes to a supermarket and bought things worth rs 60 out of which 40Ps went on sales tax.if tax rate is 10% then what was cost of tax free items?

### programming

a sales report. Each record in the file contains a customer's number and name, a sales amount and a tax code. The tax code is to be applied to the sales amount to determine the sales tax due for that sale, as follows: Tax code Sales tax 0 Tax exempt 1 3% 2 5% The report is to ...

### Programming c++

a sales report. Each record in the file contains a customer's number and name, a sales amount and a tax code. The tax code is to be applied to the sales amount to determine the sales tax due for that sale, as follows: Tax code Sales tax 0 Tax exempt 1 3% 2 5% The report is to ...

### 7th grade Math

MegaMart collects a sales tax equal to 1/16 of the retail price of each purchase and sends this money tp the state government. a. Is the amount of tax collected proportional to the cost of an item before tax is added? b. Is the amount of tax collected proportional to the cost ...

### math please help ms.sue

MegaMart collects a sales tax equal to 1/16 of the retail price of each purchase and sends this money to the state government. a. Is the amount of tax collected proportional to the cost of an item before tax is added? b. Is the amount of tax collected proportional to the cost ...

### Macroeconomic

1. An example of an automatic stabilizer is A. a temporary tax rebate. B. the progressive income tax.Student Response C. cost of living adjustments to social security payments. 2. Which of the following represent expansionary fiscal policy? A. an increase in average individual...

### Accounting

pierce co has a june 30 fiscal year end. it estimated its annual property taxes to be 24000 based on last year's property tax bill and have accrued 2000 of property tax each month to marcher 31. its actual property tax assessment, received on april 30 is 25200 for the calendar...

### Math

Sue bought a new dress while on holiday in the USA. The sales tax was 8%. If she was paid $6.40 tax, and if she was charged 15% duty on the original purchase (before tax), how much did she pay in all?

### Tax

Hamad is an employee of Mountain Company. He properly completed his Form 1040EZ tax return and was required to pay the IRS $1,244 at the time of filing. He had income tax withholding during the year of $4,782. His tax liability for the year was: A. $1,244. B. $3,538. C. $4,782...

### Tax

Hamad is an employee of Mountain Company. He properly completed his Form 1040EZ tax return and was required to pay the IRS $1,244 at the time of filing. He had income tax withholding during the year of $4,782. His tax liability for the year was: A. $1,244. B. $3,538. C. $4,782...

### Sales tax

tom paid 695.5 for a tv when 7% sales tax was included in that price what was the price of the tv before the tax and how much sales tax did tom pay? You can set it up this way: 1.07x = 695.5 x = _______ That will tell you the price of the TV. The difference between 695.5 and ...

### More math

Calculate the simple interest for each situation. Choose THREE that have a simple interest greater than $800.00. a. $2,000.00 at 6% for 7 years *** b. $4,500.00 at 3% for 6 years *** c. $1,400.00 at 6% for 9 years d. $5,000,00 at 7% for 3 years *** e. $800.00 at 15% for 5 ...

### More math

Calculate the simple interest for each situation. Choose THREE that have a simple interest greater than $800.00. a. $2,000.00 at 6% for 7 years *** b. $4,500.00 at 3% for 6 years *** c. $1,400.00 at 6% for 9 years d. $5,000,00 at 7% for 3 years *** e. $800.00 at 15% for 5 ...

### Economics

What happens to the percentage of an income that is taxed when income rises and the tax is a proportional one? A. The percentage of tax falls. B. The percentage of tax rises. C. The percentage rises and then falls. D. The percentage of tax stays the same. I'm guessing the tax ...

### Can someone help me on math?

Calculate the simple interest for each situation. Choose THREE that have a simple interest greater than $800.00. a. $2,000.00 at 6% for 7 years *** b. $4,500.00 at 3% for 6 years *** c. $1,400.00 at 6% for 9 years d. $5,000,00 at 7% for 3 years *** e. $800.00 at 15% for 5 ...

### Eko

MegaMart collects a sales tax equal to 1/16 of the retail price of each purchase and sends this money to the state government. .Is the amount of tax collected proportional to the cost of an item after tax has been added?

### Simple math

If Kristin buys gas at $2.69 per gallon, which includes all taxes, what percentage of the price is the state tax? What percentage is the federal tax The state tax is .8 and federal tax is .18. So would I multiply each by the total amount the gas cost?

### Economics

A monopolist is in long-run equilibrium and earning economic profits equal $100 million. The government imposes a lump sum tax of $100 million on the monopolist. (A limp sum tax is a tax the monopolist must pay regardless of its level of output) Will this tax: a) cause the ...

### Math

1. An assessment rate is 47%. The property tax is $39.94 per $1,000. What is the effective tax rate? Round to the nearest tenth of percent. 2. A property tax rate is $7.79 per $100 of assessed value. what is the tax rate as a decimal? Please help.

### Math

The annual real estate tax on a duplex house is $20,913 and the owner sell the house after 9 months of the tax year. How much annual tax will the seller pay? How much tax will the buyer pay?

### math

Lindsay's estimated tax payment for the first quarter. She is self-employed and she expects to earn $78,080 this year. Her estimated income tax rate is 24%. For self-employed persons, social security tax is 12.4% of wages up to $106,800, and Medicare tax is 2.9% of all wages.

### programming

Design a program and write program that will read a file of sales records and produce a sales report. Each record in the file contains a customer's number and name, a sales amount and a tax code. The tax code is to be applied to the sales amount to determine the sales tax due ...

### rpost

Laura is selfemployed and expects to make $96,000 her social security tax is 12.4% up to the wage base, medicare is 2.9% and her estimated federal tax rate is 25% what is Lauras expected tax payment for the fourth quarter. would it be $9,672.00

### accounting-income tax

During the current year, Deborah Baronne, a single individual, paid the following amounts: Federal income tax $10,000 State income tax $4,000 Real estate taxes on land $1,400 State sales tax $2,000

### Math

What is the FCIA tax (assuming a 7.05% rate) on a weekly paycheck of $398.00? What is the sales tax of 5% on a purchase of $6.71? What is the property tax of 1.6% on property assessed at $60,000? Please help i am very stuck on these!!!!

### Math

Mike went to the bakery and bought eatables worth $ 25, out of which 30 cents went on sales tax on taxable purchases. If the tax rate was 6%, then what was the cost of the tax free?

### Math

Mike went to the bakery and bought eatables worth $ 25, out of which 30 cents went on sales tax on taxable purchases. If the tax rate was 6%, then what was the cost of the tax free?

### math

Compute Mike's estimated tax payment for the fourth quarter. He is self-employed and he expects to earn $20,640 this year. His estimated income tax rate is 18%. For self-employed persons, social security tax is 12.4% of wages up to $106,800, and Medicare tax is 2.9% of all wages

### math

Compute Mike's estimated tax payment for the fourth quarter. He is self-employed and he expects to earn $20,640 this year. His estimated income tax rate is 18%. For self-employed persons, social security tax is 12.4% of wages up to $106,800, and Medicare tax is 2.9% of all wages

### Math

Compute Adela's estimated tax payment for the second quarter. She is self employed and she expects to earn $93,440 this year. Her estimated income tax rate is 25%. For self employed persons, social security tax is 12.4% of wages up to $106,800, and Medicare tax is 2.9% of all ...

### math

Compute Mary's estimated tax payment for the first quarter. She is self-employed and she expects to earn $61,440 this year. Her estimated income tax rate is 22%. For self-employed persons, social security tax is 12.4% of wages up to $106,800, and Medicare tax is 2.9% of all ...

### income tax

Hamad is an employee of Mountain Company. He properly completed his Form 1040EZ tax return and was required to pay the IRS $1,244 at the time of filing. He had income tax withholding during the year of $4,782. His tax liability for the year was: A. $1,244. B. $3,538. C. $4,782...

### math

compute Sun Jung's estimated tax payment for the second quarter. She is self-employed and she expects to earn $61,760 this year. Her estimated income tax rate is 23%. For self-employed persons, social security tax is 12.4% of wages up to $106,800, and Medicare tax is 2.9% of ...

### math

Compute Sun Jung's estimated tax payment for the second quarter. She is self-employed and she expects to earn $61,760 this year. Her estimated income tax rate is 23%. For self-employed persons, social security tax is 12.4% of wages up to $106,800, and Medicare tax is 2.9% of ...

### Business Math

Compute Brianna's estimated tax payment for the third quarter. She is self-employed and she expects to earn $84,400 this year. Her estimated income tax rate is 22%. For self-employed persons, social security tax is 12.4% of wages up to $106,800, and Medicare tax is 2.9% of all...

### Math

Tai went to a shopping mall. He spent $25.75 on a chirt, $15.49 on a hat and $9.95 on a poster, before tax. tax was 8.25% on all purchase. What was the total cost of tai's purchases, including tax? How do I do this?

### math

mike went to the bakery and bought eatable worth 25$, out of which 30 cents went on sales tax on taxable purchases. if the tax rate was 6%, then what was the cost of the tax free items?

### math

how do I compute sales tax? $1,367.85. sales tax rate is 5.75%. also, how do I add in city tax?

### math

A group of friends went to lunch. The bill, before sales tax and tip, was $37.50 . A sales tax of 8% was added. The group then tipped 18% on the amount after the sales tax was added. What was the amount, in dollars, of the sales tax? What was the total amount the group paid, ...

### Public Finance

Suppose the corporate income tax were eliminated and corporate income allocated to shareholders on a pro rata basis according to their proportion of outstanding stock. How would such a change in tax policy affect the excess burden and incidence of the tax, assuming that all ...

### Texas Government

the excise tax on gasoline is an example of a tax based on a benefit received rather than on the ability to pay. a. yes b. no This is obviously Yes since in the book it says >> For many governments the primary source of revenue is taxes, which in turn can take many forms...

### Computer Science

Design a program that will ask the user to enter the amount of a purchase. The program should the compute the state and county sales tax. Assume the state sales tax is 4 percent and the county sales tax is 2 percent. The program should display the amount of the purchase, the ...

### math (sales tax)

Jill bought supplies at a hardware store that cost $41.75. If she paid sales tax of $1.67, what was the sales tax rate?: * 5.5% 5.0% 4.5% 4.0% Please explain, thanks.

### Math

please check my answer thanks :) The sales tax is 7% The purchase including sales tax is $676.24 what was tha total amount of sales tax ? I got $47.34

### home economics

illustrate each policy in a supply and demand digram of the gun market. a. a tax on gun buyers, b. a tax on gun sellers, c. a price floor in guns , d. a tax on ammunition

### algebra

i did not get a response so i am rewording question . please help if you can. thanks ann store A charges 9.75% tax store B charges 7.25% tax If a shopper's pre tax receipt is between $11.57 and $81.43, write a compound inequality that describes the difference in taxes paid for...

### Economics-Tax Question

I know the answer to the following question is either (c) regressive tax augement or (d) the ability-to-pay principal. I am not sure which one? "A $1,000.00 tax paid by a poor person may be a larger sacrifise than a $10,000 tax paid by a wealthy person" is an argrment based on...

### economics

Payroll Tax- You are an economic consultant to a city that just imposed a payroll tax of $1 per hour of work. This payroll tax is paid by workers through a payroll deduction; for each hour of work, the employer deducts $1 and sends the money to the city government. The initial...

### Economics

Suppose that the equilibrium quantity in the market for widgets has been 200 per month. Then a tax of $5 per widget is imposed on widgets. The price paid by buyers increases by $2 and the after-tax price received by sellers falls by $3. The government is able to raise $750 per...

### Social Studies

South Carolina raised additional funding for public education by a. Charging tuition for students b. Implementing a sales tax c. Applying a tax to college tuition d. Requiring new business to pay a tax I think it's b?

### Economics

The marginal tax rate is defined as the extra taxes paid on additional income divided by the increase in income. Calculate the marginal tax rate for the proportional tax system as income rises from $50,000 to $100,000. Calculate the marginal tax rate as income rises from $100,...

### Public Finance

A worker lives in a state that has its own income tax. The worker is in the 31 percent federal tax bracket. In addition, he is subject to a 9 percent MTR for his state income tax. Assume that mortgage interest is deductible both on his federal and state income tax, and that ...

### public finance

A worker lives in a state that has its own income tax. The worker is in the 31 percent federal tax bracket. In addition, he is subject to a 9 percent MTR for his state income tax. Assume that mortgage interest is deductible both on his federal and state income tax, and that ...

### Finance

Calculate die after-tax cost of debt under each of the following conditions: a. Interest rate of 13%, tax rate of 0% b. Interest rate of 13%, tax rate of 20% c. Interest rate of 13%, tax rate of 35%

### Math

Midtown Antiques collects 4% sales tax on all sales. If total sales including tax are $1058.30, find the portion that is the tax. Round your answer to the nearest cent. A)$40.70 B)$42.33 C)$1017.60 D)$30.70 E) none of the above

### math

Juanita is the self-employed owner of Juanita's Linens. Her estimated annual earnings are $73,040 and she expects to pay 27% of this amount in income tax. What will be her quarterly estimated tax payment for the third quarter? (For self-employed persons, social security tax is...

### math

Scott Stewart is the self-employed owner of Stewart Software. His estimated annual earnings are $48,000 and he expects to pay 18% of this amount in income tax. What will be his quarterly estimated tax payment for the second quarter? (For self-employed persons, social security ...

### business math

Juanita is the self-employed owner of Juanita's Linens. Her estimated annual earnings are $73,040 and she expects to pay 27% of this amount in income tax. What will be her quarterly estimated tax payment for the third quarter? (For self-employed persons, social security tax is...

### math

For its fleet of trucks, Overland Transport, Inc., purchased 580 tires rated at 50 pounds each. The tires had a retail price of $85 each. The sales tax in 4.5%, and the federal excise tax is $0.15 per pound. A. What are the amount of sales tax per tire and the total sales tax...

### math

For its fleet of trucks, Overland Transport, Inc., purchased 580 tires rated at 50 pounds each. The tires had a retail price of $85 each. The sales tax in 4.5%, and the federal excise tax is $0.15 per pound. A. What are the amount of sales tax per tire and the total sales tax...

### math

For its fleet of trucks, Overland Transport, Inc., purchased 580 tires rated at 50 pounds each. The tires had a retail price of $85 each. The sales tax in 4.5%, and the federal excise tax is $0.15 per pound. A. What are the amount of sales tax per tire and the total sales tax...

### Math

darry and nay eat dinner at a restaurant with 6% sales tax. They leave an 18% tip on the pre tax amount of the bill. If they paid a total of 37.20, what was their pre tax bill?

### math

zoomer bix plans to but a microcomputer that costs $690, excluding sales tax. if the sales tax rate is 5 1/2% how much tax will zoomer have to pay

### tax accounting

bruce wilson won 2 million in the state lottery. the lottery pays out the prize money in 20 annual installments of 100,000 each. After receiving three 100,000 installments, bruce sold the remaining 1.7 million of payments for 1 million. He wants to report the 1 million as long...

### math

a income of 63000.00 his social security tax is 12.4%, medicare is 2.9% and his estimated federal income tax rate is 22%. how much quarterly estimated tax must his send to the irs for the quarter

### math

A community is considering increasing the sales tax rate 0.5% to fund a new sports arena. If the tax rate is raised, how much more will you pay in sales tax on $500?

### Math

Monica paid sales tax of $1.50 when she bought a new bike helmet. If the sales tax was 5% how much did the store charge for the helmet before tax?

### business

Most people pay federal income tax by: A. paying the total amount owed by April 15. B. filing quarterly tax payments. C. having amounts withheld from income. D. earning tax credits for various deductions. I chose d. But I am not sure

### Social Studies

what was the flaw in the act passed by congress that established a tax on whiskey? a. it rewarded farmers who grew corn b. it did not spread the tax burden evenly** c. it was similar to taxes britan had proposed d. it had to be collected in person by tax collectors

### Economics

The Keynesian Multiplier under lump sum taxes A. Smaller than that under proportional tax B. Equal to that under proportional tax C. Larger than that under proportional tax D. Can be larger or smaller depending upon the size of the tax Choose the right answer from A, B, C or D?

### math

One of the advantages of borrowing is that interest is deductible for income tax purposes. a. If a company pays 8 percent interest to borrow $500,000, but is in an income tax bracket that requires it to pay 40 percent income tax, what is the actual net-of-tax interest cost ...

### Finance Accounting

One of the advantages of borrowing is that interest is deductible for income tax purposes. a. If a company pays 8 percent interest to borrow $500,000, but is in an income tax bracket that requires it to pay 40 percent income tax, what is the actual net-of-tax interest cost ...