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Lesson 11 Question 2
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- Calculate Your Taxes To find your net pay, you'll need to first calculate your taxes. Start period 02 | 01|2019 End period 02 | 15| 2019 Find the tax percentages for each type of tax on your pay stub and insert them here. Then, press the calculate button when you're ready. Gross Pay $1,837.00 Earnings Taxes Deductions FEDERAL % of $1,837.00 $1,837.00 Federal (8.24%) FICA Medicare (1.45%) FICA MEDICARE % of $1,837.00 FICA Social Security (6.20%) FICA SOCIAL SECURITY % of $1,837.00 State - OK (3.86%) STATE % of $1,837.00 Total Disclaimer: Tax numbers are for illustrative purposes only. Net Pay CalculateDo you own a home?If yes, how much property tax you pay? From the township, you must have received a letter indicating how much property tax you paid last year and what is the accessed value your property for this year. Does this letter contain fair market value, assessment rate and property tax rate for your property? Comment on why this amount varies from one township to another. If you do not own a home, investigate the same thing from someone you know who owns a house."Income taxes are based on a company's taxable income" Is this statement true or false?
- A Government Organization purchase furniture from ABC Organization of worth 10,0000,in this case who will deduct the income and sales tax and how much in a tax year 2020-2021What are the procedures of Individual Income Taxes?Federal excise taxes on gasoline vary widely across the developed world. The United States has the lowest taxes at USD $0.40 per gallon (or £0.07 per liter), Canada has taxes of $0.60 per gallon, Japan and much of Europe is $2.00 per gallon, while Britain has the highest tax at $2.83 a gallon or £0.5 per liter. If gasoline taxes are intended to reduce the time losses from road congestion in urban environments and gasoline pre-tax costs about £0.40 per liter, why might the optimal tax in Canada be 50 percent higher than in the United States? What would be an explanation for why adjacent countries would have such different estimates of the price elasticity of demand for auto driving?16
- What is the formula/ way to include tax into these equations. I’m not sure how to graphHow do you give an example of the sale price of an item and the total cost including sales tax if the tax rate is 5.75% and the item is 25% off-Discuss the effects of direct taxes on consumer behavior. (It should be composition and it should include minimum 200 words.)