Author Question: Thomas Clemens lives in a town that charges a 0.5 city income tax rate. How much city income tax did ... (Read 84 times)

meagbuch

  • Hero Member
  • *****
  • Posts: 568
Thomas Clemens lives in a town that charges a 0.5 city income tax rate. How much city income tax did he owe last year if he had federal taxable income of 45,883?

Question 2

Peter Williams earned gross income of 76,124 last year. During the year, he made monthly payments of 250 into an approved retirement plan. What was his adjusted gross income last year?



aburgess

  • Sr. Member
  • ****
  • Posts: 361
Answer to Question 1

229.42

Answer to Question 2

73,124



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

For a complete list of videos, visit our video library