Robert had a tax liability of 6,943 last year. In addition, he ...

[bclement10]

Robert had a tax liability of 6,943 last year. In addition, he owed other taxes of 509. He was entitled to tax credits of 642 and withholding amounted to 610 per month. Calculate the amount of the refund or the amount of additional taxes due (as the case may be).
 A) 510 Due
  B) 510 Refund
  C) 377 Due
  D) 377 Refund

Question 2

The markup on a new diamond ring should be 25 based on selling price. If the seller paid 4,525.00 for one, then how much should it be sold for to achieve the desired markup?
 A) 5,756.25
  B) 5,000.00
  C) 4,550.00
  D) 6,033.33

[cpetit11]

Answer to Question 1

B

Answer to Question 2

D

[bclement10]

Correct answers!

[cpetit11]

Great! Please up vote