765906
765906 765906
  • 24-06-2022
  • Mathematics
contestada

How to calculate Tax Income and Capital Gain?

How to calculate Tax Income and Capital Gain class=
How to calculate Tax Income and Capital Gain class=

Respuesta :

farsule786
farsule786 farsule786
  • 24-06-2022

Answer:

Step-by-step explanation:

Answer Link
dawsonbell205 dawsonbell205
  • 26-06-2022
Tax Income
This is taxed based on how much you make in one year. Based on how much the individual makes in this year will effect the taxed amount.

Step 1
83,465 x 5.05 = 4214.98

Step 2
(Note this is the second tax at 9.15)
83,465 x 9.15 = 7637.04

Step 3
(Add both taxed together for total income tax paid)
7637.04 + 4214.98 =11,852.02
Answer Link

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