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Home > Money & Services > Taxes   »   tax calculation

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Old Jun 16, 2008, 04:22 AM
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tax calculation
my brain is fried and I have to figure this out for work, so if you're a tax whiz, here's a quiz you might enjoy working on:

If you have a nett (second) income of $484 and are taxed at a rate of 32c in the dollar, what would be the gross income and tax payable?

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Old Jun 16, 2008, 05:33 AM   #2  
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Based on the information provided, I CANNOT determine gross income.

Tax payable is 32 cents times 484, or $154.88.
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Old Jun 16, 2008, 05:17 PM   #3  
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that's a relief... I thought it was just me

Thanks for providing the tax payable.
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Old Jun 17, 2008, 10:44 AM   #4  
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Glad to help.
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