Instruction9 ITR Line 70ITR Line 6910 Line 70ITR Line 71-Subtract Line 69 and11 ITR Line...

70.2K

Verified Solution

Question

Accounting

Instruction9 ITR Line 70ITR Line 6910 Line 70ITR Line 71-Subtract Line 69 and11 ITR Line 721542ioe 72|913 ITR Lne 7413Line 75-Add line 73 and 74ANSWER3 ITRLIne 69ITR Line 70Line 70ITR LIne 71-Sublract Line 69 and-Multipy Line 71 andine 72ITRI iDe 73-Mutiply Line 71 and20 EXAMPLE COMPUTATION FOR INDIVIDUAL WITH S123,000 IncomeITR Line 74ANSWERLine 75-Add line 73 and 74Identdy which rango from column "B" to "F does the Income in the question fallsEnter the amount if income in the yellow portion.For oxample the income of the individual is S123000, I will put S123,000 in cell D7 since the Income Is below 155,625 but above 100,392. See example computation In rows 20-29Your final Answer will be tho resull of your computation in row 14If income is 50197 or Less15%If income ls 50197 or Less15%If income ls more than 50197 but If income is more than 100392 but Income is more than 155,626 butrincome k mom than 221.70Bnot more than 100392not more than 155,625ngt moe ihan 10039212300050,197.0072,803.0020.50%22,454.1750197 but123.000.0050,197.0072,803.0020.50%14,924.627.529.5522,454.17not mor123000100,392.0022,608.00265,878,0817,81923.697.61ore than 100392 but100,392.0026%17,819.53not more than 221,708123000155.625.00(32.625.0029(9,461.25)32,180.1122.718.86155,625,0029%123000c32.180.11221,708.00(98,708,00)339(32,573,64)|If income Is more Ihan 155,b26 but Ifincome is more than 221,708not more than 221,70851.344.1818770.54221,708,0033%51,344.18
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students