what is your income tax bill for the second job? course hero

Do you need a second income as soon as possible?

Aug 02, 2020 · of income of second job is taxed at the rate of 25%. The remaining part of the income of second job will be taxed at the rate of 28% that is 45000 ~ 13,650 = 31,350 conchs. Calculate the total income tax for second job he owns as follows: total income tax = 25% (85,650 - 72,000) + 28% (45,000-13650) =3,412.5+8,778 = [12190.5cnchs]

Do you have a second job that pays poorly?

Jan 16, 2020 · 8. If your income is $123,000, what is your total income tax bill and how much will you have paid in Social Security and Medicare taxes? Total income tax: $ (34550) Social Security and Medicare taxes: $ (7650) 9. In the country of Econoville, tax revenue collected by the government this year is $24 million, and government outlays are $28 million.

How do I get a second job as a trail guide?

PFC - Assignment 2 Income tax bill and summary report with Files As your second and final assignment this semester, you are to amend your program to store and manage personal tax data on file. LEARNING OUTCOME Upon successful completion of this assignment, you will have demonstrated the ability to use one-dimensional array data structures and sequential files (text …

What is the fastest way to get paid from a second job?

The other way to generate more income is, of course, to pick up a second job altogether. Warning: Dual income streams will complicate your tax filing process slightly. Watch this video and answer the questions. Estimated time: 5 mins - W-4 form 2. If you have more than one job, list two reasons you might end up owing some extra money

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What are some ways to make money from a blog?

Products and services. Sponsorships. Advertisements can be placed on your blog and make you money when a reader clicks on them. Affiliate marketing involves placing affiliate links throughout your blog, making you a commission when a reader clicks the link and buys the product.

How much do teachers make?

Earn up to $25/hour, all while working from home. Some teachers have reported making up to $2,500/month and others have used it to pay off their student loans.

What is the positive effect of state sales tax?

The positive effect of the state sales tax is that the tax would spread to everyone in the state even people who are not working. Since we have a large tourist industry, people from other states would help increase our sales tax.

What is the difference between imposed fees and taxes?

The difference between an imposed fee and a tax is that taxes are collected by the government and goes toward the general fund to be used towards education, paving a road, or for construction. An imposed fee is money collected for a specific service. These are not government-imposed taxes.