The municipal council will deduct 10 % of total assessed tax for the year if paid in total before 31stof January of that year. If Upul pays the above tax in total before 31st of January find the amount ofassessed tax he will pay

(b)i. Upul has to be paid Rs. 1400 rates per quarter for his business building located within a municipalarea. Find the assessed value of the building if the rate of annual assessed tax levied by themunicipal council is 8 %.ii. The municipal council will deduct 10 % of total assessed tax for the year if paid in total before 31stof January of that year. If Upul pays the above tax in total before 31st of January find the amount ofassessed tax he will pay

Brian made $25,000 in taxable income last year.Suppose the income tax rate is 10% for the first $9500 plus 15% for the amount over $9500.How much must Brian pay in income tax for last year?

Below is a personal income tax table effective January 2024 Tax Threshold (K) Tax Payable (K) Rate of tax access (%) 12,500 Nil 22 20,000 1,650 30 33,000 5,550 35 70,000 18,500 40 250,000 90,500 42 a) Glen who runs a printing shop earns a profit of K80,000 and received additional rental income of K80,000 and intrests of K15,000 I. What is the assessable amount for tax II. Calculate the amount of tax she’ll pay b) Kila, Ranu and Raka decided to enter into business under a partnership by contributing K20,000, K50,000 and K30,000 respectively I. Calculate the shared profit Kila and Raka received c) Sales results for ANJ Ltd declined over the years due to reduction in production awareness I. How would the management improve the declining situation?

Fill in the Blank QuestionFill in the blank question.For calculating your total tax due, your taxable income is to be used in conjunction with either tax tables or tax rate .

Step 3 (3 pts). Calculate tax amount based on exemption and taxable income (see tables below). Tax amount should be stored as a double and rounded to the nearest whole number using round(). Submit for grading to confirm eight tests pass.Ex: If the input is:20000 23 500 1 400Ex: The additional output is:AGI: $20523Deduction: $12000Taxable income: $8523Federal tax: $852Income Tax for Single Filers$0 - $10000 10% of the income$10001 - $40000 $1000 + 12% of the amount over $10000$40001 - $85000 $4600 + 22% of the amount over $40000over $85000 $14500 + 24% of the amount over $85000Income Tax for Married Filers$0 - $20000 10% of the income$20001 - $80000 $2000 + 12% of the amount over $20000over $80000 $9200 + 22% of the amount over $80000