Maria makes $35,000 per year. After taking deductions and credits, Maria's total tax liability is $4,200. What is Maria's effective tax rate?Group of answer choices20%28%12%8.33%

John’s taxable income in 2022 was $80,000 and his tax was $15000. What is his effective income tax?Group of answer choices5.33%15.87%18.75%53.33%

If Theresa paid $5,000 in taxes last year on taxable income of $50,000, her effective tax rate wasGroup of answer choices0.1%10%20%1000%

(a) In 2013, Mary worked for Company A. Her salary for the year was $18750. (i) $5625 of her salary was not taxed. What percentage of her salary was not taxed? Answer ....................................... % [2] (ii) The remaining $13125 of Mary’s salary was taxed. 22% of this amount was deducted for tax. Mary’s take-home pay was the amount remaining from $18750 after tax had been deducted. She received this in 52 equal amounts as a weekly wage. Calculate Mary’s weekly wage. Answer $ ......................................... [3] (iii) In 2012 Mary had worked for Company B. When she moved from Company B to Company A, her salary increased by 25% to $18750. Calculate her salary when she worked for Company B.

Melody lives under an imputation tax system. Her income tax rate is 35%, which applies to all of her income, including wages, interest income and dividend income. Melody owns 500 shares of Orica Inc. Orica Inc. has 2 billion shares outstanding and had taxable income of $1 billion. If Orica’ corporate tax rate is 30% and its payout ratio is maintained at 60%. Assuming all dividends paid are fully franked, how much more tax need to be paid by Melody if she had lived under a classical tax system? (Round to the nearest two digits) Group of answer choices $29.25 $107.42 $187.20 $560.00 None of the other answers

Holly's paycheck is $1500 per fortnight.Holly's tax for the year is $11 000.How much is her yearly gross income?