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    Math Assignment Print Sheet

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    luca.castelvetere04
    The document contains information about wages and overtime pay rates for different jobs, and calculates income tax payables for a lawyer, plumber, and real estate agent based on their taxable incomes. It also includes a spreadsheet and column graph comparing the differences between simple and compound interest on a $5,000 investment over 10 years at an annual interest rate of 4%.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Math Assignment Print Sheet

    Uploaded by

    luca.castelvetere04
    19 views4 pages
    The document contains information about wages and overtime pay rates for different jobs, and calculates income tax payables for a lawyer, plumber, and real estate agent based on their taxable incomes. It also includes a spreadsheet and column graph comparing the differences between simple and compound interest on a $5,000 investment over 10 years at an annual interest rate of 4%.

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    The document contains information about wages and overtime pay rates for different jobs, and calculates income tax payables for a lawyer, plumber, and real estate agent based on their taxable incomes. It also includes a spreadsheet and column graph comparing the differences between simple and compound interest on a $5,000 investment over 10 years at an annual interest rate of 4%.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    19 views4 pages

    Math Assignment Print Sheet

    Uploaded by

    luca.castelvetere04
    The document contains information about wages and overtime pay rates for different jobs, and calculates income tax payables for a lawyer, plumber, and real estate agent based on their taxable incomes. It also includes a spreadsheet and column graph comparing the differences between simple and compound interest on a $5,000 investment over 10 years at an annual interest rate of 4%.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    Section 1: Wages & Overtime

    1.
    Number of hours Pay rate per hour Pay
    Normal 30 $15 $450
    Time-and-a-half 4 $23 $90
    Double time 1 $30 $30
    Total hours 35 Total pay $570

    2. Chef
    Formula view:

    Number view:
    Number of hours Pay rate per hour Pay
    Normal 35 $32.80 $1,148.00
    Time-and-a-half 5 $49.20 $246.00
    Double time 2 $65.60 $131.20
    Total hours 42 Total Pay $1,525.20
    Income Tax Payable:
    Lawyer:
    taxable income 101554

    taxable income base tax tax rate every dollar over


    0 $0.00 0.00% $0.00
    18201 $0.00 19.00% $18,200.00
    45001 $5,092.00 32.50% $45,000.00
    120001 $29,467.00 37.00% $120,000.00
    180001 $51,667.00 45.00% $180,000.00

    taxable income 101554


    tax on 45001 is $5,092.00
    tax remaining on income 56553
    at 32.50% is 18379.725

    income tax
    payable $23,471.73

    Plumber:
    taxable income 70629

    taxable income base tax tax rate every dollar over


    0 $0.00 0.00% $0.00
    18201 $0.00 19.00% $18,200.00
    45001 $5,092.00 32.50% $45,000.00
    120001 $29,467.00 37.00% $120,000.00
    180001 $51,667.00 45.00% $180,000.00

    taxable income 70629


    tax on 45001 is $5,092.00
    tax remaining on income 25628
    at 32.50% is 8329.1

    income tax
    payable $13,421.10
    Real Estate Agent:
    taxable income 75570

    taxable income base tax tax rate every dollar over


    0 $0.00 0.00% $0.00
    18201 $0.00 19.00% $18,200.00
    45001 $5,092.00 32.50% $45,000.00
    120001 $29,467.00 37.00% $120,000.00
    180001 $51,667.00 45.00% $180,000.00

    taxable income 75570


    tax on 45001 is $5,092.00
    tax remaining on income 30569
    at 32.50% is 9934.925

    income tax
    payable $15,026.93

    Section 4 - Comparing Simple Interest and Compound interest

    Spreadsheet:
    $5,000.00 0.04 0.04

    years simple interest total compound interest total


    1 $200.00 $200.00

    2 $400.00 $408.00

    3 $600.00 $624.32
    4 $800.00 $849.29
    5 $1,000.00 $1,083.26
    6 $1,200.00 $1,326.60

    7 $1,400.00 $1,579.66
    8 $1,600.00 $1,842.85
    9 $1,800.00 $2,116.56
    10 $2,000.00 $2,401.22
    Column Graph:

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