Subjects finance, algebra

Discount Tax Netincome

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Discount Tax Netincome


1. **Kia's dress payment** - Original price: $114 - First discount: 20% means she pays 80% of $114 $$114 \times 0.8 = 91.2$$ - Further 5% reduction for paying cash means she pays 95% of $91.2 $$91.2 \times 0.95 = 86.64$$ - **Kia pays $86.64** 2. **Cale's net weekly income** - Gross weekly income: $1800 - Tax paid: $435 - Medicine levy: 0.5% of $1800 $$1800 \times 0.005 = 9$$ - Superannuation: 6.8% of $1800 $$1800 \times 0.068 = 122.4$$ - Total deductions: $$435 + 9 + 122.4 = 566.4$$ - Net weekly income: $$1800 - 566.4 = 1233.6$$ - **Cale's net weekly income is $1233.6** 3. **Tax and net income calculations using tax table** - Since the tax table isn’t specified, assuming tax given as input and net income is gross minus tax. a) Gross taxable income = $29000 - Total tax = $29000 \times (given tax rate, if we assume from context or given else unknown) But since missing, assume tax as input to show reasoning. - For demonstration, if tax on $29000 is $xxxx (need table) but question says total tax to calculate, we roughly estimate since no table provided. - Let's approximate: - For $29000 assume total tax = x (unknown due to no table), net income = $29000 - x b) Gross taxable income = $57000 - Similarly, total tax = y (unknown), net income = $57000 - y - Since tax table data is missing, we cannot calculate exact taxes and net income. **Summary:** - Kia pays $86.64 - Cale’s net weekly income is $1233.6 - Tax and net income on $29000 and $57000 cannot be exactly computed without tax table