Use the following approximations to estimate earnings. EI: 1.73% of Gross Income

CPP: 5% for Gross Income over $3,500 per year

Income Tax:

18% on Annual Taxable Income from $0.00 to $30,000

29% on Annual Taxable Income from $30,000 to $60,000

39% on Annual Taxable Income over $60,000

Example: Taxable Income is $45,000 per year; Annual Income Tax is approximately 18% of $30,000 plus 29% of ($45,000−$30,000)=$9,750.00

Sheri earns $600 a week. She pays $20 Union Dues (Non taxable) and $12 for
parking each week. Which of the following is the best estimate of Sheri's weekly Income Tax?

You buy five cds at a sale for $5.95 each. write an expression for the total cost of the cds. then use the distributive property and mental math to evaluate the expression.

Me i'm timed right now! a. (0,-5)b. (0,-3)c. (0,3) d. (0,5)

The westins and the shermans live in the same city and pay the same sales tax rate, and both families made $14,000 in taxable purchases last year. if the westins made $86,000 and the shermans made $33,000 last year, is the sales tax in their city an example of a regressive tax? yes, because the westins and the shermans both paid the same sales tax rate. b. no, because the shermans paid a higher percentage of their income in sales tax than the westins did. c. no, because the westins and the shermans both paid the same sales tax rate. d. yes, because the shermans paid a higher percentage of their income in sales tax than the westins did.