A company has four employees .The following Payroll information has been provided for the month of 2021 for one of its employees Mr.Pan Brown the sales person. His Basic pay is $240,000, Travelling Expenses$15,000, Commission $20,000, Ovetime $25,000.He pays $30,000 towards a loan and $24,000 towards pension. All employees pay $1,600 for health insurance.How much Mr.Pan Brown pay in income tax?
A company has four employees .The following Payroll information has been provided for the month of 2021 for one of its employees Mr.Pan Brown the sales person. His Basic pay is $240,000, Travelling Expenses$15,000, Commission $20,000, Ovetime $25,000.He pays $30,000 towards a loan and $24,000 towards pension. All employees pay $1,600 for health insurance.How much Mr.Pan Brown pay in income tax?
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter7: Employee Earnings And Deductions
Section: Chapter Questions
Problem 7E
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A company has four employees .The following Payroll information has been provided for the month of 2021 for one of its employees Mr.Pan Brown the sales person.
His Basic pay is $240,000, Travelling Expenses$15,000, Commission $20,000, Ovetime $25,000.He pays $30,000 towards a loan and $24,000 towards pension. All employees pay $1,600 for health insurance.How much Mr.Pan Brown pay in income tax?
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