Helen Ming receives a travel allowance of $220 each week from her company for time away...
Helen Ming receives a travel allowance of $220 each week from her company for time away from home. If this allowance is taxable and she has a 10 percent income tax rate, what amount will she have to pay in taxes for this employee benefit?
Homework Answers
Total Amount of travel allowance= 220*52 (52 weeks in a year)
=$11440
Tax on travel allowance= 10% of 11440
=1144
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Helen Ming receives a travel allowance of $220 each week from
her company for time away...
Helen Ming receives a travel allowance of $200 each week from her company for time away...
Helen Ming receives a travel allowance of $200 each week from her company for time away from home. If this allowance is taxable and she has a 10 percent income tax rate, what amount will she have to pay in taxes for this employee benefit? (Round your final answer to 2 decimal places.)
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9
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9
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