Kelly Inc Tax Calculation

Amounts of money that can be subtracted from income to calculate the amount which will be taxed are called:

• Liabilities

• Deductions

• Reductions

• Tax Returns

Calculate the amount owed on $8,250 in taxable income in 2021:

• $82

• $825

• $8,250

• No tax is due.

Calculate the amount owed on taxable income of $15,000:

• $180

• $1,507

• $1,800

• $1,601

Calculate the amount owed on taxable income of $42,000:

• $498.

• $4,988

• $5,708

• $$6,220

Calcualate the amount owed on taxable income of $100,000

• $24,000

• $18,018

• $17,006

• $22,973

Other than state income taxes all of the New Jersey payroll taxes are

• Progressive

• Regressive

• Flat

• Excise

The NJ SUI tax is for

• Injury insurance

• People who need to take care of family members

• People who have lost their jobs

• student usage insurance

NJ FLI tax is for

• Workers who need time off to take care of relatives.

• Family Liability Insurance

• Future Lost Income

• Work Force Development activities.

Which of these may be deducted from one's income prior to being taxed?

• Charitable contributions.

• Work-related expenses.

• Dependent children.

• All of these.

Which of these does the state of New Jersey not collect?

• Unemployment Insurance Tax

• WFD Tax

• Income Tax

• Property Tax