Taxes - answers

1. The tax-free price of the product is 355 € and VAT 24%. Calculate the amount of VAT.

2. The tax-free price of the product is 95 € and VAT 24%. Calculate the product's price with tax.

3. Calculate the amount of VAT when the price with tax of the product is 53 € and the VAT is 24%.

4. Calculate the tax-free price of a product when its price with tax is 16,80 € and VAT is 24%.

5. In a person's tax card, the basic percentage is marked as 22,5% and the additional withholding percentage as 38,0%. The monthly income limit is 2860,50 €. How much withholding tax is deducted when monthly salary is 2655 €?

6. In a person's tax card, the basic percentage is marked as 22,5% and the additional withholding percentage as 38,0%. The monthly income limit is 2860,50 €. How much withholding tax is deducted when monthly salary is 3145 €?

7. View the attached gift tax table.

a) How much tax will have to be paid if the value of the gift is 4 500 €?

b) How much tax will have to be paid if the value of the gift is 55 000 €?

c) Calculate how much the gift tax is if the value of the gift is 10 000 €.