Yearly Manual Calculation Adjustment
Hoenn works on a January - December yearly tax season, and the end of the year is looming closer every day. And while the Church of Arceus (CoA) pays no tax, Bill must prepare his tax return like anyone else. Therefore, it falls to you to correctly complete the following form before the deadline (20th November 8pm PT).

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INCOME
Bill is a dual resident of Hoenn and Sinnoh, which each have their own tax departments and laws.
This Tax calculation is ONLY FOR HOENN. Sinnoh income should not be considered on this form.

In the last fiscal year, Bill recorded income from CoA for the entirety of the financial year (Jan-Dec), and received pay as councilman and mayor starting from the occupation of Sootopolis (September-December).

In 2021, Bill will receive three salaries:
An annual governmental wage of ($300,000) as a Councilman, a second annual governmental wage of ($465,000) as mayor of Sootopolis, and a total combined wage of ($1,799,997.5) for his role as minister for the Church of Arceus in both Sinnoh and Hoenn. Bill also reported ($47,871) in 'Other' income, broken down into: Sinnoh CoA consultation (September), Freelance religious services (October-November), Boating instructor (October,), and additional miscellaneous income.

Bill's Church of Arceus paycheck is composed of two portions: work done in Sinnoh (January-October), and work done in Hoenn (September-December)

All rounding should be rounded up to the dollar.
How much will Bill report in total income? ($xxx,xxx.xx)
2 points
TAX BRACKETS
Annual income tax brackets are divided as follows, and taxes are applied incrementally to the sum household income.
$0-$50,000: 0% (Untaxed)
$50,001-180,000: 8.5%
$180,001-$320,000: 15%
$320,001-$600,000: 24.5%
$600,001+: 35%

For calculations involving tax negative deductibles, the following table is used.
$0-$10,000: -9%
$10,001-$25,000: -11%
$25,001-$50,000: -13%
$50,001-$75,000: -17%
$75,001+: -23%

Tax negative deductibles are expenditures which are deducted from the total tax owing.
All tax calculations should be rounded up to the dollar.
How much is Bill's total income tax (pre-deductions)? ($xxx,xxx.xx)
2 points
DEDUCTIONS
Bill has reported $108,871 in charitable donations to Hoenn organizations (January-November), and expects the average monthly donation amount to double in December. Charitable donations are deducted directly from payable income tax. He is claiming all of these deductions on his Hoenn income.

He has also spent $16,998 on gachapon rolls (September-November), and expects this amount to halve in December due to the increase in free gachapon rolls. Gachapon rolls qualify as tax negative deductibles, meaning that the tax calculated on them is removed from payable income tax. (See the tax negative deductibles calculation table above).

Bill also reported campaign donations in excess of $3.5 million for his mayoral campaign. All political donations are taxed at the highest bracket. Donations are not included when calculating payable income tax, but are still part of the overall tax calculations.

Bill has no dependents, as his children are all over 18, or deceased. His wife is deceased, and is reporting no income for 2021.
How much is Bill claiming in total deductions? ($xxx,xxx.xx)
2 points
How much is Bill's projected to pay to the Hoenn Taxation Department in his 2021 Annual Tax Return? *
3 points
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