Sam and Jim are friends but they joined the two different companies. Sam's annual package was $96000 and Jim's package was $ 98000. (a) In which tax bracket Sam falls and what would be his income tax for the year? (b) In which tax bracket Jim falls and what would be his income tax for the year? Part (a) and (b) are worth 2.5 marks. Please show the tax of Sam in each tax bracket before entering the total tax amount. Please show the tax of Jlm in each tax bracket before entering the total tax amount. Federal tax rates for 2020 15% on the first $48,535 of taxable income, plus 20.5% on the next $48,534 of taxable income (on the portion of taxable income over 48,535 up to $97,069), plus 26% on the next $53,404 of taxable income (on the portion of taxable income over $97,069 up to $150,473), plus 29% on the next $63,895 of taxable income (on the portion of taxable income over 150,473 up to $214,368), plus 33% of taxable income over $214,368 What amount will reduce the amount due on an invoice of $9410.25 by $842.00 it the terms of the invoice are 5/10,n/30 and the payment was made during the discount period? Olivia receives a semi-monthly salary of $1664 and works a regular workweek of 40 hours. a) What is Olivia's hourly rate of pay? b) If Olivia's gross earnings in one pay period were $187.20, for how many hours of overtime was she paid at time and one-half regular pay? (c) If she receives a 6% commission on the monthly sales how much commission will she get on the monthly sale of $25000