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2 years ago

Does the taxable capital gains added to the banker’s income move them to a higher tax rate?

1 answer:

5 0

The taxable capital gains added to the banker’s income move them to a higher tax rate. the statement is true.

<h3>What is income tax?</h3>

Income tax is a tax applied on individuals or entities concerning income or profit earned by them.

Qualified plans provide two tax benefits that are not available in other types of investments.

Tax rates will be higher in the future with the increment of time, but the benefits of the tax-deferred savings plan will overcome higher tax rates over time.

The taxable capital gains added to the banker’s income move them to a higher tax rate. the statement is true.

Learn more about tax;

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Please help me with my math homework?! I have to show my work.

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3 years ago

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3 years ago

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Story Problems

Gnom [1K]

Problem 3: Let x = price of bag of pretzels Let y = price of box of granola bars
We have Lesley's purchase: 4x+2y=13.50
And Landon's: 1x+5y=17.55
We can use the elimination method. Let's negate Landon's purchase by multiplying by -1. -1x-5y=-17.55
We add this four times to Lesley's purchase to eliminate the x variable.
2y-20y=13.50-70.2
-18y=-56.7
y = $3.15 = Price of box of granola bars

Plug back into Landon's purchase to solve for pretzels.
x+5*3.15=17.55
x+15.75=17.55
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Problem 4.
Let w = number of wood bats sold
Let m = number of metal bats sold

From sales information we have: w + m = 23
24w+30m=606
Substitution works well here. Solve for w in the first equation, w = 23 - m, and plug this into the second.
24*(23-m)+30m=606
552-24m+30m=606
6m=54
m=9 = number of metal bats sold
Therefore since w = 23-m, w = 23-9 = 14. 14 wooden bats were sold.

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3 years ago

Read 2 more answers

A class quiz has 5 true or false questions the correct answers are t,t,f,f,

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I’m not sure what you are trying to say in this problem?

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3 years ago

It is a well-known fact that 50% of the general population are rascals (P(R) = 0.5) and 50% of the general population are not ra

aleksley [76]

Answer:

The answer is D. 0.75

Step-by-step explanation:

Let call R the event that a person is rascal, RC a person is not rascal, TH a person use top hat and NTH a person don’t use top hat.

From the information on the question we have 4 options with their respective probability:

1. A person could be rascal and use top Hat: this probability is calculate as the multiplication of the probability of be a rascal (0.5) and use a top hat (0.9), then:

P(R y TH)=0.5*0.9=0.45

2. A person could be rascal and don’t use top Hat: this probability is calculate as the multiplication of the probability of be a rascal (0.5) and not use a top hat (0.9), then:

P(R y NTH)=0.5*0.1=0.05

3. A person could be not rascal and use top Hat: this probability is calculate as the multiplication of the probability of not be a rascal (0.5) and use a top hat (0.3), then:

P(RC y TH)=0.5*0.3=0.15

4. A person could be not rascal and not use top Hat: this probability is calculate as the multiplication of the probability of not be a rascal (0.5) and not use a top hat (0.7), then:

P(RC y NTH)=0.5*0.7=0.35

Then the probability that a person is a rascal given that he is wearing a top hat could be written and calculate as:

$P(R/TH)=\frac{P(R y TH)}{P(TH)}$

For calculate P(TH) we need to sum all the option in which TH is involve so:

P(TH) = P(R y TH)+ P(RC y TH)

P(TH)=0.45+0.15=0.6

Replacing values on the first equation we get:

$P(R/TH)=\frac{0.45}{0.6} =0.75$

So, the probability that a person is a rascal given that he is wearing a top hat is 0.75

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3 years ago