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1 year ago

12

You earn $50,000 per year. Your entire income is taxed at the 10 percent federal tax bracket. Which value reflects what you will

pay in federal income taxes?
$1,000
$4,000
$5,000
$10,000

1 answer:

Elena L [17]1 year ago

3 0

it would be $500,000 because you need to divide it by 10%

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Great Lakes Steel Supply is losing significant market share and thus its managers have decided to decrease the firm's annual div

Colt1911 [192]

Answer:

There's an error in the numbers for this question; I found the correct one and pasted it below;

"Great Lakes Steel Supply is losing significant market share and thus its managers have decided to decrease the firm's annual dividend. The last annual dividend was $1.30 per share but all future dividends will be decreased by 2.75 percent annually. What is a share of this stock worth today at a required return of 15.5 percent? "

Explanation:

Use dividend discount model (DDM) to calculate the stock price

$P0 = \frac{D0(1+g)}{r-g}$

whereby,

P0 = Current price

D0 = Last dividend paid = 130

g = growth rate = -275% or -2.75 as a decimal

r = required return = 155% or 1.55 as a decimal

Next, plug in the numbers to the DDM formula above;

$P0 = \frac{1.30(1-0.0275)}{0.155 + 0.0275} \\ \\ = \frac{1.2643}{0.1825} \\ \\ =6.9277$

Therefore this stock is worth $6.93

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3 years ago

The _____ curve represents the full employment capacity of the economy and depends on the amount of resources available for prod

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1 year ago

Emily had an excellent year as a salesperson in 2015, earning $97,000. she paid $37,000 for necessities such as mortgage, food,

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Discretionary income is the amount of money remaining from her income after paying federal taxes, other mandatory charges, and necessary expenditures for living. In this situation, Emily is earning a gross income of $97,000. When you deduct her necessary expenditures for mortgage, food, and clothing in the amount of $37,000 and her federal income taxes in the amount of $24,000 from her gross income, you can get her discretionary income which is $36,000.

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3 years ago

Frieda is itemizing deductions on her federal income tax return and had $1700 in non-reimbursed work expenses last year. If her

zhenek [66]

Answer:

$180 is the correct answer!!!

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2 years ago

Johnson Waterworks Corporation provides plumbing services. Transactions during the first year of operations are provided below.â

lisov135 [29]

Answer:

$ 26,100

Explanation:

Given:

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Now,

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2 years ago