1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zepelin [54]
2 years ago
11

What is the marginal income tax rate of a $5,000 raise for someone who currently makes $95,000 per year?

Business
1 answer:
elena-14-01-66 [18.8K]2 years ago
5 0

24% will be the tax bracket for her. The marginal tax rate is the tax rate you pay on every dollar of additional income. Individuals' federal marginal tax rate in the United States rises as their income rises. As one's income rises, the last dollar earned is taxed at a higher rate than the first.

This method of taxation, known as progressive taxation, aims to tax individuals based on their earnings, with low-income earners paying a lower rate than higher-income earners. Under a marginal tax rate, taxpayers are typically divided into tax brackets or ranges, which determine the rate applied to the tax filer's taxable income.

However, how much of an individual's income is taxed depends on more factors than just their marginal tax bracket. Instead, income taxes are calculated progressively, with a range of income levels subject to a certain rate for each bracket.


To learn more about marginal tax, click here

brainly.com/question/10798743

#SPJ4

You might be interested in
Windows and More is reviewing a project with sales of 6,200 units, ±2 percent, at a sales price of $29, ±1 percent, per unit. Th
podryga [215]

Answer:

Net income  -$39,713

Explanation:

The computation of the net income is shown below:

Sales     $174,442      {6,200 × (1 - 2%) × $29 × (1 - 1%)}

Less:

Variable cost $68,841        {6,200 × (1 - 2%) × $11 × (1 + 3%)}

Fixed cost  $87,870                         {$87,000 × (1 + 1%)}

Depreciation expense $68,000

Earning before interest and taxes - $50,269

Less: Income tax expense at 21%   -$10,557

Net income  -$39,713

We simply deduct all the expenses from the sales revenue so that the net income could come

7 0
3 years ago
A parking lot charges $2 per hour for the first 4 hours, then $3 per hour after that. Which equation(s) describes the total cost
Ivenika [448]

Answer:

there are no options but i would say it’s probably close to y= 8 + 3x

5 0
3 years ago
One element of ethical research consists of being open minded while researching and ensuring that data is leading your thoughts
Mumz [18]

Answer:

Objectivity

Explanation:

Objectivity as an element of ethical research requires a researcher to carry out the full research study or experimentation right from the design stage to the final analysis or interpretation to be free of any form of bias towards the outcome of the research study, findings or conclusion.

Hence, in this case, the element of ethical research that best describes these ideals is OBJECTIVITY.

7 0
3 years ago
What are the good manner the service provider must demonstrate when communicate with customer​
blsea [12.9K]

Answer:

There are certain key points that a service provider should always keep in mind while communicating with their customers. Those points are explained in the below mentioned explanation part of the answer.

Explanation:

  • Create the best first impression with their customers by greeting them with great lines.
  • Always stay polite and kind throughout the conversation.
  • Listen patiently and address each of their doubts in an easy and understandable way possible.
  • Do not waste time in any sort of random gossip as that might irritate the customers.
  • Most importantly always stay positive throughout the conversation as this might create a great impact.
5 0
3 years ago
Combined communications is a new firm in a rapidly growing industry. the company is planning on increasing its annual dividend b
frozen [14]

The annual Dividend (D0) = $1.10

D1 = $1.10 * (1+0.21)^1 = $1.33

D2 = $1.10* (1+0.21)^2 = $1.61

D3 = $1.10* (1+0.21)^3 = $1.95

D4 = $1.10 * (1+0.21)^4 = $2.36

D5 = $1.10*(1+0.05) = $2.48

Now the price of the stock at the end of the fourth year (P4) = $2.48/(0.085-0.05)

P4 = $2.48 / (0.035)

P4 = $70.85

Now the Price of the stock (P0) = $1.33/(1+0.085) + $1.61/(1+0.085)^2 +$1.95/(1+0.085)^3 + $2.36/(1+0.085)^4 + $70.86/(1+0.085)^4

Price of the stock (P0) = $1.23 +$1.37 + $1.53 + $1.70 + $51.13

Price of the stock (P0) = $56.86

Therefore the correct option is d, $56.86

3 0
3 years ago
Other questions:
  • Assuming the cost of direct materials used is $1,500,000, compute the total manufacturing costs using the information below. Raw
    12·1 answer
  • The 2017 balance sheet of Kerber's Tennis Shop, Inc., showed long-term debt of $6.2 million, and the 2018 balance sheet showed l
    11·1 answer
  • A high-definition tv costs a company $3,300 to manufacture. if it sells for $6,732, what is the percent markup based on cost? (r
    15·1 answer
  • Real interest rates can either be positive, zero, or negative, but nominal interest rates can only be zero or positive. question
    9·1 answer
  • An agent, broker or lender who are trying to scare owners in a neighborhood into selling their property by suggesting that prope
    5·2 answers
  • In a construction contract, if the owner breaches before construction begins, the contractor can receive _____. If the owner bre
    7·1 answer
  • Alkyl Fliers Company produces model airplanes. During the month of November, it produced 3,000 planes. The actual labor hours we
    5·1 answer
  • Ryan wants to sell personal website services to American soldiers in Afghanistan. Because of the difficulty of communicating wit
    13·1 answer
  • Hsu Company reported the following on its income statement:
    7·1 answer
  • Should Monics and Ami use a loan or their personal funds to finance their business startup? What other alternatives might they c
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!