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
Relatively few consumers like to go to the dentist. Dental insurance plans that pay for regular checkups increase the __________
Hatshy [7]

This is perceived value, making the check ups free increases the value.

5 0
4 years ago
The purchase agreement should not disclose all of the conditions and terms of the sale.
Makovka662 [10]
It should disclose all the terms and conditions, otherwise the purchase agreement wouldn't be binding.
5 0
3 years ago
Sunny Corporation began the year with cash of $ 142 comma 000 and land that cost $ 47 comma 000. During the year Sunny earned se
Dmitry [639]

Answer:

How much net income​ (or net​ loss) did Sunny experience for the​ year?

Net loss 6000

Explanation:

Cash 142.000

Land 47.000

 

Revenue    285.000

Salaries          185.000

Rent            81.000

Utilities            25.000

Net loss     -6.000

6 0
4 years ago
A manufacturer of washing machines has expanded its plant and has created excess capacity, just as the general economy has taken
Lostsunrise [7]

Answer:

. b. offer rebates and incentives for customers who purchase washing machines.

Explanation:

Increasing the productive structure of a firm must be carefully planned. There needs to be demand and take into account the expectations of the economy. When a company increases its structure over an inadequate period, the strategy can be fatal, as firms typically go to great lengths to make investments. In the case described, the company now has an idle capacity, ie does not use all its productive infrastructure. This is compounded by the moment of narrated economic crisis. In this situation, the company is most likely to promote price incentives through discounts to stimulate demand for washing machines. Thus, the employer gets a breath to maintain its activities until the economy recovers and she can use all the installed capacity.

8 0
3 years ago
There may be a great deal of interaction between a service provider and a consumer in which they co-create value together. In su
KatRina [158]

The blank will be filled by services.

<h3>What do you mean by services?</h3>

Services are intangible activities or advantages that a business offers to meet customers' demands in exchange for cash or other valuables.

<h3>Which should be fill in blank?</h3>

There may be a great deal of interaction between a service provider and a consumer in which they co-create value together. In such situations, the customer perceives a high degree of Blank services between the service provider and the company he or she represents.

Learn more about services here brainly.com/question/24553900

#SPJ4

6 0
2 years ago
Other questions:
  • _____ integrates advertising of branded products into interactive games.
    5·1 answer
  • The Stewart Company has $2,014,500 in current assets and $785,655 in current liabilities. Its initial inventory level is $402,90
    14·1 answer
  • What are the six segments of the travel industry? Give examples of each.
    11·2 answers
  • If a family spends its entire budget in a given time frame, the family can afford either 90 cans of vegetables or 60 frozen pizz
    13·1 answer
  • Journalize the following transactions for the buyer, Morgan Company, using the net method to account for purchase discounts. Ass
    7·1 answer
  • Architects must consider the availability and cost of ________ when they plan their projects.
    13·1 answer
  • Travis has agreed to invest $16,000 in a partnership with his sister and brother-in-law. He does not intend to actively work in
    8·1 answer
  • 1 point
    8·1 answer
  • A product's demand per period is normally distributed with a mean of 100 and standard deviation of 10. The in-stock probability
    8·1 answer
  • Find the tax percentages for each type of tax on your pay stub and insert them here. Then, press the calculate button when you’r
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!