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mash [69]
1 year ago
5

Paddle fans & more has a marginal tax rate of 34 percent and an average tax rate of 23.7 percent. if the firm earns $138,500

in taxable income, how much will it owe in taxes?
Business
1 answer:
muminat1 year ago
7 0

With a marginal tax rate of 34 percent and an average tax rate of 23.7 percent, Paddle lovers & more will owing $ 32824.50 in taxes. if the company generates $138,500 in taxable revenue.

The effective tax rate at which the company pays its portion of the income as taxes is referred to as the average tax. In addition, the marginal rate of tax is the highest slab of tax applied to the firm's final dollar of income. In the example at hand, based on the taxable income, Paddle Fams & More is required to pay the tax as follows:

$ 138500 * 23.7% = $ 32824.50

The marginal tax rate is the amount of tax you pay for every dollar of increased income. In the US, as income rises, so does the individual federal marginal tax rate. This taxation strategy, known as progressive taxation, tries to tax people in accordance with their income, with low-income earners paying less in taxes than high-income earners.

The rate that is applied to the taxpayer's taxable income under a marginal tax rate is often determined by grouping taxpayers into tax bands or ranges. The final dollar of income is taxed at a greater rate than the first dollar as income rises. To put it another way, the first dollar earned will be taxed at the lowest possible rate.

Learn more about marginal tax rate here

brainly.com/question/4406892

#SPJ4

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Royal Dutch Shell(RDS) acquires ethanol fuel from Brazilian Cosan energy company. The Ethanol costs 500 million Brazilian Real(B
Fudgin [204]

Answer:

The answer is 5000 future contracts

Explanation:

Solution

Given that:

Royal Dutch buys ethanol fuel from Brazilian energy company

Nowm,

The Required coverage = 500,000,000

The BRL/USD futures contract size = 100,000

Number of contracts required = 500,000,000/100,000

So,

= 500,000,000/100,000  = 5000

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3 0
3 years ago
What would symphony report as total shareholders' equity?
leva [86]
$485 + $380 + $15 + $48 - $120 = $808

Have a great night!
6 0
2 years ago
The Human Development Index (HDI)) includes _____, but GDP per capita does not. Both measurements can be used to measure the sta
lesantik [10]
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8 0
3 years ago
Read 2 more answers
Tyare Corporation had the following inventory balances at the beginning and end of May:
Ivenika [448]

Answer:

The correct answer is option (b) $5400

Explanation:

Solution

Calculation of the cost of direct material on May 1

Now,

The starting work In process inventory = Direct materials Cost  + Direct labor  Cost + Manufacturing overhead applied on W.I.P

13,500 = Direct materials cost  + 4500 + 3600

Thus,

Direct material cost = 13500 - 4500-3600 = $5400

Note:  Direct labor cost = 300 * 15 = $ 4500

The manufacturing overhead = 300 hour *  $12 = $ 3600

So, only expenses associated to work in process will be considered, hence only direct labor and manufacturing overhead are used to work in process are considered.

8 0
3 years ago
What is the standard deviation of a portfolio's returns if the mean return is 15%, the variance of returns is 184, and there are
masya89 [10]

In the problem, the given data is the mean and the variance. Now to solve this problem, we must remember that the formula for variance is:

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Where s is equivalent to the standard deviation, therefore:

s = sqrt (Variance)

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s = sqrt  (184)

s = 13.56 %                          (ANSWER)

7 0
3 years ago
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