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
Zina [86]
3 years ago
11

Suppose the spouse of the primary earner in the household is considering joining the labor force. The spouse currently cares for

two children and, if employed, would earn $20 per hour for 40 hours per week. The cost of child care would be $10 per hour for 50 (not 40) hours per week. Assume that the marginal tax rate on work is 50%. Assume that child care is tax deductible and that child care at home is NOT imputed and taxed. What is the after-tax, after-child-care addition to family income of the spouse working each week?
Business
1 answer:
mixas84 [53]3 years ago
6 0

Answer: -$100

Explanation:

Assuming that that child care is tax deductible and that child care at home is NOT imputed and taxed then we shall tax the earnings and deduct child care from it.

The couple makes $20 per week per 40 hour week.

= 20 * 40

= $800

Marginal tax rate is 50% so,

= 800 * 50%

= $400

After tax addition is $400

Childcare is $10 per hour for 50 (not 40) hours per week so,

= 10 * 50

= $500

After-Child-Care Contribution is,

= 400 - 500

= -$100

The after-tax, after-child-care addition to family income of the spouse working each week is -$100

You might be interested in
How are most travel itineraries arranged?
bekas [8.4K]
Event by event so you know the schedule

4 0
3 years ago
Helppp mee please!!!give me your opinion!
k0ka [10]

Answer:

YES

Explanation:

Information systems can in fact provide solutions to a lot of organizational problems in businesses and companies.  Information Systems can help collect data, statistics, and overall organization. Let's say you are looking into starting a moving business. In order to do that you need to hire employees. An information system such as Indeed can assist you with that. If you are looking to provide invoices to your customers an information system such as Quickbooks can help you with that. There are soo many Information Systems our there that can help a business with any problem.

8 0
3 years ago
Olivia is willing to pay $185 a month for four years for a car payment. if the interest rate is 4.9 percent, compounded monthly,
Grace [21]
Let x = the price of the car that Olivia can afford.

Down payment = $2,500
Remaining amount to be financed is P = x - 2500.

Total payments should equal the monthly payments.
The total payment over 4 years (48 months) is
A  = $185*48 = $8,880

The rate is r = 4.9% = 0.049.
The compounding interval is n = 12.
The time is t = 4  years.
The amount financed is P = $(x - 2500).
Therefore
(x - 2500)(1 + 0.049/12)⁴⁸ = 8880
1.216(x - 2500) = 8880
x - 2500 = 7302.63
x = 9802.63
Olivia can afford a car priced at $9,802.63.

Answer: $9,802.63

4 0
3 years ago
Jennifer is marketing manager for a major consumer goods firm. She is interested in determining if market opportunity exists for
Andrei [34K]

Answer:

- How to best segment the ready-made dinner market.

4 0
3 years ago
Retain the small predictable layers of risk and transfer the unpredictable catastrophic layer of risk. Does this statement promo
ELEN [110]

Answer:

Yes the statement does

Explanation:

Retaining small predictable layers of risk and transferring the unpredictable catastrophic layer of risk to a more capable body is a very good approach towards  promoting appropriate risk financing decision making, this is because

Financial risk decisions are decisions taken between alternatives i.e risks associated with business activities . it is more appropriate to take alternatives with a predictable layer of risk,that way it would be easier for the management to handle the risk associated with it, while transferring the unpredictable catastrophic layer of risk to a more capable body ,like the Insurance companies .

7 0
3 years ago
Other questions:
  • The opportunity to gain a foothold in the snack cracker industry had just been found. Britney Marr, an account executive manager
    15·1 answer
  • What are the benefits of setting up a trust?
    15·1 answer
  • Workplace surveys suggest that satisfied employees are becoming _____. more uncommon more widespread less expensive less product
    12·1 answer
  • When a nation is under-allocating resources to the production of a good, then the:_________.
    8·1 answer
  • The price of greatness is responsibility meaning
    7·1 answer
  • On an afternoon that a class meets, you could alternatively study for an exam that will take place in another class the next mor
    8·1 answer
  • Happy Helpers Maid Service is calculating its standard direct labor rate. The direct labor rate is $19 per hour. Happy Helpers i
    6·1 answer
  • Firms must consider the possible reaction of rivals to their own decisions and actions in
    6·1 answer
  • Japan's great trading houses are called:_____________.
    15·1 answer
  • Homer wants to borrow money from the springfield bank to buy a trampoline. The bank requires collateral for loan what is collate
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!