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3 years ago

G refer to the given data. if your taxable income increases from $4,000 to $5,000, you will encounter a marginal tax rate of:

1 answer:

8 0

<span>The marginal tax rate is simply the tax rate given in the income tax table. For example, if the table says that people who make up to $4999.99 pay a tax of 10% and that people who make more than $4999.99 but less than $10,000 (for example) pay a tax of 20%, then if your income increases from $4,000 to $5,000, the marginal tax rate you encounter would now be 20%. For a better understanding, notice the word marginal. In economics, this means the 'cost of one additional unit' of something. Thus, the marginal tax rate is the tax on 1 additional dollar of income.</span>

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Investment X offers to pay you $4,020 per year for 12 years, whereas Investment Y offers to pay you $2,041 per year for 7 years.

inna [77]

Answer:

$16,481.68

Explanation:

Note that the present value of each yearly cash inflow can be determined using the formula provided below:

PV of cash inflow=cash inflow/(1+discount rate)^n

n is the year in which the cash inflow is expected, it is 1 for year 1 cash inflow, 2 for year 2 and so on.

PV of Investment X=$4,020/(1+11%)^1+$4,020/(1+11%)^2+$4,020/(1+11%)^3+$4,020/(1+11%)^4+$4,020/(1+11%)^5+$4,020/(1+11%)^6+$4,020/(1+11%)^7+$4,020/(1+11%)^8+$4,020/(1+11%)^9+$4,020/(1+11%)^10+$4,020/(1+11%)^11+$4,020/(1+11%)^12

PV of investment X=$26,099.27

PV of investment Y=$2,041/(1+11%)^1+$2,041/(1+11%)^2+$2,041/(1+11%)^3+$2,041/(1+11%)^4+$2,041/(1+11%)^5+$2,041/(1+11%)^6+$2,041/(1+11%)^7

PV of investment Y=$9,617.59

the difference in PV=$26,099.27-$9,617.59

the difference in PV=$16,481.68

5 0

3 years ago

David works for a cookie company downtown. He earns $7 per hour. In a typical week, he works 22 hours. His employer provides ove

Mariulka [41]

Answer:

$242

Explanation:

Calculation to determine How much can David make this week

Earnings for David =( 22*$7) + (1100*8%)

Earnings for David=$154*$88

Earnings for David= $242

Therefore How much can David make this week is $242

4 0

3 years ago

A well known bank stores enough money during the weekends to satisfy its customers needs. The expected average withdrawal during

Alexxx [7]

Answer:

The mean withdraw has increased during weekend.

Explanation:

Assume that the withdraw amounts are normal distributed. To test whether the mean withdrawal has increased during weekends, we take a z-test. The z-test is possible because the observed sample (weekend transactions) is greater than 30.

The null hypothesis ( $H_{0}$ ) is when the mean withdrawal is greater than 550. The alternative hypothesis ( $H_{A}$ ) is when the mean withdrawal is equal to 550 or smaller. At an alpha of 0.05% is selected with a two-tailed test, , there is 0.025% of the samples in each tail, and the alpha has a critical value of 1.96 or -1.96. If the z-value is greater than 1.96 or less than -1.96, the null hypothesis is rejected.

z-value = (600-550) / 70 / 36^(1/2) = 0.1190

At α=0.05, the z-value < 1.96 and > -1.96, the null hypothesis is not rejected. Therefore, the mean withdraw has increased during weekend.

3 0

3 years ago

A group of middle school students were given a short course in math. The instructor was curious if a monetary incentive (money)

kap26 [50]

Answer:

Explanation:

Based on the information provided within the question it can be said that in regards to the experiment details the variables are the following:

The Independent Variable would be the $5 in money offered to some of the students. The Dependent Variable would be the test performance of each student. The Experimental group are the students that were offered money . The Control group are the students who were not offered money.

6 0

3 years ago

Identify values of, P, r, n, and t for the following compound interest problem and use those values and the following compound i

Crank

P, r, n, and t for the following compound interest problem and use those values and the following compound interest balance function :- p=20 , r=8 , n=64 , t=4 year

what is compound interest?

Compound interest, also known as interest on principal and interest, is the practice of adding interest to the principal amount of a loan or deposit. It occurs when interest is reinvested, or added to the loaned capital rather than paid out, or when the borrower is required to pay it, so that interest is generated the next period on the principal amount plus any accumulated interest. In finance and economics, compound interest is common.

In contrast to simple interest, which does not compound since past interest is not added to the principal for the current period, compound interest allows interest to build over time. The interest per period multiplied by the number of periods in a year yields the simple annual interest rate.

To learn more about compound interest with the help of given link:

brainly.com/question/18456266

#SPJ4

7 0

2 years ago