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Hunter-Best [27]
2 years ago
14

arlene is single and ahas taxable income of $34000. her tax liability is currently $4636. she has the opportunity to earn an add

itional $6000 this year. her tax liability will grow to $5771 if she receives the additional income. what is arlene's marginal tax rate for the additional $6000?
Business
1 answer:
Kipish [7]2 years ago
7 0

Answer:

The marginal tax rate for the additional $6000 is 15.58%.

Explanation:

Arlene has a taxable income of $34,000.

Her tax liability is currently $4636.

Her income is to be increased by $6000.

Her tax liability will increase to $5571.

Marginal tax rate

= \frac{change\ in\ tax}{change\ in\ taxable\ income}

= \frac{5571 - 4636}{6000}

= \frac{935}{6000}

= 0.1558

So the marginal tax rate is 15.58%.

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A tragic flaw in a character is cause by
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Tragic flaw is a literary device that can be defined as a trait in a character leading to his downfall, and the character is often the hero of the literary piece. This trait could be the lack of self-knowledge, lack of judgment, and often it is hubris (pride).
3 0
3 years ago
Which of the following makes it more difficult for an incumbent to successfully engage in limit pricing? Multiple Choice Complet
kirill115 [55]

Answer:

Complete information

Explanation:

A limiting pricing can be described as a strategy that is employed by an incumbent to prevent entry by maintaining a price lower than the monopoly price.

In situation whereby there is completion information, it will be more difficult for an incumbent to successfully engage in limit pricing because knowledge about the incumbent, the market, product, and others is available to others.

7 0
2 years ago
Logan, an employee of Argon Industries, earned a salary of $60,000 in year 2. In addition, the following two transactions betwee
Mariana [72]

Answer:

$88,000

Explanation:

Calculation to determine What amount of compensation should Argon report in Logan's Form W-2 for year 2

First step is to determine the bargain element

Bargain Element=$25 per share-$10per share

Bargain Element=$15 per share

Now let determine the amount of compensation

Using this formula

Compensation=Salary earned+Taded stock+(Shares of publicly traded stock*Bargain element)

Let plug in the formula

Compensation=$60,000+$13,000+($100 shares*$15 per share)

Compensation=$60,000+$13,000+$15,000

Compensation=$88,000

Therefore the amount of compensation that Argon should report in Logan's Form W-2 for year 2 $88,000

8 0
3 years ago
Josie wants to develop genetically altered plants to help increase plants’ growth and resilience. Which level of education would
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A master’s degree....
6 0
3 years ago
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"Some business and political leaders argue that offshoring is dangerous because it can move jobs from developed countries to les
vladimir2022 [97]

Answer and Explanation:

Arguments for U.S. Company offshoring:

1. Cost savings:

Companies usually offshore manufacturing or services to developing countries where wages are low, thus resulting in cost savings. These savings are passed on to the customers, shareholders and managers of these companies.

2. Skills:

The competitive advantage of nations often means that some countries or regions develop a much better ecosystem for certain types of industries. This means there is better availability of skilled human resources in that region for specific types of tasks. For example, India and the Philippines have a large pool of English-speaking, college educated youth; as well as a mature training infrastructure; that makes it ideal for business process outsourcing. Therefore, many companies choose to offshore certain business functions (e.g. call centers for customer support) to these locations.

Arguments for U.S. Company offshoring:

1. Quality Control:

While companies can set quality standards for work performed by foreign employees, language and cultural barriers, as well as overseas supply chains, can present barriers to quality control. Products made overseas can be flawed because of out-of-date or worn equipment in overseas factories, or substandard raw materials. In 2000, for example, Masterlock had to recall more than 750,000 locks made in China. Worn dies at the Chinese factory produced locks that could be pulled apart without a key.

2. Public Image:

In times of high unemployment in the United States, sending jobs out of the country can hurt a company’s public image. Fewer regulations in other countries can make it less expensive for American factories to operate, but environmental damage and labor abuses that make the news can tarnish the image of companies involved there. Consumers have organized boycotts against companies that use child labor or sweatshops to produce clothing and shoes. In response, companies such as Nike, Dell and Gap have established codes of conduct for their suppliers.

8 0
3 years ago
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