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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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On February 3, Smart Company sold merchandise in the amount of $4,100 to Truman Company, with credit terms of 2/10, n/30. The co
Ksju [112]

Answer:

Dr Cash $4,018

Dr Sales discounts $82

Cr Accounts receivable $4,100

Explanation:

Based on the information given The Appropriate journal entry that Smart makes on February 8 is:

February 8

Dr Cash $4,018

Dr Sales discounts $82

Cr Accounts receivable $4,100

Workings:

Sales Discounts = $4,100 × .02

Sales Discounts= $82

Cash = $4,100 − $82

Cash = $4018

3 0
3 years ago
Henry is demonstrating his gross motor skills when he picks up cheerios from his high-chair tray.
mafiozo [28]
<span>This is incorrect. Henry is actually demonstrating fine motor skills. Gross motor skills are those skills that pertain to large movements like walking, balance, jumping, etc. Fine motor skills are those that pertain to fine manipulation like writing, picking up small objects (like the cheerrios), or tying a knot.</span>
8 0
3 years ago
What are the four steps you can take if you are at risk of becoming unemployed
a_sh-v [17]

Answer:show up on time, accept overtime

Explanation:

5 0
2 years ago
When a buyer’s willingness to pay for a good is equal to the price of the good, a. the buyer’s consumer surplus for that good is
igomit [66]

Answer:

a. the buyer’s consumer surplus for that good is maximized.

Explanation:

The consumer will purchase up to the moment at whose preference price matches the market price.

Because of the diminished return theory, the following unit (k+1) will have a lower benefit to the consumer thus, it will have purchased only if the price is lower. Therefore, it will not purchase as the market price is the same as the previous unit but the consumer benefit is lower.

6 0
3 years ago
3. Claudia Aceves borrowed $845,000 from U.S. Bank to buy a home. Less than two years into the loan, she could no longer afford
Pavlova-9 [17]

Answer:

Yeah, her argument will be good in Aceves. The further explanation is given below.

Explanation:

The promissory clause applies to just the requirement that although no attorney seems to be legal, a commitment is actionable. This happens whenever the Promiser already made that commitment to something like the Promisee who performs mostly on commitment.

  • Aceves having operated throughout the specific situation mostly on the foundation of the Bank's commitment or withdrew its complaint. Therefore in this circumstance, the essential requirement that perhaps the promisee would have focused mostly on promiser is accomplished.
  • Consecration of promise to pay estoppels is founded on either the ideals of equity as well as justice. The lender's action was unreasonable to Aceves and because of that, the premise would be effective on either the bank as to when the applicant was working on a pledge basis. Thus Aceves will be accurate in her argument.

8 0
3 years ago
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