Using the standard 28/36 guidelines, if the maximum monthly mortgage payment allowed for someone applying for a home loan is $1,
2 answers:
You might be interested in
Answer:
Effective tax rate =28.50 %
Explanation:
given data
Net Income before taxes = $2,00,000
Interest revenue = $20,000
Life insurance Premium = $10,000
tax rate = 30%
to find out
Fern's effective tax rate
solution
first we get here Taxable Income that is express as
Taxable Income = Net Income before taxes + Life insurance Premium - Interest revenue ........................1
put here value we get
Taxable Income = $2,00,000 + $10,000 - $20,000
Taxable Income = $190000
so
Income tax Liability will be
Income tax Liability = Taxable Income × Tax rate .....................2
Income tax Liability = $190000 × 30%
so Effective tax rate will be
Effective tax rate =
Effective tax rate =
Effective tax rate =28.50 %
Answer: Four pies.
Explanation:
Marginal cost is the additional cost of producing one extra unit of a good or service.
From this graph we see the marginal cost rise when the first pie is produced and then it subsequently decreases as the second and third pie is produced which is where it reaches its lowest point.
From the fourth pie, the marginal cost begins to rise again which means the marginal cost begins to increase when the producer makes four pies.
