Marginal tax rate in relation to this question is:
The percentage of tax applied to Daniel's income for each tax bracket in which Daniel qualify. Thus, the marginal tax rate is the percentage taken from Daniel's next dollar of taxable income above a predefined income threshold.
Therefore, since Daniel neglected to include a $1,280.00 tax deduction, this will decrease Daniel's taxes by:
$1,280.00 × 0.22 = $281.60
Answer:
Decreases taxes by $281.60
When a tax distorts incentives to buyers and sellers so that fewer goods are produced and sold, the tax has caused a deadweight loss.
<h3>What is meant by deadweight loss?</h3>
- The gap between the production and consumption of any given good or service, including taxes, is referred to as deadweight loss in economics. Deadweight loss is most frequently detected when the quantity generated compared to the quantity consumed deviates from the ideal surplus concentration.
- Overproduction of commodities results in a loss of money. For instance, a baker might only sell 80 of the 100 loaves of bread they produce. There will be a deadweight loss since the 20 remaining loaves will become moldy and dry, and they will need to be thrown away.
- The loss in economic activity that results when the market pricing of products or services change negatively affects consumers and businesses is referred to as deadweight loss.
- You need to know the change in price and the change in quantity demanded in order to compute deadweight loss. Deadweight Loss is calculated using the following formula:. 5 * (P2 - P1) * (Q1 - Q2).
When a tax distorts incentives to buyers and sellers so that fewer goods are produced and sold, the tax has caused a deadweight loss.
To learn more about deadweight loss, refer to:
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(Coming from a non-expert) Miller Company shouldn’t only rely on this product and should periodically develop products that compete with their best-selling product evaluating their effectiveness on doing so. This is one of the many approaches the trillion company (Apple) has used throughout the years (making an Apple Watch so you don’t have to use your iPhone as often, improving the size and battery of the iPhone so you won’t need to use your iPad, improving the processing power of iPads so you won’t have to carry your MacBook everywhere and so on).
Answer:
initial public offering
Explanation:
Initial public offering is also known as IPO it alludes to the first run through an organization freely sells portions of its stock on the open market.
It alludes to the way toward offering portions of a private enterprise to general society in another stock issuance. Open offer issuance permits an organization to raise capital from open financial specialists.
They will likewise pick a trade wherein the offers will be given and consequently exchanged freely.
Answer:
$27,720
Explanation:
The computation of the interest expense
= Principal amount × rate of interest × number of months ÷ (total number of months in a year)
= $198,000 × 14% × (12 months ÷ 12 months)
= $27,720
Basically we applied the simple interest formula to determine the interest expense and the borrowed amount is taken on January 1, 2018 and the interest expense should be reported on December 31, 2018 that comprises of 12 months
