Solve for x
1 answer:
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Answer:
(a) Ebony's taxable income = $42,540
(b) Amount of tax due = $5190.3
(c) Amount of tax owed = $4810.3
Step-by-step explanation:
Ebony's gross income = $46,660 (given)
Allowable tax deductions = $4,120 (given)
(a) Taxable Income = Gross income - Tax deductions
Ebony's taxable income = $46,660 - $4,120
Ebony's taxable income = $42,540
(b) Amount of tax due = 22% of Taxable Income,
Refer to the USA Tax Brackets for 2019 (See Attached image)
Amount of tax due = 10% on first $9,700 + 12% on ($39475-$9700) + 22% on ($42540-$39475).
Amount of tax due = 10% on first $9,700 + 12% on $29775 + 22% on $3065.
Amount of tax due = $970 + $3573 + $647.3
Amount of tax due = $5190.3
(c) Ebony pays $95 per week in tax. In four weeks (a month), she'd pay
$95 * 4 = $380
Amount of tax owed = Amount of tax due - Amount of tax paid
Amount of tax owed = $5190.3 - $380 = $4810.3
Remember: a^2 + b^2 = c^2
1
64 + 49 = 113
√113 =
2
100 - 25 = 75
square root of 75 = 5
Answer:
14.19% probability that exactly three of the twelve support the increase.
Step-by-step explanation:
For each Missourian, there are only two possible outcomes. Either they support the increase, or they do not. The probability of a Missourian supporting the increase is independent of other Missourians. So we use the binomial probability distribution to solve this question.
Binomial probability distribution
The binomial probability is the probability of exactly x successes on n repeated trials, and X can only have two outcomes.
In which is the number of different combinations of x objects from a set of n elements, given by the following formula.
And p is the probability of X happening.
40% of Missourians favor increasing the minimum wage.
This means that
Twelve Missourians are selected at random and asked whether they support the increase.
This means that
Find the probability that exactly three of the twelve support the increase.
This is P(X = 3).
14.19% probability that exactly three of the twelve support the increase.