1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zhuklara [117]
3 years ago
12

Miranda works 40 hours a week at a wage rate of ​$25. Thus, her total weekly income is ​$1000. On this​ income, she pays total t

axes of ​$80.00. ​However, she calculates that on the last hour that she​ works, she pays ​$3.75. Her average tax rate is 8%. What is her marginal tax rate?
Business
1 answer:
Vlad1618 [11]3 years ago
8 0

Answer:

15%

Explanation:

If Miranda works 40 hours a week at a wage rate of ​$25. and she ​however calculates that on the last hour that she​ works, she pays ​$3.75. then her marginal tax rate is derived as follows

<em>The marginal tax rate is the incremental tax paid on incremental income.</em>

From the scenario, we are given the following:

Weekly wage rate is $25.

Weekly tax pay is $3.75

Hence, Marginal tax rate  can be computed as = $3.75 / $25 = 15%

You might be interested in
John, an American executive, learns that a foreign subsidiary hired a 12-year-old orphan girl to work on the factory floor. He k
tino4ka555 [31]

Answer: An ethical dilemma

Explanation:

An ethical dilemma is a situation where an individual is faced with making a decision between two options where if any option is chosen the individual might act against his/her moral principle. Like in the question, John is faced with the option of either complaining about child labor and then the child losses his/her source of income or allowing things to be as they already are.

4 0
3 years ago
Read 2 more answers
Stormer Company reports the following amounts on its statement of cash flow: Net cash provided by operating activities was $30,5
DIA [1.3K]

Answer:

$38,500

Explanation:

Sheridan's ending cash balance can be calculated as;

= Beginning cash balance + cash provided by operating activities + cash provided by financing activities - cash used by investing activities

= $5,500 + $30,500 + $13,500 - $11,000

= $38,500

Therefore, the ending cash balance is $38,500

6 0
3 years ago
g: Sorin Incorporated, a company that produces and sells a single product, has provided its contribution format income statement
madam [21]

Answer:

Total contribution margin= $59,800

Explanation:

Giving the following information:

Unitary selling price= 155,400 / 4,200= $37

Unitary variable cost= 100,800 / 4,200= $24

<u>To calculate the total contribution margin, we need to use the following formula:</u>

Total contribution margin= units sold*(selling price - unitary variable cost)

Total contribution margin= 4,600*(37 - 24)

Total contribution margin= $59,800

6 0
3 years ago
Sheffield Company discovered the following errors made in January 2022.
Tasya [4]

Answer:

A)

1. Dr Cash 400

    Cr Equipment 400

Dre Wages expense 400

    Cr Cash 400

2. Dr Service revenue 550

    Cr Cash 550

Dr Cash 5,500

    Cr Service revenue 5,500

3. Dr Accounts payable 260

    Cr Equipment 260

Dr Equipment 620

    Cr Accounts payable 620

B)

1. Dr Wages expense 400

    Cr Equipment 400

2. Dr Cash 4,950

    Cr Service revenue 4,950

3. Dr Equipment 360

    Cr Accounts payable 360

4 0
3 years ago
Name three rules for creating an effective presentation to summarize a pi team's activities
anyanavicka [17]
In order to <span>create an effective presentation to summarize a PI team's activities PI team members should u</span><span>se large fonts in the presentation so that people can read the boards from a distance.
Also they should map the board in advance with labels for each section. 
 And third, the presentation should keep detailed information in a team record binder for reference.
</span>
6 0
4 years ago
Other questions:
  • Which country, of those listed below, has the lowest percentage of women in senior management?
    12·1 answer
  • When vegans carry signs that read "meat is murder" or when antiabortion marchers hand out literature illustrated with gruesome p
    8·1 answer
  • Olga buys a bag of potato chips every day after her economics class. The first potato chip always tastes wonderful. The second d
    9·1 answer
  • Whats better, be an hour early to work, or 15 minutes late?
    5·1 answer
  • When Devin Spencer went to work for a printing shop, he thought he was going to have to join the union representing the shop. Ho
    6·1 answer
  • Why is gasoline weighted more heavily than tomatoes in a calculation of the annual inflation rate in the United States
    6·2 answers
  • What does a general disk cleanup do?
    11·1 answer
  • Determine whether each of the following goods is a private good, a public good, a common resource, or a club good. Private Good
    5·1 answer
  • All of the following are examples of mixed economies EXCEPT
    5·1 answer
  • Borrowing money to pursue an advanced degree makes sense if _____. a. you can earn a scholarship to pay for your educational cos
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!