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qaws [65]
3 years ago
6

The Lin household’s annual income is $188000. Based on the U.S. federal tax rates below, what is the average tax rate for the Li

n household? (Assume zero tax deductions for solving this problem.)
A. 45%
B. 24.41%
C. 22.22%
D. 33%
Business
1 answer:
Sedaia [141]3 years ago
6 0

Answer:

24%

Explanation:

For the taxes due on April 2020 (current year taxes):

The Lin household falls under the fourth tax bracket for married individuals filing jointly:

  • tax rate 24%
  • Income between $171,051 to $326,600

If no deductions were available, they would owe $188,000 x 24% = $45,120 in taxes.

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The systematic design, collection, analysis, and reporting of data relevant to a specific marketing situation facing an organiza
Levart [38]

Marketing research is the systematic design, collection, analysis, and reporting of data and findings relevant to a specific marketing situation facing the company.

Market research is the system of figuring out the viability of a new product or service thru studies performed directly with capability customers. marketplace studies allows a enterprise to find out the target market and get evaluations and other comments from clients approximately their hobby in the product or service.

4 not unusual styles of market research techniques consist of surveys, interviews, recognition of businesses, and purchaser observation.

Interviews are a common form of primary marketplace studies that may be both in-intensity or as easy as asking a question. An instance of an interview in market research is while a enterprise calls a cutting-edge purchaser to invite how they may be enjoying a product they lately purchased.

Learn more about market research here: brainly.com/question/24448358

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8 0
2 years ago
How does the trade benefit the society?
alexdok [17]

Answer:

<em>Trade is critical to America's prosperity - fueling economic growth, supporting good jobs at home, raising living standards and helping Americans provide for their families with affordable goods and services.</em>

4 0
3 years ago
On January 1 of the current year, Tell Co. leased equipment from Swill Co. under a 9-year sales-type (finance) lease. The equipm
Salsk061 [2.6K]

Answer:

The yearly depreciation on the asset is $56,111.11

Explanation:

In calculating the right-of-use asset on a lease,the present of value of future cash payments,that is lease liability amount is added to any lease payments paid on or before commencement of lease agreement,direct initial costs,as well as with any likely amount to be incurred in restoring asset's site or dismantling the asset after usage.

In this case,only present value of future cash flows is available,hence that is the amount of right-of-use to depreciated over nine year period.

Depreciation=$505000/9years

                     =$56111.11

7 0
3 years ago
The BRS Corporation makes collections on sales according to the following schedule:
RideAnS [48]

Answer:

$110,300

Explanation:

June collections will comprise of

25% of June sales

71% of May sales

4% of April sales

<u>25% of June sales </u>

=25/100 x 100,000

=$25,000

<u>71% of may sales</u>

=71/100 x $110,00

=$78,100

<u>4% of April sales</u>

=4/100 x $180,000

=$7,200

Total June collections

=$25,000 + $78,100 +$7,200

=$110,300

5 0
3 years ago
Joe is hired by a real estate company to complete a roofing job on one of their projects. The job is very specialized, he is und
IceJOKER [234]

Options:

Yes, Joe is an agent who has that authority.

No, Joe is an employee, but the employee does not have that authority.It depends whether Joe signed a written contract for his employment.

Yes, Joe is an employee.

No, not unless he possesses authority from the principal because Joe is an independent contractor.

Answer:No, not unless he possesses authority from the principal because Joe is an independent contractor

Explanation: An independent contractor is a third party engaged by a principal to transact certain specific jobs or accomplish a certain task on his behalf. An independent contractor does not have any power or authority to represent his or her principal especially when he or she is not authorized to do that on behalf of the principal.

JOE DOESN'T HAVE THE POWER OR AUTHORITY TO ENTER INTO ANY CONTRACT OR AGREEMENT WITH ANOTHER ENTITY FOR HIS PRINCIPAL EXCEPT WHEN GIVEN THE AUTHORITY TO DO SO.

4 0
3 years ago
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