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3 years ago

Marc, a single taxpayer, earns $60,000 in taxable income and $5,000 in

Business

1 answer:

lesya692 [45]3 years ago

4 0

Answer:

Federal tax = $10,856.25

Explanation:

Given:

Tax rate schedule for year 2014.

Income between $36,900 - $89,350

$5,081.25 + 25% over $36,900

Total income = $60,000

Computation:

So,Income between $36,900 - $89,350

Federal tax = $5,081.25 + 25% ($60,000 - $36,900)

Federal tax = $5,081.25 + 25% ($23,100)

Federal tax = $5,081.25 + 0.25 ($23,100)

Federal tax = $5,081.25 + $5,775

Federal tax = $10,856.25

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The answer to this question is "VALENCE" such as when the HR Manager told Jim that the company pays the total health insurance costs for a family of four and as a single man, this benefit did not seem especially important and significant to him right now. Here, then Jim is a low on the valence element of the expectancy theory.

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3 years ago

Real GDP per capita in the U.S. grew from about $6,000 in the year 1900 to about $51,500 in 2016, an average growth rate of

ollegr [7]

Answer:

36.84 years and 31.82 years

Explanation:

In this question ,we applied the rule no 70 which means we get to know the estimated number of years for doubling the real GDP

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2 years ago

LTM, Inc. has an issue of preferred stock whose par value is $1,000. The preferred stock pays a 4.5% dividend. If investors requ

Elena L [17]

Answer:

Explanation:

return on preferred stock (rp) = Dividend/ Current price

rate of return = 5.5% or 0.055 as a decimal

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3 years ago

In a traditional economy, which group is most responsible for producing the goods people in society need?

romanna [79]

Answer:

B. Family members

Explanation:

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3 years ago

Read 2 more answers

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2 years ago