Answer:
c. 52% to 28%
Explanation:
Reagan signed the Tax Reform act in 1986 on October 22 which is commonly known as the second of the two Reagan tax cuts. It was for the first time in the U.S. income tax history that the top tax rate was lowered and the bottom rate was increased. The top rate was reduced from 52% to 28%, which helped all the executives to save the money and could buy home worth 25 million just in annual pay.
Answer:
The average tax rate is 26.17%
Explanation:
The computation of the average tax rate having the taxable income is $130,513 is shown below:
$50,000 × 0.15 = $7,500
$25,000 × 0.25 = $6,250
$25,000 × 0.34 = $8,500
$30,513 × 0.39 = $11,900.07
Tax amount is $34,150.07
Now the average tax rate is
= Tax amount ÷ taxable income × 100
= $34,150.07 ÷ $130,513 × 100
= 26.17%
Hence, the average tax rate is 26.17%
Answer:
A $13,250.00
Explanation:
The formula for calculating balance at the end of a period using simple interest is as below.
A = P(1+rt)
A = final amount
P= principal amount which is $12500
r= interest rate 6% or 0.06
t = time which is 1 year
A = $12,500(1+0.06 x 1)
A = $12500 x1.06 x 1
=$12500 x 1.06
=$13,250
Answer:
Economic activity refers to a human activity related to production and consumption of goods and services for economic gain. Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain. Economic, i.e. to earn money.
Explanation:
Answer:
The correct answer to the following question is B) primary demand stimulation.
Explanation:
Primary demand stimulation can be defined as such advertising messages, whose main objective is to promote the benefits of a product or product category, rather than promoting a whole brand. The main purpose of making such advertisement is to influence the buying decisions of consumers by telling them about the benefits of product and also in situation when a new product has been launched or technological up gradation has been made.