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Kitty [74]
2 years ago
6

The City of Willford levies a flat 7% tax on individual income in excess of $55,000. Individuals who earn $55,000 or less pay no

income tax. Ms. Vello earned $127,200 income this year. Compute her city income tax and determine her average tax rate. Mr. Sui earned $68,900 income this year. Compute his city income tax and determine his average tax rate. Does Willford have a proportionate, progressive, or regressive tax rate structure?
Business
1 answer:
otez555 [7]2 years ago
4 0

Answer:

Explanation:

• Ms. Vello earned $127,200 income this year. Compute her city income tax and determine her average tax rate.

Ms. Vello's tax is calculated as:

= $72,200 × 7%

= $72000 × 0.07

= $5054

Her average tax rate will be:

= $5,054/$127,200

= 3.97%

• Mr. Sui earned $68,900 income this year. Compute his city income tax and determine his average tax rate.

Mr. Sui's tax will be:

= $13,900 × 7%

= $13900 × 0.07

= $973

His average tax rate will be:

= $973/$68,900

= 1.41%

• Does Willford have a proportionate, progressive, or regressive tax rate structure

Willford has a progressive tax rate. This is because as the base rises, the tax rate also increases. The higher the income, then the higher the tax rate will also be.

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The answer is a voidable contract
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the tendency of naive investors to buy high (after prices have risen for several periods) and sell low (after prices have droppe
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The tendency of naive investors to buy high (after prices have risen for several periods) and sell low (after prices have dropped for several periods) can be explained by the behavioral tendency known as anchoring.

<h3>What does anchoring in purchasing behavior mean?</h3>

A behavioral finance heuristic known as "anchoring" refers to the unconscious use of unimportant information, such as the price at which a security was purchased, as a fixed reference point (or "anchor") for making decisions about that security in the future.

The cognitive bias known as "anchoring" occurs when the mere existence of an initial number has an outsized impact on later decision-making. The TV's exorbitant cost acts as an anchor that encourages buyers to spend more money than they intend to. By announcing a lower price after stating a price, the anchoring effect in making purchase decision is activated. Customers will view the higher price as being more comparable to the original, lower price than the alternative prices being provided.

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4 0
1 year ago
The quadratic function f(x)=2x^2-24x+c has two zeros that differ by 18. Find the value of c.
murzikaleks [220]
For this case we have the following function:
  f (x) = 2x ^ 2-24x + c
  We set zero to find the roots of the function.
  We have then:
  2x ^ 2-24x + c = 0
  x ^ 2-12x + c / 2 = 0
  Factoring we have:
  (x - / + x1) (x - / + x2) = 0
  On the other hand we have:
  x2-x1 = 18
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  Solving the system we have:
  x1 = -15
  x2 = 3
  Substituting we have:
  (x-15) (x + 3) = 0
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7 0
3 years ago
An analysis of the amount of fiber​ (in grams) and the potassium content​ (in milligrams) in servings of 77 breakfast cereals pr
hammer [34]

Answer:

<em> C. The model predicts that cereals will have approximately 29 more milligrams of potassium for every additional gram of fiber.</em>

Explanation:

The r<em>egression model </em>is:

          \widehat{Potassium}=37+29Fiber

That model means that the average content of potassum (in mg) in breakfast cereals can be predicted from the content of fiber (in grams) by adding a constant of 37 to the product of 29 and the content of fiber.

Thus, the graphs of the content of potassium model is a line with an initial (y-intercept) value of 37, and a <em>slope</em> of 29.

The <em>slope</em> of a line is the ratio of change of the independent variable (<em>potassium content</em>) to the dependent variable (<em>fiber content</em>).

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Thus, that shows that the slope means the the model predicts <em>the cereals will have approximately 29 more miligrams of potassium for every additional gram of fiber.</em>

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Answer:

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Explanation:

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