If the goal of a government policy change is to increase the incentive for taxpayers to work and/or invest, <u>a decrease in </u><u>marginal tax rates</u> policy is most likely to be successful.
<h3>What is Marginal Tax Rate?</h3>
The marginal tax rate is the amount of additional tax that must be paid for each additional dollar of income received. The average tax rate is calculated as total taxes paid divided by total income earned.
An individual with a taxable income of $24,750, for example, will pay taxes at a rate of 10% on the first $19,900 of income and 12% on the remaining $5,000 since portion of the individual's income is subject to the higher tax rate of 12%.
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Answer:
test marketing stage
Explanation:
Test marketing stage -
It is the method , where the population is made to decide about the sample of any product before the complete launch of the product , is known as test marketing stage .
This method helps to get the proper opinion of the product , whether it can survive in the market or not , before the launch of the complete range of product .
hence , from the question , the correct term for the given information of the question is test marketing stage .
Answer:
The answer is;
Deviation is the difference between the observed value of a quantity and the true value, residual is the difference between the observed value of a quantity and the mean of the observed values
Explanation:
The error of an observed value is the deviation of the observed value from the true value of a quantity of interest (for example, a population mean).
The residual of an observed value is the difference between the observed value and the estimated value of the quantity of interest (for example, a sample mean)
Basing it on the information given, he
will owe an additional $731.
<span>Since your taxable income has been
identified, you just look up your income, find the column with your filing
status, and then find the amount of tax you owe.</span>
Answer:
Deductible interest expense of $1440 and deductible education expense of $4000.
Explanation:
There are certain tax laws which allows a tax payer to deduct his expenses from the taxable amount. The tax payer can deduct interest expense from the taxable amount since it is a tax shield. Lionel can deduct an interest expense of $1440 from the taxable amount and he can deduct $4000 for his education from the taxable amount.