Answer: d. $72,179
Explanation:
For couples filing jointly in 2018, their tax rates are as follows:
10% for $0 to $19,050
12% for $19,051 to $77,400
22% for $77,401 to $165,000
24% for $165,001 to $315,000
32% for $315,001 to $400,000
But income tax is progressive, so the tax rate only applies to the amount in that bracket above the basic tax. So their first income of $19050 is taxed at 10% and the next 58350 is taxed at 12% and so on.
For a taxable income of 340000
, the applicable tax is as follows:
19050 at 10% = 1905
58350 at 12% = 7002
87600 at 22% = 19272
150000 at 24% = 36000
25000 at 32% = 8000
1905 + 7002 + 19272 + 36000 + 8000 = $72,179
Answer:
C.
Explanation:
Banks use excess reserves to make loans to customers so that they can make profits on the intrest.
Answer:
B. They rely more heavily on tourism
Explanation:
Unlike Australia and New Zealand which are heavily industrialized economies with lot of sectors being very well developed, the rest of the Pacific nations can not say the same. The Pacific island nations are heavily reliant on the tourism, so the majority of the profit in them comes through he tourists that visit them. This makes them very vulnerable economically as they depend only on one thing for income, and if there's some problems in the tourist sector then they are in deep trouble. For most of these nations the income from the tourism is actually not enough for them to sustain themselves, so they also rely a lot on foreign support.
<span>B) indirectly, by the Electoral College
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