1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sedbober [7]
3 years ago
9

Campbell, a single taxpayer, earns $400,000 in taxable income and $2,000 in interest from an investment in State of New York bon

ds. (Use the U.S. tax rate schedule.) Required: How much federal tax will she owe? What is her average tax rate? What is her effective tax rate? What is her current marginal tax rate?
Business
1 answer:
Artist 52 [7]3 years ago
3 0

Answer: Campbell will owe $115,858.25 in federal income tax this year computed as follows:

$115,858.25= $45,353.75+ 33% x ($400,000 - $186,350)).

Campbell's average tax rate is 28.96 percent.

Average Tax Rate = TotalTax / TaxableIncome = $115,858.25 / $400,000 = 28.96

Campbell's effective tax rate is 28.82 percent.

Effective tax rate = TotalTax / TotalIncome = $115,858.25 / ($400,000 + $2000) = 28.82

Campbell is currently in the 33 percent tax rate bracket. Her marginal tax rate on deductions up to $213,650 will be 33 percent. However, her marginal tax rate on the next $5,100 of income will be 33%, and income earned over $405,100 will be 35 percent. Income earned in excess of $406,750 will be taxed at 39.6%.

You might be interested in
For a differentiation strategy to strengthen a company's strategic position and boost its competitive advantage, ______.
Tanya [424]

For a differentiation strategy to maintain a company's strategic situation and increase its competitive advantage an increase in value creation much surpass the increase in costs.

<h3>How does a differentiation strategy benefit in gaining a competitive advantage?</h3>

Differentiation gives a party two advantages:

-It can allow the firm to charge a premium price for its good or service, should it choose to do so.

-It can help the firm to grow overall need and capture market share from its rival.

A generic strategy attempts to convince clients to pay a premium price for its good or services by supplying unique and desirable features. Using a differentiation strategy suggests that a firm is contesting based on uniqueness, rather than price.

To learn more about differentiation strategy visit the link

brainly.com/question/16448107

#SPJ4

4 0
1 year ago
What came first the chicken or le egg?
Tems11 [23]
The chicken came first
5 0
3 years ago
Read 2 more answers
As of 2018, U.S. tax law limits the tax deduction for interest payments to 30 percent of: Multiple Choice
frutty [35]

Answer:

EBIT

Explanation:

As of 2018 US Tax law limits the tax deduction for interest payments to 30 percent of EBIT.

<em>The Office of Tax Policy develops and implements tax policies and programs, reviews regulations and rulings to administer the Internal Revenue Code.</em>

<em />

4 0
3 years ago
A market segment is a group of individuals or organizations who share one or more characteristics.
Anastaziya [24]

Answer: True

Explanation: A part of population having one or more characteristics, grouped together for the purpose of marketing is called market segmentation. Market segmentation population have two or more common characteristics.

Market segmentation can be done on various different basis like geography, age or gender etc.

Hence, from the above explanation we can conclude that the statement is true.

6 0
3 years ago
Henson Company has an investment opportunity that costs $9,936 and increases annual net cash flows by $3,000. Assuming a present
sasho [114]

The Net Present Value of the Investment is -$1,064

<h3><u>SOLUTION</u></h3>
  • “Net present value is the present value of the cash flows at the required rate of return of your project compared to your initial investment,” In practical terms, it's a method of calculating your return on investment, or ROI, for a project or expenditure.
  • An investment is an asset or item acquired with the goal of generating income or appreciation. Appreciation refers to an increase in the value of an asset over time. When an individual purchases a good as an investment, the intent is not to consume the good but rather to use it in the future to create wealth.

Annual Cash Inflows                   $3000

Present Value Factor                  3.312127,

Present Value of Cash Inflows   $9936

Less: Initial Investment               $11,000

Net Present Value                      -$1,064

<h3><u>EXPLANATION</u></h3>
  • In net present value method the future cash inflows rate are discounted to present net value at discount rate (PV FACTOR)
  • The rationale for discounting is money received today is more valuable than the money to be received in future.
  • So the present value of cash inflows is compared with initial investment if net present value is positive then the project is accepted otherwise its rejected.

In this case the net present value is negative, hence the project will be rejected.

To know more about Net present value, click the given links.

brainly.com/question/17185385

brainly.com/question/23857734

#SPJ4

5 0
2 years ago
Other questions:
  • On december 31, 2017, swan company sold for $150,000 an old machine having an original cost of $170,000 and a book value of $120
    14·1 answer
  • You own a house that you rent for $1,475 per month. The maintenance expenses on the house average $275 per month. The house cost
    12·1 answer
  • As an hr manager, you would most likely use a strategy map to ________.
    13·2 answers
  • Bobbi and Stuart are partners. The partnership capital of Bobbi is $35,300 and that of Stuart is $77,700. Bobbi sells his intere
    13·1 answer
  • Cajemp Inc. is a real estate developer that has been in the market for several years. Most real estate developers are now constr
    8·1 answer
  • Suppose you deposit ​$2 comma 0002,000 cash into your checking account. by how much will checking deposits in the banking system
    7·1 answer
  • Pick Industries produces plastic toothpicks that it sells to distributors in the Southwest. During the early 1990s, the price of
    10·1 answer
  • Which of the following is true of external recruiting, compared to internal recruiting?
    13·1 answer
  • An agreement to purchase goods and services with a specified percentage of proceeds from an original sale in that country from a
    15·1 answer
  • Greg Winston has gone bankrupt and started a lemonade stand. He has invested $400 in lemonade equipment, and he sells a glass of
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!