Answer:
Contact the IRS to see if there is a payment plan that works for you.
Explanation:
In a situation where someone determines that they cannot pay the tax liability, it is advisable to still file the tax return by the stipulated deadline. Additionally, contact the Internal Revenue Services(IRS) and explain your situation; they most likely have other payment plans that would work for you. Ignoring the tax bill and hoping that IRS will overlook it can lead to penalty; this might be very costly.
The marginal tax rate and the average tax rate for a person who earns $70,000 will be $1,443 per month.
<h3>Marginal tax rate </h3>
The marginal tax rate is the amount of additional tax paid for every additional dollar earned as income. The average tax rate is the total tax paid divided by total income earned. A 10 percent marginal tax rate means that 10 cents of every next dollar earned would be taken as tax.
<h3>
Average tax rate </h3>
A taxpayer's average tax rate (or effective tax rate) is the share of income that they pay in taxes. By contrast, a taxpayer's marginal tax rate is the tax rate imposed on their last dollar of income. Taxpayers' average tax rates are lower — usually much lower — than their marginal rates.
Learn more about marginal tax rate and average tax rate here :
brainly.com/question/10798743
#SPJ4
Answer:
a. Wheels are direct material cost as are essential for the automobile to complete, as the cars one of the main equipment is wheels as it will not work without wheels.
b. Glass used in vehicle's windows are also direct material cost, as the material is directly used in automobiles to complete it.
c. Wages are direct labor cost, as to make an automobile labor need to work on the process and assemble all the materials properly in the automobile and then they re paid wages in exchange.
COMPLETE QUESTION:
Demand Supply
P = 50 - QD P = 10 + 1/3 QS
QD = 50 - P QS = 3P - 30
Refer to Table 4-6.ȱȱ
The equations above describe the demand and supply for Aunt Maudȇs
Premium Hand Lotion.ȱȱ
The equilibrium price and quantity for Aunt Maudȇs lotion are $20 and
30 thousand units.ȱȱ
What is the value of consumer surplus?
Answer: $450,000
Explanation:
P = 50 - QD P = 10 + 1/3 QS
QD = 50 - P QS = 3P - 30
Using the above equation,
Consumer surplus = $450,000
Answer:
Correct Answer:
b. Select the choice with the highest value.
Explanation:
In the rational choice decision process model, it is a series of process whereby steps are taking towards making a beneficial decision for a given business setup. <em>In a situation where </em><u><em>possible choices has been discovered,</em></u><em> the next step would be </em><u><em>to select the choice with the highest value which is going to be implemented.</em></u>
