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
spin [16.1K]
3 years ago
10

You and spouse are filing a joint return. Your current deductions have reduced your taxable income to​ $88,990, bringing you int

o the 25 percent tax bracket. The first dollars you earned will be taxed at the​ ________ tax bracket.
Business
2 answers:
Strike441 [17]3 years ago
5 0

Answer:

10%

Explanation:

The current tax brackets (2019 taxes due April 2020) for married filing together are:

Tax rate  Married filing jointly

10%          $0 – $19,400

12%          $19,401 – $78,950

22%          $78,951 – $168,400

24%          $168,401 – $321,450

It doesn't matter if your income is $500 million, $100,000 or $20,000, the first dollars that you earn always fall into the first bracket (10%). Tax brackets are progressive, this means that they increase as your income increases, but everyone starts in the first one.

almond37 [142]3 years ago
3 0

Answer: Deductions

Explanation:

You might be interested in
_____ is not a primary concern when writing menu copy.
NISA [10]

Cleverness is not a primary concern when writing menu copy.

6 0
3 years ago
What is the primary purpose of a cash discount? customer compensation for an out of stock item customer compensation for faulty
romanna [79]
<span>What is the primary purpose of a cash discount? Pay promptly incentive to purchase a specialty item.  </span>There are different stores that offer discounts if you pay with cash instead of a card because they don't lose the fee when a card is swiped. They also receive the money instantly so because the customer is essentially helping them, that is their way of helping out as well. <span>
</span>
4 0
4 years ago
Which of these can be listed as benefits of filing your tax return online? I. Allows you to claim a larger number of deductions
telo118 [61]

Answer:

The answer is: C) II and III

Explanation:

The benefits for filing your tax return online are:

  • You can save money since you don't have to hire an accountant or other professional to file your taxes
  • It is very simple and easy, since the tax software is very user friendly and intuitive.
  • You can file your taxes from anywhere as long as you internet connection. This can save a lot of time and money, instead of having to physically go to an IRS office.
  • Tax software helps you gain financial knowledge and that is always useful.
  • It ensures accuracy since tax program can do accurate calculations on your behalf.
  • You can receive your tax refund faster if you file your taxes online. Usually within 21 days the IRS is sending out refunds based on taxes filed only.
3 0
3 years ago
Read 2 more answers
Casey Motors recently reported net income of $55 million. The firm's tax rate was 40.0% and interest expense was $19 million. Th
nadezda [96]

Answer:

$31.76 million

Explanation:

Economic Value Added is the residual wealth left for shareholders after having accounted for the financing needs of the company as shown by the formula below:

EVA=NOPAT-(WACC*invested capital)

NOPAT is the net operating profit after tax =operating profit(EBIT)*(1-tax rate)

Net income=Earnings before tax*(1-tax rate)

net income= $55 million

EBT=unknown

tax rate=40.0%

$55=EBT*(1-40.0%)

$55=EBT*0.60

EBT=$55/0.60

EBT=$91.67

EBIT=EBT+interest

EBIT=$91.67+$19

EBIT=$110.67

NOPAT=$110.67*(1-40%)

NOPAT=$66.41

WACC=9.0%

perating capital employed=$385

EVA=$66.41-(9.0%*$385)

EVA=$31.76 million

operating capital em

3 0
3 years ago
Financial intermediaries
Lesechka [4]
1.d.exacerbate all of the problems caused by asymmetric information
2.d.it is concentrating the loan risks
4 0
3 years ago
Other questions:
  • Urgency, specific application, and size of order are examples of ________ segmentation variables for business markets.a. Situati
    12·1 answer
  • International issues of social responsibility and ethical behavior are: difficult and not as clear-cut as U.S. firms would like
    5·1 answer
  • The risk premium of a security is determined by its ________ risk and does not depend on its
    15·1 answer
  • What criteria is used to determine the date when foreign taxes are accrued for purposes of the foreign tax credit?
    11·1 answer
  • Trudy’s monthly expenses are outlined in the chart below. Trudy’s job pays her $36,000 annually. Determine Trudy’s DTI (debt-to-
    13·2 answers
  • The budgeted variable selling and administrative expense is calculated by multiplying the budgeted unit sales by the variable se
    7·1 answer
  • PLEASE HELP!!! I NEED HELP WITH THE WHOLE TEST SOMEONE PLS HELP
    8·1 answer
  • Accounting systems that use standards for product costs are called budgeted cost systems. True False
    5·1 answer
  • Beatrice invests $1,410 in an account that pays 3 percent simple interest. How much more could she have earned over a 4-year per
    13·1 answer
  • Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity. 1. Buy $15,000 worth of
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!