Answer:
Step-by-step explanation:
Tax payable:
= $4,543+($41,000-$39,476)×22%
= $4,543+$335.28
= $4,878.28
Tax rate:
= $4,878.28/$41,000
= 11.9%
<em>Hence, Tax rate is 11.9%</em>
To calculate expected value,
We can add up the probability of all possible events.
The 2 possible events are either winning $50 or losing the prize, which is $ - 50
Expected value =
50 x 40 % + (-50) x 60%
= $-10
So the answer is $-10
Answer:
Of means multiply in math (most of the time).
So multiply.
2/5 x 7/10 = 14/50 divided by 2/2 = 7/25
Step-by-step explanation:
