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
mote1985 [20]
3 years ago
10

If your salary is $42,500 and your federal income taxes are 10% of your salary, how much money will you owe this year in federal

taxes? Assume you have no deductio
Business
1 answer:
SIZIF [17.4K]3 years ago
5 0
Income                   $42,500
Less:
Deductions           <u>           0</u>
Taxable Income    $42,500
Tax rate                  <u> x        10%</u>
Tax payable             $4,250

Bear in mind that since the problem is silent, I have assumed that deductions based on marital status, exemptions, PERS or TIAA/CREF retirement contributions are all equivalent to zero (0).


You might be interested in
Merv Grazinski, driving his Winnebago, put it on cruise control to go make coffee. The Winnebago went off the road, turned over
Mars2501 [29]

Answer:

B). Contributory negligence

Explanation:

From the question we are informed about Merv Grazinski, who is driving his Winnebago, put it on cruise control to go make coffee. The Winnebago went off the road, turned over several times, and left Grazinski paralyzed from the waist down. He brings a product liability lawsuit against Winnebago. In this case, the best possible defense for Winnebago to use at trial Contributory negligence. Contributory negligence can be regarded as failure of plaintiff to have a tangible care for their own safety. Plantiff compensation could be reduced by Contributory negligence if confirmed that the occurrence of incident is likely as a result of their actions

7 0
3 years ago
HELP!!!!!
pshichka [43]
It’s 70 $ the answer is 70
5 0
3 years ago
How do I answer this?
Kay [80]
D then c and then the g chord
5 0
4 years ago
During the Truman and Eisenhower administrations, corporate development in the United States:__________
Anastaziya [24]
The answer is discouraged by government
7 0
4 years ago
Marigold corp. has 634000 shares of $10 par value common stock outstanding. during the year marigold declared a 13% stock divide
Vera_Pavlovna [14]

No. of shares outstanding before stock dividend = 634000

Price per share = $46

Stock dividend issued (shares issued) = 634000 x 13%

= 82,420

Value of stocks issued as stock dividend = 82420 x $46 = $3,791,320

No. of shares outstanding after stock dividend = 634,000 +82,420

=716420

Cash dividend = 716420 x 0.60

= 429,852

Total reduction in retained earnings = total value of dividend issued

= $3,791,320 + $429,852

= $4,221,172

3 0
4 years ago
Other questions:
  • Sally has seen such great interest in her scented candles that she has decided to start her own small business selling them. Sal
    15·1 answer
  • What is a trap instruction? explain its use in operating systems?
    12·1 answer
  • Daniel wants to find out if he can notice the difference in light intensity when he adds some lit candles to a set of lit candle
    11·1 answer
  • Which financial decision is this:
    8·1 answer
  • Inbound logistics (receiving and storing materials for distribution to production), operations (transforming inputs into finishe
    6·1 answer
  • If the price of one of the products associated with indifference curves increases, all else the same, what is the result?
    5·2 answers
  • Suppose a riskless project requires an initial investment of $10 and will generate a one-time cash inflow of $30 two years later
    5·1 answer
  • The study by economists Cox and Alm found that the 2006 pre-tax income of the richest fifth of U.S. households is a. 5 times the
    12·1 answer
  • Economic models that make unrealistic assumptions may be useful in analyzing some economic problems.
    5·1 answer
  • An agreement to exchange dollar bank deposits for euro bank deposits in one month is a:_________
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!