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
aleksley [76]
3 years ago
6

Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (U

se the U.S tax rate schedule..) (Do not round intermediate calculations. Round "Federal tax" to 2 decimal places.)a. How much federal tax will he owe?b. What is his average tax rate?c. What is his effective tax rate?d. What is his current marginal tax rate?
Business
1 answer:
Andrew [12]3 years ago
6 0

Answer:

Given that,

Taxable income = $75,000

Interest from an investment = $10,000

Using the U.S tax rate schedule in 2017

(a) Federal tax will he owe = $5,226.25 + 25% × ($75,000 - $37,950)

                                            = $5,226.25 +  $9262.5

                                            = $14,488.75

(b) Average\ Tax\ Rate = \frac{Total\ Tax}{Taxable\ Income}

    Average\ Tax\ Rate = \frac{14,488.75}{75,000}

                                             = 19.32%.

(c)Effective\ Tax\ Rate = \frac{Total\ Tax}{Total\ Income}

Effective\ Tax\ Rate = \frac{14,488.75}{75,000 + 10,000}

                                        = 17.05%          

(d) Chuck is currently in the 25 percent tax rate bracket.

His marginal tax rate on increases in income up to $16,900 and deductions from income up to $37,050 is 25 percent.                                                

You might be interested in
Harrison is generally satisfied with his current work, but he is not satisfied with how much he is being paid and the benefits h
Lostsunrise [7]

Harrison is generally satisfied with his current work, but he is not satisfied with how much he iAs being paid and the benefits he is receiving. Which type of job satisfaction is low for Harrison is facet satisfaction.

Job satisfaction is described as the level of contentment employees sense with their activity. This goes past their each day obligations to cover satisfaction with team participants/managers, satisfaction with organizational rules, and the impact in their process on employees' personal lives.

Activity pride, job satisfaction, or painting pride is a measure of employees' contentedness with their activity, whether or not they just like the job or character factors or sides of jobs, which includes the nature of labor or supervision. activity pride can be measured in cognitive, affective, and behavioral components.

Job satisfaction is primarily based on how we experience our activity – the good profession additives that make us feel valued or let us feel like we've got a cause, vs. the terrible additives, which include long hours or ugly tasks, or feeling undervalued as a worker.

Learn more about job satisfaction  here brainly.com/question/235909

#SPJ4

8 0
2 years ago
Lighting design personnel must: A. Understand environmental, cost, and associated benefits of energy-efficient lighting B. Recog
Setler79 [48]

Answer: All of the above

Explanation:

The Lighting Design Personnel is in charge of the designing, the installation, and the operation of lighting and every other special electrical effects.

Such person must understand environmental, cost, and associated benefits of energy-efficient lighting. Also, he or she must be bake to recognize when specialized knowledge is necessary and also estimate energy cost savings

Therefore, the correct option is all of the above.

6 0
3 years ago
Suppose the number of firms you compete with has recently increased. You estimated that as a result of the increased competition
marysya [2.9K]

Answer and Explanation:

An increase in the number of firms increases the demand elasticity. As the demand elasticity increases from 2 to 3 it means you could encounter less demand if product prices are increased. At a demand elasticity of -3, it is regarded as inelastic demand and a change in price will not affect the demand for the product as customers are still likely to patronize the product example gasoline. Due to its high demand, an increase in price will not readily affect the demand for it. Therefore if you are to change the price from $10 at 2 to 3 demand elasticity increase, the percentage of increase from 2 to 3 is given as.

3-2/2 X 100 = 50%

The new charge (x) at -3 demand elasticity = 50%/3 = 0.66666666

The increase in the new charge is therefore $10 + $10x = $10 + $10(0.166666) = $11.67

3 0
3 years ago
If generalization is observed when the independent variable is introduced to the first baseline in the multiple baseline design,
MrRa [10]
The best answer that completes the statement above is this: CHANGING CRITERION DESIGN.
This question is based on the use of a double-blind study. When we say double-blind study, from the term itself double-blind, it means that neither the experimenters nor the sample or participants are going to receive the treatment of the said experiment. This kind of study is typically used in order to remove bias in the research results. Hope this helps.
3 0
4 years ago
What a example of a social news site
scoundrel [369]

Explanation:

  • It encourages people community to post their news
  • The news can be posted for a group or to a general public too
  • The group or the general public can comment on the news
  • The news which is interesting based on the reviews will be given the top priority

Example:

Reddit - A large site with huge number of user  

Digg - This is also quite popular and it has different categories of news where the user can view news based on his/her interest.

6 0
3 years ago
Other questions:
  • Serendipity Inc. is re-evaluating its debt level. Its current capital structure consists of 80% debt and 20% common equity, its
    5·1 answer
  • List at least three examples of capital as a factor of production, and explain how it is different from land.
    14·1 answer
  • Suppose you borrow​ $1,000 at an interest rate of 12 percent. if the expected real interest rate is 5​ percent, then the rate of
    7·1 answer
  • The company purchases equipment with cash - The Equity account does the following:
    5·1 answer
  • Collector Carl displays his beer can collection at the local swap meet. Mary sees the collection and is interested in buying it.
    14·1 answer
  • For a monopoly, the socially efficient level of output occurs where marginal revenue equals marginal cost. average revenue equal
    7·1 answer
  • A prospective borrower has an estimated monthly housing expense of $486, and his monthly obligations total $684. If the borrower
    12·1 answer
  • Your grandfather tells you that he earned​ $7,000/year in his first job in 1961. You earn​ $35,000/year in your first job in 201
    12·1 answer
  • In the former Soviet Union, the quantities of output and prices to be charged by key firms were determined by
    7·1 answer
  • Which is the most effective way to discover customers' needs? multiple choice question. regulatory oversight marketing research
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!