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ololo11 [35]
4 years ago
13

A single person making $20,000 would pay ________ per cent on $7,550 and 15% on the remainder..

Business
1 answer:
V125BC [204]4 years ago
8 0

Answer:

10 per cent.

Explanation:

$7,550 falls under 10% in the marginal tax rate for a single person.

The remainder is $20,000 - $7,550

= $12,450.

That falls under 15%.

Therefore a single person making $20,000 will pay 10% for $7,550.

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for example - if someone is not satisfied by the judgment on eligibility to the particular post then the person can appeal to the higher authority to seek the result according to him/her.

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3 years ago
Assume the marginal propensity to consume is 0.75. What will happen if government spending increases by $100 billion
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What will happen if government spending increases by $100 billion is:

Real output will increase by a maximum of $400 billion.

<h3>Government spending</h3>

Using this formula

Multiplier=1/(1-MPC)

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Inconclusion what will happen if government spending increases by $100 billion is: Real output will increase by a maximum of $400 billion.

Learn more about government spending here:brainly.com/question/25125137

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