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atroni [7]
4 years ago
15

Suppose a state has the following individual income tax structure.The first $20,000 that an individual earns is taxed at 5%. The

next $30,000 is taxed at 10%. Any income exceeding $50,000 is taxed at 20%.Based on this tax structure, if a person’s income is equal to $60,000, his average tax rate is equal to:
Business
1 answer:
blagie [28]4 years ago
7 0

Answer: $6,000

Explanation: Considering the tax structure:

An employee with a total income of $60,000 will pay:

1st $20,000= $20,000*5%=$1,000

2nd $30,000= $30,000*10% = $3,000

Bal of $10,000= $10,000 * 20% = $2,000

Total Tax payable = $1,000+$3,000+ $2,000=$6,000

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In handling the ethics problem in his class, Professor Quinn acted as an ethical leader by supporting and enforcing the ethical
BaLLatris [955]

Answer:

The correct answers are letters "B" and "D": Punishing the entire class when an ethical violation occurred; Providing ethics training only to students who admitted to cheating.

Explanation:

By <em>punishing the entire class when an ethical violation occurred</em>, Professor Quinn is not acting objectively. In such cases, only the students at fault should be punished for their actions. If the rest of the students acted ethically there is no reason for them to be punished. In remorse, those students could start to act unethically since they know even acting correctly they will be punished anyway.  

Besides, <em>providing ethics training </em><u><em>only </em></u><em>to students is inappropriate</em>. The unethical action must serve as an example for <u><em>all </em></u>students in a class as an act that must not be replicated. Thus, all of them should be instructed on what to do to avoid such situations.

7 0
3 years ago
A project has cash flows of -$119,000, $52,800, $60,200, and $33,100 for years 0 to 3, respectively. The required rate of return
Olegator [25]

Answer:

-$306.15 and rejected

Explanation:

Year     Cash flows Discount factor  Present value

                                at 12%

0          $-119,000 1                              $-119,000  (A)

1          $52,800 0.8928571429 $47142.86

2          $60,200 0.7971938776 $47,991.07

3          $33,100      0.7117802478         $23559.93

Sum                                                         $118,693.85 (B)

Net present value                                -$306.15 (A - B)

4 0
4 years ago
g Hochberg Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool To
iogann1982 [59]

Answer: $2.81 per machine hour

Explanation:

Wages and salaries $ 423,000

Activity cost pools 10%

Allocated amount = 10% of $423000

= 0.1 × 423000

= $42,300

Depreciation = $112,000

Activity cost pools 10%

Allocated amount = 10% of 112,000

= 0.1 × 112000

= $11200

Occupancy 154,000

Activity cost pools 20%

Allocated amount = 20% of 154000

= 0.2 × 154000

= $30800

Total allocated amount = $42300 + $11200 + $30800 = $84300

The cost hour is the machine hour which is 30,000

Rate per machine hour = total allocated amount/machine hour

= 84300/30000

= $2.81 per machine hour

6 0
3 years ago
The aggregate demand for good X is Q​ = 20 minus ​P, and the market price is P​ = $8. What is the maximum amount that consumers
bagirrra123 [75]

Answer:

so maximum amount that consumers are willing to pay for the quantity demanded at this​ price = $168

Explanation:

given data

Q​ = 20 - ​P

P​ = $8

to find out

maximum amount that consumers are willing to pay for the quantity demanded at this​ price

solution

we get here demand at current market price that is

Q = 20 - P

Q = 20 - 8

Q = 12

and Total expenditure incurred will be at at current market price will be

Total expenditure incurred  = Price × Quantity ..................1

Total expenditure incurred  = $8 × 12

Total expenditure incurred  = $96

and

we get price when Q = 0

Q = 20 - P  

P = 20

so now consumer surplus will be here as

consumer surplus = 0.5 × ( Price when(Q = 0) - Current market price) × Quantity ............................2

put her value we get

consumer surplus = 0.5 × ( 20 - 8 ) × 12

consumer surplus = $72

and

now we get maximum amount that is

maximum amount = Current expenditure + Consumer surplus  

maximum amount = $96 + $72

maximum amount = $168

so maximum amount that consumers are willing to pay for the quantity demanded at this​ price = $168

8 0
3 years ago
On the My​ M&amp;Ms website buyers can place custom orders for​ M&amp;Ms. They can choose their own​ colors, put a personalized
Lisa [10]
The answer is D because each customer can add their own input
4 0
3 years ago
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