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
elixir [45]
2 years ago
15

Helen, who is single, is considering purchasing a residence that will provide an $18,000 tax deduction for property taxes and mo

rtgage interest. If her marginal tax rate is 24% and her effective tax rate is 20%, what is the amount of Helen's tax savings from purchasing the residence?
Business
1 answer:
GenaCL600 [577]2 years ago
4 0

Answer:

amount of tax saving is $4320

Explanation:

given data

tax deduction = $18000

marginal tax rate = 24%

effective tax rate = 20%

to find out

amount of tax saving

solution

we know tax saving formula that is

tax saving = tax deduction × marginal tax  ........................1

so now put here all value in equation 1

tax saving = tax deduction × marginal tax

tax saving = 18000 × 24%

tax saving = 18000 × 0.24

tax saving = 4320

so amount of tax saving is $4320

You might be interested in
How did you feel while you were discussing your inventories with your family members
Law Incorporation [45]
Felt pretty alright yo 
5 0
3 years ago
Which characteristic describes the privatization of Social Security?
aalyn [17]
<span>The characteristic that describes privatization of Social Security is option C) enables Americans to invest their Social Security Contributions in the stock market. This is the most accurate option but still not wholly accurate. There are different proposals for privatizing. Most would have the existing funds used to buy into the market and then the individual person would have different options for how their own funds were then handled within the market. For instance they could take over control of their fund and buy/sell their various shares. Or they could move their shares to be handled by an investment company, or even just leave them in the original shares that were bought by the government during the transition to privatization. Bottom line, the individuals would have some control of there shares in the stock market.</span>
7 0
3 years ago
Read 2 more answers
What does the price elasticity of supply measure? Click or tap a choice to answer the question. how income affects spending the
Zolol [24]

You didn't put all the alternatives, but I understand economics and I know exactly that concept.

Supply price elasticity measures how price changes impact the supply of goods and services. If the elasticity of supply is elastic, it means that supply is very sensitive to price changes. If the price goes down even slightly, the supply of goods will fall sharply. If the price increases, even if little, the offer will increase much. Conversely, if supply is inelastic, price changes will have little effect on supply for the good. If the price goes down, there will be little impact on the supply of the good. If the price increases, there will also be little impact on supply.

4 0
3 years ago
 Margaret, a vegetarian, is looking for a mushroom with a meaty texture to grill and eat instead of a hamburger. Which of the fo
storchak [24]
C. Portobello, is a good example of a mushroom with a meat like texture.
4 0
3 years ago
Read 2 more answers
select the correct answer. which type of work would include providing advice to managers on how to reduce the organization’s cos
notka56 [123]

H.R manager includes providing advice to managers on how to reduce the organization’s costs.

An HR manager is a member of staff who oversees all activities related to hiring and selection, training and development, employee relations, and salary and benefits for the company.

Therefore, the HR manager would advise management on how to lower the costs of the company, particularly in areas like compensation and benefits, training, and development.

Managers of human resources plan, organize and oversee an organization's administrative operations. They supervise the hiring, interviewing, and onboarding of new employees, assist chief executives with strategic planning and act as a liaison between management and personnel in a business.

Learn more about HR Managers here:

brainly.com/question/25806768

#SPJ4

7 0
2 years ago
Other questions:
  • Sherry's teacher told her that she should schedule an informational interview with the mayor of her city. Which two questions wo
    6·2 answers
  • Janet is the secretary to the ceo. the ceo uses the corporate jet to travel to locations where he acts as a private consultant.
    6·1 answer
  • Smart Services performed $6,000 of services. Their customer paid $1,000 of the amount right away but charged the remaining amoun
    6·1 answer
  • What are brokerage firms? 2. what are depository and nondepository financial institutions? how do they differ? 3. what are credi
    13·1 answer
  • Which of the following, if true, would illustrate why price indexes such as the CSPI might overstate inflation in the cost of go
    6·1 answer
  • Which answer best explains the concepts of pricing?
    15·1 answer
  • Suppose the amounts presented here are basic financial information (in millions) from the 2020 annual reports of Nike and adidas
    12·1 answer
  • Find the APR in each of the following cases. EAR Number of Times Compounded APR 15.3% Semiannually 8.7% Monthly 9.4% Weekly 14.9
    8·1 answer
  • The Tucana Bank of Commerce pools customer deposits and uses the
    13·1 answer
  • Describe four principles or organizations brought about by the Bretton Woods Agreement that remain important to international bu
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!