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Nataly_w [17]
3 years ago
9

Mitch, a single tax-payer, earns $100,000 in taxable income and $10,000 in interest from an investment in city of Birmingham Bon

ds. Using the U.S. tax rate schedule for year 2019, how much federal tax will he owe?A) N$22,000.B) $18,289.50.C) $13,879.D) $24,000.E) None of the choices are correct.
Business
1 answer:
goldfiish [28.3K]3 years ago
3 0

Answer:

E) None of the choices are correct.

<em>18.289,26‬</em>

<em>As we given an option with two decimals which are different from the calculated amount we should take it as incorrect. </em>

<em></em>

Explanation:

The municipal bonds are tax free. Therfore, not included.

We will calcuatae based on 2019 income tax brackets for single-taxers

between $82,501 to $157,500 the amount is $14,089.50 + 24% of the amount over 78,950

100,000 - 82,501 = 17,499

17,499 x 24% = 4,199.76

14,089.50 + 4,199.76 =<em> 18.289,26‬</em>

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3 years ago
Intel Corporation had assets equal to $123,249 million and liabilities equal to $54,230 million for a recent year-end. What was
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Answer:

total Equity at end of the year  = $69019 million

Explanation:

given data

assets = $123,249 million

liabilities = $54,230 million

to find out

total equity

solution

we get here total Equity at end of the year that is express as

total Equity at end of the year  = Asset - Liabilities   .................1

put here value we get

total Equity at end of the year  = $123,249 million  - $54,230 million

total Equity at end of the year  = $69019 million

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Jan has just found out that she has been appointed to raise and provide the personal care of the children of her best friend in
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Jan has just found out that she has been appointed to raise and provide the personal care of the children of her best friend in her will. Jan considered in this will as guardian.

What does guardian do?

A guardian is answerable for an elder or minor ward's personal care, which includes housing and medical care. Guardian make certain that their ward has an area to stay, including the guardian's domestic, with a caretaker, or in an assisted living or full-care facility.

Who's guardian in own family?

A guardian is normally a close blood relative of the kid. this is usually a person who has spent some time with the kid, has some emotional or relational connection to them, and is acquainted with the kid's needs. this will be the kid's grandparent, aunt/uncle, or different relative.

What is a guardian for a kid?

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Why might a infant want a guardian?

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Learn more about guardian here:- brainly.com/question/27768834

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1 year ago
What is morale?
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C. the attitude of the people working at a company

7 0
3 years ago
According to empirical research, in countries where stockholders' rights are strong, firms issue ____ stock than in countries wh
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According to empirical research, in countries where stockholders' rights are strong, firms issue <u>More </u>stock than in countries where stockholders' rights are weak. Researchers conclude that strong stockholders' rights <u>reduce</u> moral hazard in stock markets.

<u>Explanation</u>

A <u>Moral hazard</u> is said to have occurred when one party (i.e insured Party) increases its exposure to risk  ,because some other party bears the cost of those Risk.It reflects the tendency of a person to take more risk as the consequence of the risk taken has to be beard by some other party

<u>The moral hazard problem is </u><u>less </u><u> severe in bond markets than in stock markets. In addition, moral hazard arises in bond markets when firms issue bonds with high default risk.</u>

<u />

So it is appropriate to say that , in countries where stockholders' rights are strong, firms issue <u>More </u>stock than in countries where stockholders' rights are weak. Researchers conclude that strong stockholders' rights <u>reduce</u> moral hazard in stock markets.

3 0
3 years ago
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