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Olegator [25]
3 years ago
13

Suppose that marginal income tax rates are as follows:Income level Marginal tax rate $0–$10,000 10% $10,000–$50,000 20% Greater

than $50,000 35% Also suppose that the taxes for Social Security and Medicare together are 7.65%, and that they are applied to income up to $100,000. If your income is $123,000, what is your total income tax bill and how much will you have paid in Social Security and Medicare taxes? Total income tax: $ Social Security and Medicare taxes: $

Business
1 answer:
Tatiana [17]3 years ago
7 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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You have just taken out an installment loan for $100,000. Assume that the loan will be repaid in 12 equal monthly installments o
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Answer:

$7,757.16

Explanation:

rate of interest = 2%

Rate(12, 9456-100000)

Rate(nper,pmt,pv)

APR = 24.00%

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Principal for third monthly payment = PPMT(2%,3,12,-100000)

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3 years ago
Individuals who wait until they turn 65 to apply for medicare will cause a delay in the start of part b coverage, because they w
Olenka [21]
Individuals who wait until they turn 65 to apply for medicare will cause a delay in the start of part b coverage, because they will have to wait until the next GENERAL enrollment period, which is held January 1 through march 31 of each year, with part b coverage starting on July 1 of the year.
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3 years ago
Which of the following best represents a "supply curve"?
mestny [16]

Answer:

I think the answer is B

Explanation:

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6 0
3 years ago
Marigold Inc. reported total assets of $2391000 and net income of $318000 for the current year. Marigold determined that invento
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Answer:

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Explanation:

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7 0
2 years ago
__ offers users an "Ask a Librarian" feature to inquire about the library's collections.
charle [14.2K]

Answer:

Library of Congress (LOC)

Explanation:

A library also known as a bookhouse can be defined as an institution having various collection of books and other informative materials that people can read to gain more knowledge, insight and motivation about a particular topic. An example of a library is the Library of Congress (LOC) located in Washington DC, United States of America.

Library of Congress (LOC) refers to the research library used by the Congress of the United States of America to provide or gain access to a diverse and rich source of knowledge (informations) about things, places, animals, plants, people, etc.

Basically, it comprises of millions of literary works such as manuscripts, books, photographs, maps, recordings, newspapers in its collection and as a result of this, it is known to be the largest library in the world.

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6 0
3 years ago
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