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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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bekas [8.4K]

<span>Andy’s motivation for working so hard is most likely the extrinsic motivation of a raise in his salary (money). </span><span> 

Extrinsic motivation refers to the phenomenon when behavior and actions are motivated  by external factors, such as rewards, fame or praise rather than intrinsic factors which lie within an individual (such as: improving one’s skills and work ethic or genuine interest in the task or project at hand).

In Andy’s case, where he is working so hard in hopes for a raise, he is externally motivated rather than internally motivated since he hopes to be monetarily rewarded </span>(extrinsic factor)for his hard work. 

7 0
3 years ago
State and explain the law of diminishing marginal return
Vlad [161]

In economics, diminishing returns is the decrease in the marginal output of a production process as the amount of a single factor of production is incrementally increased, while the amounts of all other factors of production stay constant.

3 0
3 years ago
Who became the first female ceo of a fortune 500 company?.
kap26 [50]

Answer:

Katharine Graham

Explanation:

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5 0
2 years ago
ABC Partnership has the following capital balances and profit and loss percentages. A (50%) $100,000 B (30%) $200,000 C (20%) $3
AVprozaik [17]

Answer:

Answer:

$225,000

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40 x 0.25 = 10% interest from Goodwill

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8 0
3 years ago
Sheffield Corp. had credit sales of $1696000. The beginning accounts receivable balance was $175000 and the ending accounts rece
Aleks04 [339]

Answer:

$1,574,000

Explanation:

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7 0
3 years ago
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