A____ helps you plan and organize your finances.

Suppose tax rate on first $10,000 income is 0 percent; 10 percent on next $20,000; 20 percent on next $20,000; 30 percent on nex

vivado [14]

Answer:

Ans. Marginal Tax Family A=20% Marginal Tax Family B=40%

Average tax rate Family A=10% Average tax rate Family B=23%

Explanation:

Hi, first let´s clarify what marginal tax is:

Marginal tax: it is called marginal tax rate the highest percentage of income tax that somebody pays given its net income.

Since family A´s net income is 40,000, the last income fraction fits within the the 20% bracket, therefore, its marginal tax rate is 20%

On the other hand, Family B reaches the 40% bracket, so its marginal tax rate is 40%

Average tax rate

The best way to find the average tax rate is to calculate the weighted average of the taxes to pay times its tax rates, perhaps math can clarify this in a better way, check out the following equation for Family A.

$Average T.Rate=\frac{(10000x0+20000x0.1+10000x0.2)}{40000} =0.1$

0.1 means 10% (10/100) and 0.2 is 20%. Notice that the final value (10000x0.2) is because family A for its first 10K pays 0%, for the next 20K pays 10% and since the have already paid for 30K of their income, lastly they pay 10000x0.2 = 2000 for the remaining 10000 of net income.

In the case of Family B, this is what it should look like.

$Average T.Rate=\frac{(10000x0+20000x0.1+20000x0.2+30000x0.3+20000x0.4)}{100000} =0.23$

So, Family A´s average tax rate is 10% (0.1) and Family B 23% (0.23)

Best of luck.

3 0

4 years ago

Tom and Stacey are work on competing projects at work. They frequently need the same resources at the same time. The coworkers h

Lady_Fox [76]

<h2>Meditation is the strategy which the coworkers should follow to resolve conflict.</h2>

Explanation:

Meditation is a very simple process which should be followed for peace of mind, calmness, mental relaxation and for various other benefits.

Since there are too much of conflict exists between coworkers, it is better if the coworkers do meditation daily, will calm down their mind and create an environment for them to talk with each other in a polite manner.

The calmness can be brought in many ways, but meditation is the simple solution and also powerful.

7 0

3 years ago

A double variable stores a value in 64 bits, using some bits for mantissa, some for exponent, and one for sign. which is true ab

Gala2k [10]

Limited bits may cause some rounding of the mantissa is true a few double variable

<h2>What is a double variable?</h2>

A double type variable may be a 64-bit floating data type

The double may be a fundamental data type built into the compiler and used to define numeric variables holding numbers with decimal points. C, C++, C# and lots of other programming languages recognize the double as a type

Why we use double data type?

Double is more precise than float and may store 64 bits, double of the amount of bits float can store. Double is more precise and for storing large numbers, we prefer double float. for instance , to store the annual salary of the CEO of a corporation , double are going to be a more accurate choice.

Learn more about double variable store:

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7 0

2 years ago

Plastbolt, a company that manufactures and supplies plastic bottles, wants to acquire a smaller company. It plans to invest in t

goldfiish [28.3K]

Answer:

options-based planning

Explanation:

Options-based planning is defined as one that focuses on what could go wrong in a given business venture. Resources are now used to mitigate the projected issues that can arise.

In the give scenario Plastbolt is trying to invest in two smaller plastic manufacturing companies and buy the one that it finds yields better returns.

So they have an option of going ahead with the venture that has better returns.

5 0

3 years ago

Teesha is in the french club. there are 21 students in the club. the french teacher will pick two students at random to guide vi

Aleonysh [2.5K]

19/21. You can get this answer by deducting 2/21 which is the probability of Teesha being picked from 1.

6 0

3 years ago

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