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
Naddika [18.5K]
3 years ago
6

How does less taxes and tolls affect the amount of money in everyone's pocket? How would this help start the Industrial Revoluti

on?
History
1 answer:
lidiya [134]3 years ago
4 0

Answer:

Most income tax bracket rates went down between 2-4 percent due to the Tax Cuts and Jobs Act. The lowest rate – 10 percent — didn’t change. Check out the 2019 tax rates below for single filers and those married filing joint returns.

2019 Tax Rate Taxable Income Level

10%                           Up to $9,700

12%                            $9,701-$39,475

22%                          $39,476-$84,200

24%                     $84,201-$160,725

32%                         $160,726-$204,100

35%                        $204,101-$510,300

37% Over $510,301

Tax Bracket for Married Filing Jointly

2019 Tax Rate Taxable Income Level

10%                   Up to $19,400

12%                   $19,401-$78,950

22%                   $78,951-$168,400

24%                   $168,401-$321,450

32%            $321,451-$408,200

35%                 $408,201-$612,350

37%                Over $612,351

Not even close. A common misconception is that when your income reaches a bracket level, all your income is taxed at that rate. Fortunately, that is not true. Each portion of your taxable income is taxed at the applicable bracket rate. For example, if you were Single and made $10,000 in taxable income in 2019, you would pay a 10 percent rate on the first $9,700. You would only pay the 12 percent rate on $300 (the amount over $9,700).

To better understand how this works, check out the TaxAct Tax Bracket Calculator. Enter your filing status and taxable income. The calculator shows your tax bracket and your tax as a percent of income. For example, if you are married filing a joint return with a taxable income of $100,000, your tax bracket is 22 percent in 2019. The tax at that rate is only 13.88 percent of your taxable income, however. That’s because not all your income is taxed at your highest rate.

Keep in mind – the taxable income referred to in these tables is your income after all your adjustments and deductions.

Why is it useful to know my tax bracket rate if it doesn’t apply to my entire taxable income?

Your top tax bracket rate is the amount you pay on each additional dollar you earn. You can use that information to determine how much you get to keep if you earn another dollar, or how a deduction might help you. (Don’t forget to account for other taxes, such as Social Security, Medicare and state income taxes.)

Explanation:

You might be interested in
Explain how southerners used states’ rights to justify owning slaves please
Step2247 [10]

Answer: Wasn't one of the reasons was because of cotton farming being their main business. They felt like if there were no slaves their won't be any business for them. One other reason was that they thought slaves were their right and specifically property. And they believed government can't take away property

6 0
3 years ago
What did early English explorers hope to find by sailing across the Atlantic
mojhsa [17]
They wanted new land
4 0
3 years ago
_________ first 'politicized' Black hair during slavery by burdening it with a range of negative meanings.
Ahat [919]
( RACISM IS THE ANSWER ). With its organizing principles of biological determinism, racism first
'politicized' our hair by burdening it with a range of negative social and psychological 'meanings'.
8 0
3 years ago
Question 3
Usimov [2.4K]
Democracy is the answer
3 0
3 years ago
"There is nothing that keeps wicked men at any one moment out of hell, but the meer pleasure of God. By the mere Pleasure of God
Anika [276]

Answer:

D) Warn or remind his congregation that the nation as a whole must repent their sins and ask forgiveness from God to escape hell.

Explanation:

Christian Theologian Jonathan Edwards’ sermon "Sinners in the Hands of an Angry God" presents an appeal to the people of Massachusetts to deviate from their sinful nature and come back to the right and "Christian" way of life. This sermon successfully and profoundly affected the listeners, the congregation with Edwards's 'frightful' presentation of an angry God.

In the given excerpt from the sermon, Edwards presents an image of a God who is fearful of those who choose to deviate from His right ways. In this sermon, Edwards serves a reminder to the people to <u>repent their sinful ways and return to God</u>, or else their fate is to be destroyed and perish eternally in Hell. He warns them to <u>seek forgiveness</u> while there is still time so that they will not be judged by God's wrath.

Thus, the <u>correct answer is option D.</u>

4 0
3 years ago
Other questions:
  • The year 1857 marks the date of the last mughal emperor being exiled to burma by the english, but what followed?
    10·1 answer
  • Why did American colonists convene the Continental Congress?
    6·2 answers
  • What did Montesquieu admire about the English government ? How is the structure of the English government similar to what our Fo
    14·1 answer
  • What Greek life organizations are on campus at Georgia Southern University?
    10·1 answer
  • The land was divided into a number of smaller kingdoms. the group of kingdoms, which ruled together, became known as the
    11·1 answer
  • What actions did the pilgrims take to survive the struggles they faced
    14·1 answer
  • Plz help history ...
    12·2 answers
  • Persia was divided into spheres of influence in<br> 1774<br> 1830<br> 1907<br> 1914
    15·1 answer
  • does the fact that Britain and Japan are islands enable or deterred migration to and from those places? explain ​
    12·1 answer
  • What was important to nomads who moved from place to place?​
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!