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
deff fn [24]
3 years ago
5

Ms. Benoit is a self-employed architect who earns $300,000 annual taxable income. For the past several years, her tax rate on th

is income has been 35 percent. Because of recent tax law changes, Ms. Benoit’s tax rate for next year will decrease to 25 percent. Based on a static forecast, how much less revenue will the government collect from Ms. Benoit is a self-employed architect who earns $300,000 annual taxable income. For the past several years, her tax rate on this income has been 35 percent. Because of recent tax law changes, Ms. Benoit’s tax rate for next year will decrease to 25 percent. a) Based on a static forecast, how much less revenue will the government collect from Ms. Benoit next year? b) How much less revenue will the government collect from Ms. Benoit next year if she responds to the rate decrease by working more hours and earning $375,000 taxable income? c) How much less revenue will the government collect from Ms. Benoit next year if she responds to the rate decre
Mathematics
1 answer:
blagie [28]3 years ago
8 0

Answer:

a

   Y  = \$ 30000

b

  Y  = \$ 11250

c

  X  = \$  36250

Step-by-step explanation:

From the question we are told that

   The annual taxable income is A = \$ 300,000

   The tax rate for next year is  r =  0.25

   The  present tax rate is  R =  0.35

 

Generally the present amount of tax collected from Ms Benoit is  

         K =  A   * R

        K =  300000  * 0.35

=>       K =   \$105000

Generally the  amount of tax collected from Ms Benoit nest year  is

          B =  A   * r

        B =  300000  * 0.25

=>       B =   \$75000        

The  reduction in the tax amount is mathematically represented as

       Y  =  K  - B

=>     Y  =  105000  - 75000

=>    Y  = \$ 30000

Generally the tax amount of next year when the income is  $375,000 is mathematically represented as

    M  =  375 000   *   r

=>    M  =  375 000   *   0.25

=>     M  =  \$ 93 750

The  reduction in the tax amount is mathematically represented as when  the income for next year  is  $375,000

             Z  =  K  - M

=>     Z  =  105000  -93 750

=>    Z  = \$ 11250

Generally the tax amount of next year when the income is  $275,000 is mathematically represented as

    U  =  275,000   *   r

=>    U  =  275 000*   0.25

=>     M  =  \$ 68 750

The  reduction in the tax amount is mathematically represented as when  the income for next year  is  $275,000

             X  =  K  - M

=>     X  =  105000  -68 750

=>    X  = \$  36250

   

 

You might be interested in
The length of a rectangle is 5 units and its width is 4 units. What is the approximate length of the diagonal of the rectangle?
Inessa05 [86]

Answer:

The approximate length of the diagonal of the rectangle = 6.4 units ⇒ B

Step-by-step explanation:

* Lets revise the properties of the rectangle

- The rectangle has 4 sides

- Each two opposite sides are parallel and equal in length

- It has for right angles

- Its two diagonals are equal in length

- The diagonal divide the rectangle into two congruent right triangles

* Now lets solve the problem

∵ The length of the rectangle = 5 units

∵ The width of the rectangle = 4 units

∵ The diagonal of the rectangle with the length and the width formed

  right triangle, the length and the width are its two legs and the

  diagonal is its hypotenuse

- To find the length of the hypotenuse use Pythagoras theorem

∵ Hypotenuse = √[(leg1)² + (leg2)²]

∴ The length of the diagonal = √[5² + 4²] = √[25 + 16] = √41

∴ The approximate length of the diagonal of the rectangle = 6.4 units

6 0
3 years ago
Read 2 more answers
A triangle has side lengths of 7 in., 9 in., and 11 in. Determine whether this is a right triangle and why.
Harlamova29_29 [7]

Answer:

Not a right triangle.  See below for my reasoning.


Step-by-step explanation:

If this is a right triangle, then the sum of the squares of the two shorter sides will equal the square of the longest side:  7^2 + 9^2 = 11^2 => 49 + 81 = 121   But this is false.

8 0
2 years ago
pam read 126 pages of her summer reading book in 3 hours. Zack read 180 pages of his summer reading book in 4 hours. If they con
zhuklara [117]
Well, you will need to find out how much each person reads per hour. To find that out, you will need to divide 126 by 3, resulting in 41 pages an hour. If you do the same thing with Zack, you will be able to find out that he reads 45 pages an hour. Now, you will need to multiply the number of pages per hour by 5! if you multiply 41 by 5, you get 205 pages. If you multiply 45 by 5, you get 225 pages. Pam isnt able to read more than 215 pages in 5 hours, but Zack is able to.
8 0
3 years ago
Read 2 more answers
The manager of a warehouse would like to know how many errors are made when a product’s serial number is read by a bar-code read
stira [4]
The mean of the answer is 20.5 because you add all of the number together and divide by 6 because there's 6 numbers. 
I'm sorry, but I don't know how to do the standard deviation... 
Hope this helped!
4 0
3 years ago
True or false: It is possible to spend your limit on a credit card.
LenaWriter [7]
It is posable to spend ur limit on ur credit card

4 0
3 years ago
Read 2 more answers
Other questions:
  • What's the answer to this??
    9·1 answer
  • Help...............??
    9·2 answers
  • What is the solution of the equation? -10+/x+8=-4
    10·2 answers
  • Which expression is equivalent to 4(23)?
    8·2 answers
  • Curtis decided to go on a road trip to Canada. on the first day of his trip he drove for 15 hours and traveled 960 miles. at wha
    13·2 answers
  • What is the center of the circle and the radius of 2x^2 - 12x +2y^2 +8y = 10
    10·1 answer
  • Pierre inherited S269,100 from his uncle and decided to invest the money. He put part of the
    10·1 answer
  • The circle shown has a radius of 4 cm.
    14·1 answer
  • Morton needs to have his car repaired. The auto repair shop charges a fixed dollar amount for labor, plus another dollar amount
    12·1 answer
  • - A board was 24 3/8 inches long. A worker cut it into
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!