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777dan777 [17]
3 years ago
8

By defining after-tax income, demonstrate the differences resulting from a $500 tax deduction versus a $500 tax credit for a sin

gle taxpayer in the 12% tax bracket with $33,000 of pre-tax income.
Business
1 answer:
mafiozo [28]3 years ago
8 0

Answer:

A $500 tax deduction decreases taxable income. For example, this taxpayer has $33,000 taxable income - $500 = $32,500

Total tax liability = $32,500 x 12% = $3,900

On the other hand, if the taxpayer receives a $500 tax credit, then tax liability = $33,000 x 12% = $3,960

If we apply the tax credit, total taxes owed = $3,960 - $500 = $3,460

The amount of taxes owed decreases significantly more with a tax credit.

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To determine a credit score, debt, available credit and total assets are all part of the
satela [25.4K]

Answer:

Net assets of smith family = $167,000

Explanation:

Given:

Net worth of smith family = $100,000

Net liabilities of smith family = $67,000

Find:

Net assets of smith family

Computation:

Net assets = Net worth + Net liabilities

Net assets of smith family = Net worth of smith family + Net liabilities of smith family

Net assets of smith family = $100,000 + $67,000

Net assets of smith family = $167,000

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3 years ago
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3 years ago
Bertrand is an avid supporter of protectionism. His primary platform is the idea that the United States imports too many foreign
romanna [79]

Answer:

The correct answer is letter "A": The National Security Argument.

Explanation:

According to the National Security Argument, it is a threat to depend on another country for economic sustainability purposes. This point of view proposes that self-sufficiency is the only means of progress for a nation. Exceptional cases such as wars are usually cited with this theory to point out that under those circumstances relying on another country -for fuel, for instance- could represent a big drawback.

6 0
3 years ago
8. What includes retail sales, housing starts, and truck and<br><br> auto sales
GREYUIT [131]

Answer:

monthly data series in a GDP

Explanation:

A GDP is defined as the actual domestically manufactured or produced products or the services provided in a financial year which describes or estimates the financial status or economic status of a country. GDP stands for Gross domestic product.

By analyzing the monthly data series of goods or services produced one can predict the real GDP of a country to be. One can use the monthly observations of the employment, unit auto as well as truck sales, sousing starts, retail sales, trade, automobile inventories, manufacturing, shipment of machinery and equipment, index of the industrial production, etc. to predict the GDP growth or get an idea of the GDP figures that are going to show the robust growth of the economy.

7 0
3 years ago
San Francisco Seats manufactures seats for airplanes. The company has the capacity to produce 100,000 seats per year, but is cur
Rzqust [24]

Answer:

The company's operating income will increase from $8,800,000 by $350,000 to become $9,150,000

Explanation:

Detailed explanation and calculation is shown in the image below

4 0
3 years ago
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