Answer:
Option C is correct ,14.2%
Step-by-step explanation:
In order to determine the effective tax rate of a taxpayer with taxable income of $52,000,the starting point to determine how much in taxes the taxpayer pays as shown below:
First tax bracket=$9,525*10%=$952.5
Second tax bracket=$952.50+(12%*($38700-$9,525))
=$952.50+$3501
Third tax bracket(where the taxpayer belongs)=4453.5
+(22%*($52,000-$38,700))
third tax bracket tax=4453.5+$2926
=$7379.5
Since the total tax payable of $7379.5 is now computed,
effective tax rate=tax paid/taxable income=7379.5/52000
=14.2%
I am pretty sure it is linear decrease,
Answer:
The total value of the discount was $10.80.
Step-by-step explanation:
Since we are finding the value of the discount, we just need to find 18% of 60.
We can convert 18% into a decimal.
18%=0.18
Multiply.
0.18*60=10.8
The total value of the discount was $10.80.
Answer:
I gave you most of the answer. I'll let you check my work and find the point using the solution.
Step-by-step explanation:
The first thing we do is we divide by negative one in the first equation to get
y = -x.
-3x + 3y = -36
Plug in y = -x and get
-3x + 3(-x) = -36
= -3x - 3x = -36
This equals -6x = -36
divide both sides by -6 and you get 6. 6 is your x value
Plug 6 back in to the second equation.
-3x + 3y = -36
-3(6) + 3y = -36
-18 + 3y = -36
3y = -18
y = -6
Markup = $4
b) markup as a percentage of cost is 33.3%
Step-by-step explanation:
Markup
markup = selling price - cost
= $13 - 9
... markup = $3
Markup as a Percentage of Cost
To find the percent markup, divide the markup by the reference value and multiply the ratio by 100%. The reference value for markup is usually cost price, but sometimes may be selling price.
... markup / cost × 100% = 3/9×100% = 33 1/3% ≈ 33.3%
