Answer:
c. 50 percent
Explanation:
The amount of tax to paid by Tim on the second income he earned during the year shall be calculated as follow:
Amount of tax on 2nd income=21,000-(20%*30,000)
=21,000- 6,000
=$15,000
Marginal tax rate on 2nd income=Amount of tax on 2nd income/2nd income earned during year
Marginal tax rate=15,000/30,000=50%
So the answer is c. 50 percent
This is a cultural tradition that has its roots if folklore of many Scandinavian countries, but it is also found in Norway. In Norway, the bowl of rice pudding is left for the barn elf so he would not turn mischievous and that he will continue to take care of the household's animals.
Answer & Explanation: From the following scenario/case, we can state that this case illustrates the example of <em>disadvantage</em>. Here in this case this will referred to as a disadvantage to the individual or franchisor. In this particular case there is lack of control or grasp over the organization or franchisee that tends to result in the damage to its brand.
Answer:
Answered
Explanation:
a)Even at twice the original price, the marginal utility per dollar of the 20th train trip may be higher than the corresponding ratio for any other good that Ann might consume, in which case she would be perfectly rational not to alter the number of trips she takes.
After all, missing a trip would be to miss a whole day’s work.
b.) meals.
The higher price of train tickets makes Ann poorer. The income effect of the price
increase is what leads to the reduction in the number of restaurant meals she eats.
