Assuming a 6% sales tax is levied on all consumption, complete the following table, answers (a) through (h) and answer the question below  Income Consumption Sales Tax Percent of Income paid in taxes $30,000 $14,000  (a)  (e) $40,000 $16,000  (b)  (f) $50,000 $18,000  (c)  (g) $60,000 $20,000  (d)  (h) Is the sales tax progressive, regressive or proportional?  Explain.

Q: A. An individual makes $235,000 in a year. What is their marginal tax rate?

A: Marginal tax rate is the taxation system under which the rate of tax increases with the increase in…

Q: AD excess equals $40 billion and the MOC equals 0.75 , then the disired fiscal restraint equals ....…

A: *answer:

Q: Define the term Salvage value and gains tax?

A: Depreciation: The term depreciation refers to the fall in monetary value of assets due to its use,…

Q: The taxable income should include the difference between salvage value and book value of an asset…

A: Answer- Need to find- The taxable income should include the difference between salvage value and a…

Q: Ms B. Maliki, who works as a journalist for a local Television station, won a prize of R80 000 for…

A: If the amount is received by an Indian resident, then the Tax laws of the country from which amount…

Q: main revenue sources for state and local governments are ____________. Group of answer choices…

A: In GDP, consumption is the biggest component accounting to 60-70% of GDP. The consumption  provides…

Q: What is the prospective rate of return before income taxes? (b) What is the prospective rate of…

A: The rate of return (RoR) is the net gain or loss of an investment over a specified time period,…

Q: In the year 2019, a corporation made $18.8 Million in revenue, $2.2 Million of operating expenses,…

A: Revenue = 18.8 million Operating Expenses = 2.2 million State Tax Rate = 11% Fed Tax Rate = 21%

Q: Julie Magnolia has $50,000 cash to invest for three years. Two types of bonds are available for…

A: (a)   The interest rate can be calculated as follows.     Thus, the interest rate is 12.67%.

Q: The working hours method of depreciation assumes that the reduction of asset's value is proportional…

A: Depreciation refers to the term that is used to describe how physical things lose value as time and…

Q: 2018 Federal Income Tax Brackets (pre-TCJA) Taxable Income Tax Rate $0-$9,525 $9,526-$38, 700…

A: The disposable income is calculated by subtracting income tax from the total income. $77,000 falls…

Q: Personal income tax rates in South Africa, 2015/16 Taxable income Tax Payable Rand 0-181 900 18% of…

A: Income tax is the tax that the government imposed on the public as a direct tax. Income does not…

Q: 2020 Tax Data Tax Bracket Marginal Tax Rate $0-9,875 10% $9,876-40, 125 12% $40,126-85,525 22%…

A: The tax amount on the income of $200000:   Tax amount =sum of ( income in the tax bracket * tax…

Q: Assuming a $6 per unit tax is imposed, what will be the quantity traded?     (a) 4     (b) 8…

A: Whenever the government imposes a tax on a product, the production cost of that product increases.…

Q: 25 true or false Under D/P after sight, when the importer makes payment the collecting bank will…

A: DP- It is the term used at sight for the payment. It was made before the release of documents from…

Q: If value of output is $300 million, net value added at factor cost is $160 million, depreciation is…

A: The information being given to us is:- value of output is $300 million value added at factor cost is…

Q: (a) What does the term economic value added (EVA) mean relative to the bottom line of a corporation?…

A: Economic value added is a measure of a company’s financial performance based on the residual wealth.

Q: When owners of real property change ownership on that real property the easement is no longer in…

A: In the real estate market, two parties generally make a legally bounded transactions to protect…

Q: Pertinent information for two alternatives A and B is shown below. If i=10% / year and the effective…

A: Calculation of Net Income chargeable to Tax in Year 3 for Alt. A    (GI) $  Gross Income…

Q: You want to implement an automatic control in the production process of a factory. The cost Initial…

A: Initial cost=130000Annual savings=60000 per yearLife=10 yearsTax rate=50%MARR=10%

Q: Excess burden is largest with lump-sum taxes. O unit taxes. O no taxes.

A: The loss or gain of welfare, which an individual bear due to increase in tax is referred to be as…

Q: 123 Systems located in Alabama expects a 9% after-tax rate of return on an equipment investment. The…

A: In economics, the rate of return refers to the net profit or income earned on an investment,…

Q: A business invests $5000 and initially plans to achieve annual revenue of $1100/yr with $200/yr…

A: I = $5000 Annual revenue = 1100 Expenses = 200 / year

Q: (a) What is meant by half-year convention? (b) Where does it show up in the MACRS depreciation rate…

A: (a). Half-year conversion assumes that all the assets are placed in the mid-point during the tax…

Q: Which of the following is (are) required to calculate MACRSGDS depreciation deductions? I. Property…

A: Under MACRS, a Taxpayers must register deducted tax for devaluation of unmistakable property…

Q: How can we Determine the after-tax cash flows?

A:

Q: Suppose for some year the income of a small company is $110,000; the expenses are $65,000; the…

A: The given information: Revenue is $110,000 Expenses is $65,000 Depreciation is $25,000 Effective…

Q: Waste Concern, a hybrid profit/nonprofit enterprise started in Bangladesh 15 years ago, has built…

A: Bangladesh enterprise are doing business from ecology.Therefore it is an example of industrial…

Q: Age: 25 Status: Single, no children Gross Income: $54,000  401k investment: $4000 Residential…

A: Income tax is a type of tax imposed by governments on individuals, businesses, and other entities…

Q: The Parkview Hospital is considering the purchase of a new autoclave. This equipment will cost…

A: As autoclave is a medical equipment, one should consider it as an office equipment.

Q: Calculate all applicable documentary stamp taxes and intangible taxes associated with financing the…

A: Documentary Stamp Tax: a charge on the transfer of an obligation or right or property shown by a…

Q: Refer to the table below: 2020 Tax Data Tax Bracket Marginal Tax Rate $0-9,875 10% $9,876-40,125 12%…

A: Tax amount…

Q: ) Find the after-tax (income tax = 20%) weighted average cost of capital (WACC) given: %3D Fund…

A: Here we calculate the WACC by using the given information , so the calculation of the following by…

Q: 4.    Last month, a company specializing in wind power plant design and engineering made a capital…

A: Economic depreciation is a calculation of the fall in the market value of an asset over time from…

Q: A state's conformity date can be used to determine: 1-Qualifications for state tax credits.…

A: In the United States, government's tax system is operated by federal as well as state government…

Q: In the year 2021​, a corporation made ​$18.2 Million in​ revenue, ​$2.4 Million of operating​…

A: In the year 2021, a corporation has the following financial information:Revenue: $18.2…

Q: Taxable Income Total Tax $1000 $500 $2000 $600 $3000 $700 $4000 $800 $5000 $900 $6000 $1000 Refer to…

A: Answer; Option (b) is Correct answer

Q: Alt. A Alt.B 150,000 225,,000 come (GI), $ 100,000 100,000 ng Expense (OE), $ 30,000 10,000 Value, $…

A: *Answer: