Consider the following system of taxation, which has been labelled degressive. The first $30.000 of income is not taed Affer that all neome is asseed at 20 per summarizes this tax system Income Range 0-$30,000 >$30,000 Marginal Tax Rate 0% 25% a What is the marginal tax rate on $3000 of taxable income? 0% $10,000? 0% $100,000? 25% b. What is the average tax rate on $3000? 000 % $10 000? 00 % $100 000? 17.500's What is the maximum average tax rate? 25%

Consider the following system of taxation, which has been labelled degressive. The first $30.000 of income is not taed Affer that all neome is asseed at 20 per summarizes this tax system Income Range 0-$30,000 >$30,000 Marginal Tax Rate 0% 25% a What is the marginal tax rate on $3000 of taxable income? 0% $10,000? 0% $100,000? 25% b. What is the average tax rate on $3000? 000 % $10 000? 00 % $100 000? 17.500's What is the maximum average tax rate? 25%

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

In your bar you find you had the following sales. Use this information to find your average value per ounce and your value for 15 1 L bottles sold. Drink Mint Julep Bourbon Shot Number Sold 25 95 Primary Spirit Volume in Oz 12 1.5 Drink Price $6.50 $3.00
Sales of a company (in $100,000) for the last 7 years are listed in the following table. Use the data as given in the table, do not include the hundred thousand at the end of the values. Year Q1 Q2 Q3 Q4 1 6 15 10 4 2 10 18 15 7 3 14 26 23 12 4 19 28 25 18 5 22 34 28 21 6 24 36 30 20 7 28 40 35 27 What are the adjusted R^2, and forecasts for Q1, Q2, Q3, and Q4 of Year 8 using this model? 4 decimals. Adjusted R^2: Q1: Q2: Q3: Q4:
For the following data, calculate 'MAPE' Month Forecast Actual 1 1100 950 1100 1050 6. 3 1100 1100 4 1100 1200 5 1100 1090 б 1100 1070
Please simply answer part b
If the contract annual interest rate on a $2,880,000 fixed rate loan that is fully amortizing over 20 years with equal monthly payments is 6.25%, what is the effective yield to the lender if the lender charges 1.5% as an origination fee, $288 for a credit report and $3,080 for an appraisal fee and the loan is repaid after ten years? a. 6.25% b. 6.51% c. 6.46% d. 6.49%
108- A business can be influenced by: a. Industry effects b. Corporate effects c. Both a and b d. Neither a nor b