If Nicolai earns a 10% after-tax rate of return, $14,000 $14,000 today would be worth how much to Nicolai in 5 years? a. $14,000. b. $8,701. c. $12,728. d. $22 547. e. $15,400.
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- Financial accounting questionGeneral AccountingSuppose you earn $60,000 per year and pay taxes based on marginal tax rates. The first tax bracket, which taxes at 5 percent, ranges from $0 to $30,000. The second tax bracket, which taxes at 25 percent, ranges from $30,001 to $120,000. How much will you pay in total taxes? Instructions: Enter your answer as a whole number. %24
- Income Bracket Marginal Tax Rate $0-$6,000 $6,000 $40,000 > $40,000 0% 30% 40% a. Mr. Smith has an income of $50,000 per annum. Calculate his tax bill for the year: $ 14200 b. What is his average tax rate? 28.40°% (Round to two decimal places.) c. What is his highest marginal tax rate? 40°%7. Consider the following income tax rate structure. Rate Income bracket Up to $50,000 $50,001 to $150,000 + 20% $150,001 and above Suppose Ms. James's annual income is $140,000 as a director in the Education Research Inc. She was offered a job as a managing director in the Advanced Research & Co., which would provide annual income of $165,000. What would be additional tax liability if she accepts the offer? A) $3,000 B) $4,000 C) $5,000 D) $3,500 5% + 10%Please answer this question correctly. Thank you.
- Please Provide correct answerProvide solution this financial accounting questionO B. $82,500.00 OC. $7,000.00 OD.$5,500.00 QUESTION 18 Lucy bought a house for $100,000. Lucy's annual cost of ownership net of tax savings is exactly equal to the annual rent she would have paid to live in the same house. The house price grows 4.5% annually (compounded annually). Lucy will sell the house in one year. What is Lucy's annualized IRR? Click Save and Submit to save and submit. Click Save All Answers to save all answers.
- 2) Suppose the income tax rate schedule is O percent on the first $10,00O; 10 percent on the next $20,000; 20 percent on the next $20,000; 30 percent on the next $20,000; and 40 percent on any income over $70,000. Family A earns $32,000 a year and Family B earns $70,000 a year. Both families each receive a ten percent raise. What is the marginal tax rate of each and what is the extra tax paid by each after the raise? 3) "Only in a progressive tax system does the amount of taxes increase as income increases." Do you agree or disagree? Explain.O SYSTEMS OF EQUATIONS AND MATRICES Solving a tax rate or interest rate problem using a system of... Last year, Charlie had $30,000 to invest. He invested some of it in an account that paid 10% simple interest per year, and he invested the rest in an account that paid 8% simple interest per year. After one year, he received a total of $2640 in interest. How much did he invest in each account? First account: 2$ Second account: $ Explanation Check Terms of Use | Privacy Accessibility 2020 McGraw-Hill Education. All Rights Reserved. MacBook ProWhat amount must you invest today at 6% compounded annually so that you can withdraw $5,000 at the end of each year for the next 5 years? O a. $12,300.0 O b. $20,540.8 O c. $21,061.8 O d. $22,548.8
