Marginal Tax Rate Chart Marginal Tax Rate Tax Bracket $0-$10,275 10% $10,276-$41,175 12% $41,176-$89,075 22% $89,076-$170,050 24% $170,051-$215,950 32% $215,951-$539,900 35% > $539,901 37% Determine the amount of taxes owed on a taxable income of $38,520. O $3,852.00 $4,416.90 $4,622.40 $8,474.40

Marginal Tax Rate Chart Marginal Tax Rate Tax Bracket $0-$10,275 10% $10,276-$41,175 12% $41,176-$89,075 22% $89,076-$170,050 24% $170,051-$215,950 32% $215,951-$539,900 35% > $539,901 37% Determine the amount of taxes owed on a taxable income of $38,520. O $3,852.00 $4,416.90 $4,622.40 $8,474.40

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Status Single DATA TABLE Total Tax Payments $ 8,342 Taxable Income $ 55,060.00 20,000 30,000 Total Tax $ 7,972 40,000 Refund Amount Amount Owed Create a one-way data table that will show the Total Tax (cell C7) for the three values of Taxable Income shown in cells F5 to F7. Answer these questions about the process of creating the data table. Before creating the table, what formulas must be put into the cells around the table? What must be entered in cell F4 before selecting Data Table from What-If Analysis?
Refer to the following table to answer the following questions: 2012 Federal Income Tax Brackets Taxable Income Tax Rate 10 percent $0-$8,700 $8,701-$35,350 15 percent 25 percent $85,651-$178,650 28 percent $178,651-$388,350 33 percent 35 percent $35,351-$85,650 Over $388,350 Using the table, what is the total payroll tax bill (assume zero state and local income taxes) for someone who makes $67,000 per year? O $5.125.50 O $17.905.25 O $23,030.75 O $16.933.75 O $13.751.25
Single-Schedule X If taxable income is: Over- $ 0 11,000 44,725 95,375 182,100 231,250 income is: Over- $ But not over- $ 11,000 44,725 95,375 182,100 231,250 578,125 0 22,000 89,450 190,750 364,200 462,500 693,750 But not over- The tax is: $ 22,000 89,450 190,750 364,200 462,500 693,750 ****** 10% $ 1,100.00+ 12% 5,147.00 +22% 16,290.00+ 24% 37,104.00+ 32% 52,832.00+ 35% 578,125 174,238.25 + 37% Married filing jointly or Qualifying widow(er)-- Schedule Y-1 If taxable The tax is: ......... 10% $ 2,200.00 +12% 10,294.00+ 22% 32,580.00 24% 2023 Tax Rate Schedules 74,208.00 + 32% 105,664.00+ 35% 186,601.50 +37% of the amount over- $ $ 0 11,000 44,725 95,375 182,100 231,250 578,125 of the amount over- 0 22,000 89,450 190,750 364,200 462,500 693,750 Head of household-Schedule Z If taxable income is: Over- $ 0 15,700 59,850 95,350 If taxable income is: Over- $ But not over- 0 11,000 44,725 95,375 182,100 231,250 346,875 $ 15,700 59,850 95,350 182,100 231,250 578,100. 182,100 231,250 578,100…
Pleas calculate the AVERAGE and MARGINAL TAX based on the tax bracket provided below. (Hint: every box in the table may NOT be used.) $0 $1,001 $3,001 Tax Bracket $10,001 $20,001 $40,001 $1,000 $3,000 $10,000 $20,000 $40,000 & Above Average Tax:__`17.729% Marginal Tax:__`25¹% Tax 5% 10% 15% 25% 30% 45% $ $ Taxable Income Amount Taxed type your ansv type your ansv type your ansv = type your ansv $16,500 $ $ $ $ Actual Tax Paid type your answe type your answe type your answe type your answe type your answe Amount Remaining $ $ $ $ type your answe type your answe type your answe type your answe
Use the 2016 marginal tax rates to compute the tax owed by the following person. A married woman filing separately with a taxable income of $198,000. i Click the icon to view the 2016 marginal tax rates. THE The tax owed is $ (Type an integer or a decimal. Round to the nearest cent as needed.)
Individual Taxpayers Income Tax Bracket ($) 0 - 9,700 9,701 - 39,475 39,476- 84,200 84,201 - 160,725 160,726 - 204,100 204,101 - 510,300 510,301 - 10% within bracket $970+ 12% within bracket $4,543 + 22% within bracket |$14,382.50 +24% within bracket $32,738.50 +32% within bracket $46,628.50 +35% within bracket Taxes Owed $153,798.50 +37% within bracket TABLE 2: 2019 tax brackets Exercise 3: Your income is $2,500,000 (2.5 million dollars) a) Compute your federal income tax b) Compute your effective tax rate
Subject: accounting
What is the minimum corporate income tax rate? Group of answer choices 2% 5% 2 1/2 % 1 1/2%
! Required information [The following information applies to the questions displayed below.] Emily, who is single, has been offered a position as a city landscape consultant. The position pays $125,000 in cash wages. Assume Emily has no dependents. Emily deducts the standard deduction instead of itemized deductions, she is not eligible for the qualified business income deduction, and she did not make any charitable donations. (Use the tax rate schedules.) b-1. Suppose Emily receives a competing job offer of $120,000 in cash compensatic $5,000. What is the amount of Emily's after-tax compensation for the competing offer? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) and nontaxable ded) benefits worth Description Amount (1) Gross income (2) For AGI deductions (3) Adjusted gross income 2$ (4) Standard deduction (5) Taxable income 2$ (6) Income tax liability After-tax compensation
Simplified Marginal Tax Rates Tax up to Beginning of range End of Marginal start of range rate range 12,000 20,000 48,000 95,000 to 0% 12,000 20,000 48,000 to 15% 1,200 7,360 21,460 42,660 to 22% to 30% 40% 148,000 210,000 95,000 to 148,000 210,000 to 45% and above 70,560 50% Sasha has annual gross income of $76,000 and works as a lawyer. What is the maximum disability insurance coverage she can get, if she can qualify for 90% of her after tax income? (Use the tax table above and input the number only, to the nearest dollar.) Answer: Next page
Status Single DATA TABLE Total Tax Payments $ 8,342 Taxable Income $ 55,060.00 20,000 30,000 Total Tax $ 7,972 40,000 Refund Amount Amount Owed Use Goal Seek to find the Taxable Income (C5) that results in the Total Tax (C7) shown. Answer to the nearest 0.01. Do not include any punctuation ($ or ,) in your answer! Example of accepted answer: 12345.67Examples of incorrect answers: $12,345.67, 12,345.67, $12345.67 Taxable Income Total Tax Answer $2,600 Answer $4,200 Answer $8,500 Answer $10,500 Answer $22,000 Be sure to answer to the neared 0.01.
Problem 1-29 (ACP) is 30% of income after bonus. Required: Determine the bonus under each of the following independent assumptions: 2. Bonus is a certain percent of income after bonus but before tax. 3. Bonus is a certain percent of income after bonus and after tax. 4. Bonus is certain percent of income after tax but before bonus

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