Table AOn Taxable Income ...The Tax Rate is ...Up to $8,37512%From $8,375 to $34,00014%From $34,000 to $82,40024%From $82,400 to $171,85027%From $171,850 to $373,65033%Over $373,65034%Refer to Table A. If Randy has $80,000 in income, his average tax rate is (assume a standard deduction of $12,500)15.79%20,2%.21.8%.25,0%.none of the above

As per given details:- If Randy has $ 80,000 income then tax will be like Taxable Income = 80000 -…

Answered: Refer to Table A. If Randy has $80,000…

Refer to Table A. If Randy has $80,000 in income, his average tax rate is (assume a standard deduction of $12,500) O 15.79% 20.2%. O 21.8%. 25.0%. none of the above

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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3 and 4
Joel takes out a loan from his local bank at a rate of 5%. He invests 75% of that loan into common shares of ABC Co (making his the owner of all of that company's shares). The other 25% he uses to make an interest free loan to ABC Co. How much of the interest on the loan will be deductible? 0% 25% 75% O 100%
Curly and Rita are married, file a joint return, and have two dependent children, ages 11 and 13. Their AGI is $417,000. How much is their child tax credit in 2021? O a. $6,000 O b.$5,150 O c. $4,000 d. $2,000 O O e. $3,150
let's say you have a project that has an initial investment of $3 million and annual after-tax cash flows of $1 million for 5 years. at the end of the project, you can sell the project for a profit but your net after tax proceeds are actually negative $1.066 million due to environmental clean-up costs. what is the irr? round to nearest percentage then no decimal places and use the % symbol.....8% would be the form of a correct answer.
If Heather's tax liability increases from $10,000 to $16,000 when her income increases from $30,000 to $40,000, her marginal tax rate is 33 percent. 35 percent. 50 percent. O 60 percent.
Google Corporation has no debt on its balance sheet in 2008, but paid $1.6 billion in taxes. Assume that Googleʹs marginal tax rate is 35% and Googleʹs borrowing cost is 7%. Assume that investors hold Google stock in retirement accounts that are free from personal taxes. If Google were to issue sufficient debt to reduce its taxes by $1 billion per year permanently, then the amount that Google needs to borrow is closest to A. $108 billion B. $2.86 billion C. $14.29 billion D. $40.75 billion
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QUESTION 10 Curly and Rita are married, file a joint return, and have two dependent children, ages 11 and 13. Their AGI is $417,000. How much is their child tax credit in 2021? O a. $6,000 O b. $5,150 O c. $4,000 O d. $2,000 O e. $3,150
Ms. Zellner purchases an income producing property for $900,000 and finances 70% of the total. At an annual interest rate of 6.20%, 15 year amortization, what is her monthly debt service? O a. $5,384.61 O b. $5,619.14 OC. $5,726.49 Od. $7,692.30 Moving to the next question prevents changes to this answer.
Before-tax internal rate of return (IRR) will always equal after-tax IRR. O True O False
A process plant making 5000kg /day of a product selling for $1.75 per kg has annual directproduction costs of $2 million at 100 percent capacity and other fixed costs of $700,000. What isthe fixed charge per kg at the break-even point? If the selling price of the product is increased by10 percent, what is the dollar increase in net profit at full capacity if the income tax rate is 35percent of gross earnings?
Consider the following supply and demand function, QD = 65 − 2P and QS = 1.5P − 5, and assume a $17.50 excise tax is collected from consumers. (a) Calculate price and quantity in this market before (P1 and Q1) and after the tax (P2 and Q2). (b) What is the amount of tax revenue that is collected from con- sumers, producers and in total? (c) What is the relative tax burden of consumers and producers? (d) Show how the elasticity of supply and demand determine the shar- ing of the tax burden. (e) What is the relative tax burden of producers and consumers if the tax is collected from producers, instead?