Refer to the table below:2020 Tax DataTax BracketMarginal Tax Rate$0-9,87510%$9,876-40,12512%$40,126-85,52522%$85,526-163,30024%$163,301-207,35032%$207,351-518,40035%Over $518,40037%Compute the taxes on a taxable income of $250,000.Instructions: For part a, enter your response as a whole number. For part b, round your response to one decimal place.a. What is the marginal tax rate?35%b. What is the nominal tax rate?14.1

Refer to the table below: 2020 Tax Data Tax Bracket Marginal Tax Rate $0-9,875 10% $9,876-40,125 12% $40,126-85,525 22% $85,526-163,300 24% $163,301-207,350 32% $207,351-518,400 35% Over $518,400 37% Compute the taxes on a taxable income of $250,000. nstructions: For part a, enter your response as a whole number. For part b, round your response to one decimal place. . What is the marginal tax rate? 35 % What is the nominal tax rate? 14.1

Refer to the table below: 2020 Tax Data Tax Bracket Marginal Tax Rate $0-9,875 10% $9,876-40,125 12% $40,126-85,525 22% $85,526-163,300 24% $163,301-207,350 32% $207,351-518,400 35% Over $518,400 37% Compute the taxes on a taxable income of $250,000. nstructions: For part a, enter your response as a whole number. For part b, round your response to one decimal place. . What is the marginal tax rate? 35 % What is the nominal tax rate? 14.1

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Subject: calculus Shannon is a resident for the full year and has given you the following information for the preparation of her income tax return for current tax year: Wage income $27,000 Investment income $1,700 Allowable Deductions $175 PAYG (W) per payment summary $3,576 PAYG (I) on investment income paid $43 per quarter Calculate Shannon’s tax credits for the current tax year.
2) In 2015, a country's progressive income tax rates were 15% on the first $25,000, 18% on the next $35,000, 20% on the next $45,000, and 25% on any additional income. If your gross taxable earnings for the year were $150,000, calculate the total income tax that you paid.
A state's conformity date can be used to determine: 1-Qualifications for state tax credits. 2-Whether recent changes to the Internal Revenue Code will carry through to the state return. 3-Whether the starting point for calculation of state taxable income is federal taxable income or federal adjusted gross income. 4-Which state-specific deductions may be claimed in the current year.
Calculate Your Taxes To find your net pay, you'll need to first calculate your taxes. Start period 02 | 01|2019 End period 02 | 15| 2019 Find the tax percentages for each type of tax on your pay stub and insert them here. Then, press the calculate button when you're ready. Gross Pay $1,837.00 Earnings Taxes Deductions FEDERAL % of $1,837.00 $1,837.00 Federal (8.24%) FICA Medicare (1.45%) FICA MEDICARE % of $1,837.00 FICA Social Security (6.20%) FICA SOCIAL SECURITY % of $1,837.00 State - OK (3.86%) STATE % of $1,837.00 Total Disclaimer: Tax numbers are for illustrative purposes only. Net Pay Calculate
An after-tax analysis for a new $50,000 machine proposed for a fiber optics manufacturing line is in process. The before tax cash flow for the machine is estimated at $20,000 per year. A recovery period of 5 years applies as well as an effective tax rate of 35%. For parts c and d, please calculate your answer to 2 decimal places. Leave in decimal form. Format 0.00 For parts a and b, please calculate your answer to the nearest whole dollar. Format 0000 No commas Use a 6-year period for the comparison to accommodate the half-year convention imposed by MACRS and an after tax MARR of 8% to answer the following questions. a. What is the allowable depreciation deduction for EOY 3? $ b. What is the after tax cash flow for EOY 5? $ c. What is the before tax IRR for this equipment? d. What is the after tax IRR for this equipment? e. Based on the results on the above parts, is the equipment economically justified using an after tax analysis?
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If you would have to pay $8,000 in taxes on $90,000 taxable income and $10,000 in taxes on $94,000 taxable income, then the marginal tax rate on the additional $4,000 of income is Mutiple Choice 10 percent, and the average ta rate is so percent at the $94.000 income evel 50 percent, ond the average tax rate is 20 percent at the S90.000 income evel s0 percent, but avernge tax rates cannot be determined from the intormation given 50 percent, and the average tax rate is about 11 percent at the $94.000 income level
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