The population of Tunisia was 11.53 million in 2017. The inflation rate in that year was 5.32% in the country. In 2017, the country also had a national debt of $28.22 billion. What was the debt per capita in 20177 O a. $3,555 per person O b.$2,447.5 per person O $2,679 per person Od. $2,323.5 per person

The population of Tunisia was 11.53 million in 2017. The inflation rate in that year was 5.32% in the country. In 2017, the country also had a national debt of $28.22 billion. What was the debt per capita in 20177 O a. $3,555 per person O b.$2,447.5 per person O $2,679 per person Od. $2,323.5 per person

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose George made $20,000 last year and that he lives in the country of Harmony. The way Harmony levies income taxes, all citizens must pay 10 percent in taxes on their first $10,000 in earnings and then 50 percent in taxes on anything else they might earn. Given that George earned $20,000 last year, his marginal tax rate on the last dollar he earns will be rate for his entire income will be and his average tax O 10 percent; 50 percent O 50 percent; less than 50 percent O 10 percent; less than 50 percent O 50 percent; 50 percent
QUESTION 1 A new machine is to be purchased for $200,000. The company believes it will generate $75,000 annually in revenue due to the purchase of this machine. The company will have to train an operator to run this machine and this will result in additional labor expenses of $25,000 annually. The new machine will be depreciated using 5 years MACRS, even though the life of the project is 7 years, and the salvage value is estimated to be $0 at the end of year 7. The tax rate is 40% and the company's MARR is 15%.
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Question 7 I need an explanation
1. A very famous restaurant bought a meat processor 1O years ago for $50K. Its current book value stands at 10K. Given the fame of the restaurant, a regular and loyal patron has offered to buy the meat processor for 60K perhaps because of its potential collector's value. If the income tax on regular business income is 30% and the capital gains tax rate is 20%, how much total tax is owed by the restaurant this year for the sale of the meat processor? Please show formula and work, no excel ! :)
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