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- Interest Rate (%) 20 18 16 14 12 10 8 6 2 0 ID₂ ID₁ 5 10 15 20 25 30 35 40 45 50 Investment ($B) Refer to the diagram. Assume that the investment demand curve is ID₁. The crowding-out effect of a large public debt would be shown as a(n) O shift of the investment demand curve from ID₁ to ID₂. O leftward shift of the investment demand curve. O increase in the interest rate from 4 percent to 6 percent and a decline in investment spending of $5 billion. O increase in the interest rate from 6 percent to 8 percent and a decline in investment spending of $40 billion.Table A On Taxable Income ... The Tax Rate is ... Up to $8,375 12% From $8,375 to $34,000 14% From $34,000 to $82,400 24% From $82,400 to $171,850 27% From $171,850 to $373,650 33% Over $373,650 34% 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 above1. A corporation has a taxable income of $7,060,373. At this income level, the federal income rate is 50%, the state tax rate is 22%, and the local tax rate is 13%. If each tax rate is applied to the the total taxable income, the resulting tax liability for the corporation would be (50 + 22 + 13)%. Luckily for the corporation, the taxes paid are deducted as described above. What is the tax liability (as a percentage of taxable income) if the customary deductions are taken into consideration? 2. A corporation has a taxable income of $2,122,324. At this income level, the federal income rate is 49%, the state tax rate is 18%, and the local tax rate is 9%. If each tax rate is applied to the the total taxable income, the company would have to pay $2,122,324 * 0.49 in federal taxes. Luckily for the corporation, the taxes paid are deducted as described above. How much is paid in federal taxes if the customary deductions are taken into consideration? 3. A corporation has a taxable…
- A deferred tax valuation allowance account is used to recognize a reduction in: O income tax expense. O both a deferred tax asset and deferred tax liability. O a deferred tax liability only. O a deferred tax asset only.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 levelClarence received interest from BPI from her long-term deposit amounting to P25,000. What is the amount of final tax withheld from the interest income of Clarence? a. P0 b. P2,500 c. P5,000 d. P6,250 e. Answer not given
- A4 Consider a linear income tax system in which one’s tax owed to government, T, depends on one’s income, I, according to the formula T = a + tI, where 0 < t < 1, and a is a constant. (a) What is the marginal tax rate (MTR)? Does the MTR change with income? (b) What is the average tax rate (ATR) when the income level is I? (c) If the income tax is progressive, then what can you say about the value of a?IS Grong 15. If you purchased 10 shares of Goldman Sachs stock for $1,200 five years ago and continue to hold the stock today but its value has risen to $1,500, how much will you owe in capital gains tax on your 10 shares? Assume the tax rate on capital gains is set at 15%. A) $0 $45 C) $180 D) $2251. Ms. Anna Frozen operates an ice cream store while she offers bookkeeping services to her clients. In 2018, her gross sales amounted to P400,000, in addition to her receipts from bookkeeping services of P150,000. She already signified her intention to be taxed at 8% income tax rate in her 1st quarter return. What is her tax due liability in her 1st quarter return?
- I need help. What is the correct answer.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 billionA company produces circuit boards used to update old-fashioned computer equipment. The taxes cost the company $15,000 per month. Each circuit board is made from $6 worth of material per circuit board. The selling price per unit is p = $150 -0.02D per circuit board. يزن منذ د131 a. What is the profit per month? b. What is the maximum profit? c. At what volumes do breakeven occur? What is the company's range of profitable demand? DI