Carol uses this graduated tax schedule to determine how much income tax she owes.
if taxable income is over- but not over-
the tax is:
$o
$7.825
$31,850
$64.250
$7,825
$31,850
$64.250
$97.925
10% of the amount over $0
$782.50 plus 15% of the amount over 7,825
$4,386 25 plus 25% of the amount over 31,850
$12,486 25 plus 28% of the amount over
64.250
$21.915.25 plus 33% of the amount over
97.925
$47.300.50 plus 35% of the amount over
174,850
$97.925
$174,850
$174.850
no limit
if carol's taxable income is $89,786, how much income tax does she owe, to the nearest dollar?
a. $25,140
b. $12,654
c. $19,636
d. $37,626
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The east asiatic company (eac), a danish company with subsidiaries throughout asia, has been funding its bangkok subsidiary primarily with u.s. dollar debt because of the cost and availability of dollar capital as opposed to thai baht-denominated (b) debt. the treasurer of eac-thailand is considering a 1-year bank loan for $247,000.the current spot rate is b32.03 /$, and the dollar-based interest is 6.78% for the 1-year period. 1-year loans are 12.04% in baht.a. assuming expected inflation rates of 4.3 % and 1.24% in thailand and the united states, respectively, for the coming year, according to purchase power parity, what would the effective cost of funds be in thai baht terms? b. if eac's foreign exchange advisers believe strongly that the thai government wants to push the value of the baht down against the dollar by5% over the coming year (to promote its export competitiveness in dollar markets), what might the effective cost of funds end up being in baht terms? c. if eac could borrow thai baht at 13% per annum, would this be cheaper than either part (a) or part (b) above?