Business, 14.03.2020 00:49 Mtross30

Suppose the tax rate on the first $10,000 income is 0; 10 percent on the next $20,000; 20 percent on the next $20,000; 30 percent on the next $30,000; and 40 percent on any income over $80,000. Family A has income of $40,000 and Family B has income of $100,000. What is the marginal and average tax rate for each family? a. Family A: marginal20 percent; average10 percent; Family B: marginal40 percent; average23 percent. b. Family A: marginal20 percent; average15 percent; Family B: marginal40 percent; average20 percent. c. Family A: marginal10 percent; average10 percent; Family B: marginal30 percent; average30 percent. d. Family A: marginal20 percent; average20 percent; Family B: marginal40 percent; average40 percent.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 10:20

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.

Answers: 1

Answer

Business, 22.06.2019 12:10

The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)

Answers: 1

Answer

Business, 23.06.2019 08:00

Using an organization with which you are familiar, identify its corporate culture and the elements of its observable culture. what do you think would need change in order to facilitate innovation? what role would organizational development play in overcoming resistance to change?

Answers: 3

Answer

Business, 23.06.2019 08:20

According to the balanced budget multiplier, an increase in government spending of $10,000 that is financed by an increase of $10,000 in taxes will have what effect on the economy when mpc is 0.80?

Answers: 1

Answer

You know the right answer?

Suppose the tax rate on the first $10,000 income is 0; 10 percent on the next $20,000; 20 percent on...

Questions