Business, 07.06.2020 05:02 johnkings140
Annual Income Tax Rate Up to $80,000 10% From $80,001 to $120,000 20% Over $120,000 30% This is an example of aregressive income tax. Van, a resident of Econoland, currently works 20 hours a week and earns an annual income of $80,000. After paying income taxes, Van receives$72,000 per year. If Van works an additional 10 hours a week (30 hours a week total), his annual income will be $120,000. After paying income taxes, Van will receive$100,000 per year. In other words, by working an additional 10 hours per week, Van will receive an additional$28,000 . If Van works 10 more hours in a week (40 hours a week total), his annual income will further increase to $160,000. After paying income taxes, Van will receive$140,000 per year. In other words, by working 10 more hours per week, Van will receive$36,000.00 more than what he would receive if he works only 30 hours a week. As Van works more, the additional amount he receives from working 10 more hoursdecreases , which means his cost of leisuredecreases .
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How many months does the federal budget usually take to prepare
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Suppose that each country completely specializes in the production of the good in which it has a comparative advantage, producing only that good. in this case, the country that produces jeans will produce million pairs per week, and the country that produces corn will produce million bushels per week.
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Awork system has five stations that have process times of 5, 9, 4, 9, and 8. what is the throughput time of the system? a. 7b. 4c. 18d. 35e. 9
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Donald has created a trust for the benefit of his three nephews, huey, dewey, and louie, who are all minors. donald plans on making annual contributions to the trust. donald would like his annual contributions to the trust to qualify for the annual exclusion. what would be the best way to accomplish this goal? a)
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Annual Income Tax Rate Up to $80,000 10% From $80,001 to $120,000 20% Over $120,000 30% This is an e...
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