In 2020, Sheryl is claimed as a dependent on her parents' tax return. Sheryl did not provide more than half of her own support. Her parents are in the 12% marginal tax bracket. Sheryl's income tax rate is 10%. What is Sheryl's tax liability if Sheryl received $5,000 of interest income this year from corporate bonds. This is her only source of income. She is 16 years old at year-end. Note: apply the current kiddie tax rules (as covered in the video lecture on kiddie tax).

Companies in the u.s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct