Personal Income Taxes - 2 Points (You must show your computations to receive credit.) 28 . Using the tax table provided, compute the income tax due for Susie and Josh Adams whose taxable income for the past year is $181,050.

Income Tax

Over Not Over The Tax is: Of the Amount Over

$- $19,750 $0 + 10% $-

19,750 80,250 1,975 + 12% 19,750

80,250 171,050 9,235 + 22% 80,250

171,050 326,600 29,211 + 24% 171,050

326,600 414,700 66,543 + 32% 326,600

414,700 622,050 94,735 + 35% 414,700

622,050 167,308 + 37.0% 622,050

(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?

Your father's employer was just acquired, and he was given a severance payment of $375,000, which he invested at a 7.5% annual rate. he now plans to retire, and he wants to withdraw $35,000 at the end of each year, starting at the end of this year. how many years will it take to exhaust his funds, i.e., run the account down to zero? a. 22.50 b. 23.63 c. 24.81 d. 26.05 e. 27.35

Banana computers has decided to procure processing chips required for its laptops from external suppliers instead of manufacturing them in their own facilities. how will this decision affect the firm? a. the firm will be protected against the principal-agent problem. b. the firm's administrative costs will be low because of necessary bureaucracy. c. the firm will have more flexibility in purchasing and comparing prices of goods and services. d. the firm will have high-powered incentives, such as hourly wages and salaries.