Calculate federal income taxes as a person filing single

Assignment Help Business Economics
Reference no: EM131109576

Donald is a civil engineer with an annual salary of $98,000. He has dividends and interest of $7500 for the year. Total exemptions and deductions are $10,500. (a) Calculate federal income taxes as a person filing single. (b) Determine what percentage of his annual salary goes toward federal income taxes. (c) Calculate by how much the total of exemptions and deductions has to increase for Donald’s income taxes to go down by 10%. (d) The taxes paid to each of the state and federal governments

Reference no: EM131109576

Questions Cloud

In the long run equilibrium- monopolistic competitor : In the long run equilibrium, a monopolistic competitor will produce to the point at which A) actual average total costs are at the minimum of possible ATC B) actual average total costs are higher than the minimum of possible ATC C) resources are used..
How does this affect the amount you could capture : In Argentina, if you do not reach an agreement with the government distributors, you can set up a less efficient Internet-based distribution system that you would generate $20 million in value to you. How does this affect the amount you could capt..
Creating mapreduce program to calculatingpi : Creating MapReduce program to calculatingpi, Step 1: Generate an input file to the Pi MapReduce program and Create a regular Java program which accepts two command line arguments
Product of monopolistically competitive firm : The demand curve for the product of a monopolistically competitive firm
Calculate federal income taxes as a person filing single : Donald is a civil engineer with an annual salary of $98,000. He has dividends and interest of $7500 for the year. Total exemptions and deductions are $10,500. Calculate federal income taxes as a person filing single.
What he is willing to risk : Which of the following would be his best business options, depending on what he is willing to risk?
When comparing perfect competition and monopoly : When comparing perfect competition and monopoly, a major assumption made is that
Net worth as collateral to finance its investment projects : Suppose that the representative firm needs to use its net worth as collateral to finance its investment projects. When net worth is high, the firm has more collateral and can invest more. When net worth is low, the firm has less collateral and must d..
What is structure of java heap : What is structure of Java Heap? What is Perm Gen space in Heap

Reviews

Write a Review

 

Business Economics Questions & Answers

  Increase in equilibrium level of national income

In an economy, the marginal propensity to consume is 0.8. The government balances the budget by adjusting the proportional tax level to the required government spending. An increase by 10 million in government required spending will lead to an increa..

  Compare the strategic role of domestic transportation

Compare the strategic role of domestic transportation within the United States and the strategic role of international transportation. How do strategic concerns impact the firm, and how might a firm respond in practice?

  Confidence interval estimate of the population mean

The manager of a branch of a lical bank wanted to estimate the averageamount held in savings account by depositors at the bank. A random sample of 25 selected and the sample mean was$4,750 and a standard deviation of $1,200. Construct and explain a 9..

  Suppose the production function for pasta

Suppose the production function for pasta is Q = 4kl. What is the long-run optimal input combination when Q = 16 , r = 4, and w = 36 ?

  Compute the straight line and sum of year digits

Compute the straight line and SOYD (sum of year digits) depreciation. Show the annual allowances and the resulting book values using both methods in a tabular format.

  Permission by the owner of the store to hire a fellow

You are given permission by the owner of the store to hire a fellow classmate to help out. One day you see the classmate take some clothing from the store.

  Sell their products to other businesses to meet new demand

Can you think of another situation similar to the LeBron effect in which derived demand was created by something that happened in the external environment—something that caused other companies to sell their products to other businesses to meet new de..

  How does bert consumer surplus change

If the price falls to $2, how does quantity demanded change. How does Bert's consumer surplus change. Show these changes in your graph.

  Consider entering into international contractual arrangement

Describe the considerations that ABC Airline must explore as it considers entering into an international contractual arrangement with XYZ, Inc. which is an airline part manufacturer located in Europe.

  The production possibilities frontier model shows

The production possibilities frontier model shows that

  What macro environmental factors have affected

What microenvironment factors have affected Sony’s performance since 2000? What macro environmental factors have affected Sony’s performance during that period? What stands in the way of Sony’s success today?

  What is the invisible hand theory

Read Chris Tilly, “Shaking the Invisible Hand” (Real World Micro, article 1.2). What is the “Invisible Hand” theory? What are the political implications? List some of the assumptions made by economists who believe in the “invisible hand” and oppose g..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd