An example of how to calculate the tax liability using the

Assignment Help Finance Basics
Reference no: EM13395608

Another client, Ms. Dunham, has asked you to help her understand how her tax is computed. You need to provide Ms. Dunham with the following:

  • An example of how to calculate the tax liability using the tax rate table and the tax rate formula for a taxpayer with taxable income of $55,000, filing status married filing jointly.
  • An explanation of the marginal tax rate and average tax rates for this tax payer.
  • Be clear in our elaboration s that Ms. Dunham, a person with no business or tax background, can understand.

Reference no: EM13395608

Questions Cloud

Penguin pucks inc has current assets of 7000 net fixed : penguin pucks inc. has current assets of 7000 net fixed assets of 25800 current liabilities of 6600 and long-term
A product line can also be lengthened by adding more items : 1. a product line can also be lengthened by adding more items within the present range. there are several motives for
Select four stocks from financeyahoocom googlefinancecom or : this assignment needs to consist of a portfolio analysis in a microsoft word document that is not to exceed three
Yu are owner of small bread factory and are thinking of : you are the owner of a small bread factory and are thinking of lowering costs and expanding. your small-business
An example of how to calculate the tax liability using the : another client ms. dunham has asked you to help her understand how her tax is computed. you need to provide ms. dunham
Describe why they are capable to retain food for so long : 1 food remains in the stomach for several hours. passage of food through the small intestines also requires several
Page paper that addresses how a management information : you are an independent technology consultant working with margaret smith owner of javabooks a bookstore and coffee
Thinking of the anatomy and physiology of the digestive : 1. food remains in the stomach for several hours. passage of food through the small intestines also requires several
How do you think financial ratios vary across different : how do you think financial ratios differ across different industries? compare two industries of your choice and select

Reviews

Write a Review

Finance Basics Questions & Answers

  Explaining agency cost or agency problem

What do you mean by the “agency cost” or “agency problem”? Do these interfere with maximizing shareholder wealth? Explain why or why not?

  What is the least amount mobile pro should accept

Mobile Pro currently needs capital to finish the network and views the selling of the right to SprintPCS as a perfect solution. The current risk-free rate is 5%. What is the least amount Mobile Pro should accept from SprintPCS in exchange for this..

  The quantity quality price and accessibility of financial

1.what human resource component within its operating environment is a major element of a firmrsquos ability to satisfy

  What will be your ending balance

If you leave this money on deposit for one year (52 weeks), what will be your ending balance when you close the account?"

  How much additional money must he deposit

How much additional money must he deposit if he waits for one year rather than making the deposit today?

  Explain the term capital budgeting decisions

Explain the term Capital Budgeting decisions and Salaries for the year are paid only once at the end of the year

  What was the dollar amount of retained earnings

If the firm follows a residual dividend policy and has no other projects, what is its expected dividend payout ratio?

  The henley corporation is a privately held company

Web site. The Henley Corporation is a privately held company specializing in lawncare products and services. The most recent financial statements are shown below.Income Statement for the Year Ending December 31 (Millions of Dollars Except for Per ..

  What was the cash flow from operating activity

W.C Cycling had $55,000 in cash at year-end 2013 and $25,000 in cash at year-end 2014. The firm invest in property, plant, and equipment totaling $250,000. Cash flow from financing activities totaled + $170,000.

  What is ex-dividend price of a share in a perfect capital

Natsam Corporation has $250 million of excess cash. The firm has no debt and 500 million shares outstanding with a current market price of $15 per share. Natsamâ's board has decided to payout this cash as a one-time dividend.

  What is the dividend payout ratio

2.High Flyer, Inc., wishes to maintain a growth rate of 17.75 percent per year and a debt-equity ratio of 1.25. The profit margin is 4.1 percent, and total asset turnover is constant at 1.01.

  What type of promotion mix would you implement

Assume you were a marketing manager at a healthcare company selling dietary supplements and beauty products. What type of promotion (communication) mix would you implement? How would you integrate online media into the traditional promotion mix?

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