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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
Currently in the US there is a demographic trend that has caused dramatic increases in the number of students attending universities. The children of Baby Boomers have grown up and are ready for college.
The Green City Hospital treated 100 patients in May with 20 nursing hour inputs, and it treated 120 patients in June with 22 nursing hour inputs. What is the total product for each month? What is the marginal product?
Consider an oligopoly industry whose firms have identical demand and cost conditions. If the firms decide to collude, then they will want to collectively produce the amount of output that would be produced by:
Scottish political economist Adam Smith didn't trust situations where the people who provide the money for a business don't actually manage the company. In The Wealth of Nations, he observed that such managers don't watch over the investment
Using two analytical tools (either an approach or a specific tool, e.g., Porter, RBV, Transaction Cost analysis, Principal Agency Theory, etc.) analyze the strategy of any corporation, of your choice (you must choose a different organization than for..
What is endogenous growth? How do endogenous growth models differ from the neoclassical models of growth? How do the implications of an increase in saving with regard to both the level and the growth rate of output differ between the neoclassical gro..
An article published in an economics journal examines “life cycle consumption decisions,” that is, an individual’s borrowing, spending, saving and investment from childhood through retirement. The authors describe their study as an “experiment . . . ..
Assume some pencil workers switch to jobs in the growing computer industry
The country of Trenton does not trade with any other country. Its GDP is $925. Its government purchases $126 worth of goods and services each year, collects $171 in taxes, and provides $49 in transfer payments to households. Private saving in Trenton..
Explain how will you consider the structure of the fresh salmon industry to calculate the forecast. Will you advise the firm to enter the industry.
Calculate how the hurricane affects the income of each worker and of each remaining orchard owner. What happens to the income of Ectenia as a whole?
By itself, the upstream manufacturer cannot implement a price discrimination scheme against downstream consumers because downstream retailers can defeat it. To see this, suppose that home gardeners and farmers both use the same herbicide. Suppose the..
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