User Account

All Pages

Calculate marginal tax rate and taxable income

Assignment Help Finance Basics
Reference no: EM131448648

Question: Salary $22,000.00 Corporate Bonds $2,000.00 Muni Bonds $10,000.00 Ordinary Dividends $3,000.00 Qualified Dividends $3,000.00 ST Capital Gain $150.00 LT Capital Loss $1,500.00 Independent Contractor Net Income $17,500.00 Child Support Paid $3,000.00 Medical Expenses $700.00 Unreimbursed Employee Business Expenses $500.00 Charitable Contributions $1,750.00 Alimony Paid $4,000.00 Dental Expenses $2,500.00 Self Employment Taxes (100%) $2,473.00 Real Estate Taxes $800.00 Mortgage Interest $1,450.00 Filing Status HOH Dependents 3 Withholding $8,000.00 Non-Refundable Credits $2,500.00 Calculate: Blank 1 Gross Income Blank 2 Adjusted Gross Income Blank3 Taxable Income Blank 4 Income Tax Liability Blank 5 Tax Due/(Refund) Blank 6 Marginal Tax Rate Blank 7 Average Tax Rate Blank 8 Effective Tax Rate.

Reference no: EM131448648

Questions Cloud

Calculate marginal tax rate and taxable income : Salary $22,000.00 Corporate Bonds $2,000.00 Muni Bonds $10,000.00 Ordinary Dividends $3,000.00 Qualified Dividends $3,000.00 ST Capital Gain $150.00 LT Capital Loss $1,500.00 Independent Contractor Net Income $17,500.00.
Calculate marginal tax rate and taxable income : Salary $22,000.00 Corporate Bonds $2,000.00 Muni Bonds $10,000.00 Ordinary Dividends $3,000.00 Qualified Dividends $3,000.00 ST Capital Gain $150.00 LT Capital Loss $1,500.00 Independent Contractor Net Income $17,500.00.
Utility maximization model-consumer theory : What are the assumptions we need to have for our Utility Maximization model (Consumer theory)?
Calculate marginal tax rate and taxable income : Salary $22,000.00 Corporate Bonds $2,000.00 Muni Bonds $10,000.00 Ordinary Dividends $3,000.00 Qualified Dividends $3,000.00 ST Capital Gain $150.00 LT Capital Loss $1,500.00 Independent Contractor Net Income $17,500.00.
Calculate marginal tax rate and taxable income : Salary $22,000.00 Corporate Bonds $2,000.00 Muni Bonds $10,000.00 Ordinary Dividends $3,000.00 Qualified Dividends $3,000.00 ST Capital Gain $150.00 LT Capital Loss $1,500.00 Independent Contractor Net Income $17,500.00.
Utility maximization model-consumer theory : What are the assumptions we need to have for our Utility Maximization model (Consumer theory)?
Secret to producing more consumption goods in the future : The secret to producing more consumption goods in the future is
Sustainable without increasing inflation pressure : If the Labor force grew by 1.5% per year, what rate of increase in RGDP would be sustainable without increasing inflation pressure?
Perfect complements or perfect substitutes : Assume that Dr. Slight has $100 to spend on goods X and Y. Are X and Y perfect complements or perfect substitutes? Explain how you know.

Reviews

Write a Review

Finance Basics Questions & Answers

  What is an optimum currency area

What is an optimum currency area? Is the European Union (EU) an optimum currency area? Explain your answer based on the criteria of an optimum currency area.

  What rate of return must each successful project pay

George lends $200,000 for each new idea. George's history is that he selects low-risk projects or ideas that hit 80% of the time. What rate of return must each successful project pay George for him to break even?

  What are united''s enterprise and total market values

Consider that United uses the entire £50 million in excess cash to pay a special dividend and what will be the amount of the regular yearly dividends in the future

  Comparing long and short term financing

In business the need of loan is always there. You need to purchase land, machinery, construction of the work shed. This type of expenditure requires long term finance.

  What is the company current expected stock price

Humana Inc.'s last dividend (D0 ) was $1.12, and its earnings and dividends are expected to increase at a constant growth rate of 12%. Humana's market beta is 1.16. If the current risk-free rate is 5% and the required rate of return on the market ..

  Effect do the closing costs have on the effective a i r

If the loan in Problem 22 is paid off at the end of the thirtieth month (at the time of the 30th payment) what effect does this have on the effective annual interest rate?

  Update the information or change and paraphrase

Update the information (change and paraphrase ) them from 2013 to 2015 about Dell company and add one table about ratios and two references.

  What type of auto insurance is required in north carolina

Research and summarize what type of auto insurance is required in the state of North Carolina.  Andrew received notice from his auto insurer that it would not renew his auto insurance policy.

  The present value of the expected cash flows

A generalized model for the value of any asset is the present value of the expected cash flows:

  What distinguishes an annuity from a perpetuity

Look at the formula for the present value of an annuity. What happens to its value as the number of periods increases?- What distinguishes an annuity from a perpetuity?

  Lists prices of various ibm options

Use Figure 20.1, which lists prices of various IBM options. Use the data in the figure to calculate the payoff and the profits for investments in each of the following Jul expiration options, assuming that the stock price on the expiration date is..

  An appropriate contractual provision or policy benefit

Kathy, age 29, is married and has a son, age 3. She owns a $100,000 ordinary life insurance policy that contains a waiver-of-premium provision, guaranteed purchase option, and accelerated benefits rider.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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