Calculate total tax due and average tax rate atr for single

Assignment Help Microeconomics
Reference no: EM13455964

Given the following hypothetical U.S. Federal income tax brackets and marginal tax rates for single persons for 2011:

Taxable Income

Marginal Tax Rates

0 - $20,000

5%

$20,000 - 60,000

10%

$60,000 - 200,000

20%

Over $200,000

30%

Compute the total tax due AND the average tax rate (ATR) for a single person with taxable income in 2011 (show your calculations!) of

1. $5,000

2. $50,000

3. $500,000

4. Which tax structure is this, based on your values of ATR?

Reference no: EM13455964

Questions Cloud

Price escalation is the major pricing problem for : price escalation is a major pricing problem for the international marketer. explain the concept of price escalation and
Aording to neoclassical model how much does college : consider the special case solved in the text where beta1 and utility takes the log form. suppose the real interest
Perform computations to find out what the dba reading will : a plant has two identical standby generator units for emergency power use. in the area of the generators the normal
Explain why was demings theory on quality embraced by the : q1. why was demings theory on quality embraced by the japanese auto industry and rejected by the american auto
Calculate total tax due and average tax rate atr for single : given the following hypothetical u.s. federal income tax brackets and marginal tax rates for single persons for
Make a 50-word summary in your own words which explains the : create a 50-word summary in your own words that describes the motions of the galilean moons and how this changes over
Uing rudebusch version of taylor rule from internet : using the rudebusch version of the taylor rule from the internet activity compute the value of the federal reserves
Write down the characteristics of the long-run phillips : for each of the following tax liability schedules identify whether it represents a progressive regressive or
Illustrate the difference between value that is : present a well-developed essay response to each question. write in a clear and descriptive narrative fashion maintain a

Reviews

Write a Review

Microeconomics Questions & Answers

  Derive the foc and soc conditions of profit maximization

Derive the FOC and SOC conditions of profit maximization for this firm. Show that SOC is satisfied (impose necessary conditions). Which plant will have a greater increase in output? Please explain why.

  Tariffs not only reduce the volume of imports

Tariffs not only reduce the volume of imports, they also reduce the volume of exports

  Training organizational members how to be coaches and how

for the statements below you are to write two answers. one answer should agree with the statement the other should

  What was the economic benefit to park visitors

Does the quantity of trash increase or decrease the willingness to pay for an additional trip?

  How much will the industry as a whole produce

Suppose that you are on the board of directors of a firm which is the dominant firm in the industry. That is, it lets all of the other firms, which are much smaller, sell all they want at the existing market price. In other words the smaller firms..

  Find the equilibrum price of electricity

Some experts have suggested that of the total electricity consumed in the United States, 8 percent is used up by the internet. Thus an increased demand by consumers to surf the internet will the equilibrum price of electricity and the equilibrium ..

  Would you categorise green engineering as quick fix program

green engineering has proven to be an obstacle to many industries. the reason is their misunderstanding of the

  Native labourers in long run

What will be the immediate impact on wages in each of the regions in the short run (before any migration between the North and the South occurs)?

  Why does wal-mart have a cost advantage

When Wal-Mart locates in a smaller town, often the local retailers (e.g., hardware, clothing, and appliance stores) are unable to successfully compete and are driven out of business.

  Finding firm profit from its cost graph

The upper graph is for perfectly competitive firm. The lower graph is for the monoploist. Employ the graphs to answer the following questions: What is the firm's Total Revenue?

  Suppose the recipient of a kidney transplant has stated

suppose the recipient of a kidney transplant has stated that she would prefer 5 years of perfect health to the 10 years

  Domestic interest rate would affect international investment

Explain how a +0.5% adjustment in domestic interest rates would affect international investment flows. Determine if such a change would have a bigger impact on larger or smaller countries.

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