User Account

All Pages

Compute marriage bonus or penalty

Assignment Help Macroeconomics
Reference no: EM131111060

Consider a married couple where the husband and the wife each has $80,000 in taxable earnings. Assume they have no children and all income is from earnings.

a. Compute their tax liability as a married couple.

b. Compute their tax liability if they live together but are not married (not filing jointly).

c. Assuming that they are married, compute their marriage bonus or penalty.

Reference no: EM131111060

Questions Cloud

In addition to creating a simulation model : Review "Simulation Case Study: Phoenix Boutique Hotel Group" for this topic's case study, in which you provide guidance to Phoenix Boutique Hotel Group (PBHG) founder Bree Bristowe.
Construct set of hypothetical facts involving four players : Write a well-constructed factual scenario which demonstrates your working knowledge of the concepts of principal, accomplice, accessory, and accessory after the fact. First, construct the set of hypothetical facts involving (at least) the four "pl..
Economy and the general population : All residents of the United States will now pay for their health insurance through additional federal income tax. Identify the political, social and legal issues associated with such an action and assess the potential impact on both the economy a..
A double stem-and-leaf diagram for these data : c) Note that the starred observation in the data set is very different from the others. It is a potential outlier. Construct a box plot for these data to verify that the value 10.1 does, in fact, qualify as an outlier.
Compute marriage bonus or penalty : a. Compute their tax liability as a married couple. b. Compute their tax liability if they live together but are not married (not filing jointly). c. Assuming that they are married, compute their marriage bonus or penalty.
Graph the binomial distribution using a histogram : In a typical day, 31% of people in the United States with Internet access go online to get news. You randomly select five people in the United States with Internet access and ask them if they go online to get news. Find the probability that the nu..
Question regarding the purchases component of gdp : The government purchases component of GDP does not include spending on transfer payments such as Social Security. GDP does not also include the value of used goods that are resold.
Understanding of the word demographic dividend : What is the understanding of the word demographic dividend?
Question regarding the financial market volatility : Emerging economies are facing a "new reality" that is significantly slowing the pace of economic convergence with the rich world and risks leading to further financial market volatility, discuss.

Reviews

Write a Review

Macroeconomics Questions & Answers

  What are the main reasons why countries trade

What are the main reasons why countries trade? Are there winners and losers with free trade and export? What is the effect of trade on the unemployment rate in the United States? Please provide concrete example. Write your initial response in four..

  Evaluate newspaper or magazine articles

Aims to provide association between what you learn from economic models and concepts in class with real-life events happening around you.

  Interpret the demand of the rich and demand of the poor

There are two types of consumers of potatoes: 10 are rich and 50 are poor.Interpret the differences between the demand of the rich and the demand of the poor.

  Human rights in the same manner as the us

Some countries do not protect human rights in the same manner as the United States (US).

  Estimate the demand for new products

How does your company or management go about estimating its sales? How does it determine the demand for new products so that it can make a production run?

  Text file for reading or writing data

What is the name of the WSH object that VBScript uses to open a text file for reading or writing data? What are the VBScript methods used to read a single character, read a line of characters, or read an entire file in one code line?

  If the deflation continued for a number of years would the

If the deflation continued for a number of years would the mortgage company benefit? Why or why not? What would happen to the economy as a whole?

  Describe the value effect and the volume effect

Describe the "value effect" and the "volume effect" using the following two equations:  Trade Balance = Pexports x Qexports - Pimports x Qimports AND Pimports = E x P*

  Illustrate what are those key objectives

Illustrate what are those key objectives and what are the key tools does the Fed use to achieve those objectives.

  A firm in an oligopolistic company total cost equations

A firm in an oligopolistic company has the following demand and total cost equations Maximum quantity at which profit will be at least $850.

  Determine how many doses of the drug to produce

The company has already spent $150,000 on research and development for the drug. The first round of clinical trials has been performed cost $75,000 and the results from the trials were promising. The company is considering whether to proceed with ..

  Question 1a identify trends or other patterns in inflation

question 1a identify trends or other patterns in inflation within the an economy of your choice over the last five 5

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