Find percentage of taxable income

Assignment Help Finance Basics
Reference no: EM133115137

Your W-2 form reports that your total wages were $111,284 for 2018. Your W-2 form also reports that $19,357 was withheld from your wages for federal income tax. You receive a 1099-INT from your bank that indicated interest earned of $12,603. You are married and will be filing as "married filing jointly".

What is your tax as a percentage of your taxable income? (go out 2 decimal places - you must use "%" for your answer to be correct otherwise it's just a number and will be marked wrong)

Reference no: EM133115137

Questions Cloud

Compute the holding period return for the 5-year period : Mr. Jaffer is planning for retirement and wants to compare the past performance of a few mutual funds he is considering for investment. He believes that a compa
Law and ethics : You accepted a job with Generic Hospital located in your city. The hospital is part of the Well Care system of for-profit hospitals.
Different diagnostic codes within medical records : Why is it important to understand the different diagnostic codes within medical records? Explain common billing codes and discuss why errors are problematic
Describe the relevance of the challenge area to the client : Describe the relevance of the challenge area to the client. What are your client's perspectives and goals as they relate to the challenge area?
Find percentage of taxable income : Your W-2 form reports that your total wages were $111,284 for 2018. Your W-2 form also reports that $19,357 was withheld from your wages for federal income tax.
About time when you communicated poorly : Describe a time when you have communicated particularly well. What were the keys to success? What about a time when you communicated poorly?
Compute the bond yield to maturity : The 11?-year, $1,000 par value bonds of Waco Industries pay 6 percent interest annually. The market price of the bond is $865, and the market's required yield t
Identify and outline three market segments : Identify and outline three market segments that operate in this fragmented market - resources are best spent targeting this market segment
Prepare the journal entries to record this transaction : On December 31, 2020, Extreme Fitness has adjusted balances of $830,000 in Accounts Receivable. Prepare the journal entries to record this transaction

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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