Marginal rate and income tax

Assignment Help Business Economics
Reference no: EM13797142

You pay a marginal rate of 3% on the first $10,000 of income and a marginal rate of 5% on the second $10,000 of income. You make $18,000 a year, how much is your income tax?

Reference no: EM13797142

Questions Cloud

Determine the velocity and acceleration of the shaft : Determine the velocity and acceleration of the shaft B when the angle θ is 50° and the angular velocity ω of OA is 4.0 rad/s (clockwise) and the angular acceleration of OA is zero. The spring is there to ensure that contact with the roller is main..
What is the role of a manager in the hospitality industry : What is the role of a manager in the hospitality industry - what are some things to observe in both the front of the house and the back of the house in the early stages of your career?
Write cause essay about effects of online education : Today there is an increasing amount of students enrolling in online schools. Write a cause-and-effect essay explaining the effects that online education has on students.
Effect of taxing demanders are the same as taxing suppliers : The demand for Pepsi is more elastic Than the demand for soda. The effect of taxing demanders are the same as taxing suppliers.
Marginal rate and income tax : You pay a marginal rate of 3% on the first $10,000 of income and a marginal rate of 5% on the second $10,000 of income. You make $18,000 a year, how much is your income tax?
Assignment evaluate a financial plan : Assignment Evaluate a Financial Plan
A shortage of a good occurs when : A shortage of a good occurs when: Who ultimately pays the tax depends on who writes the check to the government. If a buyers pay $10 per unit and sellers receive $8.50 per unit the tax is 1.50 per unit
What appears to be the underlying problem : What appears to be the underlying problem or problems with front office operations and What hotel information should Frank be checking?
Quantity the curve that is flatter is more elastic : If a two linear demand curve run through a common point than at any given quantity the curve that is flatter is more elastic? Whether buyers or sellers bear the majority of the tax burden depends on who initially imposed the tax?

Reviews

Write a Review

Business Economics Questions & Answers

  Rest of our political system of representative democracy

The Federal Reserve System is structured in such a way as to insulate monetary policy from the political pressures characteristic of the rest of our political system of representative democracy. Do you agree or disagree with this quote? Explain your ..

  Low fixed costs also high variable costs

One organization must have high fixed costs also low variable cost also the other must have low fixed costs also high variable costs.

  Best explanation for the states historic reliance

which of the following is the best explanation for the state's historic reliance on severance taxes on oil and gas production.

  Energy efficient vs economic efficiency

Builders of a hybrid car declared it would build a car that would get 180 miles per gallon of unleaded gas. They figured it would cost $40,000 each car to build.

  Consumer at an optimum

What is the MRS Is this consumer at an optimum. If not at an optimum should the consumer buy more of the X good or more of the Y good.

  An organization or business in your area that performs

Give an example of an organization or business in your area that performs the "place" function, and explain why you picked this organization/business.

  Evaluate the risk categories-countries and industries

Evaluate the risk categories, countries, and industries represented in this index 2019s leading companies.

  What will the monopolistic competitors average fixed cost

Suppose a monopolistic competitor and long-run equilibrium has a constant marginal cost of six dollars and faces the demand curve given in the following table: What output will the firm choose? What will the monopolistic competitor's average fixed co..

  Determine the own advertising elasticity of demand

Determine the income elasticity of demand, and state whether good X is a normal or inferior good. Determine the own advertising elasticity of demand.

  Q1 use the following general linear demand relationsqd 100

q1. use the following general linear demand relationsqd 100 - 5p 0.004m - 5 pr where p is the price of good x m is

  What are growth promoting policies prescribed by models

1. What are the growth promoting policies prescribed by neoclassical models? 2. What are the growth promoting policies prescribed by new growth models? Give me the good explanation.

  Why is enforcement of this aspect of egress design

Non-enforcement of occupant loads have been at root of several large loss fires in past including Cocoanut Grove fire. Why is enforcement of this aspect of egress design so important. Examples from your own experience.

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