What is Melodie marginal tax rate

Assignment Help Accounting Basics
Reference no: EM132677347

Problem - Melodie's taxable income is $39,000 and she pays income tax of $4,489. If Melodie's taxable income increases to $41,000, she would pay income taxes of $4,884. What is Melodie's marginal tax rate?

a. 19.75%

b. 22.00%

c. 18.50%

d. 12.00%

e. Some other amount

Reference no: EM132677347

Questions Cloud

What potential strategies could be used to reduce the demand : As Hite and Seitz, What potential strategies could be used to reduce the demand for energy in industrialized economies with large populations?
Keeping abreast of financial measures and metrics : Keeping abreast of the financial measures and metrics employed by a company allows employees to better understand its health and position at any given time.
What are your academic strengths and weaknesses : What type of learner are you? How will your learning style fit each of the modalities that WCU offers (face to face/fully online/blended)?
Describe culture and socialization : Analyze contemporary social issues using the sociological imagination and use sociological theories and concepts to analyze everyday life.
What is Melodie marginal tax rate : If Melodie's taxable income increases to $41,000, she would pay income taxes of $4,884. What is Melodie's marginal tax rate
Ethical dilemma to learn more about relationship : View this Ethical Dilemma to learn more about the relationship between Joe, the salesman for UWEAR, and Bill, the customer
What is Glen marginal tax rate : Glen's taxable income is $50,000 and he pays income tax of $6,864. If his income were $60,000, What is Glen marginal tax rate
Discuss why the given types of tools are used : Considering that communication with a single patient, a family, a group, professionals, or an organization will vary based upon context and severity.
How would gans argument interpreted through a conflict lens : How would Gans' argument be interpreted through a conflict lens? How would a conflict theorist understand the presence of poverty in society

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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