Question: Sally earns $50,000 in wages before taxes, she gets $10,000 in transfer payments, and she pays $5000 in taxes. What is Sally's disposable income?
Answer
disposable income is an income after tax payment and adding the transfer payments
disposable income=wages +trasfer payment -taxes
=50000+10000-5000
=$55000
the disposable income is $55000
Question: Sally earns $50,000 in wages before taxes, she gets $10,000 in transfer payments, and she...
Sally owns real property for which the annual property taxes are $14,080. She sells the property to Kate on April 2, 2018, for $704,000. Kate pays the real property taxes for the entire year on October 1, 2018. Assume a 365-day year. Round any division to four decimal places. Round your final answers to the nearest dollar. a. How much of the property taxes can be deducted by Sally and how much by Kate? Sally can deduct $________ and Kate...
Sally owns real property for which the annual property taxes are $13,030. She sells the property to Kate on April 2, 2017, for $651,500. Kate pays the real property taxes for the entire year on October 1, 2017. Assume a 365-day year. Round any division to four decimal places. Round your final answers to the nearest dollar. a. How much of the property taxes can be deducted by Sally and how much by Kate? Sally can deduct $ ------------- and...
15. An S corporation earns $ 9.00 per share before taxes. The corporate tax rate is 39%, the personal tax rate on dividends is 15%, and the personal tax rate on non-dividend income is 36%. What is the total amount of taxes paid if the company pays a $ 6.00 dividend?
Question 1 Property income takes the form of transfer payments. wages and salaries. profits, interest, dividends, and rents. compensating differentials.
13. A C corporation earns $ 7.80 per share before taxes and the company pays a dividend of $ 6.00 per share. The corporate tax rate is 39%, the personal tax rate on dividends is 15%, and the personal tax rate on non-dividend income is 36%. What is the after-tax amount an individual would receive from the dividend?
An Scorporation earns $7.20 per share before taxes. The corporate tax rate is 39%, the personal tax rate on dividends is 15%, and the personal tax rate on non-dividend income is 36%. What is the total amount of taxes paid if the company pays a $6.00 dividend? ws O A. $3.63 O B. $2.59 O C. $2.07 O D. $3.11 Click to select your answer. ? O Type here to search Si
QUESTION 1 Chuck, a single taxpayer, earns $65,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. Using the U.S. tax rate schedule, how much federal tax will he owe? QUESTION 2 Chuck, a single taxpayer, carns $65,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. What is his average tax rate? (Carry your answer two decimals, i.e., 20.05) QUESTION 3 Chuck, a single taxpayer, earns $65,000...
bc.instructure.co Women's Loungewear & Lounge Pants Missg... ay with me! SI Taxes equal transfer payments Wave Wand - Big bouncy waves - Real GDP equals planned aggregate expenditures Question 14 1 pts You have developed a linear equation that describes the consumption function: C - 100 + 75 Yd. You are trying to explain to your supervisor who does not know economics that if a household has disposable income of $1,000, the household would spend: $750 $4,000 $850 $350 Question...
spital administrator during of $7,961. She also earns credit for excess Social Security Kathryn earns a salary of $150,000 from Hospitals, Inc. as a hospital adminis 2018 Hornitals. Inc, withholds OASDI taxes in the amount of $7.961 SL $20.000 of wages from CPR Experts where she teaches CPR. CPR Experts with taxes in the amount of $1,240. What is Kathryn's available credit for excess Son taxes withheld, assuming Kathryn's tax due before application of the credit is $8002 a $0....
2. Taxes paid for a given income level Yvette is getting ready to do her taxes. She is single and lives in Dallas. Yvette earned $200,000 in 2011. She reviews the following table, which shows the IRS tax rates for a single taxpayer in 2011. On Annual Taxable Income... The Tax Rate Is... (Percent) Up to $8,500 10 From $8,500 to $34,500 15 From $34,500 to $83,600 25 From $83,600 to $174,400 28 From $174,400 to $379,150 33 Over $379,150...