Homework Answers
| a | Income | Tax liability | After tax earnings | Average tax |
| 11700 | 1214.00 | 10486.00 | 10.38% | |
| 81200 | 13804.00 | 67396.00 | 17.00% | |
| 295000 | 78940.00 | 216060.00 | 26.76% | |
| 500000 | 150690.00 | 349310.00 | 30.14% | |
| 1300000 | 446690.00 | 853310.00 | 34.36% | |
| 1700000 | 594690.00 | 1105310.00 | 34.98% | |
| 1900000 | 668690.00 | 1231310.00 | 35.19% |
WORKINGS
b: The average tax rates are directly proportional to the Income before taxes.
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Marginal and average tax rates Using the tax rate schedule given here perform the following: a....
Marginal and average tax rates Using the tax rate schedule given here i, perform the following:...
Marginal and average tax rates Using the tax rate schedule given here i, perform the following: a. Calculate the tax liability, after-tax earnings, and average tax rates for the following levels of partnership earnings before taxes: $14.500; $80,400: $303.000: $496,000; $1.1 million: $1.6 million; and $1.9 million. b. Plot the average tax rates (measured on the y axis) against the pretax income levels (measured on the x axis). What generalization can be made concerning the relationship between these variables? Corporate...
"Marginal tax rates. Using the tax rate schedule given in Table 1.2, perform the following: " ...
"Marginal tax rates. Using the tax rate schedule given in Table 1.2, perform the following: " a. Find the marginal tax rate for the following levels of sole proprietorship earnings before taxes: $15,000; $60,000; $90,000; $150,000; $250,000; $450,000; and $1 million. b. Plot the marginal tax rates (measured on the y-axis) against the pretax incomelevels (measured...
Marginal tax rates. Using the tax rate schedule given in Table 1.2, perform the following: a....
Marginal tax rates. Using the tax rate schedule given in Table 1.2, perform the following: a. Find the marginal tax rate for the following levels of sole proprietorship earnings before taxes: $15,000; $60,000; $90,000; $150,000; $250,000; $450,000; and $1 million. b. Plot the marginal tax rates (measured on the y-axis) against the pretax incomelevels (measured on the x-axis). Explain the relationship between these variables. Table 1.2 2018 Tax Rate Schedule for Single Taxpayer Tax calculation Base tax + (Marginal rate...
please answer all the parts. Marginal and average tax rates Partner A, a single taxpayer, is...
please answer all the parts.
Marginal and average tax rates Partner A, a single taxpayer, is one of two partners in a small business. As such, she receives pass-through income that is taxed at her personal tax rates. After all adjustments and deductions have been made, including the 20% qualified business income deduction, she is preparing to calculate her taxes owed for the year. Using the tax rate schedule given here i perform the following: a. Calculate the tax liability,...
Please complete A and B Marginal and average tax rates Partner A, a single taxpayer, is...
Please complete A and B
Marginal and average tax rates Partner A, a single taxpayer, is one of two partners in a small business. As such, she receives pass-through income that is taxed at her personal tax rates. After all adjustments and deductions have been made, including the 20% qualified business income deduction, she is preparing to calculate her taxes owed for the year. Using the tax rate schedule given here i, perform the following: a. Calculate the tax liability,...
Marginal tax rates Partner A, a single taxpayer, is one of two partners in a small...
Marginal tax rates Partner A, a single taxpayer, is one of two partners in a small business. As such, she receives pass-through income that is taxed at her personal tax rates. After all adjustments and deductions have been made, including the 20% qualified business income deduction, she is preparing to calculate her taxes owed for the year. Using the tax rate schedule given here (SEE BELOW) perform the following: a. Find the marginal tax rate for the following levels of...
Marginal tax rates Partner A, a single taxpayer, is one of two partners in a small...
Marginal tax rates Partner A, a single taxpayer, is one of two partners in a small business. As such, she receives pass-through income that is taxed at her personal tax rates. After all adjustments and deductions have been made, including the 20% qualified business income deduction, she is preparing to calculate her taxes owed for the year. Using the tax rate schedule given here, $0 to $9,525 $0 + (10% amount over $0) 9,525 to ...
Please answer both A & B of the question! Will show gratitude Marginal and average tax...
Please answer both A & B
of the question! Will show gratitude
Marginal and average tax rates Partner A, a single taxpayer, is one of two partners in a small business. As such, she receives pass-through income that is taxed at her personal tax rates. After all adjustments and deductions have been made, including the 20% qualified business income deduction, she is preparing to calculate her taxes owed for the year. Using the tax rate schedule given here perform the...
complete all parts please. thank you Marginal tax rates Partner A, a single taxpayer, is one...
complete all parts please.
thank you
Marginal tax rates Partner A, a single taxpayer, is one of two partners in a small business. As such, she receives pass-through income that is taxed at her personal tax rates. After all adjustments and deductions have been made, including the 20% qualified business income deduction, she is preparing to calculate her taxes owed for the year. Using the tax rate schedule given here 1, perform the following: a. Find the marginal tax rate...
Marginal tax rate Partner A, a single taxpayer, is one of two partners in a small...
Marginal tax rate Partner A, a single taxpayer, is one of two
partners in a small business. As such, she receives pass-through
income that is taxed at her personal tax rates. After all
adjustments and deductions have been made, including the 20%
qualified business income deduction, she is preparing to calculate
her taxes owed for the year. Using the tax rate schedule given
below perform the following:
a. Find the marginal tax rate for the following
levels of sole proprietorship...
Marginal and average tax rates Using the tax rate schedule given here i, perform the following: a. Calculate the tax liability, after-tax earnings, and average tax rates for the following levels of partnership earnings before taxes: $14.500; $80,400: $303.000: $496,000; $1.1 million: $1.6 million; and $1.9 million. b. Plot the average tax rates (measured on the y axis) against the pretax income levels (measured on the x axis). What generalization can be made concerning the relationship between these variables? Corporate...
please answer all the parts.
Marginal and average tax rates Partner A, a single taxpayer, is one of two partners in a small business. As such, she receives pass-through income that is taxed at her personal tax rates. After all adjustments and deductions have been made, including the 20% qualified business income deduction, she is preparing to calculate her taxes owed for the year. Using the tax rate schedule given here i perform the following: a. Calculate the tax liability,...
Please complete A and B
Marginal and average tax rates Partner A, a single taxpayer, is one of two partners in a small business. As such, she receives pass-through income that is taxed at her personal tax rates. After all adjustments and deductions have been made, including the 20% qualified business income deduction, she is preparing to calculate her taxes owed for the year. Using the tax rate schedule given here i, perform the following: a. Calculate the tax liability,...
Please answer both A & B
of the question! Will show gratitude
Marginal and average tax rates Partner A, a single taxpayer, is one of two partners in a small business. As such, she receives pass-through income that is taxed at her personal tax rates. After all adjustments and deductions have been made, including the 20% qualified business income deduction, she is preparing to calculate her taxes owed for the year. Using the tax rate schedule given here perform the...
complete all parts please.
thank you
Marginal tax rates Partner A, a single taxpayer, is one of two partners in a small business. As such, she receives pass-through income that is taxed at her personal tax rates. After all adjustments and deductions have been made, including the 20% qualified business income deduction, she is preparing to calculate her taxes owed for the year. Using the tax rate schedule given here 1, perform the following: a. Find the marginal tax rate...
Marginal tax rate Partner A, a single taxpayer, is one of two
partners in a small business. As such, she receives pass-through
income that is taxed at her personal tax rates. After all
adjustments and deductions have been made, including the 20%
qualified business income deduction, she is preparing to calculate
her taxes owed for the year. Using the tax rate schedule given
below perform the following:
a. Find the marginal tax rate for the following
levels of sole proprietorship...
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