Homework Answers
Solution:
option 2
25%
A marginal tax rate is a tax on one more unit of income.
if the income increases to $67001 then also the income will go to te tax bracket of the 25% for the last dollar earned , so the marginal tax rate is 25%.
Add Answer to:
Question 11 (3 points) Refer to the table to answer the following questions: 2012 Federal Income...
Use the 2012 marginal tax rates to compute the tax owed by the following person. Round...
Use the 2012 marginal tax rates to compute
the tax owed by the following person. Round taxable income to the
nearest dollar as needed. A single woman with a taxable income of
$78000
The tax owed is
2012 Marginal Tax Rates, Standard Deductions, and Exemptions Unmarried, divorced, Married and each partner Married and both Unmarried and paying or legally separated files a separate tax return partners file a single more than half the cost tax return of supporting a...
Use the marginal income tax rates shown here to calculate the average tax rate on an...
Use the marginal income tax rates shown here to calculate the
average tax rate on an income of $100,000.
Taxable Income
Tax rate
$0–$8,700
10%
$8,700–$35,350
15%
$35,350–$85,650
25%
$85,650–$178,650
28%
$178,650–$388,350
33%
Over $388,350
35%
Average tax rate on $100,000 of income is ____________.
21.46%
24.27%
28.00%
10.5 points
QUESTION 2
Use the marginal income tax rates shown here to calculate the
average tax rate on an income of $200,000.
Taxable Income
Tax rate
$0–$8,700
10%
$8,700–$35,350
15%...
Hi, I'm just having some trouble with the last 3 sub questions. Thanks < Back to...
Hi, I'm just having some trouble with the last 3 sub
questions. Thanks
< Back to Assignment Attempts: Average: 74 2. Taxes paid for a given income level Megan is getting ready to do her taxes. She is single and lives in Miami. Megan earned $110,000 in taxable income in 2015. She reviews the following table, which shows the IRS tax rates for a single taxpayer in 2015. On Annual Taxable Income... Up to $9,225 From $9,225 to $37,450 From...
Please answer questions that I filled in also. Thank you. Calculating Taxable Income Rate Taxable income...
Please answer questions that I filled in also. Thank
you.
Calculating Taxable Income Rate Taxable income $1 - $9,075 $9,076 - $36,900 $36,901 - $89,350 $89,351 - $186,350 $186,351 - $405,100 $405,101 - $406,750 Over $406,751 10.0% 15.0% 25.0% 28.0% 33.0% 35.0% 9.6% Using the tax table shown at the left, compute the tax liability for each individual in the scenarios presented, rounding the liability to the nearest dollar. In addition, use the dropdown lists to identify the marginal tax...
Table 12-3 Income SO to $40,000 Over $40,000 Tax rate 20% 50% Refer to Table 12-3....
Table 12-3 Income SO to $40,000 Over $40,000 Tax rate 20% 50% Refer to Table 12-3. What is the marginal tax rate for a person who makes $35,000? Select one: a. 50% b. 30% c. 40% d. 20% NE e link: Topic 07.3 3/15/2019 Jump to... Sample questions for Exa
2. Taxes paid for a given income level Van is getting ready to do his taxes....
2. Taxes paid for a given income level Van is getting ready to do his taxes. He is single and lives in New York City. Van earned $70,000 in taxable income in 2015. He reviews the following table, which shows the IRS tax rates for a single taxpayer in 2015. On Annual Taxable Income... The Tax Rate Is... (Percent) Up to $9,225 10.0 From $9,225 to $37,450 15.0 From $37,450 to $90,750 25.0 From $90,750 to $189,300 28.0 From $189,300...
(2.5 points) The following table indicates the Federal Personal Income Tax Rates in 1989. Income Marginal Tax Ra...
(2.5 points) The following table indicates the Federal Personal Income Tax Rates in 1989. Income Marginal Tax Rate Taxes Paid $0 0% $1 -- $29,750 15% $29,751 -- $71,900 28% $71,901--$149,250 33% Over $149,250 28% (.5 points) Would you characterize this tax schedule as proportional, progressive, or regressive? Explain why. (.5 points) Suppose a person earns $135,000 in 1989. Show in the table the taxes this person would pay in each income category. (.5 points) Calculate the tax rate that...
Use the following table to answer questions below: Range of taxable income  
Use the following table to answer questions below: Range of taxable income Marginal rate $ 0 to $ 50,000 15% 50,000 to 75,000 25 75,000 to 100,000 34 100,000 to 335,000 39 335,000 to 10,000,000 34 10,000,000 to 15,000,000 35 Smith Company has a taxable income of $90,000. Calculate their actual income tax liability. Using your answer from question (3) above, calculate Smith’s effective tax rate at...
Back to Assignment Keep the Highest: 2/4 0 Attempts 8. Taxes paid for a given income...
Back to Assignment Keep the Highest: 2/4 0 Attempts 8. Taxes paid for a given income level Deborah is getting ready to do her taxes. She is single and lives in San Francisco. Deborah earned $120,000 in taxable income in 2015. She reviews the following table, which shows the IRS tax rates for a single taxpayer in 2015 The Tax Rate Is... On Annual Taxable Income... (Percent) 10.0 Up to $9,225 From $9,225 to $37,450 15.0 From $37,450 to $90,750...
2. Taxes paid for a given income level Yvette is getting ready to do her taxes. She is single and lives in Dallas. Yve...
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...
Use the 2012 marginal tax rates to compute
the tax owed by the following person. Round taxable income to the
nearest dollar as needed. A single woman with a taxable income of
$78000
The tax owed is
2012 Marginal Tax Rates, Standard Deductions, and Exemptions Unmarried, divorced, Married and each partner Married and both Unmarried and paying or legally separated files a separate tax return partners file a single more than half the cost tax return of supporting a...
Use the marginal income tax rates shown here to calculate the
average tax rate on an income of $100,000.
Taxable Income
Tax rate
$0–$8,700
10%
$8,700–$35,350
15%
$35,350–$85,650
25%
$85,650–$178,650
28%
$178,650–$388,350
33%
Over $388,350
35%
Average tax rate on $100,000 of income is ____________.
21.46%
24.27%
28.00%
10.5 points
QUESTION 2
Use the marginal income tax rates shown here to calculate the
average tax rate on an income of $200,000.
Taxable Income
Tax rate
$0–$8,700
10%
$8,700–$35,350
15%...
Hi, I'm just having some trouble with the last 3 sub
questions. Thanks
< Back to Assignment Attempts: Average: 74 2. Taxes paid for a given income level Megan is getting ready to do her taxes. She is single and lives in Miami. Megan earned $110,000 in taxable income in 2015. She reviews the following table, which shows the IRS tax rates for a single taxpayer in 2015. On Annual Taxable Income... Up to $9,225 From $9,225 to $37,450 From...
Please answer questions that I filled in also. Thank
you.
Calculating Taxable Income Rate Taxable income $1 - $9,075 $9,076 - $36,900 $36,901 - $89,350 $89,351 - $186,350 $186,351 - $405,100 $405,101 - $406,750 Over $406,751 10.0% 15.0% 25.0% 28.0% 33.0% 35.0% 9.6% Using the tax table shown at the left, compute the tax liability for each individual in the scenarios presented, rounding the liability to the nearest dollar. In addition, use the dropdown lists to identify the marginal tax...
Table 12-3 Income SO to $40,000 Over $40,000 Tax rate 20% 50% Refer to Table 12-3. What is the marginal tax rate for a person who makes $35,000? Select one: a. 50% b. 30% c. 40% d. 20% NE e link: Topic 07.3 3/15/2019 Jump to... Sample questions for Exa
Back to Assignment Keep the Highest: 2/4 0 Attempts 8. Taxes paid for a given income level Deborah is getting ready to do her taxes. She is single and lives in San Francisco. Deborah earned $120,000 in taxable income in 2015. She reviews the following table, which shows the IRS tax rates for a single taxpayer in 2015 The Tax Rate Is... On Annual Taxable Income... (Percent) 10.0 Up to $9,225 From $9,225 to $37,450 15.0 From $37,450 to $90,750...
Most questions answered within 3 hours.
-
LSAT test scores are normally distributed with a mean of 157 and
a standard deviation of...
asked 2 seconds ago -
2.00 × 10^20 electrons flow through a cross section of a
3.60-mm-diameter iron wire in 5.00...
asked 4 minutes ago -
By exerting an effort of 115 pounds, you move a 300–pound crate
up an inclined plane...
asked 7 minutes ago -
A projectile is launched horizontally with an initial speed 20
m/s. After 4 seconds how far...
asked 13 minutes ago -
A pipe is open on both ends. The diameter of the pipe is 5.0 cm
and...
asked 26 minutes ago -
How many times more light does a 16-inch diameter telescope
mirror gather than your 2-inch telescope?
asked 27 minutes ago -
11.At present, the cost of the clean air and water regulations
is
A) higher then the...
asked 27 minutes ago -
2. How long would it take for 1.50 mol of water at 100.0 ∘C to
be...
asked 44 minutes ago -
According to the February 2008 Federal Trade Commission report
on consumer fraud and identity theft, 23%...
asked 56 minutes ago -
Data is only as good as its completeness. And we have all dealt
with incomplete data....
asked 52 minutes ago -
Design a Class Diagram for a game of Dots and Boxes
that can do the
following:...
asked 57 minutes ago -
Describe the Christian Anfinsen’s experimentS AND explain how
they have resulted in our current understanding of...
asked 1 hour ago