An unmarried individual in California with a taxable income of about $80,000 has a federal incremental tax
Question:
An unmarried individual in California with a taxable income of about $80,000 has a federal incremental tax rate of 30% and a state incremental tax rate of 9.3%. What is his combined incremental tax rate?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 78% (14 reviews)
Combined incremen...View the full answer
Answered By
GERALD KAMAU
non-plagiarism work, timely work and A++ work
4.40+
6+ Reviews
11+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Katrina is single with a taxable income for last year of $75,431. Her employer withheld $14,870 in federal taxes. a. Use the tax table from Example 2 in Lesson 7-4 to determine Katrina's tax. b. Does...
-
Oscar is single with a taxable income for last year of $75,555. His employer withheld $16,381 in federal taxes. a. Use the tax table from Example 2 in Lesson 7-4 to determine Oscar's tax. b. Does...
-
Herbert and Geraldine have a taxable income of $28,000 before considering the gain they realize on the sale of 500 shares of Olebolla Corporation common stock for $26 per share. Herbert had acquired...
-
Please answer the following e-commerce problem in at least 350 words (I encourage you to write more to fully respond to the prompt). This assignment will be graded. Electronic Commerce Problem: Erin...
-
The slopes of two lines are 4 and 5/2. Which is steeper? Explain.
-
A long, straight wire lies in the plane of a circular coil with a radius of 0.010 m. The wire carries a current of 2.0 A and is placed along a diameter of the coil. (a) What is the net flux through...
-
Design a handout for students that explains the various long-term investment strategies.
-
Forrest runs Y Not Flowers, Inc. (YNF), a wholesale flower distributor with stores in several major metropolitan areas of the U.S. He is considering expanding his business, but he thinks his current...
-
Compute trend percents for the following accounts using 2020 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favourable...
-
You are the manager of a credit department. The sales team has presented a large order from a new purchaser, Wizard Industries. For approximately 12 years, Wizard has been installing security and...
-
A major industrialized state has a state corporate tax rate of 9.6% of taxable income. If a corporation has a state taxable income of $150,000, what is the total state and federal income tax it must...
-
The Lynch Bull investment company suggests that Steven Comstock, a wealthy New York City investor (his incremental income tax rate is 38.6%), consider the following investment. Buy corporate bonds on...
-
If accounts receivable increases during the period, which is greater, collections from customers or sales on account? Why?
-
Some families have been impacted by the pandemic to draw members back more close to home whilst other families seem more than ever to want their offspring to build careers abroad. Can yu please...
-
Marigold Corp. has a materials price standard of $3 per pound. 4000 pounds of materials were purchased at $3.20 a pound. The actual quantity of materials used was 4000 pounds while the standard...
-
In Fig.15.19, pinion A having 15 teeth is fixed to motor shaft. z = 20, z = 15, where B and C are a compound gear wheel. Wheel E is keyed to the machine shaft. Arm F rotates about the same shaft on...
-
discuss the fluctuation theorem and its role in understanding nonequilibrium thermodynamics, particularly in systems far from thermodynamic equilibrium ?
-
What is the main problem in this case Kathleen Pool is a human resources officer with a municipal government in a town of just over 25 000 people. A well-known consulting firm, in cooperation with...
-
Which of the following would be considered non-value-added activities by a bakery's bread customers? a. The mixing of flour, eggs, milk, and other ingredientsinto bread dough. b. Baking the bread. c....
-
Calculate the Lagrange polynomial P 2 (x) for the values (1.00) = 1.0000, (1.02) = 0.9888, (1.04) = 0.9784 of the gamma function [(24) in App. A3.1] and from it approximations of (1.01) and (1.03).
-
If the demand for a countrys exports falls at the same time that tariffs on imports are raised, will the countrys currency tend to appreciate or depreciate in the long run?
-
Consider the following sets of investment projects: Compute the equivalent annual worth of each project at i = 13%, and determine the acceptability of each project. Project Cash Flows Period D ...
-
Suppose you deposited $1,000 five years ago and another $1,000 three years ago in your savings account. If your current account balance shows $2,529.24, what is the rate of return on your deposit?
-
Two 150-horsepower (HP) motors are being considered for installation at a municipal sewage-treatment plant. The first costs $4,500 and has an operating efficiency of 83%. The second costs $3,600 and...
-
When using the service method to allocate prior service cost, the amount amortized Blank______ over the years. Multiple choice question. increases is equal decreases
-
In the Blank______ method of budgeting, firms decide the amount to be spent in different areas, such as production and operations and then allocate the remainder to advertising and promotion....
-
The major objective of equity income funds is to provide: Multiple choice question. income to shareholders. capital gains each year to shareholders. long-term capital gains to shareholders. income...
Study smarter with the SolutionInn App