Question
1.In which of the following cases does a person receive income as an investor? Deanna receives money by inheritance from her parents. Alina receives income
1.In which of the following cases does a person receive income as an investor?
Deanna receives money by inheritance from her parents.
Alina receives income from Social Security benefits.
Tim receives a share of the profits of a business through dividends.
Juan receives income from interest payments on money deposited in a bank.
2. Logan earns a total of $73,000 annually. He is a single filer and has a taxable income of $50,000. The tax brackets and tax rates are as follows: $0-$9,525: 10% $9,525-$38,700: 12% $38,700-$82,500: 22%
Calculate Logan's effective tax rate.
13.87%
22%
15%
9.51%
3.Who among the following people receives a bonus as part of their income?
Anni, who earns a percentage of the selling price of every house she sells
Agnetha, who earns a fixed monthly income of $5,000 at her job
Paul, who receives an extra $5,000 each year if he performs well on the job
Simon, who earns double his hourly rate when he works on Sundays
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