Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 03, 2024

If your taxable income is $86,000, your gross income is $115.000, and you paid $18,000 in taxes, what is your average tax rate? (Round to

If your taxable income is $86,000, your gross income is $115.000, and you paid $18,000 in taxes, what is your average tax rate? (Round to the nearest percent.) O 26% 48% O 17% O 21%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Capitalization A Book On Corporation Finance

Authors: Hastings Lyon

1st Edition

124007736X, 9781240077366

More Books

Students also viewed these Finance questions

Question

★★★★★

Set up a 28-4 fractional factorial design. Verify that this is a resolution IV design. Discuss the advantage of a resolution IV design relative to one of lower resolution.

Answered: 1 week ago

Question

★★★★★

the iodine isotope with 72 neutrons Enter the isotopic symbol in the form X-A . For example, C-13. he phosphorus isotope with 14 neutrons Enter the isotopic symbol in the form X-A . For example,...

Answered: 1 week ago

Question

★★★★★

2. 15. Non-constant Growth [LO 8.1] Clackline Bearings Limited is a young startup company. No dividends will be paid on the shares over the next nine years because the firm needs to plough back its...

Answered: 1 week ago

Question

★★★★★

On June 30, 2018, a county (government) hospital bought 3,000 shares of stock for $94,000 intending to hold the investment for its proposed expansion of its trauma center. The market value of the...

Answered: 1 week ago

Question

★★★★★

If your taxable income is $86,000, your gross income is $115.000, and you paid $18,000 in taxes, what is your average tax rate? (Round to the nearest percent.) O 26% 48% O 17% O 21%

Answered: 1 week ago

Question

★★★★★

Find below Dolce Gusto Company's financial statements for the year ended December 31st, 2020: Dolce Gusto Company Balance Sheet For the year ended December 31st, 2020 Assets: Cash and marketable...

Answered: 1 week ago

Question

★★★★★

What are some of the ideals of socialism as it applies to the US sociology and economy, compared or contrasted to what we are currently seeing in Venezuela? I am having trouble with this assignment....

Answered: 1 week ago

Question

★★★★★

Given: f(1)=2, f'(1)=4, f'(2)=1; Write the equation of the normal line at x=1.

Answered: 1 week ago

Question

★★★★★

Discuss about a kaizen event (or kaizen blitz) that once took place in your work environment and how does it differs from other traditional kaizen applications? (10 Marks)

Answered: 1 week ago

Question

★★★★★

The required rate of return of stock ABC, which has a beta of 1.25, is 10.75%. The required rate of return of stock XYZ, which has a beta of 0.80, is 8.5%. What is the required rate of return of...

Answered: 1 week ago

Question

★★★★★

In the game Clacker, the numbers 1 through 12 are initially displayed. The player throws two dice and may cover the number representing the total or the two numbers on the dice. For example, for a...

Answered: 1 week ago

Previous Question Next Question