M Search results a nd20180 x + structure.com/courses/1618J/discussion topics/86296 This is a graded discussion 15 points possible Discussion #4: Taxes Think about the following questions and post your replies below. You must show all work to receive partial credit. No credit will be given for correct answers with no supporting work. You answer must be contained in one single post. 1. Calculate the taxes and average tax rate for a married couple family of four in the 15 percent bracket with a gross Income of $63,000 (close to the national median for a family of four) with $4000 in IRA contributions, a standard deduction of $12,600, $16,200 for four exemptions and two child tax credits of $1000 each. You need to show the details of your calculations in order to receive full credit for this question. (Hint:use Table 4-3 to calculate the aces, and refer to "Advice from a Seasoned Pro" in section 4.1d to see how the average tax rate is calculated.) 2. What is the marginal tax bracket? Explain why some taxpayers have an effective marginal tax rate as high as 40 percent? Does this mean they pay 40% of their taxable income in aces? The due date for your post is Thursday, March 19th After posting your answer read to the responses of at least two classmates and challenge them with a question. The due date for your questions is Saturday, March 21st You must reply to any questions asked in comments to your original post. Please note that I can also comment on your post and/or ask a question. The due date for your answers is Sunday, March 22nd No student will be able to post and/or comment after Sunday, March 22nd. This assignment is required and worth up to 15 points. Search ontrles or author Unread Reply Replies are only visible to those who have posted at least one reply Previous Next M Search results a nd20180 x + structure.com/courses/1618J/discussion topics/86296 This is a graded discussion 15 points possible Discussion #4: Taxes Think about the following questions and post your replies below. You must show all work to receive partial credit. No credit will be given for correct answers with no supporting work. You answer must be contained in one single post. 1. Calculate the taxes and average tax rate for a married couple family of four in the 15 percent bracket with a gross Income of $63,000 (close to the national median for a family of four) with $4000 in IRA contributions, a standard deduction of $12,600, $16,200 for four exemptions and two child tax credits of $1000 each. You need to show the details of your calculations in order to receive full credit for this question. (Hint:use Table 4-3 to calculate the aces, and refer to "Advice from a Seasoned Pro" in section 4.1d to see how the average tax rate is calculated.) 2. What is the marginal tax bracket? Explain why some taxpayers have an effective marginal tax rate as high as 40 percent? Does this mean they pay 40% of their taxable income in aces? The due date for your post is Thursday, March 19th After posting your answer read to the responses of at least two classmates and challenge them with a question. The due date for your questions is Saturday, March 21st You must reply to any questions asked in comments to your original post. Please note that I can also comment on your post and/or ask a question. The due date for your answers is Sunday, March 22nd No student will be able to post and/or comment after Sunday, March 22nd. This assignment is required and worth up to 15 points. Search ontrles or author Unread Reply Replies are only visible to those who have posted at least one reply Previous Next