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4. Rick's Fine Sporting Goods-a small sporting goods store in Gainesville-made profits (OI) of $87,000 during 2018. What is the amount of tax paid, the marginal rate, and the average tax? 5. Joni's Gator Outlet made profits (OI) of $103,000 during 2018. What is the amount of tax paid, the marginal rate, and the average tax? 6. Rick of Rick's Fine Sporting Goods is concerned that Congress will institute a flat tax of 39% for 2019. He estimates his profits (OI) will be $117,500 for this year. If the flat tax is passed what will be the: a) the amount of tax owed b) the marginal rate c) the average tax rate IF the flat tax DOES NOT pass and the current tax bracket system is used what will be: d) the amount of tax owed e) the marginal rate f) the average tax rates 7. Calculate the rate of return for a share of stock that initially cost $20, was sold for $23 one year later, and received $1.50 in dividends during the year. 8. Give one example of a liquid asset and one example of a hard asset in the sport industry. 9. Suppose you invest $2,000 in a savings account earning 4% yearly compounded interest with no inflation. What is the future value of this account in 20 years? 4. Rick's Fine Sporting Goods-a small sporting goods store in Gainesville-made profits (OI) of $87,000 during 2018. What is the amount of tax paid, the marginal rate, and the average tax? 5. Joni's Gator Outlet made profits (OI) of $103,000 during 2018. What is the amount of tax paid, the marginal rate, and the average tax? 6. Rick of Rick's Fine Sporting Goods is concerned that Congress will institute a flat tax of 39% for 2019. He estimates his profits (OI) will be $117,500 for this year. If the flat tax is passed what will be the: a) the amount of tax owed b) the marginal rate c) the average tax rate IF the flat tax DOES NOT pass and the current tax bracket system is used what will be: d) the amount of tax owed e) the marginal rate f) the average tax rates 7. Calculate the rate of return for a share of stock that initially cost $20, was sold for $23 one year later, and received $1.50 in dividends during the year. 8. Give one example of a liquid asset and one example of a hard asset in the sport industry. 9. Suppose you invest $2,000 in a savings account earning 4% yearly compounded interest with no inflation. What is the future value of this account in 20 years