Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 16 (1 point) What are the marginal and average tax rates for a single taxpayer with an income level of $90,000? Single Taxpayer Tax

image text in transcribed
Question 16 (1 point) What are the marginal and average tax rates for a single taxpayer with an income level of $90,000? Single Taxpayer Tax Rate (96) 0-9,525 9,525 to 38,700 38,700 to 82,500 82,500 to 157,500 157,500 to 200,000 200,000 to 500,000 500,000 and above Married Taxpayers filing Jointly 0 to 19,050 19,050 to 77,400 77.400 to 165,000 165,000 to 315,000 315,000 to 400,000 400,000 to 600,000 600,000 and above 10.09% 12.09 22.0% 24.096 32.096 35.096 37.096 Marginal Tax Rate - 24%, Average Tax Rate - 17.66% Marginal Tax Rate - 22%, Average Tax Rate - 17.42% Marginal Tax Rate - 10%, Average Tax Rate = 16.85% Marginal Tax Rate - 12%, Average Tax Rate - 17.32% O Question 17 (1 point) What is the change in net working capital it account receivable increases by $2,000, inventory increases by $1,500 but accounts payable decreases by $500? net working capital decreases by $3,500. net working capital increases by $3,500. net working capital decreases by $4,000. net working capital increases by $4,000. OO Question 18 (1 point) What is the plowback ratio of stock A if EPS is $10 per share and company pays a dividend of $3.50? 30.0% 35.0% 65.0% 45.0%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

Financial Institutions Management A Risk Management Approach

Authors: Anthony Saunders, Marcia Cornett

7th Edition

0073530751, 9780073530758

More Books

Students also viewed these Finance questions

Question

Describe the three parts of developing a new habit.

Answered: 1 week ago