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The top player on the Crabs is Hanson Edelmann and they eam $189,500 per season. Assuming this is their entire income answer the following

  


The top player on the Crabs is Hanson Edelmann and they eam $189,500 per season. Assuming this is their entire income answer the following questions using the table above: What is their total income taxes? $ What is their marginal income tax rate (As a Percentage)?% What is their average tax rate, Assume($42500 for Income Tax)?% Answer the following questions regarding conceming Elasticity (3 Points) 1. What is the total revenue if there are 4920 tickets sold at a price of $2775 2. If tickets prices have an Elasticity of Demand of 1.69 and we increase prices by 11%, what is the percent change in quantity? % 3. What would happen to total revenue we Increase prices by 11%? Increase Decrease No Change O Uncertain Bottom of Bracket 50 $45,077 $90,154 157,770 Top of Bracket $45,077 $90,154 $157,770 Rest of Income Rate 16% 21% 23% 30%

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Income Taxes Total income taxes Based on the tax table if 189500 is Hanson Edelmanns entire income and falls under the Rest of Income category then he ... blur-text-image

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