subject
Business, 20.02.2020 22:40 crazylogic5094

Jurisdiction X levies a flat 12 percent tax on individual income in excess of $35, 000 per year. Individuals who earn $35, 000 or less pay no income tax. a. Mr. Hill earned $89, 800 income this year. Compute his income tax and determine his average and marginal tax rate. b. Ms. Lui earned $42, 500 income this year. Compute her income tax and determine her average and marginal tax rate. c. Ms. Archer earned $31, 000 income this year and paid no income tax. Describe her average and marginal tax rate. d. What type of rate structure does Jurisdiction X use for its individual income tax?

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 04:30
What is the second step in communication planning? determine the purpose of the message outline the communication for delivery determine the best channel of communication clarify objectives identify the audience
Answers: 2
question
Business, 22.06.2019 04:50
Allie and sarah decided that they want to purchase renters insurance for the apartment they share. they made a list of all of the items to be covered by the insurance policy, along with their estimated values. if the items to be covered total more than $3000, the insurance company charges an annual premium of 23% of the total value of the items. if the items to be covered total $3000 or less, the insurance company charges an annual premium of 20% of the total value of the items.
Answers: 1
question
Business, 22.06.2019 09:30
Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. question 1 options: true false
Answers: 1
question
Business, 22.06.2019 11:30
Leon and sara are arguing over when the best time is to degrease soup. leon says that it's easiest to degrease soup when it's boiling. sara says it's easiest to degrease soup when it's cold. who is correct? a. neither leon nor sara is correct. b. leon is correct. c. both leon and sara are correct. d. sara is correct. student b   incorrect which following answer correct?
Answers: 1
You know the right answer?
Jurisdiction X levies a flat 12 percent tax on individual income in excess of $35, 000 per year. Ind...
Questions
question
Computers and Technology, 29.07.2019 23:00
question
Mathematics, 29.07.2019 23:00
Questions on the website: 13722367