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- If Taxable Income Is Between: 0-$9,225 $9,226-$37,450 $37,451 - $90,750 $90,751 - $189,300 $189,301-$411,500 $411,501-$413,200 $413,201 + The Tax Due Is: 10% of taxable income $922.50 +15% of the amount over $9,225 $5,156.25 + 25% of the amount over $37,450 $18,481.25 +28% of the amount over $90,750 $46,075.25 +33% of the amount over $189,300 $119,401.25 + 35% of the amount over $411,500 $119,996.25 +39.6% of the amount over $413,200 A. An individual makes $235,000 in a year. What is their marginal tax rate?If disposable income increases from $100 to $200 and consumption increases from $100 to $190 then the tax multiplier = .... (a) 10 (b) 1 (c) -1/9 (d) -9If you earn $130,0000, what is the marginal tax rate? Taxable income ($) $0-$50,000 Tax (%) 7% 5.84% 6% 05% 5% $50,001-$100,000 $100,001-$200,000 6% 7%
- The management believes that every 6% increase in the selling price of one of the company’s products leads to 12% decrease in the product’s total unit sales. Tax rate is 25%. The product’s price elasticity of demand is closest to: a. -0.13 b. -0.83 c. -1.64 d. -1.75 e. -2.19 f. -2.74Personal income tax rates in South Africa, 2015/16 Taxable income Tax Payable Rand 0-181 900 181 901-284 100 284 101-393 200 393201-550 100 550 101-701 300 701 301 and above 18% of each R1 +26% of the amount above R181 900 +31% of the amount above R284 100 +36% of the amount above R393 200 +39% of the amount above R550 100 + 41% of the amount above R701 300 R 32 742 R 59 314 R 93 135 R 149 619 R 208 587 Use the table above to: Calculate income tax of an individual if income is R170 000 Calculate income tax of an individual if income is R350 000based on the attached equation find:(a) Equilbrium price before the tax(b) Equilbrium quanity before tax
- There is a 20% tax on the first $15,000 of income, a 30% tax on income above $15,000 until $30,000, and a 40% tax on all income above $30,000. What is the marginal tax rate for someone making $45,000? Group of answer choices 40% 14.29% 30% 20%Calculate the average and marginal tax rates in the following table. (Hint: Enter your answers as decimals and do not round when computing tax rates. For example, 8.25% should be entered as "8.25" and not "0.825.") Total Taxable Income (Dollars) 0 2,000 10,000 20,000 100,000 Total Tax Due (Dollars) 0 True 130 650 The tax rates shown in this table are False 1,300 6,500 Average Tax Rate (Percentage) 0 True or False: If the marginal tax rate is equal to the average tax rate, then the average tax rate must remain the same. Marginal Tax Rate (Percentage) 0Fill in the blanks. Taxable Income Over But not over- Tax Rate $0 $10,000 10% $10,000 $50,000 $100,000 $50,000 $100,000 20% 40% 60% Refer to the above table. If an individual's taxable income is $60,000, their marginal tax rate is 50 x %, their income tax as a percentage of income is 40 x % (round up to whole number), and the income tax they have to pay is $ 24.000 x
- Taxable Income Total Tax $1000 $500 $2000 $600 $3000 $700 $4000 $800 $5000 $900 $6000 $1000 Refer to the income tax schedule given in the table. If your taxable income increases from $4,000 to $5,000, you will encounter a marginal tax rate of А. 30% В. 10% C. 18%For the following calculations the tax threshold is $1,500,000 and the taxable income is taxed at 25%. Statutory deductions total 7.5% of the gross salary or wages.You work as a production manager at a food processing plant and earn a gross monthly salary of $345,000. i). Calculate your net monthly salary. ii). In addition to your salary you receive a $300, 000 Christmas bonus. Your friend Marie, the marketing manager with a salary close to yours, receives the same bonus. Do the work necessary to show that the net bonuses are $202,500. iii). You use all of your net bonus to buy a motorcycle which depreciates at 11% p.a. at the end of each year. Calculate the value of your motorcycle at the end of 3 years. iv). Marie invests her net bonus in a tax free retirement fund which pays 5.5% p.a. interest compounded monthly. Calculate the value of Marie’s investment at the end of 3 years.A company produces circuit boards used to update old-fashioned computer equipment. The taxes cost the company $15,000 per month. Each circuit board is made from $6 worth of material per circuit board. The selling price per unit is p = $150 -0.02D per circuit board. يزن منذ د131 a. What is the profit per month? b. What is the maximum profit? c. At what volumes do breakeven occur? What is the company's range of profitable demand? DI
