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describe the debt market list the charectesticsof debt
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- You decide to work part-time at a local clothing store. The job pays $8.50 per hour and you work 16 hours per week. Your employer withholds 10% of your gross pay for federal taxes, 5.65% for FICA taxes, and 4% for state taxes. SUB PARTS TO BE SOLVED. How much is withheld per week for state taxes? What is your weekly net pay? What percentage of your gross pay is withheld for taxes? Round to the nearest tenth of a percent.Please no written by hand Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions below. Give all answers to two decimals. 1st attempt See Hint If you have a taxable income of $323,420.00, what is yourtop marginal tax rate? % total tax bill? $ average tax rate? %The current debt stock for Kenya is estimated to range above Kshs. 9.4 trillion. Required: a) Discuss the repercussion of this debt to the economy b) Would you advocate for domestic borrowing or foreign sources of loan? Discuss this comprehensively
- Marc Batchelor, a self-employed sales consultant, has estimated annual earnings of $307,000 this year. His social security tax rate is 12.4% up to the wage base, Medicare is 2.9%, and his federal income tax rate is 24%. How much estimated tax (in $) must Marc send to the IRS each quarter? $ ______Members of society lost jobs when COVID started. Businesses were closed, Goods and Services became scares and prices started surging. Local businesses were forced closed. local business owners were left with money problems, especially the people who lost jobs counldnt afford essential goods and Services. what fiscal policies were in place or passed to help meet these problems? -What was done for the businesses forced to close Or what was done to help families afford goods/services?For tax year 2018 a married couple filing jointly has a taxable income of $120,000. How much do they owe in taxes? (do not include the $ in your answer)
- compared to federal spending state and local spending is A) almost twice as large B) about the same C)Half as large D) one quarter as largeAndi Ltd manufactures hair products, which are standard-rated for VAT. The products are sold to Bart Ltd, a wholesaler. Charlotte purchases these goods to use in her hairdressing business, which is not registered for VAT. Who will suffer the VAT cost of the hair products? A Andi Ltd B Bart Ltd C Charlotte D HMRCPlease no written by hand solutions Cody Sebastian, of Lubbock, Texas, earns $56,000 a year. He pays 18 percent of his gross income in federal, state, and local taxes. He has fixed expenses in addition to taxes of $2,000 per month and variable expenses that average $1,400 per month. What is his net cash flow (surplus or deficit) for the year? Enter negative values with minus sign. Round your answer to the nearest dollar. $ Cash surplus or deficit.
