The marginal tax rate is equal to Question 11 options:the change in the tax payment divided by the change in income.the average tax payment divided by the total tax payment.the percent of total income that goes to taxes.the total tax payment divided by total income.

Q: Explain how a change in tax rates affects the measurement of deferred tax amounts.

A: Deferred Tax Asset Items on a company's balance sheet that may be used to reduce taxable income in…

Q: Compute the tax due assuming

A: Tax due is the amount which has to be paid to the government and the same has been computed on the…

Q: Explain how does the company’s effective tax rate calculated.

A: Effective interest rate:   An effective interest rate is the real return on savings account or any…

Q: What are the two types of income tax return

A: Answer: Income tax return is the return that is filed for purpose to file income tax due to be paid…

Q: Answer in points: Question. Difference between average and marginal tax rates

A: Average rate of tax is the amount of taxes paid on total income on average. For example, a business…

Q: Explain the differences between a tax credit and a tax deduction. Which is better? List three…

A: Tax credit and tax deductions are often considered same but they are not interchangeable even though…

Q: FUTA TAX MUST BE DEPOSITED WHEN THE CUMULATIVE QUARTERLY TAX LIABILITY EXCEEDS?

A: FUTA (Federal unemployment tax) Tax is required to be paid by an employer for the first $7000 wages…

Q: How much interest income is subject to final tax?

A: Answer:   Interest income subject to final tax=   1. Interest Income on loans to online sellers =…

Q: Deferred tax expense or benefit is the net change in DTL and DTA for the period. If the increase in…

A: The deferred tax asset or even the deferred tax liabilities are caused due to the variations in the…

Q: Which of the following tax accounting methods least likely defers payment of taxes?     Spread Out…

A: Spready Out method: Under this method revenue is recognised over a period of time. Lets make an…

Q: Difference between tax deduction and tax credit. Give example of each. Some tax credits are referred…

A: Tax: Governments levy taxes on residents to create revenue for projects that would strengthen the…

Q: flat tax income tax property tax

A: A progressive tax is one in which the average tax burden grows in proportion to income.…

Q: Define each of the following terms: h. Progressive tax; taxable income; marginal and average tax…

A: Step 1:Progressive taxIf the taxable income is more, the tax rate will be more as the taxable amount…

Q: 25. Which of the following is a correct formula to compute for total income tax expense? *   a.…

A: >Current Income tax is the combination of:--Income tax payable, which is the current year tax,…

Q: What is the name of the amount of money that can bededucted directly from the computed tax, instead…

A: Tax or Taxes: Tax is an amount paid by the persons (individuals and business entities) to a…

Q: Of the If taxable income is The tax is this A tax rate schedule is But not Plus given in the table.…

A: US Taxation - The USA has separate federal, local and state governments with taxes imposed at each…

Q: A tax structured so that people with the different incomes pay the same percentage of their income…

A: A tax structured so that people with the different incomes pay the same percentage of their income…

Q: What’s the difference between marginal and average tax rates?

A: The taxes are the government source of income from the general public. The tax rate are the…

Q: How did you get $12,974.50 for the Marginal tax rate part?

A: Marginal tax rate is the percentage tax paid on each additional dollar of income earned. In other…

Q: Define average tax rate

A: The taxes are the government source of income from the general public. The tax rate are the…

Q: Identify the correct formula about Income from continuing operation. Net profit before tax - sales…

A: Income from Continuing operation is the Oprating profit is the profit before tax

Q: It is the net profit for a period before deducting tax expense. * O Gross profit O Accounting profit…

A: Formula: Net profit = Total revenues - Total Expenses

Q: Distinguish between marginal and average tax rates

A: The tax rate at the margin: Through the use of the marginal tax rate, the federal taxation system…

Q: In computing the deferred tax asset or liability, w. tax rate is used? a. Current tax rate b.…

A: Deferred  tax asset or liability  arises  due to temporary differences

Q: What are FUTA and SUTA taxes? Is there any possible reduction in the FUTA tax rate? If so, what is…

A: Introduction: Employer payroll taxes are paid by the employer from its own funds on the basis of…

Q: What are the two objectives of accounting for income taxes O Deferred Tax Assets Deferred Tax…

A: The answer is as fallows

Q: What is the tax base for each of the following taxes? Income Tax GST FBT

A: Taxes are the amount of dues that is being payable to the government on account of income earned,…

Q: 1. In computing the CURRENT tax asset or CURRENT tax liability, which tax rate is used? a. Current…

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: Which one of the following represents the tax payable? a. Tax payable is the balance of the total…

A: Tax is the amount that is to be paid on the income by individuals, firms and entities to the…

Q: The tax rate paid on your last dollar of income is called the average tax rate. a. true b. false

A: Average tax rate is calculated as the total tax liability divided by taxable income, whereas…

Q: Calculate the net income after tax

A: Net profit is also called the profit available to the shareholders or Profit available after meeting…

Q: What is the Net Income After Tax?

A:

Q: In relation to accounting for income taxes, which one of the following statements is correct? a.…

A: Solution: "Tax expense is the sum of current tax expense plus deferred tax expense" this statements…

Q: a. Find the marginal tax rate for the fo corporate earnings before taxes: $1

A: Marginal tax rate = Tax amount/Pre tax income

Q: A tax that requires a higher-income person to pay a higher percentage of his or her income in taxes…

A: Explanation Proportional tax rate is a system in which same tax rate is implied to all the tax…

Q: o tax? Describe each. Thank you in advance

A: Usually, all incomes and value additions are taxed as income tax. Income tax is a direct tax which…

Q: Compare the bases of the Hall-Rabushka flat tax, a broad-based general sales tax, and a…

A: Hall-Rabushka flat tax: This concept was brought by Hall and Rabushka because flat tax would be…

Q: Compute the DIFFERENCE in before tax income between the two options

A: When the asset is purchased with the expectation of returns and appreciation in its price in the…

Q: 25. Which of the following is a correct formula to compute for total income tax expense? a. Current…

A: Income tax actual paid and income tax expenses some time differ because of deferred income tax.…

Q: Define the following concepts: (i) Tax base (ii) Tax bracket (iii) Marginal tax rate

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: What is the difference between tax rates and tax rate structures? How does this notion of…

A: Income tax payable is an obligation for the tax payers to the government on the taxable income.…

Q: Use the information in Table 1-3. If the federal tax system was changed to a proportional tax rate…

A: Taxable Income - It is the amount of income upon which tax liability of an individual is calculated…

Q: Explain what is meant by this statement: “Our tax rates areprogressive.”

A: Tax is the amount levied by the government from the taxpayer on their net taxable income. Net…