This Economic question Solve on white paper now onlys Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions below. Give all answers to two decimals.Taxable IncomeTax rate$0-$9,70010%$9,701-$39,47512$39,476-$84,20022$84,201-160,72524$160,726-$204,10o32$204,101-$510,30035Over $510,300371st attemptIf you have a taxable income of $346,830.00, what is yourtop marginal tax rate?%.total tax bill? $average tax rate?

Total marginal tax: Since the taxable income is $346,830 is lies between the taxable incomes of…

Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions below. Give all answers tổ two decimals. Taxable Income Tax rate SO-59,700 10% $9,701-$39,475 12 $39,476-$84,200 22 $84,201-160,725 24 $160,726-$204,100 32 $204,101-$510,300 35 Over $510,300 37 1st attempt If you have a taxable income of $346,830.00, what is your top marginal tax rate? total tax bill? s average tax rate?

Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions below. Give all answers tổ two decimals. Taxable Income Tax rate SO-59,700 10% $9,701-$39,475 12 $39,476-$84,200 22 $84,201-160,725 24 $160,726-$204,100 32 $204,101-$510,300 35 Over $510,300 37 1st attempt If you have a taxable income of $346,830.00, what is your top marginal tax rate? total tax bill? s average tax rate?

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter11: Fiscal Policy And The Federal Budget

Section: Chapter Questions

Problem 4WNG

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Assume that Turkey has s a tax rate of 15% on the first 15,000 TRY of taxable income, then 25% on the next 20,000 TRY, then 35% on the next 30,000 TRY, and a tax rate of 40% for all taxable income above 65,000 TRY. Suppose that Turkey provides a 4,000 TRY exemption per child.Hasan has 2 children, and he earns 82,000 TRY in a year.a) Calculate total tax payments of Hasan.b) Calculate average tax rate for Hasan.
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In the year 2021, a corporation made $18.2 Million in revenue, $2.4 Million of operating expenses, and depreciation expenses of $6.2 Million. The state income tax rate is 9% and the federal income tax rate is 21%. How much (a) state income tax, and (b) federal income tax will this corporation pay in this tax year? Assume that the state income tax is a tax-deductable expence when filing federal income tax. The approximate state income tax is $ Million (Round to three decimal places.) The approximate federal tax is $ Million. (Round to three decimal places.) The combined effective income tax rate is enter your response here %. (Round to the nearest decimal.) The ATCF for the year 2021 is $ Million . (Round to three decimal places.)
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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? %