The tax rates for a particular year are shown below: Taxable Income Tax Rate $0 – 50,000 15 % 50,001 – 75,000 25 % 75,001 – 100,000 34 % 100,001 – 335,000 39 % What is the average tax rate for a firm with taxable income of $130,513?

Answers

Answer 1

Answer:

The average tax rate is 26.17%

Explanation:

The computation of the average tax rate having the taxable income is $130,513 is shown below:

$50,000 × 0.15 = $7,500

$25,000 × 0.25 = $6,250

$25,000 × 0.34 = $8,500

$30,513 × 0.39 = $11,900.07

Tax amount is $34,150.07

Now the average tax rate is

= Tax amount ÷ taxable income × 100

= $34,150.07 ÷ $130,513 × 100

= 26.17%

Hence, the average tax rate is 26.17%


Related Questions

Describe the purpose of training as a team

Answers

Answer:

Hmm.

Explanation:

Training as a team can help the teammates understand each other's strengths and weaknesses, and how each teammate can help each other.

(In sports training at lest)

'But training helps reduce a disparity between your teams. Each employee has a baseline knowledge of their individual and their team's goals, putting everyone on the same page. Additionally, employees all receiving the same training means they share responsibility and are aware of their role on the team.'

The transfer of existing mortgages between investors is the:___________

Answers

Answer:

Secondary mortgage market

Explanation:

The secondary mortgage market is a market in which the loan related to the home and the services rights are purchased and sold between the lenders and the investors

here the transfer is to be done with respect to the mortgages that are previously existed between the investors

Therefore in the given case, it is the situation of the secondary mortgage market and hence, the same is to be considered

Which of the following is an example of the ethical issue of gift-giving in the
health care industry?

Answers

Answer:

Patient Privacy and Confidentiality. The protection of private patient information is one of the most important ethical and legal issues in the field of healthcare. ...

Transmission of Diseases. ...

Relationships. ...

End-of-Life Issues

etc.

Answer:

A doctor prescribes medication to patients after the pharmaceutical company present tickets to a basketball game to the doctor.

Explanation:

good luck with your homework <3

help picking brainliest! What is accrued interest?
A.
the interest that has been added to the principal
B.
the borrowed amount
C.
the interest rate that has been agreed upon
D.
the fluctuation in interest rate based on time

Answers

Answer:

A

Explanation:

Answer:

the interest that has been added to the principal

Explanation:

The type of business that provides a product or a service, makes sales to customers, and incurs expenses is ____.
A. a service business
B. a merchandising business
C. a manufacturing business
D. All of these

Answers

It’s D. Hope this helps. Plz Mark As Brainliest

Answer:D

Explanation:

To arrive at an economic decision, a decision-making grid may be used to evaluate

Answers

this is correct productivity

To arrive at an economic decision, a decision-making grid may be used to evaluate Alternative choices of action. Thus the correct option is A.

What are economic decisions?

Economic decisions of the country is based on the economy which is calculated by determining the production and consumption that takes place within a specified period.

This economy reflects the economic resources which are useful in making economic decisions based on savings and investment as well as the distribution of commodities that takes place in a country.

To determine the best decision, alternative options should be evaluated in decision making a grid to make optimum utilization of resources and make an effective decision that helps in achieving growth.

Therefore, option A is appropriate.

Learn more about economic decisions, here:

https://brainly.com/question/13221333

#SPJ6

What kind of strategy is being used when a company puts coupons in front of the product at the grocery store?
customer loyalty
word-of-mouth
pull marketing
push marketing

Answers

Answer:

d

Explanation:

These hotels are cater primarily to ___________ travelers.

Answers

answer

Resort hotels cater primarily to leisure travelers. The rack rate refers to the lowest price a hotel will charge for a room. Usually, the better the hotel's location, the higher the price.

Which activity involved in the distribution function of a business concerns the supply of products from the manufacturer to the retailer?

Answers

Answer:a charge

Explanation:

Answer:

Transportation

Explanation:

Its in my notes that transportation is an important part in the distribution function

Which is the equilibrium for an economic perspective

Answers

In economics, economic equilibrium is a situation in which economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change.

Nonrenewable energy cannot keep up with population growth. True False

Answers

Answer:

True

Explanation:

A transaction is initially recorded in the____journal, and then subsequently posted to the general____.
a. general ; ledger.
b. trial ; balance.
c. general ; journal.

Answers

Answer:

a. general ; ledger.

Explanation:

A transaction is initially recorded in the general journal, and then subsequently posted to the general ledger. In Financial accounting, this process of transferring information about a transaction from the general journal to the general ledger is known as posting.

Additionally, the main purpose of a general ledger is to list all accounts used in recording an organization's transactions and as such it contains a list of transactions affecting each account and the account's balance.

On the other hand, the purpose of a general journal is to record a chronological listing of every transaction for an organization at a given time.

Both Coca Cola and Benetton are global enterprises. Conduct online research and answer the following questions: What characteristics do these two firms display that qualify them as global enterprises?

Answers

Answer: here’s a photo of sample answer

Explanation:

Answer:

Both companies (Coca Cola and Benetton) registered as corporations, and both have a worldwide footprint across a number of countries. Both companies registered under the Companies Act of the respective countries in which they maintain a presence, and both abide by the laws and regulations of each nation.The companies operate on a large scale with huge investments in research and development, machinery, plants, and capital. They have numerous business functions that include marketing, manufacturing, market research, advertising, finance, and many more. They simultaneously work toward their core missions of generating profits, satisfying the needs of their customers, and continuously expanding their presence in current business markets and additional nations. They both raise capital from stock exchange markets.Both firms provide employment opportunities in their host nations and provide good quality products at moderate local rates. They also help in transferring resources such as raw materials and technology from advanced nations to the nations in which they operate.

Explanation:

Select the correct answer.
What effect does inflation have on the prices of goods and services?
OA.
Prices decrease.
OB.
Prices double.
Ос. .
Prices increase.
OD
Prices stay the same.

Answers

Answer:

Prices increase, C

Explanation:

Inflation is when the value of a dollar, or other currency type, drops. This happens most commonly when more money is being printed. The more there is, the less it is worth. This causes prices to increase.

Hope this helps

Answer:

A

Explanation:

if inflation of SUPPLIES then price will decrease.

If inflation of MONEY then yea the price would rise.

What is marketing? Help pls

Answers

the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large

There are four steps in solving one's personal financial challenges:
1. considering opportunity costs
2. assessing risks and returns
3. setting short- and long-term goals
4. assessing needs and wants
Which of these is the correct order of these steps?

a) 2, 3, 1, 4
b) 1, 2, 3, 4
c) 4, 1, 2, 3
d) 3.1, 4, 2

Answers

Explanation:

Answer is C

4123

4. assessing needs and wants

1. considering opportunity costs

2. assessing risks and returns

3. setting short- and long-term goals

When there are many people seeking the same job, this is known as a _____ of workers.
PLS DONT GUSSSS!!!!!!!!!
consumer
demand
projection
surplus

Answers

Answer:

surplus

Explanation: A surplus is a group of people searching for the same job.

Answer:

surplus

Explanation:

If the price of a product is $20, marginal analysis says which of the following
must be true in order for a consumer to purchase the product?

Answers

Answer:

MB exceeds $20

Explanation:

Which of the following circumstances is most likely to reduce one's standard of living?
1. An increase in the cost of some goods such as escalating gasoline prices.
2. A decrease in the cost of some goods such as a decrease in housing prices.
3. Stable prices and an increase in employee wages.
4. Losing your job, but gaining a sizeable inheritance.

Answers

Answer:

1. An increase in the cost of some goods such as escalating gasoline prices.

Explanation:

The standard of living refer to a comfort level, the goods, and the material, necessities and wants that are available to a person

In case when there is a decline in standard of living so it is due to the increased in price as it reduced the purchasing power of the consumer

If the price of the goods increased, then the quantity demanded decreased as per the law of demand

Therefore in the given case, the option A is correct

Look at the following string example:
word1 = "Cold"
What index position is the letter "C"? (5 points) Group of answer choices
0
1
2
3

Answers

Answer:

in the word cold , the index no of 'c' is 0

Caveat emptor as a legal principle continues to be recognized because _____. Sellers don’t want to be bothered with quality. The courts place some level of responsibility on consumers to make certain they know what they are buying and its general quality; otherwise, courts would be forever resolving small disputes. Common law is less expensive to enforce than more contemporary laws. Caveat emptor is no longer a recognized legal principle.

Answers

Answer:

The courts place some level of responsibility on consumers to make certain they know what they are buying and its general quality; otherwise, courts would be forever resolving small disputes.

Explanation:

This principle is based on the understanding that buyers have an opportunity to inspect the item, to have it inspected by a qualified professional, and to research its history before making a decision to buy. If the buyer, whether he takes advantage of this opportunity or not, chooses to buy the item, he cannot blame the seller for any deficiencies he may later discover.

your thoughts on copy right laws. What does it protect, who does it protect and what could happen if a copy right law is broken?

Answers

Answer:

I am not really sure but I believe copyright protects an idea that somebody created on their own. I don't believe it's a person though. Like for example in movies they issue a copyright so that other people couldn't. make that movie just by a little different in the story. Or songs so that people don't take the lyrics or the beat. The punishment is just paying a fine but it could be a big amount (how ever the court sees fit)

Sam is responsible for overseeing all new high school construction and Jordan is responsible for all middle school construction within their county. According to the PMBOK, they would be considered:

Answers

Answer:

project managers

Explanation:

We need to take note of the word "responsible" and "overseeing" which is often applied to project managers. A project manager is one responsible or who oversees the initiating, planning, execution, controlling, and directing of a team towards achieving a project.

PMBOK which stands for Project Management Body of Knowledge would categorize Sam and Jordan as project managers.

Items of value owned by a business are known as which of the following?

Answers

Answer:

Explanation:

Assets

Please help me‍♀️‍♀️

Answers

Answer:

a specific purpose

Explanation:

this is because ;for example you are asking this question with a purpose (to get the answer)

What is form utility?

...help

Answers

Answer:

Utilities mean useful features, or something useful to the home such as electricity, gas, water, cable and telephone. Examples of utilities are brakes, gas caps and a steering wheel in a car. Examples of utilities are electricity and water.

hope this helped you

please mark as the brainliest (ㆁωㆁ)

Answer:

Form utility refers to how well a product or service meets the customer's needs.

It is important to emphasize benefits in a sales presentation to a prospective buyer because benefits:_______.
a) focus on the psychological reasons of a purchase.
b) fulfill the buyer's needs and motives.
c) fulfill the buyer's economic wants.
d) focus on rational reasons of a purchase.
e) focus on emotional reasons for a purchase.

Answers

Answer:

b) fulfill the buyer's needs and motives.

Explanation:

When the company gives the presentation based on the sales so it should be benefit for the buyer as the company fulfill buyer needs and motives and gains the maximum satisfaction while delivering the goods and services to the consumer

Therefore in the given case, the option B is correct as the company meets the customer needs, wants and motives

Hence, all the other options are wrong

name two methods used to measure inequality of income in a country​

Answers

The most commonly used inequality measure are the Gini coefficient ( based on Lorenz curve ) and the percentile or share ratios. This measures try to capture overall dispersion of income; how were they tend to people different leavles of importantance on the bottom middle and top end of distribution .

I hope it is helpful for you .

You can use the Lorenz curve and the Theil index

Any examples of product for product proposal

Answers

Answer:

D'Harari belt i-FALAH production NURUL AQILAH FATIN SYARMIMI NUR AINAThe easy way to get fit.D'Harari belt i-FALAH production NURUL AQILAH FATIN SYARMIMI NUR AINAThe easy way to get fit.1.0 THE VISION • Our product will work with electric as a source to help women in getting slimmest body with good posture.

What type of insurance would cover a cover a customer injury caused by a product design defect?

Answers

Product liability insurance

Answer:product liability

Explanation:

Apex

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