Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions below. Give all answers to two decimals. If you have a taxable income of $289,980.00, what is your top marginal tax rate? % total tax bill? $ average tax rate? %
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Use the 2019 U.S. federal tax rates in the table to calculate answers to the questions below. Give all answers to two decimals.
If you have a taxable income of $289,980.00, what is your
top marginal tax rate? %
total tax bill? $
average tax rate? %
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- Calculating Taxable Income Taxable income $0-$9,525 $9,526 $38,700 $38,701 $82,500 $82,501 $157,500 24.0% $157,501 $200,000 32.0% $200,001 $500,000 35.0% $500,001 or more 37% - Rate 10.0% 12.0% 22.0% Lucia's Tax Scenario Using the previous tax table, compute the tax liability for the individual in the scenario presented, rounding the liability to the nearest dollar. In addition, use the dropdown lists to identify the marginal tax rate and average tax rate for the individual in the scenario. Lucia is a professional with taxable income of $74,200. What is Lucia's total tax liability? S What is Lucia's top marginal tax rate? STEP: 2 of 2 What is Lucia's average tax rate? (Note: Round your answer to the nearest cent, if necessary.)Calculating Taxable Income Taxable income Rate $0 — $9,525 10.0% $9,526 — $38,700 12.0% $38,701 — $82,500 22.0% $82,501 — $157,500 24.0% $157,501 — $200,000 32.0% $200,001 — $500,000 35.0% $500,001 or more 37% Using the previous tax table, compute the tax liability for the individual in the scenario presented, rounding the liability to the nearest dollar. In addition, use the dropdown lists to identify the marginal tax rate and average tax rate for the individual in the scenario. Shen’s Tax Scenario Shen is a young professional with taxable income of $116,500 as an advertising account executive. What is Shen’s total tax liability? (Note: Round your answer to the nearest cent, if necessary.) What is Shen’s top marginal tax rate? What is Shen's average tax rate?Taxable income Rate $0 — $9,525 10.0% $9,526 — $38,700 12.0% $38,701 — $82,500 22.0% $82,501 — $157,500 24.0% $157,501 — $200,000 32.0% $200,001 — $500,000 35.0% $500,001 or more 37% Using the previous tax table, compute the tax liability for the individual in the scenario presented, rounding the liability to the nearest dollar. In addition, use the dropdown lists to identify the marginal tax rate and average tax rate for the individual in the scenario. Poornima’s Tax Scenario Poornima is a professional with taxable income of $81,700. What is Poornima’s total tax liability? (Note: Round your answer to the nearest cent, if necessary.) What is Poornima’s top marginal tax rate? What is Poornima's average tax rate?
- Simple Accounting - Property Tax. Market Value Tax Policy Rate Property Tax $1,370,980.00 50.75% 4.39571 a. $3,058,413.48 O b. $29,680.17 O c. $30,584.13 d. $60,264.30(Corporate income tax) Sales for J. P. Hulett Inc. during the past year amounted to $4.0 million. Gross profits totaled $1.00 million, and operating and depreciation expenses were $500,000 and $350,000, respectively. Dividend income for the year was $12,000, which was paid by a firm in Comcute the corporation's tax which Hulett owns 85 percent of the shares. Use the corporate tax rates shown in the popup window, liability. What are the firm's average and marginal tax rates? The firm's tax liability for the year is $ (Round to the nearest dollar.)taxable income : 1225000 income taxes payable: 245000
- Effective income tax rate After-tax MARR EOY BTCF 0$ (95,000.00) - 1$ 37,000.00 $ 2 $ 3 $ 4 $ Depreciation Taxable Income Income Taxes ATCF 37,000.00 $ 37,000.00 $ 50% 12% 23,750.00 $ 23,750.00 $ 37,000.00 $ 23,750.00 $ $ (95,000.00) 23,750.00 $ 13,250.00 -$6,625.00 $ 30,375.00 13,250.00 -$6,625.00 $ 30,375.00 13,250.00 -$6,625.00 $ 30,375.00 13,250.00 -$6,625.00 $ 30,375.00 For the given table, find the EVA in year 3 (please round the result to integer, e.g., if the result is $ 5,732.07, fill in 5732); Should this project be invested based on the annual/present/future equivalent EVA (fill in "1" if the answer is "yes", otherwise fill in "0")?$ O- Taxable Income 50,000 50,001- 75,001- Y 100,001- 75,000 100,000 335,000 335,001- 10,000,000 Tax Rate 15% 25 34 39 34 Bait and Tackle has taxable income of $411,562. How much do a. $128,603.33 b. $134,611.27 c. $138,542.79 d. $139,931.08 e. $141,35674.82 tin1. Use the following information to answer the following questions: Taxable income Tax rate $ 0 – $ 50,000 15% $ 50,001 – $ 75,000 25% $ 75,001 – $100,000 34% $ 100,001 – $335,000 39% $ 335,001 – $10.000 million 34% $10,000,001 – $15.000 million 35% $15,000,001 – $18.333 million 38% $18,333,334 and above 35% A. If a firm has taxable income of $16.2 million, its marginal tax rate is . B. If a firm has taxable income of $16.2 million, its average tax rate is _____.
- 2023 TAXABLE INCOME FIRST $53,359 OVER $53,359 TO $106,717 OVER $106,717 TO $165,430 OVER $ $165,430 TO $237,675 OVER $235,675 ernment Budget Fiscal Policy FILL IN THE BLANK UNIT TAX RATE 15.00% 20.50% 26.00% 29.32% 33.00% D) The average tax rate for someone making $120,000. type your text here Based on the Canadian Federal Income Tax Brackets for 2023 shown above, calculate and input the numeric answers to the questions below. Round off your answers to the nearest dollar. Do not use $, decimals or comma. For example, instead of $23,486.52, write 23487. For answers requiring a tax rate, enter only the numeric value with two decimal places, with "%" symbol. For example, 20.50%).Single-Schedule X If taxable income is: Over- $ 0 income is: Over- $ 0 22,000 89,450 190,750 364,200 462,500 693,750 But not over- $ 11,000 44,725 95,375 182,100 231,250 578,125 10% 11,000 $ 1,100.00 +12% 44,725 5,147.00 +22% 95,375 16,290.00+ 24% 182,100 37,104.00+ 32% 231,250 52,832.00+ 35% 578,125 174,238.25 + 37% ********* Married filing jointly or Qualifying widow(er)- Schedule Y-1 If taxable But not over- The tax is: ****** The tax is: $ 22,000 89,450 $ 2,200.00+ 12% 190,750 10,294.00+ 22% 364,200 32,580.00 24% 462,500 74,208.00+ 32% 693,750 105,664.00+ 35% 186,601.50+ 37% 2023 Tax Rate Schedules ........10% of the amount over- $ 5 of the amount over- 0 11,000 44,725 95,375 182,100 231,250 578,125 0 22,000 89,450 190,750 364,200 462,500 693,750 Head of household-Schedule Z If taxable income is: Over- $ 0 15,700 59,850 95,350 182,100 231,250 If taxable income is: Over- $ But not over- 0 11,000 44,725 95,375 182,100 231,250 346.875 $ 15,700 59,850 95,350 182,100 231,250 578,100.…(Corporate income tax) Last year Sanderson, had The cost came to 52 5 expenses were Km paid $151,000 in interest on its bank loans Also, the corporation received $54,000 in dividend income from a company in which it owned less than 20 percent of its shares) but paid $22,000 in the form of dividends to its own common stockholders Use the corporate tax rates shown in the popup window to calculate the corporation's tax liability What are the fem's average and marginal taxes? The firm's tax liability for the year is (Round to the nearest dollar)