« previous next »

Author Question: If your income is 92,000 and you pay taxes of 19,475, what is your average tax rate? Show your work. ... (Read 66 times)

rlane42

  • Hero Member
  • *****
  • Posts: 594
on: Jun 29, 2018
If your income is 92,000 and you pay taxes of 19,475, what is your average tax rate? Show your work.
 
  What will be an ideal response?

Question 2

Which of the following will raise consumer expenditures?
 
  A) an increase in interest rates B) an increase in the price level
  C) a general decline in housing prices D) an increase in expected future income


jessicaduplan

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 29, 2018
Answer to Question 1

Average tax rate = 19,475/92,000 = 0.21168 or 21.168 percent.

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Feedforward control of breathing rate in an animal trained for athletic exercise. Feedforward control of breathing rate in an animal trained for athletic exercise.
Posterior views of H. erectus, Neandertal, and modern H. sapiens show differences in vault shape. Posterior views of H. erectus, Neandertal, and modern H. sapiens show differences in vault shape.
Rank-order correlations show that differential consistency remains high from childhood through late ... Rank-order correlations show that differential consistency remains high from childhood through late ...
The rate of global emissions is rising rapidly, especially in India and China The rate of global emissions is rising rapidly, especially in India and China
Solow Model with Saving Dependent on Income Level Solow Model with Saving Dependent on Income Level
The average percentages by polygraph exams The average percentages by polygraph exams
Video: Pressure volume relationships - Normal inspiration and expiration

For a complete list of videos, visit our video library