« previous next »

Author Question: If your income is 40,000 and you pay taxes of 4,650, what is your average tax rate? Show your work. ... (Read 100 times)

fnuegbu

  • Hero Member
  • *****
  • Posts: 539
on: Jun 29, 2018
If your income is 40,000 and you pay taxes of 4,650, what is your average tax rate? Show your work.
 
  What will be an ideal response?

Question 2

What is potential GDP?
 
  A) It is the level of real GDP in the short run.
  B) It is the difference between current GDP and maximum GDP.
  C) It is the level of GDP at which inflation is constant.
  D) It is the level of real GDP in the long run.


Awesome

  • Sr. Member
  • ****
  • Posts: 280
Reply #1 on: Jun 29, 2018
Answer to Question 1

Average tax rate = 4,650/40,000 = 0.11625 or 11.625 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?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Which do you think is most at work in a debate contest, mastery- or performance-goal orientations or ... Which do you think is most at work in a debate contest, mastery- or performance-goal orientations or ...
Food webs show feeding relationships and energy flow Food webs show feeding relationships and energy flow
Effect of an Exogenous Shift in Income Effect of an Exogenous Shift in Income
Solow Model with Saving Dependent on Income Level Solow Model with Saving Dependent on Income Level
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ... Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...
Rate order question Rate order question
Video: Leukemia

For a complete list of videos, visit our video library