This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Tax Base and Tax StructureThe table shows income tax brackets for the country of Ficta.Income Tax ... (Read 718 times)

effaey

  • Full Member
  • ***
  • Posts: 153
on: Nov 23, 2022
Tax Base and Tax Structure

The table shows income tax brackets for the country of Ficta.
Income Tax BracketsTax Rate
$0-$10,0007%
$10,001-$40,00012%
$40,001-$85,00020%
$85,001-$160,00028%
$160,001-$205,00036%
$205,001-$510,00039%
Over $510,00045%
Assume that all residents of Ficta have no exemptions or deductions from their incomes.
Suppose Lucia makes $90,000 a year, how much is her tax payment? Suppose Benicio makes $45,000 a year, how much is his tax payment?
Please round your final answer to two decimal places.
◦ $34,300.00, $13,300.00
◦ $47,700.00, $5,500.80
◦ $25,200.00, $9,000.00
◦ $14,700.00, $5,300.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by effaey on Nov 23, 2022

kyledifference

  • Full Member
  • ***
  • Posts: 177
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


effaey

  • Member
  • Posts: 153
Reply 2 on: Nov 23, 2022
Gracias!

amynguyen1221

  • Member
  • Posts: 355
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

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.

Amino acids in general acid-base catalysis Amino acids in general acid-base catalysis
The digital image of a fetus shows a well-developed head and a comparatively smaller body. At 7 ... The digital image of a fetus shows a well-developed head and a comparatively smaller body. At 7 ...
This photo shows a newborn baby minutes after birth. This photo shows a newborn baby minutes after birth.
Umberto Boccioni, Table + Bottle + House. Umberto Boccioni, Table + Bottle + House.
David P. Bradley (White Earth Oijbwe, and Mdewakaton Dakota), Indian Country Today. David P. Bradley (White Earth Oijbwe, and Mdewakaton Dakota), Indian Country Today.
graphic(04-40.jpg) Mary pushes horizontally on a large, heavy table which is s graphic(04-40.jpg) Mary pushes horizontally on a large, heavy table which is s
Video: Cortisol (protein catabolism, gluconeogenesis, vasoconstriction & anti-inflammation)

For a complete list of videos, visit our video library