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

Author Question: Jan has an income of 30,000 and pays 4,500 in taxes. When Jan's income rises to 40,000 . her tax ... (Read 116 times)

mynx

  • Hero Member
  • *****
  • Posts: 555
on: Jun 30, 2018
Jan has an income of 30,000 and pays 4,500 in taxes. When Jan's income rises to 40,000 . her tax bill rises to 6,500 . What is Jan's marginal tax rate?
 a. 5 percent.
  b. 15 percent.
  c. 16.25 percent.
  d. 20 percent.

Question 2

Juanita, a lawyer, can type faster than Jill, her secretary. Jill, on the other hand, does not have the ability or skills to practice law. Applying the principles of international trade to this situation, an economic consultant advises Juanita to:
 a. fire Jill, practice law during the day, and do her own typing at night.
  b. practice law and leave all the typing to the secretary.
  c. divide her time equally between typing and practicing law.
  d. quit practicing law and take a job as a secretary.
  e. have Jill attend law school.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


mynx

  • Hero Member
  • *****
  • Posts: 555
Reply #2 on: Jun 30, 2018
Thank you :)


Ksh22

  • Sr. Member
  • ****
  • Posts: 297
Reply #3 on: Jun 30, 2018
Happy to help you


« previous next »
 

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Colchicine is a highly poisonous alkaloid originally extracted from a type of saffron plant that is used mainly to treat gout.

Did you know?

Persons who overdose with cardiac glycosides have a better chance of overall survival if they can survive the first 24 hours after the overdose.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
Sources of income for U.S. population aged 65 and over. Sources of income for U.S. population aged 65 and over.
Race-Ethnicity and Income Extremes Race-Ethnicity and Income Extremes
Regional Variation in Income and Access to the Sea Regional Variation in Income and Access to the Sea
Saving Rates by Income Quintile, 2003 Saving Rates by Income Quintile, 2003
Relationship between Income Inequality and the Desired Tax Rate Relationship between Income Inequality and the Desired Tax Rate
Video: Eczema

For a complete list of videos, visit our video library