Marginal tax rate in KS for single filter is T(I)= 3.1% $0 ≤ I ≤ 15,000 5.25% $15,000 ≤ I ≤ 30,000 5.7% I > 30,000 The standard deduction is $3,000 How much would someone who earns $13,000 a owe in state taxes?
Q: Explain why the after-tax cashflow is the cash inflow in this project.
A: There are two types of Cash Flow Cash inflow Cash outflow Cash Inflow refers to the cash received…
Q: The two largest sources of tax revenue for theU.S. federal government area. personal and corporate…
A: ANS According to the data available US federal govt. collects about 50% of its tax revenue from…
Q: Tax is a type of revenue receipts True/False
A: The receipt which donot reduce any type of assets nor it creates liability for the government.
Q: •The demand function for a product is represented by the equation Qd = 20 - 2P and its supply…
A: We are given : Demand: Qd = 20 - 2Pd Supply: Qs = Ps- 4 Remark : Pd : Price which the consumer…
Q: According to IRS Publication 17, if you are single and have a taxable income of $70,021, how much…
A: A tax could be a government-imposed fee or monetary charge on a private or an organisation to boost…
Q: An ice plant in Pampanga is delivering ice blocks in a small retail shop in Pangasinan. The selling…
A: We are going to solve this question by finding break even units of stocks to be sold.
Q: 7. The demand and supply functions for product x are given, respectively, by the equations: P = 83.6…
A: Answer 7. According to the question, it is given that : Demand Function : P = 83.6 - 0.037 Q…
Q: What is the tax liability share for consu
A: Tax liability of consumer is depend on the demand curve elasticity if it is elastic then less burden…
Q: Because of the sales tax in a particular region, a customer in a supermarket must pay $1.46 for a…
A: Answer: Effective tax rate is the average tax rate that is paid by a corporation or an individual.
Q: QD = 240 - 5P QS = p where QD is the quantity demand, QS is the quantity supplied and P is the…
A: Equilibrium is achieved in the market where quantity demanded by consumers equals quantity supplied…
Q: The demand and supply functions for a type of good are shown by the equation: Qd = 1500-10P and Qs =…
A: Note:- Since we can only answer upto three subparts, we'll answer the first three. Please repost the…
Q: Refer to Table A. If Randy has $80,000 in income, his average tax rate is (assume a standard…
A: As per given details:- If Randy has $ 80,000 income then tax will be like Taxable Income = 80000 -…
Q: 9. The demand and supply functions for product x are given, respectively, by the equations: P-83.6-…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: QD = 240 - 5P QS = P where QD is the quantity demanded, QS is the quantity supplied and P is the…
A: Answer: Given: QD=240-5PQS=PWhere QD is quantity demanded and QS is quantity supplied. P is price.…
Q: If value of output is $300 million, net value added at factor cost is $160 million, depreciation is…
A: The information being given to us is:- value of output is $300 million value added at factor cost is…
Q: In this problem, p is the price per unit in dollars and q is the number of units. If the demand and…
A: The equation of demand curve shows the inverse relationship between price and quantity demanded. On…
Q: Answer Questions 7-9 based on the information below. Use the space provided to write-in your answer.…
A: Tax revenue is the income for the government. The firms would be operating their subsidiaries in…
Q: In 2019, a single individual with three children can receive the earned income tax credit (EITC),…
A: Since, you have asked multiple question, we'll solve first question 'a' part for you. If you want…
Q: Suppose that initially a seller's "bottom line" asking price for a particular car is equal to…
A: Bottom line price is the price which is lowest the seller can charge its customer without incurring…
Q: Advise ABC Pty Ltd and Liberty Pty Ltd on the tax implications of the following arrangement. a. ABC…
A: Party Involved : 1. ABC Pty ltd (Owner of Property) 2. Liberty Pty ltd (Use of Property)
Q: Qd = 240 - 5p Qs = P Where Qd is the quantity demanded, Qs is the quantity supplied and P is the…
A:
Q: Second Welfare Theorem holds when taxes are in the form of 0 per unit tax (i) ad valorem tax…
A: Free markets lead to income inequality, that is, the distribution of income is not equal for…
Q: QD = 240 - 5P QS = P where QD is the quantity demanded, QS is the quantity supplied and P is the…
A: Answer: Given: Quantity demanded and quantity supplied functions: QD=240-5PQS=P Calculation:…
Q: QD = 240 – 5P QS = P where QD is the quantity demanded, QS is the quantity supplied and P is the…
A: At the price level where quantity demanded by consumer matches quantity supplied by producer at that…
Q: 4. The demand and supply functions for product x are given, respectively, by the equations: P = 83.6…
A: Note:- Since we can only answer up to three subparts, we'll answer the first three. Please repost…
Q: All of the following are characteristics of a valueadded tax system, except: (a) Value-added taxes…
A: The Tax is a unilateral payment made by the people towards the government on various grounds such as…
Q: Its is known that the demand function for a product is P = 24 - 1/2Q and the supply function Q = 4 +…
A: Equilibrium occurs at the point where the demand and supply is equal. For including the tax, it is…
Q: f Qd = 25 - 1.25P and Qs = -50 + 5P and a per unit tax is imposed on suppliers, the burden of the…
A: In economics, economic equilibrium is a situation in which economic forces such as supply and demand…
Q: A mobile phone company has plans to start a new line of smartphones. It will require large…
A: Operating losses = $36 million Pre tax income = $73 million Marginal tax rate = 28%
Q: Suppose that two firms, X and Y, face the following abatement costs: МАСх3D 1.2Aҳ, TACX = 0.6AX2…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The Penn Central Railroad has not paid local taxes since 1969, under federal bankruptcy court…
A: A liability is something an individual or organization owes, generally an amount of cash.…
Q: Qd = 240 - 5p Qs = P Where Qd is the quantity demanded, Qs is the quantity supplied and P is the…
A: Consumer surplus is the difference between the price a consumer is willing to pay and the actual…
Q: For the following calculations the tax threshold is $1,500,000 and the taxable income is taxed at…
A: Income tax is a type of direct tax levied by a government on the earnings of its citizens.…
Q: The correctly calculated taxes due on a corporate taxable income of $13,000,000 are closest to which…
A: Calculated tax due on a corporate taxable income of $13,000,000 are closest to which of the…
Q: deposit of P 110,000 was made for 31 days. The net interest after deducting 20% withholding tax is…
A: A) Given P = 110,000 Tax was 20% Time = 31 days Required rate of interest annually. => Total…
Q: While studying for engineering economy mid-term exam, you and two friends find yourselves craving a…
A: Since you have posted a question with multiple sub-parts, we will solve the first 3 sub-parts for…
Q: A progressive tax is correctly defined as one in which (considering the general taxpayer population…
A: Progressive tax is a tax in which lower tax is imposed on people with low income and as the income…
Q: Qs = 0.5P Qd = 45 - 0.25p Suppose a per-unit tax is imposed that reduces the quantity of this…
A: Tax can be imposed on sellers or buyers but effect on quantity will remain the same. Suppose tax is…
Q: Match the most typical tax implication with the most appropriate life stage. Retirement Older…
A: When tally about tax implications, it can be seen that government charges different tax rates to the…
Q: Given the following marginal tax rates and income brackets, calculate the effective tax rate for an…
A: The effective tax rate is the per cent of the income that an individual or an enterprise settles in…
Q: Corporate tax is included while calculating profit True/False
A: The reward which an entrepreneur receives for the contribution which has put in the production of…
Q: Which of the following statements is false for a person wanting to use and file a Form 1040EZ tax…
A: The IRS Form 1040-EZ was the simplest and shortest of the 1040 forms. Except for the Earned Income…
Q: While studying for the engineering economy final exam, you and two friends find yourselves craving a…
A: Engineering economics deals with the analysis and evaluation of engineering problems on the basis of…
Q: How much is the combined incremental tax rate (state and federal) for a company located in the state…
A: Introduction: The effective charge per unit generally refers solely to federal financial gain taxes…
Q: Wilson filed his individual tax return on the original due date, but failed to pay $700 in taxes…
A: If a tax payer take more than 60 days after the due date of tax payment, he or she wants to pay a…
Q: TRUE OR FALSE? Any internal revenue tax, which has been assessed within the prescribed limitation…
A: The internal revenue tax refers to the total amount of tax generated by the government through…
Marginal tax rate in KS for single filter is
T(I)= 3.1% $0 ≤ I ≤ 15,000
5.25% $15,000 ≤ I ≤ 30,000
5.7% I > 30,000
The standard deduction is $3,000
How much would someone who earns $13,000 a owe in state taxes?
We are going to calculate taxes in dollars to answer this question.
Step by step
Solved in 2 steps
- Qs = 0.5P Qd = 45 - 0.25p Suppose a per-unit tax is imposed that reduces the quantity of this whiskey bought and sold in the market to 25 bottles. What is the size of the tax?There are a variety of taxes that a person pays when buying an airline ticket. One tax is called the LUST fuel tax. LUST stands for leaking underground storage tank. The LUST tax is to establish a trust fund to provide money for oversight and corrective action against owners of leaking underground storage tanks and provides money for cleanup of LUST sites where the owner or operator is unknown. Is it efficient for customer’s of airlines to beforced to pay the tax?Theoretically and graphically explain the incidence of ad-valorem tax on the equilibrium price and quantity
- A company produces circuit boards used to update old-fashioned computer equipment. The taxes cost the company $15,000 per month. Each circuit board is made from $6 worth of material per circuit board. The selling price per unit is p = $150 -0.02D per circuit board. يزن منذ د131 a. What is the profit per month? b. What is the maximum profit? c. At what volumes do breakeven occur? What is the company's range of profitable demand? DIQuestion 44 Please refer to the description of a tax on a market, represented by the graphic .. The amount of deadweight loss as a result of the tax is represented by the area(s) Check all that apply. F C. E.•The demand function for a product is represented by the equation Qd = 20 - 2P and its supply function with equations Qs = P - 4. The product is subject to a tax of 20%. a. Calculate the Pe and Qe of the after-tax balance b. Calculate the per unit tax received by the government c. Calculate the per unit tax borne by consumers and producers d. Calculate the total tax received by the government
- A religious group engaged in the sale of bibles and other religious articles was required to pay taxes on thesales of such merchandise. Is the imposition of the tax valid?Customer: "If I purchase this product for $79.99 and two accessories for $9.99 and $7.00, how much would I owe after the 8.75% tax is applied?" Employee: "Your total would beIf the pre-tax cost function for John's Shoe Repair is C(q) = 150+10g-2q² +0.333q³ and it faces a specific tax of $20, what is the profit-maximizing condition if the market price is p? Can you solve for a single, profit-maximizing q in terms of p? The proft-maximizing quantity in terms of p is q=(Property format your expression using the tools in the palette. Hover over tools to see keyboard shortcuts. E.g., a fraction can be created with the / character.)
- Question. Theoretically and graphically explain the incidence of ad-valorem tax on the equilibrium price and quantity.Price Amount Requested (Unit) Amount Offered (Unit) (IDR) 2400 120 180 2000 160 150 Based on the demand function and supply function that you got in question number 1 above, determine the new market equilibrium point if the government imposes a perunit sales tax (fixed tax) on the goods "X" of Rp. 100 / unit. How much is the tax burden borne by consumers and the tax burden borne by producers, and how much is the government tax revenueA) The town of Dimmsdale is a popular tourist destination. The problem is, the tourists are not always considerate of the beautiful landscapes in and around Dimmsdale. Cleanup efforts cost Dimmsdale $5005 a day. The town has decided that it would be only fair to finance this by a “bed tax"-a per-room-per-night tax on every occupied tourist accommodation room. Denote this tax (in dollars per room per night) by t. Dimmsdale has many small hotels, guest houses, and B&Bs. The providers of these ("hoteliers") can all be assumed to be in perfect competition with each other, and they are all similar enough that tourists consider them perfect substitutes. The demand function for rooms is Q,(p) = 700 - 5p, where Qo is the number of rooms demanded and p is the price per room per night in dollars. The marginal cost of providing a room is c = $50 per night, 60% of which is labor costs (accruing to the workers of Sunnyside). The total number of rooms available is fixed at Q = 400 (this cannot be…