Business

15 February, 21:37

Ted'annual salary is $35,000 and he pays his last year tax $5,000. While Gaby's salary is $45,000, and she pays tax of $7,500. Based on these two persons, we can say that the "average" tax rate is (use the concept of SLOPE):

a) 20%

b) 10%

c) 23%

d) 25%

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Ted'annual salary is $35,000 and he pays his last year tax $5,000. While Gaby's salary is $45,000, and she pays tax of $7,500. Based on ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

A company purchased a weaving machine for $190,000. The machine has a useful life of 8 years and a residual value of $10,000. It is estimated that the machine could produce 750,000 bolts of woven fabric over its useful life.

Fixed cost per unit is $7 when 25,000 units are produced and $5 when 35,000 units are produced. What is the total fixed cost when nothing is produced? a.$12 b.$130,000 c.$200,000 d.$175,000

The degree to which customers are satisfied and are committed to future purchases of a desired brand is called

On a loanable funds market when the real interest rate increases: A) the supply curve shifts to the right. B) the quantity of funds supplied by households decreases. C) the supply curve shifts to the left.

Marcie started a consulting firm, she is using an office building she used to rent for $60,000/year as her office. She purchased computers and other equipment for $25,000 and spent $20,000 on marketing and advertising.

New Questions in Business

U. S. based Majestic Co. sells products to U. S. consumers and purchases all of materials from U. S. suppliers. Its main competitor is located in Belgium. Majestic Co. is subject to: Options: O economic exposure. O transaction exposure.

A comprehensive evaluation of the group of businesses a company has diversified into involves: a. evaluating the attractiveness of industries the company has diversified into and the competitive strength of each of its business units. b.

Interior Design Group is an all equity firm that has 40,000 shares of stock outstanding. The company has decided to borrow $1 million to buy out the shares of a deceased stockholder who holds 2,500 shares.

How do international organizations establish and maintain a stable/cooperative world structure?

Burberry makes fine raincoats, clothing, and other items, many featuring the company's distinctive plaids.