Business, 14.01.2020 05:31 viv1302

Jack earns $90,000 while priscilla earns $130,000. a regressive social security tax of 5%, paid only up to $90,000, would mean that

(a) priscilla pays more tax dollars than jack.
(b) both pay the same amount of dollars in the tax but jack pays a lower tax rate.
(c) both pay the same amount of dollars in the tax and pay the same tax rate.
(d) both pay the same amount of dollars in the tax even though jack pays in a higher tax rate bracket.
(e) priscilla pays no taxes (income over $90,000) so the burden falls on jack.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 14:10

What sources about ecuador should you consult to obtain cultural information about this country that will need to be included in your cultural map?

Answers: 2

Answer

Business, 22.06.2019 10:50

You are evaluating two different silicon wafer milling machines. the techron i costs $285,000, has a three-year life, and has pretax operating costs of $78,000 per year. the techron ii costs $495,000, has a five-year life, and has pretax operating costs of $45,000 per year. for both milling machines, use straight-line depreciation to zero over the project’s life and assume a salvage value of $55,000. if your tax rate is 24 percent and your discount rate is 11 percent, compute the eac for both machines.

Answers: 3

Answer

Business, 22.06.2019 18:00

What would not cause duff beer’s production possibilities curve to expand in the short run? a. improved manufacturing technology b. additional resources c. increased demand

Answers: 1

Answer

Business, 22.06.2019 20:10

Mikkelson corporation's stock had a required return of 12.50% last year, when the risk-free rate was 3% and the market risk premium was 4.75%. then an increase in investor risk aversion caused the market risk premium to rise by 2%. the risk-free rate and the firm's beta remain unchanged. what is the company's new required rate of return? (hint: first calculate the beta, then find the required return.) do not round your intermediate calculations.

Answers: 2

Answer

You know the right answer?

Jack earns $90,000 while priscilla earns $130,000. a regressive social security tax of 5%, paid only...

Questions