subject
Business, 16.07.2019 16:20 zamawi17

Mauro just won $1,000,000 from the lottery! despite his excitement in winning a tremendous amount of money, his brother (who is an accountant) warns him not to spend it all at once and hands him this tax rate schedule for single taxpayers. taxable income federal tax $0-$7,825 10% of amount $7825.01-$31,850 $725.50 plus 15% of amount over 7,825 $31,850.01-$77,100 $4,386.25 plus 25% of amount over 31,850 $77,100.01-$160,850 $15,698.75 plus 28% of amount over 77,100 $160,850.01-$349,700 $39,148.75 plus 33% of the amount over 160,850 $349,700.01 and up $101,469.25 plus 35% of amount over 349,700 using this chart, a taxpayer who makes $58,000 annually (line 3) will have to pay $4,386.25 plus 25% of the differene of 58,000 and 31,850 or 4,386.25 + (0.25)(58,000-31,850) = $10,923.75. before winning the lottery, mauro's annual income was $34,500. use the chart to determine mauro's federal tax before winning the lottery and after winning the lottery. how much extra does he have to pay in federal taxes because he won the lottery? a. $5,048.75 b. $336,100.50 c. $341,149.25 d. $676,260.76

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 07:00
Ireally need with these questions.6. what level of job security do athletes and sports competitors have? why do you think this is? 22. do you think a musician has more job security than an athlete? explain.37. what is the difference between a public relations specialist and a marketing professional? 47. do you think gender inequalities still exist in the sports industry? explain.50. what are the advantages and disadvantages of labor unions? do you think labor unions are fair to employers? how might they be taken advantage of?
Answers: 1
question
Business, 22.06.2019 17:30
Danielle enjoys working as a certified public accountant (cpa) and assisting small businesses and individuals with managing their finances and taxes. which general area of accounting is her specialty? danielle specialized in
Answers: 1
question
Business, 22.06.2019 19:20
Advertisers are usually very conscious of their audience. choose an issue of a popular magazine such as time, sports illustrated, vanity fair, rolling stone, or the like. from that issue select three advertisements to analyze. try to determine the audience being appealed to in each advertisement and analyze the appeals used to persuade buyers. how might the appeals differ is the ads were designed to persuade a different audience.
Answers: 2
question
Business, 22.06.2019 20:20
Why is it easier for new entrants to get involved in radical innovations when compared to incumbent firms? a. unlike incumbent firms, new entrants do not have to face the high entry barriers, initially. b. new entrants are embedded in an innovation ecosystem, while incumbent firms are not. c. unlike incumbent firms, new entrants do not have formal organizational structures and processes. d. incumbent firms do not have the advantages of network effects that new entrants have.
Answers: 2
You know the right answer?
Mauro just won $1,000,000 from the lottery! despite his excitement in winning a tremendous amount o...
Questions
question
Mathematics, 23.10.2019 04:00
Questions on the website: 13722363