Average tax rate is what, Leslie works 35 hours a week at a

Average tax rate is what

Assignment Help Business Economics

Reference no: EM131075061

Leslie works 35 hours a week at a wage of $20. Thus, her total weekly income is $700. On this income, she pays total taxes of $49. However, she calculates that on the last hour that she works, she pays $5. Leslie's average tax rate is what?

Reference no: EM131075061

Questions Cloud

Social security administration has increased the retirement : In recent years, the Social Security Administration has increased the retirement age from age 65 to age 67. Based on the concept of consumption smoothing, what impact is this change in the retirement age likely to have on the supply of loanable funds..

Currency into her checking account : A consumer deposits of $1,000 in currency into her checking account. The bank sets aside $200 aside as required reserves (i.e. assume a 20% minimum reserve requirement), and then makes a loan of $800 to a new borrower.

Changes in the federal funds interest rate often : Changes in the federal funds interest rate often lead to similar changes in the prime interest rate (i.e. the short-term interest rate banks charge their best business loan customers). Indicate whether this statement is TRUE or FALSE; and then provid..

Disparity in operational-financial standards of excellence : If you favor FedEx, probe the disparity between operational and financial standards of excellence. If you favor UPS, reconcile your view with the conventional wisdom about FedEx’s operational excellence.

Average tax rate is what : Leslie works 35 hours a week at a wage of $20. Thus, her total weekly income is $700. On this income, she pays total taxes of $49. However, she calculates that on the last hour that she works, she pays $5. Leslie's average tax rate is what?

Compare and contrast the four market structure models : Compare and contrast the four market structure models: Monopoly, Oligopoly, Monopolistic Competition, and Perfect Competition—including, but not limited to, assumptions/characteristics of each model, profit maximizing price/output combinations, short..

What is the basic product or service of the company : The subject of the last section of material, and the class generally, has been about creating a profitable and economically savvy business strategy, creating a competitive advantage, and maintaining that competitive advantage over time. What is the n..

Theory of human behavior in economic theory : Given that standard economic theory looks at human nature as essentially rational and static and Institutional Theory looks at human nature as evolving; What is the importance of a theory of human behavior in economic theory?

When negative externalities exist in a market : When negative externalities exist in a market,

User Account

All Pages