User Account

All Pages

Calculate john marginal tax rate

Assignment Help Financial Accounting
Reference no: EM132776157

Problem 1: John's annual gross income is $120,000 but he has an exemption of $7,200, and total deductions of $10,800. Using the following Tax Table, Calculate:

Income                   Tax rate
0 - 9,275               10%
9,275 - 37,650       15%
37,650 - 91,150       25%
91,150 - 190,150      28%

1) John's taxable income.

2) John's marginal tax rate

Reference no: EM132776157

Questions Cloud

Create a detailed marketing plan : Combine relevant theoretical advances with functional business skills to construct timely and informed decisions - address domestic factors and drivers
What do you think would be the ph : Look up the following substances. Are they acid, basic or neutral. Water, orange juice, sodium bicarbonate, coca cola or pepsi or other soft drink, vinegar
Compute how much interest do pay in the first? yea : How much interest do you pay in the first? year? Express your answer as a percentage of the total value of your mortgage payments in the first year.
How long is the payback period for the project : Calculate the simple payback period for this project. Your desired payback period is 5 years. How long is the payback period for this project?
Calculate john marginal tax rate : Calculate John's marginal tax rate. John's annual gross income is $120,000 but he has an exemption of $7,200, and total deductions of $10,800.
What are the angles present in molecule : 1. Using your molecule, describe the VSPER shape of your molecule and describe how you came up with your answer.
What is the balance outstanding after one year : The loan will be paid off with $5000 payments at the end of every six months. What is the balance outstanding after one year
What is the selling price of the bond for hank company : $5 million of 10-year bonds at a 10% coupon rate to be paid semi-annually. What is the selling price of the bond if the market rate of interest was 12%?
What types of legal barriers to market entry exist : Federal antitrust enforcers are investigating whether a multinational pharmaceutical company has attempted to minimize the impact of generic competition.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd