Calculates that on the last hour that she

Assignment Help Business Economics
Reference no: EM131808370

Stephanie works 25 hours a week at a wage rate of ?$10. ? Thus, her total weekly income is ?$250. On this? income, she pays total taxes of ?$12.50. ? However, she calculates that on the last hour that she? works, she pays ?$2.50.

Stephanie's average tax rate is__%. (round your response to two decimal places.)

Reference no: EM131808370

Questions Cloud

Aggregate consumer plus producer surplus : How does the aggregate consumer's plus producer's surplus differ between (c) and (d)?
Short-run effect on the price level : Starting from an above full employment equilibrium, briefly explain with the aid of a diagram, the short-run effect on the price level and real GDP
Find percentage of customers satisfied in the database : A recent survey of 252 customers, selected at random from a database with 12,861 customers, found that 208 are satisfied with the service they are receiving.
What are the most important items to add to that policy : Organizations should have policies that describe which users have access to sensitive systems and data, for what purpose, and for how long.
Calculates that on the last hour that she : On this? income, she pays total taxes of ?$12.50. ? However, she calculates that on the last hour that she? works, she pays ?$2.50.
What should be the balance in newlands capital account : What should be the balance in Newland's capital account upon formation of the partnership
Developing an erm plan for an organization : Describe the role of each person. Suggest a timeline for establishing an ERM plan, giving your opinion on how frequently the plan should be reviewed.
Find the CI for the support level percentage in city : In a sample of 258 individuals selected randomly from a city of 750,339 people, 165 were found to be supportive of a new public works project.
How much self-employment tax must he pay for 2013 : How much self-employment tax must he pay for 2013, net earnings from a tax preparation business that he runs during tax season

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

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