Maintain the couple after-tax disposable income

Assignment Help Financial Management

Reference no: EM132074201

Mr. E, a petroleum engineer, earns an $84,500 annual salary, while Mrs. E, a homemaker, has no earned income. Under current law, the couple pays 20 percent in state and federal income tax. Because of recent tax law changes, the couple’s future tax rate will increase to 28 percent. If Mrs. E decides to take a part-time job because of the rate increase, how much income must she earn to maintain the couple’s after-tax disposable income? (Round your intermediate calculations and final answer to the nearest whole dollar amount.)

Reference no: EM132074201

Questions Cloud

What is the contribution margin per phone : Buchanan Singular sells phones for $150. The unit variable cost per phone is $35. What is the contribution margin per phone

How gender influences prevalence rates and diagnosis : The problem lay buried, unspoken, for many years in the minds of American women. [...] Each suburban wife struggled with it alone.

Minimum percentage a student needs to earn a grade of a : The professor decides to assign a grade of A+ to the students with the top 8% of the grades, and a grade of A to the next best 12%.

What is the z score of the local county preschools : What is the z score of the local county preschools? Calculate the number of accidents of the local preschool (i.e. determine its "raw score").

Maintain the couple after-tax disposable income : How much income must she earn to maintain the couple’s after-tax disposable income?

What is the total amount of cash paid : The company later returned $250 of the merchandise and paid the invoice within the 2% discount period. What is the total amount of cash paid

Identify one global issue currently in the news : Identify one global issue currently in the news that might benefit from a macro-level intervention that includes a psychologist.

What is the bond taxable equivalent yield for investor : What is the bond's taxable equivalent yield for an investor in the 35 percent marginal tax bracket?

Describe the business strategy of the organization : Describe the business strategy of the organization (be sure to include sufficient detail to provide the reader with a clear understanding of the strategy).

User Account

All Pages