Marginal tax rate and average tax rate for gordon geist

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Reference no: EM132017252

1. If you invest for 3 months at 0.70% and buy March Eurodollar futures (99.1) to hedge your reinvestment for another 3 months. What is your annualized return (360-day basis) for your 6-month investment?

2. Calculate the 2017 taxable income, federal income tax, marginal tax rate and average tax rate for Gordon Geist, a single taxpayer with no dependents and no itemized deductions and gross income of $91,500.

3. Anderson Co. makes and uses 5,000 components each year in its manufacturing operations. An outside supplier has offere to supply rhe components to Anderson at $66 per unit. Anderson's production costs are as follows:

Direct materials $8

Direct labor $32

Variable overhead $12

Fixed overhead (based on normal capacity) $34

Reference no: EM132017252

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