Mary has an 85769 adjusted gross income and 10000 of

Assignment Help Econometrics
Reference no: EM13379867

Mary has an $85,769 adjusted gross income and $10,000 of non-refundable tax credits. She is a resident of Manitoba. Use the 2008 tax rates.

In solving the problem,when your taxable income lies exactly on the border of the 22% bracket ( so that adding one dollar takes it to the beginning of the net bracket), choose the next bracket i.e. 26% as the marginal rate for your federal tax, then also add the marginal rate from the last bracket of the provincial tax in order to get the overall marginal tax rate.
page1image4976

1 Calculate the total tax payable

 

2 Calculate the average tax rate

 

3 Calculate the marginal tax rate

 

Reference no: EM13379867

Questions Cloud

Online educators oe a not-for-profit firm exempt from taxes : online educators oe a not-for-profit firm exempt from taxes is considering replacement of some electronic equipment
Autie frannie wants to help pay for her twin nephews to : autie frannie wants to help pay for her twin nephews to attend a private school. she intends to send a cheque for 2000
A company is considering replacing a painting machine : a company is considering replacing a painting machine purchased 9 years ago for 700000. it has a market value today of
Theres quite a bit to be said about face-to-face : theres quite a bit to be said about face-to-face interviewing for sure. but theres also some drawbacks and you named
Mary has an 85769 adjusted gross income and 10000 of : mary has an 85769 adjusted gross income and 10000 of non-refundable tax credits. she is a resident of manitoba. use the
Review the given papercurrent macroeconomics situationit : review the given papercurrent macroeconomics situationit seems apparent that the current macroeconomics situation in
Your son is graduating from high school and is about to : your son is graduating from high school and is about to enter the work force. he has developed a strong curiosity
1the table below shows the probability that a mother in a : 1.the table below shows the probability that a mother in a given part of the income distribution given by the row will
S90 116 1991 105 1992 : sales 1990 116 1991 105 1992 29 1993 59 1994 1081995

Reviews

Write a Review

Econometrics Questions & Answers

  Describe what prices will be charged for a movie

A movie theater has estimated that the demand for a movie ticket can be written as P1 = 10 - Q1 for senior citizens and P2 = 12 - Q2 for the rest of the customers. The marginal cost of a movie ticket is $1. If the movie theater practices third-deg..

  How to use the expectations hypothesis to compute

Suppose that the interest rate on one-year bonds is 4 percent today, and is expected to be 6 percent one year from now and 7 percent two years from now and 7.5 percent three years from now. Use the expectations hypothesis to compute.

  Determine what is the socially optima number of trains

Consider a railroad is next to a farm.Each time the train passes by the farm,sparks from the train fly into the farm and destroy some of the crop.The following gives the marginal cost of the train that pass the farm on one month.

  Find what price should terry charge to maximize profit

The demand curve for haircuts at Terry Bernard's Hair Design is, P = 22 - 0.22Q, where Q is the number of cuts per week and P is the price of a haircut. Terry is considering raising her price above the current price of $9

  Find the competitive price and quantity of paper

The supply of paper is given by the following equation: Qs = 5,000P and the demand for paper is given by: Qd = 400,000 - 1,000P. The Q's are in tons. There is pollution associated with the production of paper causing marginal external damages of $..

  Calculate his expected loss

If Roger could insure himself fully against the loss and the insurance is actuarially fair. d) What is the fair premium for his risk? e) Calculate his utility gain due to insurance. f) What value for the premium (instead of a fair premium would cause..

  What is the growth rate of real gdp per capita

Suppose an economy's real GDP is $38,000 in year 1 and $41,200 in year 2. What is the growth rate of its real GDP (Instructions: Round your answer to two decimal places.) The growth rate of the economy's real GDP = % Assume that population is 100 in ..

  Determine the amount in the fund immediately

Five annual deposits in the amounts of ($1,200, $1,000, $800, $600, and $400) are made into a fund that pays interest at a rate of 9% compounded annually. Determine the amount in the fund immediately after the 5th deposit

  How many dvds should be sold to rent per day to max profit

price:1.75, 2.00, 3.00, 4.50, 5.00, 5.50. quantity: 55, 110, 165. mc=5.00/165, 3.00/110, 1.75/55. atc=5.00/165, 5.50/55. avc=2.00/55. demand=1.75/55. mr=2.00/55. How many DVDs should be sold to rent per day to maximize profit

  Determine by cash flow analysis present worth of termination

Five years ago, a company invested in equipment having a 10-year technological life and before-tax cash flows (gross income less expenses) given below. Sales were not as good as projected, and the company is considering terminating the project.

  Find the inverse demands faced by the two firms

where a > 1. In addition assume that the firms target own profit maximization, compete (simultaneously) in quantities and have marginal costs equal to c1 = c2 = c. Assume that 1 > c > or equal to 0. Describing the necessary mathematical steps, an..

  Calculate the point price elasticity of demand and income

(a) Calculate the equilibrium quantity and price for peaches. (b) Calculate the point price elasticity of demand and point income elasticity for peaches at the equilibrium. Also calculate the point cross price elasticity between peaches and aprico..

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