What is minimum tax in dollars

Assignment Help Accounting Basics
Reference no: EM132587558

Question - Given the following tax structure, what minimum tax would need to be assessed on Shameika to make the tax progressive with respect to average tax rates?

Taxpayer

Salary

Muni-Bond Interest

Total Tax

Mihwah

$15,000

$5,250

$1,500

Shameika

$65,000

$17,000

?

Required - What is minimum tax in dollars?

Reference no: EM132587558

Questions Cloud

How your policy change would improve the organization : Identify a policy in your organization that you think could be created or amended to improve organizational governance, operations,
Difference between research undertaken by critical theory : What are some of fundamental difference between the research undertaken by critical theorists, relative to the work undertaken by other accounting researchers?
Find a news article published within the last month : Go to the internet and find a news article published within the last month that discusses balancing the federal budget of the U.S
Advocate for risk reduction in your community : Identify and discuss methods to be an advocate for risk reduction in your community.
What is minimum tax in dollars : Given the following tax structure, what minimum tax would need to be assessed on Shameika to make the tax progressive with respect to average tax rates
What is genevieve optimal choice of leisure : What is Genevieve's optimal choice of leisure (L*) if her non-labour income is zero?
Describe the pros and cons of using opioid medications : Conduct some research on the pros and cons of using opioid medications to treat chronic pain. As of early 2018, 23 states and the District of Columbia.
Voices of texas-immigration in texas : How is the population changing in Texas? What are some of the possible political implications of the changing population in Texas?
Determine the equity income to be recognized by Killearn : Shaun's policy is to declare and pay a $1 per share cash dividend every April 1 and October 1. Determine the equity income to be recognized by Killearn

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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