What percentage of taxpayers with adjusted gross incomes

Assignment Help Basic Statistics

Reference no: EM13629506

Of federal taxpayers who itemize their deductions and have adjusted gross incomes between $35,000 and $50,000, the dollar amount of gifts to charity claimed on Schedule A is normally distributed with a mean of $549 and a standard deviation of $168.

a. What percentage of taxpayers with adjusted gross incomes between $35,000 and $50,000 will claim less than $400 in gifts to charity on Schedule A?

b. What percentage of taxpayers with adjusted gross incomes between $35,000 and $50,000 will claim between $500 and $600 in gifts to charity on Schedule A?

c. The IRS decides to audit any return for which the deduction for gifts exceeds that for 99% of those who itemize and have adjusted gross incomes of between $35,000 and $50,000. Above what dollar figure is a tax return automatically flagged according to this criterion?

Reference no: EM13629506

Questions Cloud

If the probability that a tourist visiting the grand canyon : if the probability that a tourist visiting the grand canyon will be bitten by a rattlesnake is .00002 us the poisson

In a survey of 300 college graduates 55 reported that they : in a survey of 300 college graduates 55 reported that they entered a profession closely related to their major if 7 of

Find the critical value assume that the test is two-tailed : find the critical value. assume that the test is two-tailed and that n denotes the number of pairs of data. n 7 a

A project was planned using pert with three times estimates : a project was planned using pert with three times estimates. the expected completion time of the project was determined

What percentage of taxpayers with adjusted gross incomes : of federal taxpayers who itemize their deductions and have adjusted gross incomes between 35000 and 50000 the dollar

To construct a normal distribution the measurements needed : to construct a normal distribution the measurements needed area. the mean and the medianb. the mode and the standard

Let x be the amount of time in minutes that a particular : let x be the amount of time in minutes that a particular san francisco commuter must wait for a bart train. suppose

An auditor takes a random sample of size n110 from a large : an auditor takes a random sample of size n110 from a large population. the population standard deviation is not known

According to a recent survey about 33 of americans polled : according to a recent survey about 33 of americans polled said that they would likely purchase reusable cloth bags for

User Account

All Pages