Business, 01.09.2020 21:01, eliarnol9517

Determine the average amount of taxable income per tax return, for each of the ranges of taxable income provided, using the information in the below table. Taxable Income and Total Tax Liability are in thousands. (Enter your answers in dollars rounded to the nearest dollar value) Ranges of Adjusted Gross Income ItemUnder $15,000$15,000 to under $30,000$30,000 to under $50,000$50,000 to under $100,000$100,000 to under $200,000$200,000 or more Number of returns 36,868,111 30,591,169 25,344,865 31,214,450 15,669,954 5,259,835 Taxable income$25,071,854 $215,157,181 $532,917,061 $1,487,794,538 $1,573,704,933 $2,521,984,594 Total income tax liability$2,162,407 $18,673,619 $54,670,156 $192,715,858 $266,232,620 $657,115,159 Average tax rate 8.62% 8.68% 10.26% 12.95% 16.92% 26.06%

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 19:10, postorivofarms

If we know that a firm has a net profit margin of 4.6 %, total asset turnover of 0.62, and a financial leverage multiplier of 1.54, what is its roe? what is the advantage to using the dupont system to calculate roe over the direct calculation of earnings available for common stockholders divided by common stock equity?

Answers: 2

continue

Business, 21.06.2019 20:40, brittany7436

Astock is selling today for $50 per share. at the end of the year, it pays a dividend of $3 per share and sells for $58. a. what is the total rate of return on the stock? (enter your answer as a whole percent.) b. what are the dividend yield and percentage capital gain? (enter your answers as a whole percent.) c. now suppose the year-end stock price after the dividend is paid is $42. what are the dividend yield and percentage capital gain in this case? (negative amounts should be indicated by a minus sign. enter your answers as a whole percent.)

Answers: 1

continue

Business, 22.06.2019 03:10, jaquisjones68

Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e. g. -15,000 or parentheses e. g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work

Answers: 3

continue

Business, 22.06.2019 04:50, toyaluv2013

Steffi is reviewing various licenses and their uses. match the licenses to their respective uses. you are eligible to work within the state. you are eligible to sell limited investment securities. you are eligible to sell fixed income investment products. your compensation is fee based. section 6 section 7 section 63 section 65

Answers: 3

continue

Do you know the correct answer?

Determine the average amount of taxable income per tax return, for each of the ranges of taxable inc...