Questions LLC
Login
or
Sign Up
Ask a New Question
Finance
Taxation
Marginal tax rate and deductions
A taxable corporation faces a flat 35% marginal tax rate. What is the tax savings from an additional $100,000 deduction?
1 answer
$35,000. For every dollar of deductions, the corporation saves 35 cents.
You can
ask a new question
or
answer this question
.
Similar Questions
Mrs Hay’s average rate of tax is 39 904/220 000 x 100/1 = 18, 14%. Her marginal rate
of tax is 26%, being the rate of tax which
Top answer:
Therefore, Mrs Hay's average rate of tax is 18.14% and her marginal rate of tax is 26%.
Read more.
Find the tax on a dinette with a cash price of $200 that has been reduced by 20% if the tax rate is 6.5%
The taxable value of the
Top answer:
(A) 6.5% x (0.80)x($200) = $10.40 (B) assessed
Read more.
Chuck, a single taxpayer, earns $84,500 in taxable income and $23,000 in interest from an investment in City of Heflin bonds.
Top answer:
Can you please show what your work on this is so far, or let us know where you're getting stuck?
Read more.
Use the marginal tax rate chart to answer the question.
Marginal Tax Rate Chart: Tax Bracket Marginal Tax Rate $0–$10,275 10%
Top answer:
To determine the effective tax rate, we need to find the marginal tax rate bracket that includes the
Read more.
The marginal tax rate is defined as the extra taxes paid on additional income divided by the increase in income. Calculate the
Top answer:
To calculate the marginal tax rate, we need the specific tax rates for each income bracket in the
Read more.
The marginal tax rate is defined as the extra taxes paid on additional income divided by the increase in income. Calculate the
Top answer:
To calculate the marginal tax rate for the given scenarios, we need to understand how each tax
Read more.
I'm trying to research for a paper about why we shouldn't have flat tax rate, and a reason that i'm seeing people putting
Top answer:
Income taxes take a part of a person's income. If you make $50,000 a year and pay 10% of it in
Read more.
Which of the following is true about standard deductions?
A. They are tax breaks that you can claim without having to itemize B.
Top answer:
A. They are tax breaks that you can claim without having to itemize
Read more.
Mike went to the bakery and bought eatables worth $ 25, out of which 30 cents went on sales tax on taxable purchases. If the tax
Top answer:
If .30 = .06x, then x = 5 So, $5 was taxed, and $20 was tax-free
Read more.
Mike went to the bakery and bought eatables worth $ 25, out of which 30 cents went on sales tax on taxable purchases. If the tax
Top answer:
To determine the cost of the tax-free items, we need to first calculate the total amount of tax
Read more.
Related Questions
mike went to the bakery and bought eatable worth 25$, out of which 30 cents went on sales tax on taxable purchases. if the tax
You are given the choice of $4,000 in extra taxable income per year or a tax-exempt medical policy. The medical policy costs
In one to two sentences, describe an example where people pay a flat tax and explain why it is a flat tax.
If someone paid $59.00 on their taxable income with a state income tax rate of 6%, determine the amount of their taxable income.
What are the definitions for the words below?
Tax Tax base Tax brackets Sales tax International revenue services, IRS Payroll tax
What are the definitions for the words bel?
Tax Tax base Tax brackets Sales tax Internal revenue service, IRS Payroll tax Excise
Which type of tax describes excise taxes, sales taxes, and tolls?(1 point)
Responses progressive tax progressive tax use tax use
Use the image to answer the question.
Quadrant 1 of a coordinate plane shows the x axis labeled taxable income and the y axis
a family has 98,150 of taxable income. The top tax rate on the graph is for taxable income over 91,150\. what is the tax rate
Amanda Sabino's taxable income is $20,900.00. How much will she pay in state tax?
Tax Table- First $2,000: 2.0% rate Next $4,000: