# 28 percent tax bracket. A tax-exempt employee benefit with a value of $500 would have a tax-equivalent value of:

142,973 results

### psychology

Bob Hotchkins is in the 28 percent tax bracket.A tax-exempt employee benefit with a value of 500 would have a tax-equivalent value of: a) $694 b) $528 c) $500 d) $360 IS C CORRECT ANSWER?THANK YOU:)))

### finance

4. a. Someone in the 36 percent tax bracket can earn 9 percent annually on her investments in a tax-exempt IRA account. What will be the value of a one-time $10,000 investment in 5 years? 10 years? 20 years? b. Suppose the preceding 9 percent return is taxable rather than tax-...

### Finance

Someone in the 36 percent tax bracket can earn 9 percent annually on her investments in a tax- exempt IRA account. What will be the value of a one- time $ 10,000 investment in 5 years? 10 years? 20 years?

### finance

mr. brown is in the 10-percent federal income tax bracket and wants to invest $8000 in interest-earning assests. Mr. Black is in the 35-percent bracket and wants to invest $15,000 . The current rate on a typical high-quality tax-exempt municipal bond is 5 percent and on a ...

### Accounting

John Doe is in the 40 percent personal tax bracket. He is considering investing in HCA bonds that carry a 12 percent interest rate. a. What is his after-tax yield(interest rate) on the bonds? b.Suppose Twin Cities Memorial Hospital has issued tax-exempt bonds that have an ...

### HealthCare Finance Bonds

John Doe is in the 40 percent personal tax bracket. He is considering investing in HCA bonds that carry a 12 percent interest rate. a. What is his after-tax yield (interest rate) on the bonds? b. Suppose Twin Cities Memorial Hospital has issued tax-exempt bonds that have an ...

### government(taxes)

I am looking for a list of California state taxes. So far this all I have: 1) Sales Tax 2) Trash tax 3) Electricity tax 4) State income tax 5) Gasoline tax 6) Property tax 7) Federal telephone excise tax 8) Excise tax 9) social security tax 10) environmental tax 11) gift tax ...

### math

One of the advantages of borrowing is that interest is deductible for income tax purposes. a. If a company pays 8 percent interest to borrow $500,000, but is in an income tax bracket that requires it to pay 40 percent income tax, what is the actual net-of-tax interest cost ...

### Finance Accounting

One of the advantages of borrowing is that interest is deductible for income tax purposes. a. If a company pays 8 percent interest to borrow $500,000, but is in an income tax bracket that requires it to pay 40 percent income tax, what is the actual net-of-tax interest cost ...

### Finance

If I have $40,000 of pre-tax what are the differences between $1,000 tax credit versus a $1,000 tax deduction for a single taxpayer in the 25% tax bracket?

### Finance

Kim Davis is in the 40% personal tax bracket. She is considering investing in HCA (taxable) bonds that carry a 12% interest rate. a. What is her after-tax yield (interest rate) on the bonds? b. Suppose Twin Cities Memorial has issued tax exempt bonds that have an interest rate...

### Finance

Mr. Brown is in the 10% federal income tax bracket and wants to invest $8,000 in interest-earning assets. Mr. Black is in the 35% bracket and wants to invest $15,000. The current rate on a typical high-quality tax-exempt municipal bond is 5% and on a similar quality corporate ...

### programming

a sales report. Each record in the file contains a customer's number and name, a sales amount and a tax code. The tax code is to be applied to the sales amount to determine the sales tax due for that sale, as follows: Tax code Sales tax 0 Tax exempt 1 3% 2 5% The report is to ...

### Programming c++

a sales report. Each record in the file contains a customer's number and name, a sales amount and a tax code. The tax code is to be applied to the sales amount to determine the sales tax due for that sale, as follows: Tax code Sales tax 0 Tax exempt 1 3% 2 5% The report is to ...

### Chilcare

If an employee in your center earns $ 9,500 a year, how much federal unemployment tax must you pay for this employee? A $56.00 B $76.00 C $400 D $475 The answer correct for me is A . Because the tax has a maximun of $ 56.00 for each employee

### Economics

Which of the following is usually the most regressive tax? A. Inheritance tax B. Income tax C. Property tax D. General sales tax E. Luxury tax

### fin 3030

1. A bond has a $1,000 par value (face value) and a contract or coupon interior rate of 8%. A new issue would have a flotation cost of 5% of the market value. The bonds mature in 10 years. The firm’s average tax rate is 28% and its marginal tax rate is 39%. The current price...

### Tax

Anyone knows what's the tax rate in Minnesota? I don't know the name of the tax, but I meant the tax you got taken away from your check when you work. Income tax? I web site with various tax rates corresponding to different level of income earned would be nice. Thanks ahead!

### Fiannce

A bond that 1,000 par value 11.9 percent interest payment are $59.50 and are paid semiannually. The bond have a current market value of $1,120and will make in 10yrs. The firm marginal tax rate 34 percent. The after tax cost of debt is?

### financial Managerial

The State of Idaho issued $2,000,000 of seven percent coupon, 20-year semiannual payment, tax-exempt bonds five years ago. The bonds had five years of call protection, but now the state can call the bonds if it chooses to do so. The call premium would be five percent of the ...

### Accounting

Jane Smith currently holds tax-exempt bonds of Good Samaritan Healthcare that pay 7 percent interest. She is in the 49 percent tax bracket. Her broker wants her to buy some Beverly Enterprises taxable bonds that will be issued next week. With all else the same, what rate must ...

### Finance

Jane Smith currently holds tax-exempt bonds of Good Samaritan Healthcare that pay 7 percent interest. She is in the 49 percent tax bracket. Her broker wants her to buy some Beverly Enterprises taxable bonds that will be issued next week. With all else the same, what rate must ...

### Personal Finance

Would you prefer a fully taxable investment earning 13.8 percent or a tax-exempt investment earning 10 percent? assume a marginal tax rate of 28 percent.

### Math Tax Rates/Percents

Calculate the tax for each given rate. Select the rates with tax greater than $3. $45: Tax- 7% $80: Tax- 2.9% $66: Tax- 10% $29: Tax- 11% $55: Tax- 4.5% My answers: The first one The third one The fourth one Am I correct??

### finance

Knight has a property tax base with an appraised value consisting of $142,000,000 of taxable real property and $78,000,000 of taxable personal property. The assessment ratio is 50%. Exemptions for the elderly reduce assessed value by $3,000,000. The city has a planned budget ...

### Math 12

I could really use some help with this problem. Joe bought 100 shares of stock at $10.00 per share. When the shares increased to a value of $N each, he made a charitable donation of all the shares to the Euclid Foundation. He received a tax refund of 60% on the total value of ...

### Public Finance

A worker lives in a state that has its own income tax. The worker is in the 31 percent federal tax bracket. In addition, he is subject to a 9 percent MTR for his state income tax. Assume that mortgage interest is deductible both on his federal and state income tax, and that ...

### public finance

A worker lives in a state that has its own income tax. The worker is in the 31 percent federal tax bracket. In addition, he is subject to a 9 percent MTR for his state income tax. Assume that mortgage interest is deductible both on his federal and state income tax, and that ...

### Math

1. An assessment rate is 47%. The property tax is $39.94 per $1,000. What is the effective tax rate? Round to the nearest tenth of percent. 2. A property tax rate is $7.79 per $100 of assessed value. what is the tax rate as a decimal? Please help.

### tax

In which of the following situations would a taxpayer be better off to take the foreign taxes paid as an itemized deduction rather than as a foreign tax credit? A. The foreign tax paid was less than 10% of AGI B. The foreign tax paid was to a South American country C. The ...

### Healthcare Finance

Jane Smith currently holds tax-exempt bonds of Good Samaritan Healthcare that pay 7 percent interest. She is in the 40 percent tax bracket. Her broker wants her to buy some Beverly Enterprises taxable bonds that will be issued next week. With all else the same, what rate must ...

### maths- commercial mathematics(value added tax)

A shopkeeper sells an article at the listed price of Rs.1500 and the rate of value added tax is 12% at every stage of sale. If the shopkeeper pays a Value added tax of Rs. 36 to the Government, what was the price, inclusive of Tax, at which the shopkeeper purchased the article...

### computer science

Write a program that will ask the user to enter the amount of a purchase. The program should then compute the state and county sales tax. Assume the state sales tax is 4 percent and the county sales tax is 2 percent. The program should display the amount of the purchase, the ...

### roosevelt university

Preston Corporation is evaluating its potential investment in a $225,660 piece of equipment with a three-year life and no salvage value. The company anticipates that pre-tax cash flows in each of the three years will equal to 22%, 44%, and 66%, respectively, of the investment...

### Java Programming

I'm a beginner to Java and I need to know how to do the following: Write a program that will ask the user to enter the amount of a purchase. The program should then compute the state and county sales tax. Assume the state sales tax is 4 percent and the county sales tax is 2 ...

### programming

Write a program that will ask the user to enter the amount of a purchase. The program should then compute the state and county sales tax. Assume the state sales tax is 4 percent and the county sales tax is 2 percent. The program should display the amount of the purchase, the ...

### math

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 property in the tax area is usually referred to as the ? value. 1. taxable 2. assessed Please help me with these. after these i will be done with ...

### Finance

Nico Trading corporation is considering issuing long-term debt. The debt would have a 30 year maturity an a 10 percent coupon rate. In order to sell the issue, the bonds must be underpriced at a discount of 5 percent of face value. In addition, the firm would have to pay ...

### Math

A taxpayer is in the 28 percent tax bracket and invests it in a San Diego City Bond paying 7 percent. What taxable interest rate will provide the after-tax return? I don't understand the formula, so can you show me how it's calculated,please.

### finance

Tangshan Mining is considering issuing long-term debt. The debt would have a 30 year maturity and a 12 percent coupon rate and make semiannual coupon payments. In order to sell the issue, the bonds must be underpriced at a discount of 2.5 percent of face value. In addition, ...

### ECONOMICS

Suppose you are a typical person in the U.S. economy. You pay 4 percent of your income in state income tax and 15.3 percent of your labor earnings in federal payroll taxes (employer and employee shares combined). You also pay federal income taxes as in Table 3. How much tax of...

### tax accounting

bruce wilson won 2 million in the state lottery. the lottery pays out the prize money in 20 annual installments of 100,000 each. After receiving three 100,000 installments, bruce sold the remaining 1.7 million of payments for 1 million. He wants to report the 1 million as long...

### income tax

In which of the following situations would a taxpayer be better off to take the foreign taxes paid as an itemized deduction rather than as a foreign tax credit? A. The foreign tax paid was less than 10% of AGI B. The foreign tax paid was to a South American country C. The ...

### Finance

Your firm is considering leasing a new computer. The lease lasts for 9 years. The lease calls for 10 payments of $1,000 per year with the first payment occurring immediately. The computer would cost $7,650 to buy and would be straight-line depreciated to a zero salvage over 9 ...

### ACC 233-INCOME TAX

Tax Rates, latesha, a single taxpayer, had the following income and deductions for the year 2009. INCOME Salary $60,000 Business Income $25,000 Intrest income(bonds)$10,000 Tax-exempt bond interes $ 5,000 ________ TOTAL INCOME $100,000 DEDUCTIONS: Business Expenses $ 9,500 ...

### Income Tax - Accounting. Help Me Please.

Tax Rates, latesha, a single taxpayer, had the following income and deductions for the year 2009. INCOME Salary $60,000 Business Income $25,000 Intrest income(bonds)$10,000 Tax-exempt bond interes $ 5,000 ________ TOTAL INCOME $100,000 DEDUCTIONS: Business Expenses $ 9,500 ...

### Accounting

George and Margaret Wealthy are in the 48 percent tax bracket, considering both federal and state personal taxes. Norman Briggs, the CEO of Community General Hospital, has been aggressively pursuing the couple to contribute $500,000 to the hospital's soon to be built Cancer ...

### programming

Design a program and write program that will read a file of sales records and produce a sales report. Each record in the file contains a customer's number and name, a sales amount and a tax code. The tax code is to be applied to the sales amount to determine the sales tax due ...

### Tax

Hamad is an employee of Mountain Company. He properly completed his Form 1040EZ tax return and was required to pay the IRS $1,244 at the time of filing. He had income tax withholding during the year of $4,782. His tax liability for the year was: A. $1,244. B. $3,538. C. $4,782...

### Tax

Hamad is an employee of Mountain Company. He properly completed his Form 1040EZ tax return and was required to pay the IRS $1,244 at the time of filing. He had income tax withholding during the year of $4,782. His tax liability for the year was: A. $1,244. B. $3,538. C. $4,782...

### debate

1. What are the advantages of our current tax system? What are the disadvantages? 2. What groups are hurt most by a “flat tax?” What groups profit the most? 3. Explain what tax deductions, tax credits, and tax shelters are (look them up if necessary). Why has the ...

### Finance/Economics

You can invest your money in a taxable corporate bond paying 10% interest or a tax-free municipal bond paying 7% interest. Which would pay the higher after tax interest if you are in the 28% tax bracket?

### Healthcare Finance

George and Margaret Wealthy are in the 48 percent tax bracket, considering both federal and state personal taxes. Norman Briggs, the CEO of Community General Hospital, has been aggressively pursuing the couple to contribute $500,000 to the hospital's soon-to-be-built Cancer ...

### economics

Suppose the income tax rate schedule is 0 percent on the first $10,000; 10 percent on the next $20,000; 20 percent on the next $20,000; 30 percent on the next $20,000; and 40 percent on any income over $70,000. Family A earns $28,000 a year and Family B earns $65,000 a year. ...

### Taxtation

Another client, Ms. Dunham, has asked you to help her understand how her tax is computed. You need to provide Ms. Dunham with the following: An example of how to calculate the tax liability using the tax rate table and the tax rate formula for a taxpayer with taxable income of...

### gov't

Why would democrats go out for revenge against Republican political groups wanting tax-exempt status. Why would Republicans, out for revenge against Democrats who seem to have been biased in granting or not granting tax-exempt status. I have to list a lot of points under each ...

### economic

Do a google search on the concept of a “flat tax.” Explain how this tax scheme works and does it meet the criteria of tax efficiency and tax fairness/equity?

### computer science

5. Calculation of tax in Ruritania In a fictitious country of Ruritania, which is in a fictitious continent called Afrisia, the tax system is highly simplified. They have system where all taxes are converted to one single value and then the tax is applied according to the ...

### Economics

Suppose that the Government runs a pension fund to which all workers must contribute. The employee contribution rate is 6.2 percent on the first $84,900 of income. All income in excess of $84,900 is not taxed for pension purposes. What was the effective pension tax rate for a ...

### income tax

Hamad is an employee of Mountain Company. He properly completed his Form 1040EZ tax return and was required to pay the IRS $1,244 at the time of filing. He had income tax withholding during the year of $4,782. His tax liability for the year was: A. $1,244. B. $3,538. C. $4,782...

### Finance

1. Hyundai Corporation plans to issue 4-year bonds with a par value of $1,000 that will pay $50 every year. The firm will issue these bonds to the buyers at $840 each. (6 points) a. Compute the before-tax cost of debt. (Hint: Try solving this like you solve for IRR; i.e. try 5...

### C++

Write a complete, working program that will do the following: Suppose you want to write a program to calculate the total cost of an item that has sales tax added. If a given item costs 14.97, and the tax rate is 6.7%, display the following information: a) The original cost of ...

### More math

Calculate the simple interest for each situation. Choose THREE that have a simple interest greater than $800.00. a. $2,000.00 at 6% for 7 years *** b. $4,500.00 at 3% for 6 years *** c. $1,400.00 at 6% for 9 years d. $5,000,00 at 7% for 3 years *** e. $800.00 at 15% for 5 ...

### More math

Calculate the simple interest for each situation. Choose THREE that have a simple interest greater than $800.00. a. $2,000.00 at 6% for 7 years *** b. $4,500.00 at 3% for 6 years *** c. $1,400.00 at 6% for 9 years d. $5,000,00 at 7% for 3 years *** e. $800.00 at 15% for 5 ...

### finance

Assume a corporation has earnings before depreciation and taxes of $100,000, depreciation of $40,000, and that it has a 30 percent tax bracket. What are the after-tax cash flows for the company?

### Health care finance

John Doe is in the 40 percent tax bracket. He is considering investing in HCA bonds that carry a 12 percent interest rate. A. What is his after-tax interest rate on the bonds?

### Economics

What describes a tax that is assessed according to benifits received principle? a.) Thosew who receive direct payment of the money tha tax generates are the people who pay the tax b.) Those who pay the tax receive the benifits the tax provides. c.)One group receives benefits ...

### LABOUR ECON...TAX QUESTION

k here is the question suppose a government imposed an employment tax. That is upon entering the labour force an, individual had to pay a lump sum tax. (if they don't work, they don't have to pay the tax). How ould this affect the individual's labour supply curve? Good ...

### accounting

Assume a corporation has earnings before depreciation and taxes of $100,000, depreciation of $40,000, and that it has a 30 percent tax bracket. What are the after-tax cash flows for the company? Question 17 answers

### Fianance

A tax-exempt bond was recently issued at an annual 8 percent coupon rate and matures 20 years from today. The par value of the bond is $1,000.

### Can someone help me on math?

Calculate the simple interest for each situation. Choose THREE that have a simple interest greater than $800.00. a. $2,000.00 at 6% for 7 years *** b. $4,500.00 at 3% for 6 years *** c. $1,400.00 at 6% for 9 years d. $5,000,00 at 7% for 3 years *** e. $800.00 at 15% for 5 ...

### cost of debt

Peyton’s Colt Farm issued a 30-year, 7 percent semiannual bond 7 years ago. The bond currently sells for 94 percent of its face value. The company’s tax rate is 35 percent. What is the pre tax cost of debt?

### Texas Government

the excise tax on gasoline is an example of a tax based on a benefit received rather than on the ability to pay. a. yes b. no This is obviously Yes since in the book it says >> For many governments the primary source of revenue is taxes, which in turn can take many forms...

### Finance

4. Mary W atson is 24 years old and single, lives in an apartment, and has no dependents. She expects to earn $50,000 as a sales assistant. $4,500 of her wages will be withheld for year 2014. She also expected to have interest income $500. Estimate her taxable income, tax ...

### Math

Seven and one half percent is equivalent to the decimal number 0.075. If the sales tax rate is 7.50 what is the sales tax on a $10.00 purchase?

### finance

Peyton’s Colt Farm issued a 30-year, 9.6 percent semiannual bond 6 years ago. The bond currently sells for 87.5 percent of its face value. The company’s tax rate is 38 percent. What is the pretax cost of debt? What is the after tax cost of debt?

### computer programming

Construct a structure chart, as well as a flowchart and pseudocode, for the following problem. Assume that each input record contains a taxpayerâ€™s name, the value of a personal property belonging to the taxpayer, and a code defining the type of of personal property ...

### Computer Science

Design a program that will ask the user to enter the amount of a purchase. The program should the compute the state and county sales tax. Assume the state sales tax is 4 percent and the county sales tax is 2 percent. The program should display the amount of the purchase, the ...

### Credit and Taxes

Calculate the after tax yields on the foregoing investments, assuming the Brittens have a 28% marginal tax rate (based on Public Law 108-27, The Jobs and Growth Tax Relief Reconciliation Act of 2003). Municipal bonds expected annual yield = 5%. High Growth common stocks ...

### statistics

A building has a market value of $229,000.00. If it is assessed at 50% of market value and the tax rate is 40 mills, find the property tax. I got 4,580

### finance

your mortgage payment is $1,500 per month. Of this amount, insurance is %50, property taxes are $200, and interest averages about $1,100. Assuming you have other itemized deductions that already exceed your standard deduction and that you are in the 31% marginal tax bracket, ...

### finance

The Nutrex Corporation wants to calculate its weighted average cost of capital. Its target capital structure weights are 40 percent long-term debt and 60 percent common equity. The before-tax cost of debt is estimated to be 10 percent and the company is in the 40 percent tax ...

### Finance

NET INCOME BEFORE TAXES OF $200,000 AND SALES OF $2,000,000. IF IT IS IN THE 50% TAX BRACKET, WHAT WOULD IT'S AFTER TAX PROFIT MARGIN BE?

### Finance

Eva is 67 and unmarried. She receives $12000 a year in SS benefits and $20000 from taxable pension. She is in the 15% tax bracket and claims standard deduction. She wants to sell stock she has had for more than a year. Her cost is $6000 and its fair market value is $13000. she...

### fundamentals of accounting 1

journalizing payroll transactions, for Keller Systems;Inc, paid cash for april's payroll tax liability. withheld taxes from april payrolls; employee income tax,$532.00; social security tax,$634.88; and medicare tax,$148.48. paid cash for semimonthly payroll. total earnings, $5...

### tax

I have two questions relating to taxes in 2 U.S. states. 1) Why is there no sales tax in Florida? 2) In Pennsylvania, why are these goods (ex. food, clothing, shoes) charge no tax?

### Math

Pat must pay a 6 percent state sales tax and a 2 percent city sales tax on school supplies. If the price of the supplies tax before taxes is $30.00, what is the total amount tha Pat must pay In Sales tax? A $0.25 B $0.90 C $1.80 D $2.40 E $2.60

### c++

MACHINE PROBLEMS #2 1. Create a C++ program that would input the following data about a merchandise: Product Number, Item Description, Original Price, Estimated Years of used of a Merchandise, Salvage Value of Merchandise. Compute the Depreciation and Rate of Depreciation of ...

### economics

Ali pays Rs. 855 property tax.What is the assesed value of his home, if the tax rate in his locality is 2.5% ?

### accounting

Phil Phoenix is paid monthly. For the month of January of the current year, he earned a total of $8,288. The FICA tax rate for social security is 6.2% and the FICA tax rate for Medicare is 1.45%. The FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%. Both unemployment taxes...

### Finance (after-tax cost)

Assuming a tax rate of 50%, the after-tax cost of a $200,000 dividend payment is? A. $200,000 B. $100,000 C. $-100,000 D. none of the above O.K., given a $200,000 after-tax dividend payment and a 50% tax bracket. That means the company had at least $400,000 or more before ...

### Math

A value of 110000 if the tax rate is 25 mills per 1 dollar of assessed valuation how much tax do they pay

### englewood

The gross income of Ginger Hughes is $215 per week. Her deductions are: $15.16, FICA tax; $29.33, income tax; 2% state tax; 1% city tax; and 3% retirement fund. What is her net income?

### Business math

Sarah and brad own and operate a small farm. They made $30,000 farming, $4,000 from an inheritance, $2,300 in interest on a bank account, and $3,600 in interest on tax-exempt municipal bonds. Compute their combined gross income. Do I add total? 39,900? Or do I add everything ...

### finance mortgage payment

your mortgage payment is $1,500 per month. Of this amount, insurance is %50, property taxes are $200, and interest averages about $1,100. Assuming you have other itemized deductions that already exceed your standard deduction and that you are in the 31% marginal tax bracket, ...

### Math - Need urgent help!

A residential property is assessed for tax purposes at 40% of its market value. The residential property tax is 3 1/3% of the assessed value and the tax is $1200. a)What is the assessed value of the property? b) What is the market value of the property?

### Finance - Net Advantage to Leasing

Net advantage to leasing) Arkansas Instruments (AI) can purchase a sonic cleaner for $1,000,000. The machine has a five-year life and would be depreciated straight line to a $100,000 salvage value. Hibernia Leasing will lease the same machine to AI for five annual $300,000 ...

### math

Find the sales tax rate in your area. Using this tax rate, write a linear equation representing the total with tax for a purchase of x dollars. Use this equation to determine what the pre-tax cost of the item is if the total cost with tax is $10.

### math

A community is considering increasing the sales tax rate 0.5% to fund a new sports arena. If the tax rate is raised, how much more will you pay in sales tax on $500?