If your income is $40,000 and your income tax liability is $5,000 . your
a. marginal tax rate is 8 percent.
b. average tax rate is 8 percent.
c. marginal tax rate is 12.5 percent.
d. average tax rate is 12.5 percent.
d
Economics
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A decrease in the demand for American-made goods will
A) increase the supply of dollars in the foreign exchange market. B) decrease the supply of dollars in the foreign exchange market. C) decrease the demand for dollars in the foreign exchange market. D) increase the demand for dollars in the foreign exchange market.
Economics
If a firm hires labor for $6,000, pays rent of $2,000, buys raw materials for $10,000 from another firm, earns profits of $800, and sells its output for $25,000, the value added by the firm is _____
a. $6,200 b. $9,000 c. $15,000 d. $18,000 e. $18,800
Economics