If Mary earns $80,000 in taxable income and pays $40,000 in taxes, her marginal tax rate must be 50 percent
a. True
b. False
Indicate whether the statement is true or false
False
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The price/earnings (PE) ratio of a stock is found by
a. dividing the most recent year's dividend by the current stock price b. dividing the current stock price by the after-tax profit per share c. dividing the most recent year's dividend by retained earnings d. dividing the current stock price by the Dow Jones Industrial Average e. dividing the current stock price by the present value of the firm
Which one of the following transactions would be included in GDP?
A. Ms. Kim pays $50 for a used picture frame at a neighborhood garage sale. B. Mr. Doe donates $500 to his town's junior college scholarship fund. C. Ms. Bartolini pays $500 to fix the front end of her car damaged in a recent accident. D. Ms. Smith pays $5,000 to purchase 100 shares of Microsoft stock.