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Author Archives: Anonymous

John and Mary made $50,000 last year and they are about to f…

John and Mary made $50,000 last year and they are about to file their income taxes.  Assume the following is an accurate income tax table: Income level: Tax rate: $5,000- $10,000 10% $10,001- $40,000 15% $40,001-$100,000 25% $100,001- $250,000 30% $250,001 and up 35%   John and Mary gave money to charity and paid interest on their mortgage.  Assume that accounting for the money they gave to charity and the interest paid on their home reduces their taxable income to $35,000.  Applying the tax rates above this makes John and Mary’s tax liability about $4,700 for the year.  John and Mary’s marginal income tax rate is  _______ . John and Mary were also able to reduce their taxable income by claiming _______ for their charitable giving and the interest on their mortgage. If John and Mary also qualify for a tax credit of $1,000, how will that affect their total tax liability (the amount they must pay for taxes? _______ If John and Mary have any investment income, this will be taxed as a _______ tax.

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What is the main strategy of supply-side economics?

What is the main strategy of supply-side economics?

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According to some, the US has recently engaged in this strat…

According to some, the US has recently engaged in this strategy with Russia by not taking serious action to stop its incursions into Ukraine (including its seizure of the Crimean Peninsula), hoping that by doing so it would forestall war.

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Who was the emperor of the Roman Empire when Jesus was born?

Who was the emperor of the Roman Empire when Jesus was born?

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Which of the following describes Medicaid?

Which of the following describes Medicaid?

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Who or what is the most powerful actor in monetary policy?

Who or what is the most powerful actor in monetary policy?

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Where does the money collected for social security initially…

Where does the money collected for social security initially go?

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Most of the spending on social welfare in the US is spent on…

Most of the spending on social welfare in the US is spent on behalf of the poor.

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C&A sells 2,000 dozen eggs each day. If C&A’s days-of-supply…

C&A sells 2,000 dozen eggs each day. If C&A’s days-of-supply increases from 2 days to 5 days, what will happen to its average inventory?

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The inventory turns of a process are the number of times the…

The inventory turns of a process are the number of times the _________ flows through a process in a(n) ___________.

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