Interpersonal or social, Technical and functional skills are usually required for team members to be good contributors.
There are many different teamwork skills, but they are all tied to your capacity for interaction and productive collaboration. Excellent communication, listening, and conflict management skills are necessary for team success.
A good team player will effectively communicate their thoughts to the group. You must be able to communicate verbally, visually, over the phone, via email, and in person. Ability to manage conflicts among team members is a crucial teamwork skill. Listening is a crucial component of communication. To be a productive team member, you must be able to listen to the opinions and worries of your colleagues. You also want to be a trustworthy team member so that your coworkers can confide in you with sensitive company information and time-sensitive tasks.
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The idea that each country should be allowed to choose its own inflation rate is called the ________ argument.
The idea that each country should be allowed to choose its own inflation rate is called the monetary autonomy argument.
Inflation refers to a standard growth in the prices of goods and offerings in a financial system. whilst the overall rate stage rises, every unit of forex buys fewer items and offerings; therefore, inflation corresponds to a discount within the purchasing energy of cash.
Inflation is the fee of boom in costs over a given period of time. Inflation is typically a large degree, inclusive of the general increase in expenses or the boom in the value of residing in a country.
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Foremost manufacturing wants to buy $50,000 of sheet metal from ore industries on credit. Before agreeing to the sale, ore decides to evaluate foremost’s financial status. Of the following potential findings, which would lead ore to refuse to sell the metal on credit?.
Foremost's current assets are $450,000 and its current liabilities are $575,000. As Foremost has current assets of $450,000 and current liabilities of $475,000, its current ratio is = 450000 / 475,000 = 0.95 which is less 1, leading to refusal in selling of metal on credit.
All assets possessed by the company that can be turned into cash within a year are recorded in the Current Assets account, which is a line item on the balance sheet under the Assets heading. Current assets are items whose value is shown in the Current Assets account.
Clear recurring payments and debts can be made using current assets. It provides information about the company's cash and liquid assets Investors and creditors carefully examine the company's current assets to comprehend the risks and potential rewards of the business.
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Complete Question:
Foremost Manufacturing wants to buy $50,000 of sheet metal from Ore Industries on credit. Before agreeing to the sale, Ore decides to evaluate Foremost’s financial status. Of the following potential findings, which would lead Ore to refuse to sell the metal on credit?
Foremost’s current liabilities are $450,000 and its current assets are $475,000.
Foremost’s accounts receivable are $22,000 and its accounts payable are $21,000.
Foremost’s current assets are $450,000 and its current liabilities are $475,000.
Foremost’s accounts payable are $22,000 and its accounts receivable are $21,000.
On april 1st, 2022, howard & sons law firm, whose fiscal year-end is september 30th, purchased a building for $1,400,000. The building is expected to remain in service for 50 years, and it will be depreciated using the straight-line method. If the expected salvage value is $800,000, what will be the book value of the building on september 30th, 2033?.
It will be depreciated using the straight-line method. If the expected salvage value is $800,000. $1,262,000. will be the book value of the building on September 30th, 2033.
Asset cost - salvage value= $600,000 depreciable base. Dividing this result by 50 results in annual depreciation of $12,000. Multiplying the yearly depreciation by 11.5 years results in an accumulated depreciation of $138,000.In account, book value is the value of an asset according to its balance distance account balance. For means, the value is grounded on the original cost of the asset less any deprecation, amortization, or impairment costs made against the asset.
(1)Traditionally, a company's book value is its total means( explanation demanded) minus impalpable means and arrears.( 2) still, in practice, depending on the source of the computation, book value may perfectly include goodwill, impalpable means, or both.( 3) The value essential in its pool, part of the intellectual capital of a company, is always ignored. When impalpable means and goodwill are explicitly barred, the metric is frequently specified to be" palpable book value".In the United Kingdom, the term net asset value may relate to the book value of a company.
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compounding with different interest rates a deposit of 430 earns interest rates of 8.3 percent in the first year and 10.3 percent in the second year what would be the future value at the end of the second year
Second year future value is equal to FV = PV × (1 + i) (1 + j) FV = $750 × (1 + 1.83) (1 + 1.103) = $750 × 1.83 × 1.103 = $1513.86
Future value is the value of a current asset at some time in the future based on an estimated rate of growth (FV). The future value is important to investors and financial planners because they use it to estimate how much an investment made now will be worth in the future.
The formula for future value, which also gives you an estimate of an asset's future value, responds to these inquiries. The next time you want to buy a new car or a house in a few years, you will be much better prepared to estimate how much money you should set away after learning this lesson rather than just "throwing out a figure."
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if a profit-maximizing firm in a competitive market discovers that, at its current level of production, price is greater than marginal cost, it should question 8 options: shut down. reduce its output but continue operating. continue to produce at the current levels. increase its output.
If a profit-maximizing company in a cutthroat market finds that price is higher than marginal cost at its current level of production, it will raise output.
Explain about the profit-maximizing?
Businesses go through the process of profit maximization to ensure that the best levels of output and prices are realized in order to maximise their returns. In order to meet its profit goals, the corporation alters crucial factors including sale price, production costs, and output levels.
For a business to thrive and to be competitive, it must make a profit. Therefore, the money it makes must be enough to cover all of its direct costs (materials, labour, and so forth), plus the money needed to keep it competitive (referred to as "normal profit").
The monopoly will maximize profits by producing at the point where marginal revenue and marginal cost are equal.
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long-term care is a term used to describe: group of answer choices the inflation protection riders in the insurance policy. the delivery of medical and personal care to persons with chronic medical conditions who are not in a hospital. the coverage for a serious illness or accident that prevents an insured person from working for an extended period. an extended period of hospital stay due to a serious illness or accident. compensation provided to workers who are injured on the job or become ill through work-related causes.
A long-term care is a term used to describe the coverage for a serious illness or accident that prevents an insured person from working for an extended period. The Option C is correct.
What should we know about long-term care?Basically, a long-term care involves the variety of services designed to meet a person's health or personal care needs during a short or long period of time. These type of services help people live as independently and safely as possible when they can no longer perform everyday activities on their own.
In other words, the long-term care is provided in different places by different caregivers, depending on a person's needs. Most of the long-term care are provided at home by unpaid family members and friends and can also be given in a facility such as a nursing home or in the community, for example, in an adult day care center.
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What is formed by organized groups of cells with similar structures and a common purpose?.
Cells grouped together into tissues have a similar structure and cooperate to carry out a certain task. Organs are made up of many tissues. An organ system is made up of various organs working together.
What is organ system?The integumentary, muscular, respiratory, digestive, nervous, endocrine, cardiovascular, urinary, and reproductive systems are among the 11 organ systems.
Other organ systems include the lymphatic, skeletal, muscular, lymphatic-lymphatic, respiratory, and digestive-gastro-intestinal-nervous systems.
A group of organs that cooperate to carry out one or more functions is known as an organ system in biology. Each organ in a plant or animal body is composed of certain tissues and serves a specific purpose.
Muscular system and skeletal system.digestive system and muscular system.reproductive system and endocrine systemurinary system and cardiovascular system.To learn more about organ systems refer to:
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in a(n) bearing note, interest is deducted from the face amount of the loan to determine the cash proceeds available to the borrower at the time of loan.
When calculating the cash value of a noninterest bearing note, interest is subtracted from the loan's face amount.
How do you calculate the effective interest rate on a note that doesn't pay interest?Accounting for a note that doesn't pay interest
Determine the note's discounted present value using the current market interest rate.
To calculate the amount of interest income, multiply the market rate of interest by the note's present value.
A noninterest bearing note's present value would be calculated using the?Using the present value formula, PV = FV / (1 + i%)n, where FV denotes future value, in this example $8000, i% denotes the interest rate, say 10%, and n is the term in years, in this case one year, the present value of the non-interest bearing note payable is determined.
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all of the following would most likely be advantages of social media marketing: a) social media are targeted and personal. b) social media campaign results are easily measured. c) social networks are largely marketer controlled. d) social media allow marketers to engage in multichannel sales.
Social media marketing is a concept of modern marketing working as lucrative model of persuading large number of buyers digitally who are targeted and personal both.
What is Social Media Marketing?
In order to develop a company's brand, boost sales, and enhance website traffic, social media marketing, often referred to as digital marketing and e-marketing, makes use of social media platforms where users may create social networks and share information.
Social media marketing (SMM) gives businesses a method to interact with current consumers and attract new ones. It also contains data analytics features that are specifically designed to help marketers to monitor the effectiveness of their campaigns and find new opportunities for interaction.
Therefore the social media marketing suitable for targeted & personal buyers.
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for a company that produces large home appliances such as washing machined, ranges, ovens, and refrigerators -- would it seem to make more sense to pursue a multi-domestic strategy, a global strategy, or a transnational strategy? why?
The correct answer of this question is Global strategy.
Home appliances including refrigerators, stoves, ovens, and washing machines must carry out universally consistent routine tasks because they are standardised items.
However, because the product is sold in several nations, it needs to be modified slightly. For example, the language used in the product's instructions must be changed, and the plugs' voltage requirements must be adjusted.
As a result, the cost of modifying particular characteristics is quite minimal due to these variations between countries.
The pricing and feature changes while moving from one country to another are minimal.
The optimal strategy for such products is one that is global in scope. Thinking and acting globally is the definition of global strategy.
When a product is sold globally, this technique works well because it incurs little expense to make minor adjustments to the product.
Home appliances offer conventional products with little need for local preferences, allowing for significant cost savings. Global Strategy is the most appropriate strategy.
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advertisements for jewelry, perfume, and clothing often use the persuasive strategy called thep. t. barnum used gross exaggeration, fraudulent stories, and staged events to secure newspaper coverage for his clients, his american museum, and his circus.
Marketing is an industry used to name the eye of the public to something, typically a product or service. examine more about advertising and marketing including in-app advertisements and advert codecs: Commercial.
Commercials are a guaranteed method of achieving a target market. by way of growing an interesting advert, and spending sufficient to reach your goal users, classified ads will have some of the most commonplace forms of online advertisement are show marketing, pop-up advertisements, email classified ads, SEM advertising, pay-in line with-click marketing, wealthy Media advertising, social media advertising, and native marketing.
Advertising and marketing allow teaching customers approximately how your services or products assist them and what your brand stands for. you can use advert campaigns to improve your brand building and generate deeper information about your emblem—out of your employer's undertaking to the price of what you promote.
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imagine you are a project manager and two of your team members disagree about how to approach a workflow problem. the debate leads to a personal conflict, so you listen to their arguments and propose a compromise that will move the project forward. during which stage of team development does this scenario take place?
Storming stage of team development
What is storming team development stage ?Feelings
Members learn that the team can't fulfill all of their early excitement and expectations as they make progress toward their goals. Their attention may divert from the work at hand to feelings of annoyance or rage at the team's performance or procedure. Members could voice worries about falling short of the group's objectives. Members test the team's ability to deal with conflict and respond to disagreements during the storming stage.
Behaviors
Storming stage interactions could be less courteous than Forming stage interactions, with open expression of anger or disagreement about objectives, expectations, roles, and duties. Members may become frustrated with limitations that hinder their personal or team advancement; this dissatisfaction may be directed at other team members, the leadership of the team, or the team's sponsor. Team members may argue or start to question the group's initial mission or objectives during the storming stage.
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if the official unemployment rate is 8% and full employment is considered to be 5%, how much is the cyclical rate of unemployment?
If the official unemployment rate is 8% and full employment is considered to be 5%, the cyclical rate of unemployment is 3%.
The percentage of the labor force without a job is known as the unemployment rate. It is a lagging indicator, which means that rather than foretelling changes in economic conditions, it often rises or decreases in response to them. The unemployment rate is likely to increase when the economy is struggling and there are few open positions. It is reasonable to anticipate a decline in it when the economy is expanding healthily and there are plenty of available jobs.
With a few exceptions, the U.S. unemployment rate is announced on the first Friday of every month for the previous month.
On the Bureau of Labor Statistics website, you may access both the most recent and previous versions of the report (BLS).
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life, health, and retirement causes of loss areselect one:a. examples of speculative risks.b. insurable through private insurers.c. typically not definite or measurable.d. subject to moral and morale hazard problems.
Life, health, and retirement causes of loss are concerned with morale issues and moral hazards.
So, the correct option is D.
Insurance is frequently linked to the moral hazard issue because, once someone purchases insurance coverage for a specific type of harm, they are no longer motivated to take reasonable (effective) precautions to lower the likelihood of that harm happening. Though the terms moral hazard and moral hazard have very similar sounds and even somewhat similar meanings, there is a crucial distinction between them.
While both terms describe a shift in behavior related to risk, one implies some malice, whereas the other portrays a more benign evolution. You can maximize your retirement income and reduce investment taxes by using a strategic investing approach. In addition, you can get inexpensive, individualized service.
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Which robber baron is best known for consolidating carnegie steel and the national steel company into u. S. Steel in 1901?.
J. P. Morgan is best known for consolidating Carnegie steel and the national steel company into U.S. Steel in 1901.
Who was J. P. Morgan?The most notable accomplishment of J. P. Morgan is the 1901 merger of Carnegie Steel and the National Steel Company into U.S. Steel.J. P. Morgan, the nation's most prominent banker, combined Andrew Carnegie's Carnegie Steel Conglomerate with nine other steel businesses to create the greatest corporation in history early in 1901. The capitalization of the United States Steel Corporation, also referred to as U.S. Steel or just Big Steel, was $1.4 billion.Building the Carnegie Steel Corporation, Andrew Carnegie later gave away 90% of his wealth. After his family relocated to the US, Carnegie began working at the age of 13 as a bobbin boy in a cotton mill for $1.20 per week. He started out managing railroads and eventually moved into the steel industry to increase his wealth.Therefore, J. P. Morgan is best known for consolidating Carnegie steel and the national steel company into U.S. Steel in 1901.
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Travis international has a debt payment of $2.2 million that it must make 4 years from today. the company does not want to come up with the entire amount at that time, so it plans to make equal monthly deposits into an account starting 1 month from now to fund this liability. if the company can earn a return of 4.63 percent compounded monthly, how much must it deposit each month?
The amount of money that should be deposited each month is $41,806.52
How much should be deposited monthly?An annuity is when money is paid or received over a period of time. An ordinary annuity is when the payments occur at the end of the period.
The formula that can be used to determine the amount to be deposited each month is:
Present value = future value / annuity factor
Annuity factor = {[(1+r)^n] - 1} / r
Where:
r - monthly interest rate = 4.63 / 12 = 0.38583%n = number of periods = number of years x number of compounding period in a year = 4 x 12 = 48Present value = 2.2 million / [{(1.00386^48)-1} / 0.00386] = $41,806.52
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front-end loads charged by mutual funds: group of answer choices are expressed as a percentage of the net asset value. are charged on a contingent basis. are expressed in a manner that slightly understates them. are generally applied to all reinvested dividends. do not impact the return because they are included in the nav.
The correct answer is (B) are charged on a contingent basis.
Thus front-end loads charged by mutual funds are charged on a contingent basis.
When a mutual fund is purchased, a fee (often between 3% and 6% of the investment or occasionally a flat fee, depending on the source) is incurred. When a mutual fund investor redeems their investment, they are subject to a back-end load, also known as a contingent deferred sales charge.
a one-time sales fee that buyers of fund shares must pay. The fund typically uses it to pay out commissions to brokers. The amount available to purchase fund shares is decreased by a front-end load that is subtracted from the transaction.
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when an issuing company sells securities to primarily institutional investors and a small number of wealthy individuals, as opposed to the general investing public in an exempt offering, this is known as
when an issuing company sells securities to primarily institutional investors and a small number of wealthy individuals is known as a private placement
A private placement is the selling of stock or bonds to pre-selected individuals and institutions rather than to the general public. For a firm wanting to generate funds for expansion, it is an alternative to an initial public offering (IPO).
Private placement is classified into two types: preferred allotment and qualified institutional placement. A publicly traded firm can issue securities at a set price to a limited number of organizations, such as institutions or promoters.
The company can make a private placement of its securities after receiving approval from its shareholders for the proposed offer or invitation to subscribe to securities through the passage of a Special Resolution for each offer or invitation.
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a clause in a mortgage loan contract requiring the borrower to purchase homeowner's insurance is an example of a
A clause in a mortgage loan contract requiring the borrower to purchase homeowners insurance is an example of a Restrictive Covenant.
What is Mortgagee Clause?
An agreement between a mortgage lender (the mortgagee) and a supplier of property insurance is known as a mortgagee clause. By requiring the insurer to guarantee payouts when any claims covered by the property insurance policy are made, this sort of clause protects the lender from suffering financial losses in circumstances where the mortgaged property is harmed. Mortgagee terms may also be referred to as loss payee clauses or mortgage clauses.
If you damage the property and the insurance company cancels the coverage as a result, this clause will safeguard the lender.
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you purchased the stock of sargent motors at a price of $75.75 one year ago today. if you sell the stock today for $89.00, what is your rate of return?
The return that an investor can expect to earn by holding onto an investment for a predetermined amount of time without selling it is known as the holding period return.
The proportion corresponds to the ratio of the investment's return to its purchase price.
The total return received from holding an asset or portfolio of assets over a specified time period—known as the holding period—is referred to as the holding period return, and it is typically expressed as a percentage.
The total returns from the asset or portfolio—income minus changes in value—are the basis for the calculation of the holding period return.
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during the financial crisis it was proposed that firms be provided with a tax credit for investment projects. such a tax credit would
During the financial crisis it was proposed that firms be provided with a tax credit for investment projects. such a tax credit would lower the demand for loanable funds right and shift the supply of dollars in the market for foreign-currency exchange left.
What is investment?Financial crisis will encourage firms in the market to invest more and that will increase the demand for investment funds.
An asset or object purchased with the intention of generating income or appreciation is referred to as an investment. The term "appreciation" describes a rise in an asset's worth over time. When a person buys a product as an investment, they don't intend to use it right away; instead, they plan to use it to make money later on.
An investment is usually the use of a resource today—time, effort, money, or an asset—in the anticipation of receiving a larger return than what was first invested. A financial crisis, for instance, might be bought by an investor now with the hope that it would provide income later on or be sold for more money.
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Miora is concerned that lots of misinformation and gossip are swirling rapidly along her company’s grapevine. To reduce the negative effects of the grapevine, miora could?.
To reduce the negative effects of the grapevine, Miora could directly and honestly address the gossip via a rich medium.
Grapevine is a metropolis in Texas. It is recognized for its restored 19th- and 20th-century buildings. Many of those are on downtown's primary street, that's lined with restaurants, galleries, and stores. The Cotton Belt Railroad District is home to artisans’ workshops, together with a pitcher-blowing studio, a blacksmith, and a bronze foundry. The 1888 Cotton Belt Railroad Depot is the starting point of the Grapevine Vintage Railroad.
These moments define the town of Grapevine, a most reliable purchasing and eating destination inside the Dallas and fortress well worth place. Grapevine is called a veritable playground for wine enthusiasts due to the eight wineries that call the metropolis domestic.
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d. what is the deadweight loss created by the market equilibrium in the presence of the externality from social welfare perspective?
It is brought about by market inefficiency, which happens when supply and demand are not balanced. Deadweight loss refers to any deficit brought on by an ineffective resource allocation and is primarily utilized in economics.
A deadweight loss results from a market that is inefficient due to supply and demand being out of equilibrium. Deadweight losses are generally caused by an ineffective distribution of resources, which is brought about by a variety of interventions, including price ceilings, floors, monopolies, and levies. These elements make it so that a product's price is either overstated or understated, depending on how they affect the market.
The economy is typically negatively impacted when a product's price is not adequately displayed because it causes changes in consumer and producer behaviour.
When supply and demand are out of equilibrium, there is a deadweight loss, which results in an inefficient market. Market inefficiency arises when items are either overvalued or undervalued inside the market.
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bert engelhard, floor supervisor, told his workers that they should consider several factors in voting for or against the union. these factors are
The floor supervisor, Bert Engelhard, advised his staff to weigh a number of considerations before voting for or against the union.
These include economic factors, job unhappiness, the perception of union power, and the union's reputation.
What are economic factors?Economic considerations include commodity prices (oil, steel, gold, etc.), inflation, interest and exchange rates, and economic growth. These have an impact on both people's and organizations' purchasing power and discretionary spending.The presence of a viable market, affordable land, high plantation yields, well-developed plantation practices, a skilled labor force, strong research support, and a robust supporting infrastructure to ensure cost-effective delivery to markets are important factors.So, in the given situation Bert Engelhard, the floor supervisor recommended his colleagues to think carefully before supporting or opposing the union.
These include the union's reputation, job discontent, economic issues, and the sense of union authority.Therefore, the floor supervisor, Bert Engelhard, advised his staff to weigh a number of considerations before voting for or against the union.
These include economic factors, job unhappiness, the perception of union power, and the union's reputation.
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Reallocation of a retirement portfolio is important to maintain an appropriate level of risk over time. What general investment rule does old doc white recommend to help you reallocate your portfolio as you get older?.
Income stocks and blue-chip stocks would be best to recollect the portfolio as the person get older.
What are income stocks?Income stocks can be understood as equity financial securities that pay regular and predictable dividends. They are purchased to generate a steady stream of dividend flows.
Investors hope that the dividend flows will increase over time. Income stocks are typically derived from the real estate, energy, or utility industries. They are typically found in the ones above but the stocks can also be derived from any industry,
Income stocks are found in the real estate, energy, and utility industries.
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with interest rates rising, why do you believe purchasing a home can be one of the most stressful experiences for people? explain your answer.
While high interest rates typically have the opposite effect, low interest rates tend to promote property demand and raise prices.
How do interest rates affect home buying?They affect the price of real estate and how much we will have to spend to borrow money to purchase a property.While high interest rates typically have the opposite effect, low interest rates tend to promote property demand and raise prices. The cost of a property has increased due to higher mortgage rates, but there is less competition because of the decline in demand.This allows purchasers the chance to negotiate a lower purchase price, have closing expenses covered by the seller, or pay mortgage points to lower the high interest rates a little. So much so that 37% of respondents said it was more stressful than finding a job (28%), organizing a wedding (23%), or even having a child (18%) to buy a property.In the current housing market, purchasers still confront several difficult obstacles, including high property prices, high mortgage rates, and a dearth of available properties.However, the ferocious housing market rivalry of recent years has somewhat subsided.Buyers have greater freedom to bargain because there are fewer bidding battles.To learn more about interest in home refer
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Which of the four factors directly impact your total cost of using the credit card?.
Using credit cards and not paying them off on a regular basis can harm your credit.Aside from the high interest rate.
What is the impact of using credit cards?Using credit cards and not paying them off on a regular basis can harm your credit.Aside from the high interest rate. the biggest disadvantages of using credit when you don't have the cash to pay it off later include damaging your credit, straining relationships with family and friends, and, eventually, bankruptcy. The total cost of credit is the total amount that a borrower must pay for a loan.The total cost of credit is estimated by summing all costs (interest payments, fees, charges, commissions, and so on) that the borrower must pay over the life of the loan. When considering whether to approve your application for a new credit card, card issuers consider more than just your three-digit credit score. According to studies, you are more likely to spend using a credit card than with cash.However, careful credit card use delivers advantages that cash cannot equal.Many, if not all, of the products featured on this page are provided by our partners, who compensate us.To learn more about credit card refer
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Answer:
Annual fee, APR/interest rate,penalty fees,grace period
Explanation:
Conducting industry research, "googling" alternative solutions, and interviewing potential customers are all recommended practices for improving your creativity by?.
A product with sufficient functionality to draw early adopter clients is known as an MVP or Minimum Viable Product.
What is a Minimum Viable Product?The term "minimum viable product," or "MVP," refers to a product with just enough features to draw in early adopters and validate a product concept. In sectors like software, the MVP can assist the product team in gathering customer input as soon as possible so that they can iterate and enhance the product.The MVP is essential to agile development since the agile process is centered on validating and refining products based on user feedback.A minimum viable product (MVP) is the version of a new product that enables a team to gather the most validated learning about customers with the least amount of effort, according to Eric Ries, who popularized the idea as part of his Lean Startup process.To Learn more About MVP refer to:
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when the liabilities assumed by the corporation in a 351 transfer exceed the adjusted basis of the property transferred, the taxpayer is going to recognize a(n) to the extent of the excess.
Blank 1: gain the liabilities assumed by the corporation in a 351 transfer exceed the adjusted basis of the property transferred, the taxpayer is going to recognize a(n) to the extent of the excess.
Liabilities are any money owed to your organization, whether or not it's financial institution loans, mortgages, unpaid payments, IOUs, or every other amount of cash that you owe someone else. if you've promised to pay a person a sum of money in destiny and haven't paid them, that's a legal responsibility.
Legal responsibility is a time period in accounting this is used to explain any sort of economic responsibility that a business has to pay at the top of an accounting period to a person or a commercial enterprise. Liabilities are settled by using moving monetary benefits including cash, items, or services.
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glen's taxable income is $50,000 and he pays income tax of $6,754. if his income were $60,000, he would pay taxes of $8,954. what is glen's marginal tax rate? a.18.23% b.12.00% c.25.00% d.22.00% e.some other amount.
The marginal tax rate of glen would be 22%.
What is the marginal tax rate?The marginal tax rate is the amount of extra tax paid for every new dollar of income produced. The average tax rate is calculated by dividing total tax paid by total income received. A marginal tax rate of 10% indicates that 10 cents of every additional dollar earned is taxed.
Computation of Marginal tax rate of glen:
According to the given information,
Income = $50,000
Income tax = $6,754
Then, the glen's marginal tax rate, if his income would be $60,000 with the income tax is $8,954 is:
Marginal tax rate = ($8,954 – $6,754)/($60,000 – $50,000)
Marginal tax rate = 22%
Therefore, option D is correct.
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