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Licemer1 [7]
2 years ago
13

Eric's income puts him in the second tax bracket (15%) last year. During the same year, he earned $515 in dividends and $65 in c

oupons on a municipal bond. In March, he purchased a common stock for $200. He sold the same stock six months later for $915. What is the total Eric will pay in taxes on last year's investments?
Mathematics
1 answer:
mina [271]2 years ago
4 0

Answer: $184.50

Step-by-step explanation:

Eric’s income puts him in the second tax bracket which has 15%, tax rate.

Eric has the following income-

Income from dividends = $515 what ch is (taxed at 15%)

Therefore; tax on dividend income = $515 * 15%

= $515 × 15/100

= $515 × 0.15

= $77.25

The Income from municipal bonds = $65 (Not taxed)

The income from sales of stock (capital gain)= $915 - $200 = $715 (This is held for less than 1 year therefore it is taxed as ordinary income at 15% tax rate)

Therefore,the tax on the short-term capital gain

= $715 * 15%

= $715 × 0.15

= $107.25

Therefore the total amount Eric will pay in taxes on last year’s investment will be:

= tax on dividend income + the tax on short-term capital gain

= $77.25 + $107.25

=$184.50

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For which of the following counts would a binomial probability model be reasonable? a. The number of traffic tickets written by
timama [110]

Answer:

c. The number of 7's in a randomly selected set of five random digits from a table of random digits.

True, for this case we have a value fixed for n =5 and the probability is defined for each number 1/10 assuming numbers (0,1,2,3,4,5,6,7,8,9) so then the random variable "The number of 7's in a randomly selected set of five random digits" can be modelled with the binomial probability function.

Step-by-step explanation:

Previous concepts

The binomial distribution is a "DISCRETE probability distribution that summarizes the probability that a value will take one of two independent values under a given set of parameters. The assumptions for the binomial distribution are that there is only one outcome for each trial, each trial has the same probability of success, and each trial is mutually exclusive, or independent of each other".

Solution to the problem

Let X the random variable of interest, on this case we now that:

X \sim Binom(n, p)

The probability mass function for the Binomial distribution is given as:

P(X)=(nCx)(p)^x (1-p)^{n-x}

Where (nCx) means combinatory and it's given by this formula:

nCx=\frac{n!}{(n-x)! x!}

The conditions to apply this distribution is that we have the parameters fixed n and p.

Let's analyze one by one the possible solutions:

a. The number of traffic tickets written by each police officer in a large city during one month.

False, the number of traffic tickets written by each police is not a fixed amount always, so then the value of n change and we can't apply a binomial model for this case.

b. The number of hearts in a hand of five cards dealt from a standard deck of 52 cards that has been thoroughly shuffled.

False, not all the hands of size 5 are equal and since we can't ensure this condition then the binomial model not apply for this case

c. The number of 7's in a randomly selected set of five random digits from a table of random digits.

True, for this case we have a value fixed for n =5 and the probability is defined for each number 1/10 so then the random variable "The number of 7's in a randomly selected set of five random digits" can be modelled with the binomial probability function.

d. The number of phone calls received in a one-hour period.

False, the number of phone calls change by the hour and is not always fixed so then we don't have a valu for n, and the binomial model not applies for this case.

e. All of the above.

False option C is correct.

5 0
2 years ago
The cost for a company to manufacture x bracelets can be represented by the function C(x). Complete the sentence below using the
gizmo_the_mogwai [7]
The cost for a company to manufacture "x".... 
These statements tell you what X is. (The word cost refers to what the function will tell us. In other words C(x) = The Cost for the Company)) 

So as we keep going the problem goes onto: 
.... bracelets
So the number of bracelets is X. 

The function is: C(x) 

And how functions work are quite simple. You plug in a number (x) and get out a number (y).

So, C(256) = 1536

So, they made 256 bracelets at a cost of 1536 dollars. 

This is no different than if I said the function was: 
C(x) = 6x
And then asked, what would the function equal when x = 256. It's the same thing, so don't let it trip you up! 

Answer 1: 1536$
Answer 2: 256

3 0
3 years ago
Read 2 more answers
Jorge is scheduled to work 36 hours this week. He has already worked 27.25 hours. How much more hours does gorge have to work th
lesantik [10]

Answer:

Step-by-step explanation:

Beth earns $54 per day and $10 for each extra hour she works. Ray earns $60 per day and $8 for each extra hour he puts in. They both work five days a week. The equations show their weekly earnings with respect to how many extra hours they work.

Beth: y = 270 + 10x

Ray: y = 300 + 8x

This system is graphed below.

6 0
2 years ago
An engineering school reports that 53% of its students were male (M), 35% of its students were between the ages of 18 and 20 (A)
erik [133]

Answer: Our required probability is 0.65.

Step-by-step explanation:

Since we have given that

                      18-20                  Not 18-20           Total

Male                0.23                    0.35                 0.58

Female            0.16                     0.26                0.42

Total                0.39                    0.61                   1

P(female or between 18-20) = P(female) + P(18-20) - P(Female and 18-20)

P(female or between 18-20) =  0.42+0.39-0.16

P(female or between 18-20) = 0.65

Hence, our required probability is 0.65.

3 0
2 years ago
Consider the following problem: A farmer with 950 ft of fencing wants to enclose a rectangular area and then divide it into four
Alina [70]

Answer:

Step-by-step explanation:

(a)

Suppose we came up with an ideology whereby we pick a value for the length including the length dividing the inside into 4 parts(5 parallel sides), then we can get the value for breath by using the following process.

Let assume the length of the rectangle is 50;

Then, the breath can be calculated as follows:

= 50 × 5 = 250   ( since the breath is divided into 5 parallel sides)

The fencing is said to be 950 ft

So, 950 - 250 = 700

Then divided by 2, we get:

= 700/2

= 350

So for the first diagram; the length = 50 and the breath = 350

The area = 50 × 350 = 17500 ft²

Now, let's go up a little bit.

If the length increase to 100;

Then 100 × 5 = 500

⇒ 950 - 500 = 450

⇒ 450/2 = 225

The area = 225 × 100 = 22500 ft²

Suppose the length increases to 150

Then 150 × 5 = 750

⇒ 950 - 750 = 200

⇒ 200/2 = 100

The area = 150 × 100 = 15000 ft²

The diagrams for each of the outline above can be seen in the image attached below.

(b) The diagram illustrating the general solution can be seen in the second image provided below.

(c) The expression for  the total area A in terms of both x and y is:

Area A = x×y

(d) Recall that:

The fencing is said to be 950 ft.

And the length is divided inside into 5 parallel sides;

Then:

5x + 2y = 950  (from the illustration in the second image below)

2y  = 950 - 5x

y = \dfrac{950}{2} - \dfrac{5}{2}x

y = 475- \dfrac{5}{2}x

(e)

From (c); replace the value of y in (d) into (c)

Then:

Area A = x×y

f(x)= x\times ( 475 -\dfrac{5}{2}x)

Open brackets

f(x)= ( 475 x-\dfrac{5}{2}x^2)

(f)

By differentiating what we have in (e)

f(x)= ( 475 x-\dfrac{5}{2}x^2)

f'(x)= ( 475 (1)-\dfrac{5}{2}(2x))

f'(x)= 475 -5x

\implies  475 = 5x

x = 475/5

x = 95

From (d):

y = 475- \dfrac{5}{2}x

y = 475- \dfrac{5}{2}(95)

y =237.5

∴

Area A = x × y

Area A = 95 × 237.5

Area A = 22562.5 ft²

5 0
2 years ago
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