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1 year ago

Aiden has a gross income of $63,000 and takes the standard deduction.

Mathematics

1 answer:

Digiron [165]1 year ago

7 0

a) Aiden's taxable income is $50,450.

The taxable income is equal to the gross income minus the standard deduction.

= $50,450 ($63,000 - $12,550).

b) Aiden's marginal tax rate = 22% (for taxable income falling under the income bracket of $40,526 to $86,375 for the tax 2021 year. It is assumed that Aiden is single.

c) Aiden's effective tax rate = 13.72%. The effective tax rate = total taxes due divided by Aiden's taxable income.

= 13.72% ($6,922/$50,450 x 100)

Related links on taxable income at brainly.com/question/1160723

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Answer:

The regression equation for the winter rainy days is "Humidity = (β0 + β5) + β1Temperature".

Step-by-step explanation:

Given:

Humidity = β0 + β1Temperature + β2Spring + β3Summer + β4Fall + β5Rain + ε ...........(1)

Since there can be only one of spring, summer,fall, and winter at a point in time or in a season, we will have the following when there are winter rainy days:

Spring = 0

Summer = 0

Fall = 0

Rain = 1

Substituting all the relevant values into equation (1) and equating ε also to 0, a reduced form of equation (1) can be obtained as follows:

Humidity = β0 + β1Temperature + (β2 * 0) + (β3 * 0) + (β4 * 0) + (β5 * 1) + 0

Humidity = β0 + β1Temperature + 0 + 0 + 0 + β5 + 0

Humidity = (β0 + β5) + β1Temperature

Therefore, the regression equation for the winter rainy days is "Humidity = (β0 + β5) + β1Temperature".

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Step-by-step explanation:

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Answer:

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Step-by-step explanation:

Formula for compounded semiannually

$Amount = P(1 + \frac{r}{2} )^{2t}$

Where P is the principle , r is the rate in decimal form and t is the time.

As given

Michael arthur deported $2,900 in a new regular savings account that earns 5.5 percent interest .

Here

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5.5% is written in the decimal form.

$= \frac{5.5}{100}$

= 0.055

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Put in the formula

$Amount = 2900\times (1 + \frac{0.055}{2} )^{2\times 1}$

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Answer:

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Step-by-step explanation:

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