answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alisha [4.7K]
2 years ago
10

A country is considering two income tax rates. Geoffrey is comparing what his tax bill would be under each plan. Under plan A, h

e pays 5% on the first $10,000. The next $85,000 is taxed at a rate of 10%. Any money earned above $95,000 is taxed at 15%. He made $98,000 last year. Which statement below is correct?
   Plan A Tax Rates                                 
x  $10,0005%$10,000  x  $95,00010%x > $95,00015%
Plan B Tax Rates

All levels of income

10%

CHOICES:
He would pay approximately $350 more under plan B.He would pay approximately $1,925 more under plan B.He would pay approximately $5,700 more under plan A.He would pay approximately $4,900 more under plan A.
Mathematics
2 answers:
Nataliya [291]2 years ago
7 0
The total tax rate for each plan is computed below:
Plan A= [5%(10000)]+[10%(85000)]+[(15%(3000)]
Plan A= $9450
For Plan B, tax is computed at 10% across all earnings
Plan B= 10%x(98000)
Plan B= $9800
Difference = Plan B-Plan A=($9800-$9450)
                   = $350
From the computed tax rate in each plan. Plan B will pay $350 more than Plan A.

AURORKA [14]2 years ago
5 0

Answer:

A

Step-by-step explanation:

You might be interested in
The National Center for Education Statistics would like to test the hypothesis that the proportion of Bachelor's degrees that we
agasfer [191]

This question involves the hypothesis test for the proportion. First we build the hypothesis, then find the test statistic, and according to the test statistic, we get the following answer:

The conclusion for this hypothesis test would be that because the absolute value of the test statistic is less than the critical value of 1.645, we do not reject the null hypothesis that the proportion of Bachelor's degrees that were earned by women equals 0.60.

The National Center for Education Statistics would like to test the hypothesis that the proportion of Bachelor's degrees that were earned by women equals 0.60

This means that at the null hypothesis, it is tested if the proportion is of 0.6, that is:

H_0: p = 0.6

At the alternative hypothesis, we test if the proportion is different of 0.6, that is:

H_1: p \neq 0.6

Decision rule:

Two-tailed test(test if the proportion is different of a value), so we exclude the top and bottom 0.1/2 = 0.05, meaning that looking at the z-table, we find a critical value of |Z_c| = 1.645, and the decision rule is:

Accept the null hypothesis: |Z| < 1.645

Reject the null hypothesis: |Z| > 1.645

Test statistic:

z = \frac{X - \mu}{\frac{\sigma}{\sqrt{n}}}

In which X is the sample mean, \mu is the value tested at the null hypothesis, \sigma is the standard deviation and n is the size of the sample.

0.6 is tested at the null hypothesis:

This means that \mu = 0.6, \sigma = 0.4

75 out of a sample of 140:

This means that:

n = 140, \pi = \frac{75}{140} = 0.5357

Value of the test statistic:

z = \frac{X - \mu}{\frac{\sigma}{\sqrt{n}}}

z = \frac{0.5357 - 0.6}{\frac{\sqrt{0.6*0.4}}{\sqrt{140}}}

z = -1.55

So |z| = 1.55

Decision:

The conclusion for this hypothesis test would be that because the absolute value of the test statistic is less than the critical value of 1.645, we do not reject the null hypothesis that the proportion of Bachelor's degrees that were earned by women equals 0.60.

For a similar example, you can check brainly.com/question/24166849

7 0
2 years ago
If the total unit cost of manufacturing Product Y is currently $36 and the total unit cost after modifying the style is estimate
luda_lava [24]

The question is incomplete. The question is asking whether the given statement is TRUE or FALSE.

Answer:

The given statement is FALSE.

Step-by-step explanation:

Given:

Total unit cost of manufacturing product Y is, C_{man}=\$36

Total unit cost after modifying the style is, C_{mod}=\$48

So, the differential cost for this situation is given as the difference of the modifying cost and manufacturing cost.

Therefore, the differential cost is given as:

\textrm{Differential cost}=C_{mod}-C_{man}\\\textrm{Differential cost}=\$48-\$36=\$12

Hence, the given statement is false and the correct value for differential cost for this situation is $12.

7 0
2 years ago
What value should going to the empty boxes to complete the calculation for finding the product of 0.98×0.73? both numbersare the
jeyben [28]

Answer:

Missing same value is 0.02

Step-by-step explanation:

Instead of multiplying big decimal numbers we put short cut by making 0.98 as a difference of near integer and one decimal.

i.e 0.98 =1-0.02

Since 0.02 is the same for other also other term

0.73 = 0.75-0.02

Now product can be done very easily.

Steps are shown below:

0.98x0.73

= (1-0.02) (0.75-0.02)

= 0.75 -0.02(1+0.75)+0.0004

= 0.7504-(0.035)

= 0.7154

=0.44

8 0
2 years ago
Which are steps in the process of completing the square used to solve the equation 3 – 4x = 5x2 – 14x? Check all that apply. 3 =
Galina-37 [17]
B)3 = 5x2<span> – 10</span><span>x
D)</span>8 = 5(x2<span> – 2</span>x<span> + 1)
G)</span><span>  = (</span>x<span> – 1)</span><span>2</span>
4 0
2 years ago
Read 2 more answers
A car rental firm has the following charges for a certain type of car: $25 per day with 100 free miles included, $0.15 per mile
Eddi Din [679]

y = 25 + 0.15x is the equation for relating the cost y to the number of miles x that you drive the car

<em><u>Solution:</u></em>

Let "y" be the total cost of car rental

Let "x" be the number of miles you drive the car for more than 100 miles

<em><u>A car rental firm has the following charges for a certain type of car:</u></em>

$25 per day with 100 free miles included, $0.15 per mile for more than 100 miles

<em><u>Suppose you want to rent a car for one day, and you know you'll use it for more than 100 miles</u></em>

Therefore,

Car is rented for one day

You will use it for more than 100 miles

Therefore, equation is framed as:

Total cost = $ 25 + 0.15(number of hours)

Total\ Cost = 25 + 0.15x\\\\y = 25 + 0.15x

Thus the equation for relating the cost y to the number of miles x that you drive the car

7 0
2 years ago
Other questions:
  • Describe the rays of an angle that measures 1/2 turn
    7·2 answers
  • The polynomial 8x2 – 8x + 2 – 5 + x is simplified to 8x2 – gx – h. What are the value of g and h?
    9·2 answers
  • Chuck chooses an investment plan that requires him to make a one-time investment of $10,000, and then equal monthly investments
    11·2 answers
  • The volume of water remaining in a hot tub when it is being drained satisfies the differential equation dV/dt = −3(V)^1/2 , wher
    15·1 answer
  • Consider the words typically associated with geometry. Are there any words that would be hard to precisely define? What words ca
    14·2 answers
  • Rita promises her daughter on her 12th birthday that she will give her $12,000 for college on her 18th birthday. How much does R
    12·2 answers
  • The top of a building is 65 meters away from a spot located 16 meters away from the foot of the building. What is the height of
    9·1 answer
  • A decorator wants to line the bottom of 3 drawers with paper. If the bottom of each drawer measures 36 inches by 20 inches, how
    11·1 answer
  • Joe bought some CD's and DVD's at the store.
    9·1 answer
  • A frog is sitting exactly in the middle of a board that is five feet long. Every ten seconds he jumps one foot to the left or on
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!