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Sharmila Shrestha
Answers (4)
SS
Answered
Use Table A to complete Table B.
TABLEA On Taxable Income The Tax Rate Is Up to $27,05015.0% From $27,051 to $65,55027.5% From $65,551 to $136,75030.5% From $136,751 to $297,35035.5% Over $297,35039.1%\begin{array}{l}\text { TABLE}{A }\\\begin{array} { | l | l | } \hline \text { On Taxable Income } & \text { The Tax Rate Is } \\\hline \text { Up to } \$ 27,050 & 15.0 \% \\\hline \text { From } \$ 27,051 \text { to } \$ 65,550 & 27.5 \% \\\hline \text { From } \$ 65,551 \text { to } \$ 136,750 & 30.5 \% \\\hline \text { From } \$ 136,751 \text { to } \$ 297,350 & 35.5 \% \\\hline \text { Over } \$ 297,350 & 39.1 \% \\\hline\end{array}\end{array} TABLEA On Taxable Income Up to $27,050 From $27,051 to $65,550 From $65,551 to $136,750 From $136,751 to $297,350 Over $297,350 The Tax Rate Is 15.0%27.5%30.5%35.5%39.1% TABLE B Taxpayer Income Tax Amount Average Tax Rate John $52,700 Todd $132,500 Glen $237,000 Jake $315,250\begin{array}{l}\text { TABLE B }\\\begin{array} { | l | l | l | l | } \hline \text { Taxpayer } & \text { Income } & \text { Tax Amount } & \text { Average Tax Rate } \\\hline \text { John } & \$ 52,700 & & \\\hline \text { Todd } & \$ 132,500 & & \\\hline \text { Glen } & \$ 237,000 & & \\\hline \text { Jake } & \$ 315,250 & & \\\hline\end{array}\end{array} TABLE B Taxpayer John Todd Glen Jake Income $52,700$132,500$237,000$315,250 Tax Amount Average Tax Rate
TABLEA On Taxable Income The Tax Rate Is Up to $27,05015.0% From $27,051 to $65,55027.5% From $65,551 to $136,75030.5% From $136,751 to $297,35035.5% Over $297,35039.1%\begin{array}{l}\text { TABLE}{A }\\\begin{array} { | l | l | } \hline \text { On Taxable Income } & \text { The Tax Rate Is } \\\hline \text { Up to } \$ 27,050 & 15.0 \% \\\hline \text { From } \$ 27,051 \text { to } \$ 65,550 & 27.5 \% \\\hline \text { From } \$ 65,551 \text { to } \$ 136,750 & 30.5 \% \\\hline \text { From } \$ 136,751 \text { to } \$ 297,350 & 35.5 \% \\\hline \text { Over } \$ 297,350 & 39.1 \% \\\hline\end{array}\end{array} TABLEA On Taxable Income Up to $27,050 From $27,051 to $65,550 From $65,551 to $136,750 From $136,751 to $297,350 Over $297,350 The Tax Rate Is 15.0%27.5%30.5%35.5%39.1% TABLE B Taxpayer Income Tax Amount Average Tax Rate John $52,700 Todd $132,500 Glen $237,000 Jake $315,250\begin{array}{l}\text { TABLE B }\\\begin{array} { | l | l | l | l | } \hline \text { Taxpayer } & \text { Income } & \text { Tax Amount } & \text { Average Tax Rate } \\\hline \text { John } & \$ 52,700 & & \\\hline \text { Todd } & \$ 132,500 & & \\\hline \text { Glen } & \$ 237,000 & & \\\hline \text { Jake } & \$ 315,250 & & \\\hline\end{array}\end{array} TABLE B Taxpayer John Todd Glen Jake Income $52,700$132,500$237,000$315,250 Tax Amount Average Tax Rate
On Jun 20, 2024
Taxpayer Income Tax Amount Average Tax Rate John $52,700$11,111.2521% Todd $132,500$35,064.7526% Glen $237,000$71,949.7530% Jake $315,250$100,372.9032%\begin{array} { | l | l | l | l | } \hline \text { Taxpayer } & \text { Income } & \text { Tax Amount } & \text { Average Tax Rate } \\\hline \text { John } & \$ 52,700 & \$ 11,111.25 & 21 \% \\\hline \text { Todd } & \$ 132,500 & \$ 35,064.75 & 26 \% \\\hline \text { Glen } & \$ 237,000 & \$ 71,949.75 & 30 \% \\\hline \text { Jake } & \$ 315,250 & \$ 100,372.90 & 32 \% \\\hline\end{array} Taxpayer John Todd Glen Jake Income $52,700$132,500$237,000$315,250 Tax Amount $11,111.25$35,064.75$71,949.75$100,372.90 Average Tax Rate 21%26%30%32%
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Answered
A break-even point can be calculated either in units or in dollars of sales.
On Jun 17, 2024
True
SS
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An agency relationship can be created only for a lawful purpose.
On May 21, 2024
True
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Explain what is meant by an agent's fiduciary duty. Give three examples of how that fiduciary duty can be breached.
On May 18, 2024
Some examples from the text include: must disclose information, not take hidden commissions or kickbacks, always act in the principal's best interests, should not take advantage of opportunities that come through the agency position, must disclose any conflicts, can't act for two principals, can't purchase client's property being sold or sell property to principal without prior disclosure of personal interest, and can't operate in competition with the principal.