Calculate the 2017 total tax for Gordon​ Geist, a single taxpayer without dependents and no itemized deductions. He has active income of ​$44 comma 000​, a​ short-term capital gain income of ​$2 comma 800 from the sale of​ stock, and ​$7600 from book royalties. What is​ Gordon's average tax​ rate?

Answers

Answer 1

Answer:

15.32%

Explanation:

Note: Attached as picture below is the missing table

Total gross income = Active income + Capital gains + Book royalty = $44,000 + $2,800 + $7,600 = $54,400

Standard deduction = $6,350

Exemption = $4,050

Taxable income = Total gross income - Standard deduction - Exemption = $54,400 - $6,350 - $4,050 = $44,000

Income tax due:

Over 37,950 but not over 91,900 - 5,226.25 plus 25% of the excess over 37,950

Income tax due = 5,226.25 + 25%*(44,000 - 37,950)

Income tax due = 5,226.25 + 25%*6050

Income tax due = 5,226.25 + 1512.5

Income tax due = $6,738.75

Average tax rate = Income tax due/Taxable income

Average tax rate = $6,738.75/$44,000

Average tax rate = 0.15315341

Average tax rate = 15.32%

Calculate The 2017 Total Tax For Gordon Geist, A Single Taxpayer Without Dependents And No Itemized Deductions.

Related Questions

Bank of Norasmus is one of the few banks that provides credit to disadvantaged communities. These loans are used for housing, small business creation, and education or personal development. Such an organization is said to be involved in _____.

Answers

Answer:

Socially responsible investing

Explanation:

Such an organization is said to be involved in socially responsible investing. Socially responsible investing is a type of investing that seeks to consider both social good and financial returns which are considered positive by the participants. This is also termed impact on investing. This investing encourages those practices which promote human rights, gender diversity, consumer protection, and also the environment.

do this document and I will give you 100 points send it back to me completed all the directions are on here.

Answers

Answer:

I like chicken

Explanation:

D. now suppose instead that domestic tire producers in the united states convince the government to impose a tariff (tax) on imported tires with the goal of doubling the quantity of domestic tires produced compared to the quantity supplied at the world price. how large would the tariff need to be to achieve this goal?

Answers

Answer: Protective tariff; Revenue

Explanation:

What are some examples of how debt can be a good thing?
exposed brotherbro :>

Answers

Answer:

It can be good

Explanation:

I got not email long I and I will be there for you to come and see you again and I hope that we will have to get the name of our team and to be unconstitutional

Which of the following is a section found in most business plans?

A. Crowdfunding
B. Bank account information
C. Legal requirements
D. Target market

Answers

Answer:

D. Target market

Explanation:

Enjoy the response

Out of the choices provided above, the legal requirements and target market are the sections generally found in most of the business plans. Therefore, the options C and D hold true.

What is the significance of a business plan?

A business plan can be referred to or considered as a plan that is a part of the functions of management of the business process throughout their entirety of operations. Planning is the first and foremost step in business operation.

A business plan includes the key elements that revolve around the operations to be carried out by a business organization. The legal requirements and target market are taken into consideration while making a business plan.

Therefore, the options C and D hold true and state regarding the significance of business plan.

Learn more about a business plan here:

https://brainly.com/question/15826679

#SPJ2

Bank Of The North (B of N) gave out large loans to many of their customers. After reviewing the bank’s records, B of N sees that the bank is now below the Federal Reserve’s minimum reserve requirement. A member bank, Helper Bank, has excess reserves. B Of N borrows enough money from Helper Bank to reach their reserve requirement. The rate of interest that B of N will pay to Helper Bank for the loan is the ________ rate.a. intrabank b. institutional c. federal funds

Answers

Answer:

c. federal funds

Explanation:

As this case is concerned, Bank Of The North pay the interest to Helper Bank for the loan as per the Federal Fund rate.

Federal fund rate is the rate of interest on which one bank gives short term or overnight loan to other banks. The interest rate at which federal funds are being borrowed and lent is known as the federal fund rate. This rate is set based on the principle of demand and supply. For instance, if the demand is higher than the supply, this rate will go up.

WILL GIVE BRAINLY PLEASE HELP
Question 8 (3 points) Nick is the head coach for a college football team. He oversees 9 assistant coaches and 85 players. What skill would be useful to Nick in his job? Nick enjoys learning how things work. Nick is good at motivating others Nick is artistic and loves to draw​

Answers

a skill that would be useful for nick in his job is good problem solving, communication, and team work since he has to work with many people everyday and watch over them!

Answer:

Nick is the head coach for a college football team. He oversees 9 assistant coaches and 85 players. What skill would be useful to Nick in his job?

Question 2 options:

Nick enjoys learning how things work.

Nick is good at motivating others.

Nick works well with his hands.

Nick is artistic and loves to create things.Nick is the head coach for a college football team. He oversees 9 assistant coaches and 85 players. What skill would be useful to Nick in his job?

Question 2 options:

Nick enjoys learning how things work.

Nick is good at motivating others.

Nick works well with his hands.

Nick is artistic and loves to create things.Nick is the head coach for a college football team. He oversees 9 assistant coaches and 85 players. What skill would be useful to Nick in his job?

Question 2 options:

Nick enjoys learning how things work.

Nick is good at motivating others.

Nick works well with his hands.

Nick is artistic and loves to create things.Nick is the head coach for a college football team. He oversees 9 assistant coaches and 85 players. What skill would be useful to Nick in his job?

Question 2 options:

Nick enjoys learning how things work.

Nick is good at motivating others.

Nick works well with his hands.

Nick is artistic and loves to create things.Nick is the head coach for a college football team. He oversees 9 assistant coaches and 85 players. What skill would be useful to Nick in his job?

Question 2 options:

Nick enjoys learning how things work.

Nick is good at motivating others.

Nick works well with his hands.

Nick is artistic and loves to create things.Nick is the head coach for a college football team. He oversees 9 assistant coaches and 85 players. What skill would be useful to Nick in his job?

Question 2 options:

Nick enjoys learning how things work.

Nick is good at motivating others.

Nick works well with his hands.

Nick is artistic and loves to create things.

Explanation:

when the price of good is RS4 the demand for the good is 25 units if the price increses to RS5 the demand falls to 15 units claculate the price elasticity

Answers

Price Elasticity = % Change in quantity demanded / % Change in Price

Original demand - New demand =
25 - 15 = 10

10/ 25 = 0.4%

Original price - New price =
4 - 5 = -1

-1/4 = -0.25%

0.4%/-0.25%
= -1.6

Price Elasticity = -1.6 %

Tony Manufacturing produces a single product that sells for $ 110. Variable costs per unit equal $ 30. The company expects total fixed costs to be $ 84 comma 000 for the next month at the projected sales level of 2 comma 700 units. In an attempt to improve​ performance, management is considering a number of alternative actions. Each situation is to be evaluated separately. Suppose management believes that a $ 80 comma 000 increase in the monthly advertising expense will result in a considerable increase in sales. Sales must increase by​ ________ to justify this additional​ expenditure? A. 1 comma 047 units B. 728 units C. 1 comma 050 units D. 1 comma 000 units

Answers

Answer:

Increase in units= 1,000 units

Explanation:

First, we need to calculate the current income:

Net income= total contribution margin - fixed costs

Net income= 2,700*(110 - 30) - 84,000

Net income= $132,000

Now, we the company should gain at least the same income to justify the increase in marketing expenses:

Increase in fixed costs= $80,000

Increase in units= increase in fixed cost / unitary contribution margin

Increase in units= 80,000 / 80

Increase in units= 1,000 units

Net income= 3,700*80 - 164,000

Net income= $132,000

4. Mrs. Derry is a retired receptionist living on a fixed income in a small apartment. Her power was recently cut-off because she’s been forgetting to pay her bill lately. She has trouble getting to the grocery store because her son took away her car after a few minor accidents. What organizations in your community might help Mrs. Derry to enjoy her retirement years?

Answers

Answer:

Explanation:

A retirement home organization would be the best option in this scenario to help Mrs. Derry enjoy her retirement years. These organizations provides all of the day to day help that an elderly person would need in order to live happily. This includes help with groceries, paying bills, cooking, driving, etc. Any and all tasks that the individual is not fully capable of doing anymore. These organizations also provide housing for retired individuals, making it easier to help them enjoy their retirement even more.

The four-drive theory recommends keeping all four drives in balance; that is, organizations should avoid too much or too little opportunity to fulfill each drive.


A. True

B. False

Answers

Answer : I believe this statement is true

An individual has utility function U(x)=x1/4U(x)=x1/4 for salary, and is considering new job offer which pays $80,000 with a bonus. The bonus will be $0, $10,000, $20,000, $30,000, $40,000, $50,000, or $60,000, each with equal probability. What is the certainty equivalent of this job offer?

Answers

Answer:

108,280.22

Explanation:

Certainty equivalent is solved by taking the inverse utility function from the expected utility of a random wealth variable

U(x) = x^1/4

U^-1(x) = x^4

U^-1(x) === x^4

CE(x) = x^4

Salary   Bonus   Total income   U(x)= x^(1/4)       P(x)        U(x)*P(x)

80000       0          80000               16.82                1/7             2.4

80000    10000     90000               17.32                1/7            2.47

80000    20000    100000              17.78                1/7            2.54

80000    30000    110000               18.21                 1/7            2.6

80000    40000    120000              18.61                 1/7            2.66

80000    50000    130000              18.99                1/7            2.71

80000    60000    140000              19.34                1/7             2.76

Sum                                                                                             18.14

CE(x) =  18.14^4

CE(x) = 108280.22

So therefore,  the certainty equivalent of this job offer is 108,280.22

To help the team be successful, project managers need to understand the stages of project team development so that they can employ different leadership strategies in response to the behavioral characteristics of the team as they move through each stage of team development.

Answers

Answer:

True

Explanation:

In order to help the team to be successful the project managers first understand the stages of the project team development in order to adopt various kinds of leadership strategies that responded to the behavior attributes of the team as they need to pass from each and every stage of the team development

Therefore the given statement is true

how was the halftime show yesterday

Answers

I’m my opinion this has been the best one in like the pasted two year and also in my opinion the need a country person to sing at halftime.

how does supply and demand factor into ticket prices

Answers

Tickets are things you use to go into theme parks

Refer to the accompanying table below. The marginal benefit of the 5th unit of
activity is:
Units of Activity
0
1
2
3
4
5
6
Total Cost
$0
$30
$40
$60
$100
$150
$210
Total Benefit
$0
$100
$160
$190
$210
$220
$225
O A) $44
B) $50

Answers

Answer:

huh am stuck this question

The marginal benefit of the 5th unit of activity is $50.

The marginal benefit refers to the change in the overall benefit at the time when the extra unit of the commodity should be consumed.

The following formula should be used:

= Total benefit of 5th unit - Total benefit of 4th unit

= $150 - $100

= $50

Therefore we can conclude that the marginal benefit of the 5th unit of activity is $50.

Learn more about the cost here: brainly.com/question/13910351

A wealthy customer is very satisfied with her registered representative. She approaches the representative to ask him if he would like to be appointed as trustee over a trust account that she is establishing for her 2 grandchildren. If he accepts, he would be paid a trustee fee. Which statement is TRUE about this?


A. The registered representative cannot act as the trustee because he already manages another account for the customer

B. The registered representative cannot act as the trustee because he cannot accept a trustee fee

C. The registered representative cannot act as the trustee because of the conflict of interest

D. The registered representative can act as the trustee without restriction

Answers

Answer:

C.

Explanation:

In this scenario, the statement that is true is that the registered representative cannot act as the trustee because of the conflict of interest. A registered representative is technically a fiduciary to the client, which means that they must always perform actions that are of the client's best interests. If the representative started getting paid a part of a client's asset's fee then it would be conflicting with his duties because he would also be benefiting from the financial actions he is performing which may lead to performing an action that is not necessarily in the client's best interest.

1:
Default
2
3
Question 1 (6.66 points)
What will a business typically do next after it reviews applications and resumes for a
position?
5
6
8
9
Interviews are scheduled.
Set up at a job fair.
11
12
They post a job opening.
Schedule meetings with department heads.

Answers

Answer:

Interviews are scheduled.

Explanation:

Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed.

Generally, the category of people who are seeking employment or willing to change their job usually submit an application to job vacancies (positions) that are being posted by various companies or organizations.

After a business reviews applications and resumes for a position, what it would do next is to schedule an interview with the job applicants (candidates) that were selected because their skills and experience matches the minimum requirements of the business.

The interview process typically involves assessing the knowledge and skills set of all of selected the job candidates so as to enable the human resources manager (interviewer) pick the best candidate for the job.

HELP PLS!!! If a customer is dissatisfied and disgruntled, a customer service profession should act as an intermediary,
negotiating understanding between the customer and the company.
O False
O True

Answers

Answ er:

Explanation:

Answer:

false

Explanation:

WILL GIVE BRAINLIEST!!

Businesses supply goods and services to the marketplace because they have the right ___.
to earn a profit
of free enterprise
of private property
of competition
of freedom of choice

Answers

Answer:

Explanation:

Of free enterprise

Select a product, either a good or service, that you consider to be in the decline phase of the Product Life Cycle. Discuss some of the options the company has for dealing with this product. What do you think is the best option, and why do you think so?

Answers

Answer:

Explanation:

just want points

Which of the following are examples of reportable incidents? choose all that apply


a healthcare provider’s unexplained absence


a malfunctioning heart monitor


a patient asking for additional pain medication


a healthcare provider failing to respond to a patient’s alarm

Answers

Answer:

a healthcare provider failing to respond to a patient’s alarm

a malfunctioning heart monitor

a healthcare provider’s unexplained absence

Answer:

a b d

Explanation:

Question 6 of 10
Which of the following speeds will produce lowest miles per gallon?
A. 75 mph
B. 45 mph
C. 85 mph
D. 55 mph

Answers

I believe D : ) hope it helps

Suppose that Defenestration decides to pay a dividend of only $2 per share this year and use the remaining $2 per share to repurchase stock. If Defenestration maintains this dividend and total payout rate, then the rate at which Defenestration's dividends and earnings per share are expected to grow is closest to what?

Answers

Answer:

Missing word "Defenestration Industries plans to pay a $4.00 dividend this year and you expect that the firm's earnings are on track to grow at 5% per year for the foreseeable future. Defenestration's equity cost of capital is 13%."

P0 = dividend payout per share/ (k-g)

Where g is firms earning growth = 5% or 0.05

And k is the cost of capital = 13% or 0.13

Therefore P0 = $4 / (0.13 -0.05) = $50

But if the payout is $2 per share and $2 per share is used to repurchase stock then to get the price of the stock in one year given the current price of $50.00, dividend at $2 and the 13% cost of capital we get

$50 = $2 + X / (1.13)

Therefore x = $54.5

At a current price of $50, we can expect that Defenestration Industries stock to sell for $54.50 immediately after the firm pays the dividend in one year

Therefore the growth is (54.5 -50)/50 = 9%

Why is it good to be organized?

Answers

Answer:

its good to be organized to feel like you have your life together. it makes it easier to find things and makes you feel less stressed and anxious when the area youre in is organized and clean

Because when you are organized things are easier, you have an organized sleep schedule and your school things and papers are organized so it's easier to know where everything is. Also when you are organized you'll notice some things would run smoother than it would when you aren't organized. But you have to want to be organized.

Select a product, either a good or service, that you consider to be in the decline phase of the Product Life Cycle. Discuss some of the options the company has for dealing with this product. What do you think is the best option, and why do you think so?

Answers

Answer:The product example in the declining phase is the Sony VCRs

Explanation:Decline phase is reached when sales and profits of a product fall.it is therefore characterised by rate of change to consumers tastes and rate by which new prosucts reach the market.

Company can deal with the product at a declining phase in the following ways:

1.The company can aid by reducing the promotional expenditure

2.The company can opt to reducing the number of distribution outlet that deal with sales of the products

3.The company can concentrate on the price cuts so that they can obtain customers who van purchase their products

4.The company can look upon the alternative use of the product.

Best option is maintaining the product , in a way rejuvenating it so that we ad features to it so that we can find its alternative use.

Celia's firm has developed a breakfast cereal targeted toward children. Rather than compete in the mature U.S. market, she has decided instead to introduce the product in Europe, where she feels it will be innovative. Her advertising agency urged caution because__________.


a. print media are different in Europe, and it would be difficult to create a global campaign.

b. advertising regulations differ in other countries, including advertising to children.

c. domestic advertising agencies cannot earn commissions on advertising they place overseas.

d. research indicates that European children do not eat breakfast as often as American children.

e. literacy rates are significantly lower in Europe, and print ads would be ineffective.

Answers

Answer:

b. advertising regulations differ in other countries, including advertising to children.

Explanation:

Cecilia decided tolo introduce the her cereal advert in Europe, where she feels it will be innovative.

Thai was done to avoid competing in the mature U.S market.

It will be important for Cecilia to consider the advertising regulations on Europe.

There can be differences in what is considered appropriate in an advertisement in Europe.

She will need to ensure the content of her adverts complies with what is deemed appropriate content in Europe

Why might a manager for a non-profit organization seem as concerned with his or her organization's financial well-being as a for-profit manager?

a. Non-profit managers are evaluated on financial performance only.

b. Non-profit managers try to give the illusion that they care about the "bottom line."

c. Not-for-profit organizations need to make money to continue operating.

d. Non-profit organizations have an obligation to turn a profit.

Answers

Answer:

c. Not-for-profit organizations need to make money to continue operating.

Explanation:

Non-profit organisations mainly focus on meeting their set objectives for example ensuring education is provided to poor children, health services reach the less privileged in society, and so on.

On the other hand for profit organisations mainly focus on turning a profit for the benefit of the business owners.

The manager for a non-profit organization will be as concerned with his or her organization's financial well-being as the for profit manager.

This is because non- profit organisations tend to have a tight budget and they will need to effectively manage resources available to them to ensure they keep functioning.

The psychology of getting along well with others is known as: a) human emotions ) human relations b) human understanding d) human characteristics​

Answers

Answer:

human relations

Explanation:

Suppose that Chillmax Company now sells both pairs of shoes and fabric carryalls. The pairs of shoes are priced at $60 and have variable costs of $21 each. The carryalls are priced at $36 and have variable costs of $9 each. Total fixed cost for Chillmax as a whole equals $91,500 (includes all fixed factory overhead and fixed selling and administrative expense). Next year, Chillmax expects to sell 3,500 pairs of shoes and 875 carryalls.

Required:

1. Form a package of shoes and carryalls based on the sales mix expected for the coming year.

Answers

Answer:

The package of shoes and carryalls based on the sales mix expected for the coming year is:

= 4:1

Explanation:

a) This means for every 4 shoes, there is 1 carryall.

b) Data:

Company-wide Fixed costs = $91,500

Unit price of a pair of shoes = $60

The variable cost = $21

This gives a contribution to the fixed cost = $39 ($60 - $21) per unit

Unit price of carryalls = $36

The variable of carryalls = $9

This gives a contribution to the fixed cost = $27 ($36 - $9) per unit

Estimated quantity of pairs of shoes to be sold next year = 3,500

Estimated quantity of carryalls to be sold next year = 875

The ratio of shoes to carryalls = 3,500:875

= 3,500/875

= 4:1

The sales mix for Chillmax Company refers to the proportion of the company's total sales for each type of product sold (pairs of shoes and carryalls).

Other Questions
- 9 + x = 11 x =___ help Calculate the value of the sample variance. Round your answer to one decimal place. 9_5,9_5,2,9_5 a sample of matter breaks down into two kinds of atoms. Was the original sample an element or a compound? Is this acceleration away, acceleration back , constant speed back, constant speed away, constant speed (or velocity), or constant negative acceleration (decreasing speed or velocity ) at a constant rate? Bill bowled 3 games at a bowling alley and rented shoes, spending a total of $9.00. LeAnn bowled 5 games at the bowling alley and rented shoes,spending a total of $14.00. How much does it cost to bowl a game?A. $2.50B. $2.80C. $1.50D. $3.00Please help!!! Where did the idea for the 6th amendment of the constitution come from? What's slope Line pass through( 14, 4)( 21, 6 BRAINLIEST FOR ANSWER PLEASE HURRY A fair charges an admission fee of 2 dollars for each person. Let a be the cost of admission (in dollars) for P people. Write an equation relating c to p. Ashlyn and her friends are making gingerbread houses. They need to divide 28 packages of gumdrops between 7 friends. There are 25 gumdrops in each package. How many gumdrops will each friend get? A horse can run at a top speed of 18 1/5 miles in 1/3 hour. What is the unit rate of the top running speed of a horse in miles per hour? a.Clare wrote the inequality - 12x +100 225, where x represent the amount Kirantakes out each month. What does - 12x represent? please help me i will give brainliest:/ In the following pictograph, how many books has Group 3 read?18251512 What observations did you make when the hydrochloric acid and zinc were combined? solve: |2x-1| 4x+3 Given: Refer to "President John F. Kennedy's Speech at Rice University." What is President Kennedy's purpose in addressing the public at Rice University? What was a resolt of the conquesy of constantinople?Suleyman 1 gained power.The byzantine empire fell.Muslims split into sunni and shia.The ottomans expanded into Europe What was the authors purpose of writing "As many of these as I could I converted into teachers"