Alan and Sara Winthrop are a married couple who file a joint income tax return. They have two children, so they claim a total of 4 exemptions ($4,050 for each exemption). In addition, they have legitimate itemized deductions totaling $25,750. Their total income from wages is $271,300. Assume the following tax table is applicable: ? Married Couples Filing Joint Returns ? ? If Your Taxable Income Is You Pay This Amount on the Base of the Bracket Plus This Percentage on the Excess over the Base Average Tax Rate at Top of Bracket Up to $18,650 $0.0010.0%10.0%$18,650-$75,900 1,865.0015.0 13.8 $75,900-$153,100 10,452.5025.0 19.4 $153,100-$233,350 29,752.5028.0 22.4 $233,350-$416,700
52,222.5033.0 27.1 $416,700-$470,700 112,728.0035.0 28.0 Over $470,700 131,628.0039.6 39.6 ? What is their average tax rate? ?
A. 22.28%
B. 19.38%
C. 22.95%
D. 23.84%
E. 16.71%
Answer: A
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At 3M, the "Pollution Prevention Pays" program has generated over 9,000 ideas that eliminated more than 3.5 billion pounds of air, water, and solid-waste pollutants from the environment. This is an example of
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A firm is considering four projects with the following PIs, NPVs, and Costs
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_____ is a management tool that explicitly shows how a firm will acquire and use the resources needed to achieve its goals over a specific time period.
A. Outsourcing B. Benchmarking C. Budgeting D. Auditing