Jurisdiction M imposes an individual income tax based on the following schedule.RateIncome bracket5%$-0- to $50,000+ 8%$50,001 to $200,000+ 12%$200,001 and above Which of the following statements is false?
A. If Mr. Bell's taxable income is $519,900, his marginal tax rate is 12%.
B. If Ms. Vern's taxable income is $188,000, her average tax rate is 7.2%.
C. If Ms. Lui's taxable income is $33,400, her average tax rate is 5%.
D. None of the choices are false.
Answer: D
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Answer the following statement true (T) or false (F)
Mellon Corporation The data presented below is for Mellon Corporation for the year ended December 31, 2016: Sales (100% on credit) $1,500,000 Sales returns 60,000 Accounts Receivable (December 31, 2016) 250,000 Allowance for Doubtful Accounts [Credit Balance] (Before adjustment at December 31, 2016 3,000 Estimated amount of uncollectible accounts based on an aging analysis 31,000 Refer to the
information for Mellon Corporation. If Mellon uses the aging of accounts receivable approach to estimate its bad debts, what will be the net realizable value of its accounts receivable after the adjustment for bad debt expense? a. $216,000 b. $219,000 c. $222,000 d. $250,000
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Indicate whether the statement is true or false
Which of the following is true?
A. Independent, venture-capital-based start-ups by entrepreneurs tend to outperform corporate start-ups significantly. B. Corporate ventures become profitable twice as fast as independent ventures. C. Independent entrepreneurs find difficulty in maintaining a long-term commitment. D. New ventures started within a corporation performed better than those started independently by entrepreneurs.