4. A small town has been cryogenically frozen since 2014.When they thaw out, they want to...

4. A small town has been cryogenically frozen since 2014.When they thaw out, they want to know how their tax rates have changed after the Tax Cuts and Jobs Act of 2017. In all cases assume the standard deduction is taken and personal exemptions are taken for everyone in the household.a. Mo earns $90,000. He is a single filer. What is his average tax rate in 2014 versus in 2019?b. Elaina earns $90,000. She is married, and files as a married couples filing jointly with her spouse who earns no income. What is her average tax rate in 2014 versus in 2019? c.Meriam earns $90,000. She files as a head of household with four dependents. What is her average tax rate in 2014 versus in 2019?d. Based on this example, what demographic has benefitted the most from the changes in the Tax Cuts and Jobs Act of 2017?

Expert Solution

Note _There no deduction provisions for dependent in either old lax or new law hence here the mariam will be taxed as single filer.

jeff jeffy answered 4 months ago

As has been played out since its inception, the use of the Patriot Act has been...

As has been played out since its inception, the use of the Patriot Act has been controversial on many levels, yet it has also proved to be a useful tool in fighting terrorism, and preventing another large-scale attack on American soil. Some see it as an absolute infringement on long-treasured civil liberties in the United States, while others see it as an absolute necessity to deal with the reality of modern terrorism. Taken as a whole, how do you feel...

The economy has been officially out of the worst recession since the Great Depression for 10...

The economy has been officially out of the worst recession since the Great Depression for 10 years. In August, personal consumption expenditure increased by .1% which is a smaller increase than in the previous months where the personal consumption expenditures increased by .5% per month. How does the change in aggregate expenditures in August affect the aggregate expenditures, GDP, and employment? How does that compare to the changes in consumption in the previous months? Investment spending in August fell by...

Question 4 Lin is a hairdresser at a salon in a small town. In each of...

Question 4 Lin is a hairdresser at a salon in a small town. In each of the following situations, explain Lin's type of job market situation with as much detail as possible, i.e. whether Lin is employed or unemployed and, if unemployed, what kind. a) The local economy is in a minor recession and the salon lays Lin off. The owner assures her that she will be rehired when business picks up again. Lin waits to be re-hired. b) A...

. A small town has 5600 residents. The residents in the town were asked whether or...

. A small town has 5600 residents. The residents in the town were asked whether or not they favored building a new bridge across the river. You are given the following information on the residents' responses, broken down by gender: Men Women Total In Favor 1400 280 1680 Opposed 840 3080 3920 Total 2240 3360 5600 A) What is the probability of a randomly selected resident being In a Woman? B) What is the probability that a randomly selected resident...

1. A small town has 5600 residents. The residents in the town were asked whether or...

1. A small town has 5600 residents. The residents in the town were asked whether or not they favored building a new bridge across the river. You are given the following information on the residents' responses, broken down by gender: Men Women Total In Favor 1400 280 1680 Opposed 840 3080 3920 Total 2240 3360 5600 A) What is the probability of a randomly selected resident being a Woman? B) What is the probability that a randomly selected...

1. A small town has 5600 residents. The residents in the town were asked whether or...

1. A small town has 5600 residents. The residents in the town were asked whether or not they favored building a new bridge across the river. You are given the following information on the residents' responses, broken down by gender: Men Women Total In Favor 1400 280 1680 Opposed 840 3080 3920 Total 2240 3360 5600 A) What is the probability of a randomly selected resident being a Man? B) What is the probability that a randomly selected resident is...

Matheson's car was damaged when a hurricane hit the town he lived in. But since his...

Matheson's car was damaged when a hurricane hit the town he lived in. But since his car was insured, it was restored. What kind of insurance can help restore Matheson's car after it has been damaged by the hurricane? A. comprehensive insurance B. automobile liability insurance C. uninsured motorist coverage D. collision insurance

the number of fire engines available to extinguish fires in a small town is two. When...

the number of fire engines available to extinguish fires in a small town is two. When a fire occurs it occupies one fire engine for a full day. If the occurence of fires is Poisson distributed with a mean of 0.7 per day, what is the probability that a fire will occur for which no engine is available?

When half of the consumers in a small town move away, the markets for different goods...

When half of the consumers in a small town move away, the markets for different goods and services will generally experience a: Lower equilibrium price and lower equilibrium quantity. Lower equilibrium price and higher equilibrium quantity. Higher equilibrium price and lower equilibrium quantity. Higher equilibrium price and higher equilibrium quantity.

Ernestina has been operating a small retail store called “Look and Pick” selling shoes since 2010....

Ernestina has been operating a small retail store called “Look and Pick” selling shoes since 2010. In 2015 she sought to expand her operations due to a rise in demand for the shoes. She approached Abigail and Williams, who are her friends and bankers to invest in the business. After some weeks of due diligence, they invested in the business with an expectation of increased returns on their investment. Although, there exist internal controls in the business, it is deficient....

Question

4. A small town has been cryogenically frozen since 2014.When they thaw out, they want to...

Solutions

Expert Solution

Related Solutions

As has been played out since its inception, the use of the Patriot Act has been...

The economy has been officially out of the worst recession since the Great Depression for 10...

Question 4 Lin is a hairdresser at a salon in a small town. In each of...

. A small town has 5600 residents. The residents in the town were asked whether or...

1. A small town has 5600 residents. The residents in the town were asked whether or...

1. A small town has 5600 residents. The residents in the town were asked whether or...

Matheson's car was damaged when a hurricane hit the town he lived in. But since his...

the number of fire engines available to extinguish fires in a small town is two. When...

When half of the consumers in a small town move away, the markets for different goods...

Ernestina has been operating a small retail store called “Look and Pick” selling shoes since 2010....