LuettswMceholmaliy LuettswMceholmaliy

16-01-2017
Mathematics

Answered

Cwhat is the implied tax (i.

e., tax/average income) on the highest quintile?

Verified Answer :

Anonymous Anonymous

23-01-2017

The answer is derived from the top quintile LOSS of 101,800 which is due to taxes in other words this is the taxes paid. Therefore, the taxes paid divided by the average income of 170,000 or shown as 101,800/170,000 = .5988 which rounds to .60 or 60% implied tax rate.

Answer Link

Related Questions

Do you guys think there is another earth in a different galaxy

Economic growth is a in the nations production of goods and services onetime increase continual increase continual decrease

Solve the following equations 236x9 212x4 32y1412y34

Who created the Three Emperors League in 1872 which combined Germany Russia and AND the Triple Alliance of Germany ital and

Find the length of a diagonal of a rectangle ABCD with vertices A 3 1 B 1 3 C3 1 and D 13

Factor the sum of terms as a product of the gcf and sum 60 72

Why did states establish republican forms of government

how are radioactive isotopes used to determine the absolute age of igneous rock name to radiometric methods that are used

The idea of total war existed in all countries involved in World War I For example countries used to determine how much food rubber gasoline and other items eac

In which of the following sentences do the subject and verb agree A We all feels incredibly lucky to have Mr Hampton as a mentor B A lack of discipline make act

Web Analytics