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Suppose that the utility function for two
commodities is given by U = x2 y3 and the budget constraint is 10x + 15y = 250. Find the values of x and y that maximize utility
Betty, a married taxpayer, makes the following gifts during the current year (2021): $20,000 to her church, $100,000 to her daughter, and $40,000 to her husband.
What is the amount of Betty's taxable gifts for the current year (assuming she does not elect to split the gifts with her spouse)? (To arrive at taxable gifts, a $15,000 annual exclusion is allowed per done for 2021. Complete all input fields. Enter a "0" for any zero amounts.)
Total gift given Taxable gift
Gift to daughter
Gift to husband
Contribution to church
Total
Cathy, a married taxpayer, makes the following gifts during the current year (2021): $18,000 to her church, $66,000 to her daughter, and $21,000 to her husband.
What is the amount of Cathy's taxable gifts for the current year (assuming she does not elect to split the gifts with her spouse)? (To arrive at taxable gifts, a $15,000 annual exclusion is allowed per done for 2021. Complete all input fields. Enter a "0" for any zero amounts.)
Total gift given Taxable gift
Gift to daughter
Gift to husband
Contribution to church
Total
Jill and Gary are married and file a joint return. They expect to have $180,000 of taxable income in the next year and are considering whether to purchase a personal residence that would provide additional tax deductions of $36,000 for mortgage interest and real estate taxes.
What is their marginal tax rate for purposes of making this decision?
What is the tax savings if the residence is acquired?
Married, Filing Joint and Surviving Spouse
If taxable income is: The tax is:
Not over $19,900 10% of taxable income.
Over $19,900 but not over $81,050 $1,990.00 + 12% of the excess over $19,900.
Over $81,050 but not over $172,750 $9,328.00 + 22% of the excess over $81,050.
Over $172,750 but not over $329,850 $29,502.00 + 24% of the excess over $172,750.
Over $329,850 but not over $418,850 $67,206.00 + 32% of the excess over $329,850.
Latesha, a single taxpayer, had the following income and deductions for the tax year 2021.
Compute Latesha's taxable income and federal tax liability for 2021 (round to dollars and ignore the qualified business income deduction and self-employment taxes for this problem).
Salary $100,000
Business income $25,000
Interest income from taxable bonds $10,000
Interest income from tax-exempt bonds $5,000
Total income from whatever source derived $140,000
Minus: Exclusions, as provided in the tax law
Interest income from tax-exempt bonds -($5,000)
Gross income $135,000
Minus: Deductions for Adjusted gross income
Business expenses $?
Adjusted gross income (AGI) $?
Minus: Deductions from AGI:
Account name? $?
Account name? $?
Taxable income $?
Tax $?
Latesha, a single taxpayer, had the following income and deductions for the tax year 2021.
Compute Latesha's taxable income and federal tax liability for 2021 (round to dollars and ignore the qualified business income deduction and self-employment taxes for this problem).
Salary $100,000
Business income $25,000
Interest income from taxable bonds $10,000
Interest income from tax-exempt bonds $5,000
Total income from whatever source derived $140,000
Minus: Exclusions, as provided in the tax law
Interest income from tax-exempt bonds -($5,000)
Gross income $135,000
Minus: Deductions for Adjusted gross income
Business expenses $?
Adjusted gross income (AGI) $?
Minus: Deductions from AGI:
Account name? $?
Account name? $?
Taxable income $?
Tax $?
Empirical economics growth contribution of Solow growth model, model strength and weakness and main conclusion
1. Strength and weakness of Solow growth model and it contribution to empirical economics growth model.2. main conclusion of the model
Reflecting on the above situation justify whether the Government of Pakistan should opt for expansionary or contractionary fiscal policy as a stabilization policy. Also illustrate it graphically.
Reflecting on the above situation justify whether the Government of Pakistan should opt for expansionary or contractionary fiscal policy as a stabilization policy. Also illustrate it graphically.
#331389 on Nov 2022