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dean111375
01.12.2021 •
Business
On July 31, Year 1, Tern Co. amended its single employee defined benefit pension plan by granting increased benefits for services provided prior to Year 1. This prior service cost will be reflected in the financial statement(s) for:.
A. Years before Year 1 only.
B. Year 1 only.
C. Year 1 and years before and following Year 1.
D. Year 1 and following years only.
Solved
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Ответ:
a
Explanation:
Ответ:
The marginal tax rate for the additional $6000 is 15.58%.
Explanation:
Arlene has a taxable income of $34,000.
Her tax liability is currently $4636.
Her income is to be increased by $6000.
Her tax liability will increase to $5571.
Marginal tax rate
=![\frac{change\ in\ tax}{change\ in\ taxable\ income}](/tpl/images/0281/9754/4d213.png)
=![\frac{5571 - 4636}{6000}](/tpl/images/0281/9754/42eb3.png)
=![\frac{935}{6000}](/tpl/images/0281/9754/122ae.png)
= 0.1558
So the marginal tax rate is 15.58%.