Hillary is thinking of asking her husband Bill to go back to…

Hillary is thinking of asking her husband Bill to go back to work. They had taxable income this year of $150,000. Bill was offered paid speaking engagements that would add up to about $90,000. Calculate the marginal rate on the additional income using the following tax rate schedule information: Income of $19,050 -$77,400               tax is $1,905+12% of the amount over $19,050 Income of $77,400 – $165,000            tax is $8,907 +22% of the amount over $77,400 Income of $$165,000 – $315,000        Tax is $28,179 +24% of the amount over $165,000

The Fayetteville Library is planning a large addition. They…

The Fayetteville Library is planning a large addition. They were able to get an additional property tax passed on all Air BNB and other short term rental properties in the city of Fayetteville. This tax will be discontinued as soon as enough is collected to fund the library addition. This is an example of :