Premium Essay

Wsj 05

In: Business and Management

Submitted By dehappycamper
Words 599
Pages 3

Wall Street Journal: Assignment #5

This is an INDIVIDUAL assignment. Submit your answers in hardcopy at the beginning of class. Check the syllabus for the due date. Handwritten answers are NOT acceptable. Use Word to write your answers.

Chapter 7: Taxes 1. Assume you are offered a job with a salary of $40,000 and a bonus of 10% based on your performance during the year. a. If you receive your full bonus in year 1, what is your total (gross) pay for the year?

b. Assume you are filing under single status. Using the income tax table provided below, answer the following questions. a) SINGLE person (including head of household)— | If the amount of wages (after subtracting withholding allowances) is: | The amount of income tax to withhold is: | Not over $2,250........ | $0 | Over— | But not over— | of excess over— | $2,250 | —$11,325 | .. | $0.00 plus 10% | —$2,250 | $11,325 | —$39,150 | .. | $907.50 plus 15% | —$11,325 | $39,150 | —$91,600 | .. | $5,081.25 plus 25% | —$39,150 | $91,600 | —$188,600 | .. | $18,193.75 plus 28% | —$91,600 | $188,600 | —$407,350 | .. | $45,353.75 plus 33% | —$188,600 | $407,350 | —$409,000 | .. | $117,541.25 plus 35% | —$407,350 | i. What is your marginal tax rate?

ii. What is your average tax rate? First determine the actual tax withheld from your income.

iii. Why do the two tax rates vary? Explain why the US tax code is structured in this manner. Do you agree with this structure? Why or why not?

iv. Calculate your take-home pay using the pay in part 1.a. and the taxes calculated in part 1.b.ii.

v. Which is the relevant tax rate (marginal or average) as you consider whether or not you should work a second job to help you pay off your student loans more quickly? Why?

2. Your employer offers a 401k that you can...

Similar Documents

Free Essay


...Shaquille O’Neal Misiri J. Parker Jr. American Intercontinental University Shaquille O’Neal (Shaq) is a retired basketball player who played 19 seasons in the NBA, as one of the most dominating centers the world as ever seen. He played for teams such as the, Orlando Magic, Los Angeles Lakers, Miami Heat, Phoenix Suns, Cleveland Cavaliers, and the Boston Celtics. O’Neal was born in Newark, New Jersey on March 6, 1972. O’Neal didn’t achieve success over night, he had to face different obstacles to become one of the greats. Being raised without his biological father, cause of drug addiction and possession. The reason for selecting this individual is because I love the game of basketball. Shaq has been one of my favorite NBA players of all time. I’ve watched Shaq struggle on the court, but never off the court. I’m inspired to write a paper about one of the most dominating centers. One obstacle that Shaq had to face was money. Shaq was drafted by the Orlando Magic in 1992. He spent his first million that he earned within 30 minutes. Like most people, when you get a large sum of money you just want to go out and spend it, just like Shaq did. Not thinking about how to save or your future or if you can impact someone else’s life who may not have food to eat, or nowhere to sleep. Another obstacle Shaq had to face was his Los Angeles teammate Kobe Bryant. “It’s not about how much money you make; the question is are educated enough to keep it? (Shaquille O’Neal)” This......

Words: 353 - Pages: 2

Premium Essay

Better Man

...Becoming a Better Man Courtney Taylor Strayer University English Writing 090 November 29, 2012 Cynthia Gentry Becoming a Better Man The reason why I believe I am a better man is because one I have changed my attitude about life and the negativity of things. Second, I have come to the realization that it is not all about me anymore because I have my four year old daughter who is my world. Last, but not least I wanted a better way to provide for my daughter and myself , which was coming back to school to get more knowledge and a degree so I will have a firm paying job that will help reach the goals that I have put forth for myself. To begin, I must say my attitude about life was very frustrating. I looked at things as if the world owed me something. I never took the time to take into consideration how tender this life really is. We only get one life with limited opportunities in life. I had to get in my right mind by looking back on certain situations I was putting myself in and the outcome of those situations. I was looking at a short life for myself and a daughter without her father, which is a horrible thing for a young lady to grow up without. I had to get down and ask God to be my leader and to come on in and have His way. I believe that was the best move I could have made to begin this new journey to becoming a better man. I came into realization that these things about me were not what should be in my mind to be......

Words: 1062 - Pages: 5

Free Essay


...Conflict An issue everyone faces day on a daily basis is conflict, as it is inevitable. Conflict is a natural part of the environment, yet it is very difficult to understand. Conflict arises from a disagreement when groups have opposing goals and see the other party as interfering with their ability to reach a desired goal (“Organizational Conflict Scale: Reexamining the Instrument.” 16). A conflict can be minor or major. As well as positive or negative, depending on the way it is handled. An organization needs a minor amount of conflict as it helps boost performance and increase communication by creating a positive effect, known as a constructive conflict (“Organizational Conflict Scale: Reexamining the Instrument.” 8). The type of conflict that has a negative effect on an organization and causes damage is destructive conflict (“Organizational Conflict Scale: Reexamining the Instrument.” 8). The National Hockey League has had many conflicts over the past two decades which has cause tension and lockouts. There are different types of conflicts. In the NHL the conflict that arose was an inter-group conflict. An inter-group conflict is classified as disagreement among groups of people (Bauer 234). One example of this is a conflict between an employee union and management. The NHL lockout was a labor dispute between the NHL Players Union and the National Hockey League. The underlying causes were over the league revenue share between players and owners and rules on contracts......

Words: 586 - Pages: 3

Free Essay

Comparison Prewriting

...Comparison Prewriting Type your answers below each questions, and remember to use complete sentences. 1) Which topic have you chosen from the preapproved list? Which two main topics will you compare and contrast? I have to compare two athletes. I will compare and contrast the NBA players, Lebron James and Kobe Bryant. 2) Why have you chosen these two topics? Explain. I’ve chosen to write about Kobe Bryant and Lebron James because I feel that I will get more information about these two NBA players. They are both some well-skilled players that teenagers love even myself. 3) Which pattern of organization do you plan to use in your essay? Why? In the essay the first two will be background information stats. The rest of the essay will be comparing and contrast because you can really see the differences between these two outstanding players. 4) Which criteria do you plan to use in your essay? (AT LEAST FOUR) a. Background Information b. Stats c. Strengths and weaknesses on the court d. Training and work ethnic 5) Below, write a rough draft of your thesis sentence for this essay. Although Kobe and Lebron are different in many ways, they can compare in Stats and greatness. 6) Conduct some preliminary research, and write the Works Cited citations for TWO websites that you could use for this assignment. Lebron became an immediate NBA star player, skipped college school and joined the Cleveland cavaliers...

Words: 288 - Pages: 2

Premium Essay

Addidas Issues

...gained any profit from Reebok rather loss. As it states in the article that since the acquisition in 2006, Adidas has struggled to raise to power the brad, commercial irregularities have been caught and it has suffered through the NHL lockout. Buying companies may eliminate competition but can bring great loss to the company if the other company itself is doing midly poor. Source: Lastly but not least the sales have decreased in 2012. In Triple pundits progress report Adidas has failed to keep its promises to sale more and to change for 2015 speaking environmentally about society and where it does manufacturing. Source: In conclusion, Adidas is indenably one of the most successful...

Words: 315 - Pages: 2

Premium Essay

Work Breakdown Structure

...The National Hockey League (NHL), established in 1917, had not experienced a power struggle like it did when negotiating a new collective bargaining agreement (CBA) for the 2004-2005 season. Gary Bettman, Commissioner of the NHL, announced on February 16, 2005 that due to the inability to negotiate a new CBA with the National Hockey League Players’ Association (NHLPA), the 2004-2005 NHL season would be cancelled (Malhotra & Hout, 2006). The consequences of a lockout would be significant, including lost revenue for cities and the teams (an estimated two billion from ticket sales, media, sponsorship, concessions, and stadium bookings), employee layoffs, loss of fans who redirected their attention and spending to other avenues, and lost player salaries estimated at one billion. Regardless of the consequences, the reason to reach an agreement should have been for the fans who so faithfully followed the game and supported the players and the owners (Staudohar, 2005). The fans were out of luck; there were too many barriers to reaching a negotiated agreement prior to the start of the season. The main barrier to the negotiations was not having the wrong people negotiating, but the agenda of issues (Watkins, 2000). The powerhouses were power struggling, each unwilling to listen to or concede to the others views. For example, one barrier was NHL’s desire to address operating losses and what they viewed as an unstable financial condition by establishing a cap in salaries and linking......

Words: 391 - Pages: 2

Premium Essay

Mcdonald's Faces 'Millennial' Challenge

...8/30/2014 McDonald's Faces 'Millennial' Challenge - WSJ Dow Jones Reprints: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool at the bottom of any article or visit See a sample reprint in PDF format. Order a reprint of this article now BUSINESS McDonald's Faces 'Millennial' Challenge Customers in Their 20s and 30s Are Defecting to Fast-Casual Restaurants Like Chipotle, Five Guys By JULIE JARGON Aug. 24, 2014 9:05 p.m. ET McDonald's is trying to enhance its credibility with young customers by marketing more on digital channels and testing mobile ordering and payment. Associated Press Behind McDonald's Corp.'s worst slump in a decade is a trend that may augur even tougher times ahead: The Golden Arches is losing its luster with younger consumers. The world's largest restaurant company by revenue earlier this month reported its sharpest monthly decline in global same-store sales since early 2003, adjusted for calendar irregularities. In the U.S., with more than 40% of McDonald's 35,000-plus global locations, sales at restaurants open at least 13 months have been flat or falling for most of the past year. The hamburger giant on Friday announced it was replacing the head of its U.S. division for the second time in less than two years. The company tapped a former executive, Mike Andres, to take the......

Words: 1562 - Pages: 7

Premium Essay

Consumer Behavior

...concerns we have to deal when it comes to online shopping. Signage inconsistency is one of issues online. It usually happens when a consumer saw an ad on a retailer’s website, and he has been told on the ad to come down to local branch for more advantages or bonus. When the consumer actually got to the place mentioned on the ad, he just could not be sure if he is in the right place, because there are either no signs or anything that really watches the ad he saw online. So, it provides inconveniences to the consumer, and chances are the consumers might end up paying more money than shopping online. According to Paco Underhill, the consumer culture behind “Why We Buy” discussed all kinds of frustrations people have in “interview with the WSJ Digits blog”. The one he talked about is the price inconsistency. He just wonders why in the world online merchants are trying to sell the same product in retail stores for one price but yet another different price on their web. Is it because those online sellers think they can be able to out smart consumer or the buyers will never find out the dirty trick. Those activities will only end up more consumer frustrations, anger, because people will eventually discover this lie. Inventory consistency and customer service inconsistency are big problems. Sometimes people use the internet as their pre-shopping tool to search the exact product...

Words: 787 - Pages: 4

Premium Essay


...Week 3 WSJ Article Investors Punish Mexican Marketer After Earnings Miss; Company, known for flashy ads, spurs doubts about brands’ strength Genomma Lab Internacional is a consumer-good company based out of Mexico. It is known for its personal care items ranging from deodorants to hair shampoo. The company gets a lot of attention for the risqué television commercials that air on local airwaves which are also questionable in nature and ability. This has led to Mexico’s consumer-protection agency to review and fine Genomma for false advertising, as they cannot prove that their products can perform as they claim. Genomma “blames the fines on behind-the-scenes campaigns by less nimble competitors who complain to authorities after losing market share” (Guthrie, 2015, p. 3).In such a competitive world, a company’s brand image is crucial. “Sometimes a brand is memorable because of the little things” (Geller, 2012, p. 2). The little things are what gets the consumer’s attention. A company needs to make sure those little things are beneficial and not detrimental to their brand, otherwise, it can really hurt them. Genomma’s choice of flashy and exaggerated advertising, in both commercials and packaging, has made for some memorable branding, however, it may be costing them in brand equity. Sofia Robles, an analyst with Intercam, asserts that “the market has lost all confidence in the company” (as cited in Guthrie, 2015, p. 1). Investors are worried about the strength of the......

Words: 1000 - Pages: 4

Free Essay


...Economic Consequences of the Sarbanes-Oxley Act of 2002 Ivy Xiying Zhang* William E. Simon Graduate School of Business Administration Carol Simon Hall 4-312 University of Rochester Rochester, NY 14627 February 2005 I am grateful for the guidance of my dissertation committee, Bill Schwert, Charles Wasley, Ross Watts, and especially Jerry Zimmerman (Chairman). I also appreciate comments from Jim Brickley, Philip Joos, Andy Leone, Jerry Warner, Joanna Wu, Yan Cao, Ling Lei, Laura Liu, Tao Kuang, and workshop participants at the University of Rochester. All errors are my own. * Abstract This paper investigates the economic consequences of the Sarbanes-Oxley Act through a study of market reactions to legislative events related to the Act. I find that the cumulative abnormal return around all legislative events leading to the passage of the Act is significantly negative. The loss in total market value around the most significant rulemaking events amounts to $1.4 trillion. I then examine the private benefits and costs of major provisions of the Act by investigating the cross-sectional variation in market reactions to the rulemaking events. Regression results are consistent with the hypothesis that shareholders consider both the restriction of nonaudit services and the provisions to enhance corporate governance costly to business. The results also show that Section 404 of SOX, which mandates an internal control test, imposes significant costs......

Words: 28191 - Pages: 113

Free Essay

American Needle vs. the Nfl

...AMERICAN NEEDLE, INC. v. NATIONAL FOOTBALL LEAGUE et al. AMERICAN NEEDLE, INC. v. NATIONAL FOOTBALL LEAGUE et al. Background In January 2010, the Supreme Court weighed in on a case involving American Needle, Inc. versus the National Football League, et al. American Needle contended that the NFL was creating a monopoly, and restricting competition of head wear for the 32 teams that belonged in the NFL. Their argument was based in the fact that the NFL had awarded the manufacturing of all head wear to Reebok, and did not renew the American Needle, Inc. contract that was previously in effect. Because of this single award to Reebok for all NFL teams, American Needle, Inc could no longer produce head gear for any of the teams. American Needle, Inc felt that all the teams were individual entities and the NFL operating on their behalf was in direct violation of Section 1 of the Sherman Act which disallows unreasonable restraint on competition. The NFL argued that they were a single entity representing all the teams in the NFL and were not a monopoly because they did not restrict any one teams opportunities in business, simply negotiated on their behalf. Court Decision The Supreme Court sided with American Needle, Inc. and decided that all 32 teams in the NFL were significant and individual business entities. It indicated that the NFL teams compete in the sport of football, as well as in the marketplace and were therefore each individually potential clients for vendors.......

Words: 601 - Pages: 3

Premium Essay

Executive Summary of Htc

...NAME: SHIVANGI GUPTA SECTION:D ENROLLMENT NO. : A1506914057 ASSIGNMENT EXECUTIVE SUMMARY HTC transformed itself an ODM to one of the leading provider of telecommunication devices. Empowered with strong R&D the company enters market as a first movers with numerous innovations which prized the company with high growth and many recognitions. While innovations, partnership with giant brands, strong manufacturing facility its strength HTC also have weakness of producing pricy products, having weak shipment network, using stumble marketing strategy. Moreover, the company faces threats of intense rivalry from competitors, being substituted by cheaper products and patent. Despite all of this the Taiwanese company has many opportunities. HTC is a ‘Question Mark’ in BCG matrix. It experiencing high bargaining power from customer, low bargaining power from suppliers, medium threats of substitutes, high threat of new entrant, high competition from rivals. The company adopted growth strategy as corporate level strategy and differentiation as business level strategy. It also gives high priority in innovation strategies. Influenced by innovation strategy its organizational structure is organic. HTC should continue to produce innovative and cutting edge technology driven product to sustain its competitive advantage. It also should focuses on producing low end phones and penetrate more markets around the world. The company should produces wider categories of products and develop......

Words: 3037 - Pages: 13

Premium Essay

Yahoo Inc

...Introduction: Yahoo Inc. in the last three months has been in the news, and the news has not been about investment in research and development (R&D), new products introduction and shareholders’ value creation strategy. On November 24, 2015, Standard and Poor’s (S&P), a credit-rating firm announced the cutting of Yahoo rating outlook to negative (BB+) from stable citing the decline in revenue growth and higher cost of attracting traffic to its website (CNBC, November 24, 2015). The rate cut will increase the cost of capital, reduce profit and reduce shareholders wealth. On November 9, 2015, Reuter’s News reported the hiring of the consulting firm McKinsey & Co. The focus of the consulting firm was to assist with the reorganization of the company’s core business (Reuters, November 9, 2015). The decision was a surprise development to the shareholders in that the current management under the leadership of Ms. Marissa Meyer had been at the helms of Yahoo affairs for almost four years and had spent about $7 billion on R&D, Merger and Acquisition. The turnaround initiatives expected with Ms. Meyer’s appointment as the Chief Executive Officer has not come into being, for there has been a high turnover of senior executives. The board of directors and senior management has failed in their attempts to turn around the firm. Yahoo share price has declined year to date by 34% as of November 25, 2015, whereas its’ main competitors Facebook, Goggle, and......

Words: 2754 - Pages: 12

Premium Essay

Climate Change V. the Economy

...Climate Change vs. Economy Climate change has been a major topic of conversation and controversy around the world for many years before it was finally recognized as a global issue that must be dealt with immediately. According to the Environmental Protection Agency (EPA) climate change occurs due to the large amounts of carbon dioxide (CO2) emissions that throw off the balance of Earth’s natural carbon cycle. The human activity of combusting fossil fuels (coal, natural gas, and oil) for electricity and energy is the main source of CO2 emissions in the United States. Too much CO2 in the Earth’s atmosphere can become a danger to human, animal, and environmental health. Although there have been many conferences to seriously address this topic, a common solution has yet to be found as opposing opinions vary drastically. Scientists and environmentalists warn that if nothing is done about climate change, global warming will occur and will lead to irreversible damage. But finding a solution requires a large change in the Energy and Electricity Industry and will inevitably cost the government and the taxpayers a monstrous amount of money and the fear of losing jobs. Therefore the debate continues; does human activity really play a role in climate change and if so, is there an economically beneficial way of reaching a solution? The history of climate change dates back to the 19th century when physicist John Tyndall discovered the gases in our atmosphere and predicted that any......

Words: 3774 - Pages: 16

Premium Essay

Pay Student Athletes

...Vishal Patel English 104 April 26, 2012 Pay Student Athletes The word student-athlete refers to a student who is playing a sport in college and receiving scholarships in return. On the surface, most people sees great athletes getting a free education, but they deserve more than just free education such as extra rewards and benefits since the college, the conferences and the NCAA are making billions of dollars off of them. To be in a nationally televised game or making deep runs in tournaments can bring in a lot of money for the colleges and universities. But the colleges and the sponsors collect all of the profits and not a single penny goes to the student-athlete and that is unfair. Colleges and the NCAA are making these students basically their unpaid employees. The student-athlete put so much work into the current sport they are playing, in return they get nothing. In my opinion, the student athletes should get a stipend with the scholarship they are getting. The system of college sports is at fault; the student-athletes are making colleges and private companies billions of dollars while not getting anything for themselves. People do not see that the student-athletes have to go practice every day and only have a little time to study. According to Amy McCormick, a law professor at Michigan State, "Athletes don't have free choice of what major they take if the classes conflict with practice schedules. That’s one fact that flies in the face of the idea that they're......

Words: 3075 - Pages: 13