The top player on the Crabs is Hanson Edelmann and they eam $189,500 per season. Assuming...

  

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The top player on the Crabs is Hanson Edelmann and they eam $189,500 per season. Assuming this is their entire income answer the following questions using the table above: What is their total income taxes? $ What is their marginal income tax rate (As a Percentage)?% What is their average tax rate, Assume($42500 for Income Tax)?% Answer the following questions regarding conceming Elasticity (3 Points) 1. What is the total revenue if there are 4920 tickets sold at a price of $2775 2. If tickets prices have an Elasticity of Demand of 1.69 and we increase prices by 11%, what is the percent change in quantity? % 3. What would happen to total revenue we Increase prices by 11%? Increase Decrease No Change O Uncertain Bottom of Bracket 50 $45,077 $90,154 157,770 Top of Bracket $45,077 $90,154 $157,770 Rest of Income Rate 16% 21% 23% 30% The top player on the Crabs is Hanson Edelmann and they eam $189,500 per season. Assuming this is their entire income answer the following questions using the table above: What is their total income taxes? $ What is their marginal income tax rate (As a Percentage)?% What is their average tax rate, Assume($42500 for Income Tax)?% Answer the following questions regarding conceming Elasticity (3 Points) 1. What is the total revenue if there are 4920 tickets sold at a price of $2775 2. If tickets prices have an Elasticity of Demand of 1.69 and we increase prices by 11%, what is the percent change in quantity? % 3. What would happen to total revenue we Increase prices by 11%? Increase Decrease No Change O Uncertain Bottom of Bracket 50 $45,077 $90,154 157,770 Top of Bracket $45,077 $90,154 $157,770 Rest of Income Rate 16% 21% 23% 30%

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Income Taxes Total income taxes Based on the tax table if 189500 is Hanson Edelmanns entire income and falls under the Rest of Income category then he ... View the full answer