Question: Can you guys help me answer these questions Consider the table below. It shows a hypothetical income tax schedule, expressed in nominal terms, for the

Can you guys help me answer these questions

Can you guys help me answer these questions Consider the table below.

Consider the table below. It shows a hypothetical income tax schedule, expressed in nominal terms, for the year Family income Taxes due (percent of income) $20, 081-$38, 080 2 580 , 880 he legislature wants to ensure that families with a given real income are not pushed up into higher tax brackets by Instructions: To calculate the adjusted income tax, enter the percentage rate of inflation rounded to one decimal Rate of inflation between 2014 and 2016: ". To meet the legislature's goal. the income tax schedule for the year 2016 should be adjusted as shown in the your responses as whole numbers Less than Family income Tax rate The table below shows an income tax schedule, expressed in nominal terms, for the year 2014. 0.26 Family income Taxes due (percent of income ) $28 , 001- $30,008 Skipped 538, 081 $58, 808 * $88, 808 nflation. The CPI (times 100) is 185 in 2014 and 195 in 2016, income are not pushed up into his er tax brackets by Instructions: To calculate the adjusted income tax, enter the p inflation rounded to one decimal een 2014 and 2016: allowingthe legislature's goal, the income tax schedule for the year 2016 should be adjusted as shown in the your responses as whore inded rate of inflation when calculating the me tax schedule in the table below. Enter Family income Taxes due ( percent of income ) the following table lists the actual per gallon prices for unleaded regular gasoline for June of each year between Inflation rate and the change in the real price of gasoline, both from the previous year. points Skipped Gasoline price (5/gallon) CPI ( 1982 - 1984 = 1.08 ) 8.662 Instruct to some decimal place. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers . Real price of price of gasoline Inflation Frank is lending $1,000 to Sarah for return per year. ze that Frank should earn a 2 percent real 0.26 Instructions: Enter your responses as as whole numbers years. What nominal rate of interest shoulders e of interest should Frank charge garapan. it is expected to be 110 in one year and 121 in two The nominal rate of interest charged should be b. Suppose Frank and Sarah are unsure what the CPI will be in two years. How should Frank index Sarah's annual epayments to ensure that he gets an annual 2 percent real rate of return. Frank should charge Sarah[* [more than the inflation rate. IV percent per year. Frank is lending $1.000 to Sarah for two years. Frank and Sarah agree that Frank should earn a real return of 2 0.26 points nstructions: Enter your responses as whole numbers. . The CPI (times 100) is 100 at the time that Frank makes the loan. It is expected to be 114 in one year and 130 in wo years. What nominal rate of interest should Frank charge Sarah? he nominal rate of int . Suppose Frank and Sarah are unsure about what the CPI will be in two years. How should Frank index Sarah's annual repayments to ensure that he gets an annual 2 percent rate of return? rank should charge Sarah | more than | the inflation rate

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