Hi, can someone please help me fill in these blanks? I do not know what goes there. Also, the top part is the example my teacher gave but i'm not sure how she got those.

 

thanks

 Image transcription text

Probability of the scenario occurring: If Tax Rate is: If Tax Rate is: If Tax Rate is: ncome Scenarios Taxable Income 7% 5% 3% ncome Increases by 5% 2100000 0.05 0.10 0.15 ncome Remains the Same 2000000 0.15 0.20 0.15 ncome Decreases by 5% 1900000 0.10 0.05 0.05 Probability of the scenario occurring: If Tax Rate If Tax Rate If Tax Rate is 9%, taxes is 7%, taxes is 5%, taxes owed: owed is: owed is: Income Scenarios Taxable Income 9% 7% 5% Income Increases by 7% 28,890,000 Income Remains the Same 27,000,000 Income Decreases by 7% 25,110,000 

Transcribed Image Text:

Probability of the scenario occurring: If Tax Rate is: If Tax Rate is: If Tax Rate is: ncome Scenarios Taxable Income 7% 5% 3% ncome Increases by 5% 2100000 0.05 0.10 0.15 ncome Remains the Same 2000000 0.15 0.20 0.15 ncome Decreases by 5% 1900000 0.10 0.05 0.05 Probability of the scenario occurring: Income Scenarios Income Increases by 7% Income Remains the Same Income Decreases by 7% Taxable Income 28,890,000 27,000,000 25,110,000 If Tax Rate If Tax Rate If Tax Rate is 9%, taxes is 7%, taxes is 5%, taxes owed: 9% owed is: 7% owed is: 5% Probability of the scenario occurring: If Tax Rate is: If Tax Rate is: If Tax Rate is: ncome Scenarios Taxable Income 7% 5% 3% ncome Increases by 5% 2100000 0.05 0.10 0.15 ncome Remains the Same 2000000 0.15 0.20 0.15 ncome Decreases by 5% 1900000 0.10 0.05 0.05 Probability of the scenario occurring: Income Scenarios Income Increases by 7% Income Remains the Same Income Decreases by 7% Taxable Income 28,890,000 27,000,000 25,110,000 If Tax Rate If Tax Rate If Tax Rate is 9%, taxes is 7%, taxes is 5%, taxes owed: 9% owed is: 7% owed is: 5%

Answer rating: 100% (QA)

For example if the taxable income increases by 5 to 2100000 and the tax rate is 7 you would ... View the full answer