Explore BrainMass

# ATR

Not what you're looking for? Search our solutions OR ask your own Custom question.

This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

Suppose you currently earn taxable income of \$100,000 per year. You are subject to an MTR of 50%. Currently, your ATR is 35 percent. Calculate your annual tax. Calculate the extra tax that you would pay per year if your annual income increased to \$110,000. What is your ATR when your annual income is \$110,000?

#### Solution Preview

Suppose you currently earn taxable income of \$100,000 per year. You are subject to an MTR of 50%. Currently, your ATR is 35 percent. Calculate your annual tax. Calculate the extra tax that you would pay per year if your annual income increased to \$110,000. What is your ATR when your annual income is \$110,000?

To solve these problems, we'll use the equations for ATR(annual tax rate) and ...

#### Solution Summary

This solution shows how to calculate ATR, given a variety of financial information.

\$2.49