You are a single taxpayer and your annual income is $175,000. Marginal tax rate is 28%. Calculate the total taxes that you owe the federal government for the year. Also calculate your average tax rate (ATR). How does it compare with the marginal tax rate in your income tax bracket? What is the reason for this relationship?
The New York Times recently purchased the popular word game Wordle…
The New York Times recently purchased the popular word game Wordle for more than $1 million. Before the purchase the game was offered for free. There is speculation that the New York Times may soon begin charging a fee to play the game. What kind of good is Wordle? Take