Lecture 6 - 77%" +1.: sic 40W WWW - _ v) ‘ 04 Isl/H...

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Unformatted text preview: 77%" +1.: sic 40W WWW - _ v) ‘ 04 Isl/H Rm! (91)“ em Mauve. 265% «$333M. waemofim ' 0445'- 5/14 Units oi'composi’te good - FIGURE 4.14 Choosing Among Cellula ,T ‘ hone Plans. . u ' Un Ve_r Plan}, e consumer pays ‘ $30 afidah"lTSe the telephone up to 200 minutes at no extra charge. If he makes more calls, he r must pay $0.10 for each extra minute. His budget line is there- ' ' fore MRT. Wit®pays W‘ ‘ g $60 and can use t e e ephone K up to 1,000 minutes at no extra \ « ‘ ’ charge. If he makes more calls, he \. ‘ BUdget [me 1 f must pay $0.10 for each extra minute. His budget line is there- fore NSV. The optimal choice will .. l.-.;;;«W depend on the indifference map. 0 ' 200 . ‘ - ' 1,000 1,100 1,600 ' \ With the indifference map in the v Minutes of PCS service per month .-\ figure, he Chooses Plan B and uses rfi-x___«‘_J _ ‘ '5'" . the telephone 1,000 minutes. :eme ‘ {N X M W 1‘35} . V. mus-‘24 ‘ 52009 California ’Tax Rate Schedules. 'g . Go to ftb.ca.gov to e-file and eliminate the math.'0r search our website for tax calculator to figure your tax online. Use only if your taxable income on Form 540/540A, line 19 is rnore than $100,000. If $100,000 or less, use the Tax Table. lighe amount on r r . ~ Fo‘rm 540/540A, line 19 is Enter on Form-540/540A, over — . But not over — I ' line 31 I. . '_ ' ' -'$ ' .0 $' 7,060 ‘ $' 0.00. . Schedulex -_- . 7,060 16,739 ‘ .- ,, 88.25 Use if your filing status is , , 16,7391 26,419 . 306.03 ' Single or ManieleDP Filing Separately . 26,419 . ' 36,675 717.43. A ‘ ‘. . - 36,675 46,349 1,358.43 46,349. AND OVER 2,156.54- 1 '. g ' 3 14,120“ ' I $ ' 0.00 Schedule Y,- 33,478 - 176.50 Use if your filing status is ' - ' 52,838 - 612.06 _ _ Married/RD? Filing Jointly or Qualifying . Widow(er) with Dependent Child ' 73,350 ' 92,698 ‘ AND OVER .. 1,434.86 2,716.86 4,313.07 0 $ 14,130 " ‘ Schedule 2 .- ‘ .. 14,130 33,479 Use ifyourfilingstatus is 33,479 - 43,157 Head or Household 43,157 53,412. 53,412 63,089. f 63,089 AND OVER I How’ to Figure Tax Using the 2009: California Tax Rate Schedules . EiampleiChris and Pat are filing-a joint return using Form 540. Their taxable Form,540, line 19 is $125,000. + 1.25%- ' 2.25% 4.25% 6.25% 8.25% 9.55% +++++ olthe - . amount over — s 0.00 . ,_ 7,060, 16,739 . 26.419. ~ 36,675 _ 46,349 0.00 14,130 . 33,479 43,157 ' 53,412 a 63,089 ‘ . step 1; Using soheduleY, find the iaxable'income range that includes their taxable 01-31 25,000. See the bored range 1171 the sample bélow. . limeamo'unt on . A _ . $7,397.91 Form 540, line 31. For inlormalin on rounding, see . ' “Filling in Your Tax Return” on page 7. Fage 52 Personal Income Tax Booklet 2009 .99-1969 69 69 6""69 _0ithe , ' -amounrover- . 14,120 33,478 ' 52,838 ~'73 350 ‘ Form line 19 is: I. Enter on Form 540, - ‘ '- over — . But not over -_ 1111631 -_ __ -: - ' . . ‘0 $14,120. 73 0.00 +1.25% . Schedule Yj— . , ~ 14,120 33,473 ,- ' 176.50 ‘_ +- 2.25% ‘ use.“ WWWFWS '3 ' ' 33.478. 52.838 6 ' 612.06 + 4.25% ' _ Herdeilhflfifihng Joinllyorflualihjing 52,838 73,350 1,434.86 + 6.25% .. WM“) m Beoendenr can: 73 350 92 698 - 2 716.86 + 8.25% _ ' - - . ' 92 698 ANDOVER‘ . ' ~ » . , 1 - , . _ 2 Exaniple ' ' '- Your income ‘ 2; _They subtract lhe amount at the beginning of their range irom . ' $125,000 ~ illeirtaxahle income. ‘ - ‘ " " V -92 698- ‘ '1 ‘ $169 3: They multion the result from Step 2 hyjrhe oeroenlage for _ $32,302 their, range. ' ‘ ' ’ ' x .0955 $3,084.84 Slog; 4: They round me am‘ountirom Step _3 to .two decimals (if $4,313.07 necessary) and add it to ihe tax amount for their income +‘3,084.84 _ range. Airer rounding the result, they will enier $7,398 on .x.- 76115- to 44¢. I wASWzgg :2 (409 r s I . . v ) V . ~ figs“; 4-9ng . M wWflM/fnas 9x5 )1 I I _ I 1.102; «y. 2/3 ‘ .Pm :_:X3Y I ‘( - “fagxww‘go- \ X) . s. .V _ omgfilm To I mm ’ aw- ~ I S the. 4 ba- m s XM’YJ-me‘ 094.1% @XWA no/MJ (QWQF Y1 is "qu4141 s» 03):th gm. X , 9&2 pm a? Y 1 “(MS consuma- wLw- s4$d'— 4—04 m. . X03976 e WIS-W! $5, W as aéobb‘fifluia—S caudal? TABLE 4.1 US. Average Expenditures by Househo’lggm'fiéj ‘ ' * ' - Households . ' Households ' Households with Income with Income with Income All 1 $20,000- ' $40,000- ' 9V" Households $29,999 $49,999 570,000 Number of Households ' 116,282,000 14,172,00', _ 11,374,000 30,644,000 Average number ' . . ' 2.5 ' 1- . ' - 2.2 . ‘ 2.6 3.1 of people in household _ v . Age of reference ' ' . 48.5 50.5 a _ 47.3 47.0 person » - ' v Percent (reference person) _ ‘ ~ 59 .1 ‘47? ‘ . 57 , 81 ‘ having attended college _ . , . Income before taxes ' $54,453 $24,767 ‘ - $44,645 $118,482 Income after taxes V 4 $52,287 $24,298 - $43,689 $112,266 Average annual expenditures $43,395 $27,741 2 $38,204 $76,954 Expenditure on - selected categories > , ' ~ Food ' ‘ 4 $5,781 $4,076 ' $5,432 ‘ $9,042 Housinglincluding $13,918 $9,639 4 $12,393 $23,547 - slnlter, utilities, supplies, furnishings, and equipment) I ~ , Apparel and services $1,816 $1,047 $1,490 $3,349 Transportation - _ $7,801 $5,114 _ $7,031 $13,513 Health Care $2,574 $2,157 _ $2,552 $3,630 _ Entertainment ' $2,218' $1,512 ' I '_ $1,756 _ ' $4,119 scarce: Bureau of Labor Statistics. All data except “Income after taxes" comes from Table 2, Income Before Taxes: Average Annual . 1 Expenditures and Characteristics, Consumer Expenditure Survey, 2004. “Income after taxes” and “Percent having attended college" comefrom Table 1202 in the Income Before Taxes Tables, Consumer Expenditure-Survey, 2004. The Consumer Expenditure Survey is available online at www.bls.gov/cex/#publ-ications,July1, 2006. l ‘ *Reference person; The first member mentioned by the respondent when asked to ‘fStartwith the name of the person or meet the persons who owns or'rents the home.” As \m; 4P ) occurs Wfi cu). 0415' "M . "mam. be “A Cases aeom «A? 1" I rm“ CM“ 16+ idimgml)» - I. , “(Xukrflxd . g/Qeffih‘fiww !‘ _ - . j ' 5.1;." j . i0<v&;oxnp X) 3 U CKfizJHJXn) ’ _3 _ " MK'WH Now conqu m 2:?ka whale. I: 530) Qx=5ZJ 4AA .~ y: ~ I dam): MZY 26,"! ' j u ‘ i . srt. {EX = 30% Awawmxer Solu'sS-“ML mum: ' “Wause‘ucx,” 5.1:. e‘x—rflYel‘.“ , ' XJY '(mhm 9993044 Iowa au/éx)%¥) fiMflS? '_' Araaqéxmtwww - J em" "we. 1 autism MKS Am a ‘mXJ _‘MW5MY)_5 W, .‘ I _ f ,Ufcc rigsufiij‘m - _ M‘Mbior‘sohdimalp—M. em: — _ m—%=% -_ _ “WWW . ;_L.21&x+&ver ° ' - 4.”.con-ud‘ 4%okm' - _ ‘ ' ’ u xx), w Y=O.. 3m” f" '..;.oraconsw1< M1."bwdh_“ 0115'- “ls-q ...
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This note was uploaded on 03/19/2011 for the course ECON 50 taught by Professor Abramitzky,r during the Spring '07 term at Stanford.

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Lecture 6 - 77%" +1.: sic 40W WWW - _ v) ‘ 04 Isl/H...

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