If Jose earns $1700 this year selling T-shirt’s he screen prints in his garage what taxes would he need to pay?

Jose is required to pay income tax and state sales tax

Step-by-step explanation:

Jose is required to pay income tax and state sales tax on his earnings of $1700.

The income tax goes to the the federal government which is 10% of the amount earned for the tax bracket of $0 to $9,700 for singles and $0 to $19,400 for married couples filling jointly.

Tax = 10% of $1700

Tax = 0.10*1700

Tax = $170

The state sales tax goes to the states and depends upon the taxing system of the state where Jose is selling the T-shirts.

Some states in the USA have zero state sales tax; Alaska, Delaware, Montana, Oregon etc. On the other hand, these states have the highest sales tax rates in the USA; Tennessee, Louisiana, Arkansas, Washington etc

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%