Net income is the amount that will be earned after all the taxes have been subtracted from the paystub amount.
<h3>
The net income for the paycheck</h3>
Given Information:
- Paycheck=$329.40
- Paystub=$400.00
- Medical tax=$5.80
- Social security tax=$24.80
- Federal tax=$40.0
The Net income is therefore:-
Net Income=Paystub-Medical tax-Social security tax
Net Income= 400 - 5.80 - 24.80 - 40
Net Income= $329.40
In conclusion, the net income is $329.40.
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Craigmont company's direct materials costs are $4,900,000, its direct labor costs total $8,710,000, and its factory overhead costs total $6,710,000. its prime costs total:_Prime Cost = direct material cost + Direct Labor cost
= $ 4900000 + $ 8710000
= $ 13610000
A high price is the entire direct price of production, such as uncooked materials and exertions. indirect charges, along with utilities, supervisor salaries, and delivery costs, are not blanketed in top charges. corporations want to calculate the prime value of each product manufactured to ensure they are generating earnings.
Industry averages propose top charges need to be between fifty five% and 60%. Years in the past, that range might have been as high as sixty five%. however as the costs of a lease, coverage, and items have risen, it is grown to be extra vital to hold that percent quite tight within that variety.
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Answer:
elasticity of demand is 2.16. Consumers pay a smaller portion of the tax
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Elasticity of demand = percentage change in quantity demanded / percentage change in price
(2/19)(2/41) = 2.16
When the coefficient of elasticity is greater than 1, demand is elastic.
Elastic demand means that a small change in price leads to a greater change in quantity demanded.
Because demand is elastic, more of the burden of the tax falls on producers and consumers pay a small portion of the tax.
I hope my answer helps you
When a company buys something on credit it increases account payable, and when a company sells on credit it will increase their account receivable.
