$4099 is the amount, Jennifer must include in her gross income for federal income tax purposes.
<h3>What is the difference between income and gross income?</h3>
The amount of money earned in a fiscal year before taxes are referred to as annual gross income. The sum of cash you earn in a fiscal year after certain deductions is your annual net income.
Given
Capital Gain = $4000
Interest earned = $99
Required to calculate Gross income for tax purposes =?
Gross income for tax purpose = $4000 + $99 = $4099
Employee's gross pay is what they earn before taxes, benefits, and other payroll deductions are deducted from their pay. Net pay, also known as take-home pay, is the amount left over after all withholdings are deducted. Their gross income for Jennifer includes capital gain and interest she earned on it.
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Profit margin of green giant = 8% = 0.08
Dividend payout ratio = 67% = 0.67
Total turnover = 1.3 times
Equality multiplier = 1.6 times
First calculate the return of equity = profit margin x turnover x equality
multiplier
Return of Equity = 0.08 x 1.3 x 1.6 = 0.1664
Now the sustainable rate of growth = Return of Equity x (1 - Dividend payout ratio)
Sustainable rate = 0.1664 x (1 - 0.67) = 0.1664 x 0.33 = 0.055
Sustainable rate of growth = 5.5%
Answer:
Government in a market system can increase economic efficiency by collecting taxes in order to subsidize the production of
public and quasi-public goods.
Explanation:
Public and quasi-public goods can only be provided efficiently by the government or quasi-government organizations for the benefit of every member of the society, without exhibiting the characteristics of a private good. Public and quasi-public goods are known to be non-excludable and non-rivalrous, with partial diminishability and rejectability.
Maybe you need to divide or subtract something
