Answer: $252 Gain and $93.24 Tax.
Explanation:
To calculate her gain, the gain she accrued from selling the shares AFTER exercising the options shall be used to calculate,
= Sales Price - Price when exercised
= 23 - 20
= $3
Given that she received 12 NQOs with each giving her the right to purchase 7 shares we have,
= 3 * 12 * 7
= $252
Maren realized a gain of $252.
Subject to a tax rate of 37% we have,
= 252 * 0.37
= $93.24
$93.24 is Payable in tax by Maren.
Answer:
Results are below.
Explanation:
Giving the following information:
Purchase price= $150,000
Useful life= 10 years
Salvage value= $18,000
<u>To calculate the depreciation expense under the double-declining balance, we need to use the following formula:</u>
Annual depreciation= 2*[(book value)/estimated life (years)]
2021:
Annual depreciation= 2*[(150,000 - 18,000) / 10]
Annual depreciation= $26,400
2022:
Annual depreciation= 2*[(132,000 - 26,400) / 10*
Annual depreciation= $21,120
Answer:
5.5 Hours
Explanation:
The main difference among both the drivers is the number of jobs and the difference of working hours can only be determined by adding number of jobs. Sofia has two more jobs compared to victor. Following is the method to calculate the working hours:
4+0.75(2)=5.5 hours
Sofia is expected to work for 5.5 hours
Answer:
Attached below are the graphs
Explanation:
i) The Equilibrium wage rate in the market is determined by the Intersection of the labor demand and supply curve as seen in the graph attached
ii) The Labor supply curve the firm faces is perfectly elastic in a perfectly competitive resource market
iii) The demand curve of the firm is perfectly elastic because in competitive market a slight change in price will cause a massive change in demand
iv) The firm will continue hiring as long as MRP ≥ MFC
( MRP = marginal revenue product , MFC = marginal factor cost )
