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Mademuasel [1]
2 years ago
7

Your gross income (pay for before deductions for taxes) is $10,000 a month, and income taxes are estimated at a rate of 20%. In

addition, your debt is $2,000 per month. What is your monthly personal debt ratio
Business
1 answer:
slavikrds [6]2 years ago
5 0

Based on your debt per month and your gross income, the monthly personal debt ratio is 20%.

<h3>How can you find the monthly personal debt ratio?</h3>

This can be found as:

= Personal debt / Gross income

Solving gives:

= 2,000 / 10,000

= 20%

In conclusion, the personal debt ratio is 20%.

Find out more on personal debt ratio at brainly.com/question/24814852.

#SPJ1

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Sylvio purchased an apartment building as an investment in January 2008 for $383,500 and sold it for $475,000 in 2014. He report
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Answer:

Hi there!!

$159,936

Explanation:

Sales proceeds                                                $475,000

Less: book value

 Cost                                       $383,500

 Accumulated depreciation <u> $(68,436)   </u>      <u> $315,064  </u>

Gain                                                                  $159,936      

Since Sylvio has maintained its investment for more than a year, the tax law allows reducing the tax on capital gain although the form of calculation of the profit is the same as for common cases.

In this case tax rate drops from 39.6% to 20%.

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3 years ago
According to the video, what do many Accountants and Auditors decide to do?
Maksim231197 [3]

Answer:

specialize in a specific area is the correct answer.

Explanation:

3 0
3 years ago
Furnaces &amp; Filters Inc. is a public company whose shares are traded in the public securities markets. Under the Sarbanes-Oxl
Veseljchak [2.6K]

Answer:

internal disclosure controls and procedures.

Explanation:

"Internal disclosure controls and procedures" is a new term created by the Sarbanes-Oxley Act of 2002 and it refers to controls and procedures that must be setup by top management of a corporation in order to ensure that the information it discloses under the Securities Exchange Act is properly recorded, processed, summarized and reported.

4 0
3 years ago
Holling Inc. uses the weighted-average method in its process costing. The following data concern the company’s Mixing Departme
artcher [175]

Answer:

                     Statement of Cost per equivalent unit

Particulars                                                 Materials        Conversion

Cost of beginning work in process           $8,130             $9,128

Add: Costs added during the month        <u>$226,500</u>        <u>$284,232</u>

Total cost A                                                 $234,630       $293,360

Number of equivalent units B                    <u>   9,900   </u>        <u>   9,400   </u>

Cost per equivalent unit (A/B)                  <u>$23.70     </u>       <u>$31.21      </u>

8 0
3 years ago
According to the principles of scientific management, the best way to improve productivity is to Multiple Choice give employees
Korolek [52]

The best way to improve productivity would be to find the best method of doing each job, then teach those methods to employees.

<h3>What is productivity?</h3>

In the business environment, the notion of productivity has to do with the ability of employees to carry out tasks in the work environment in a more efficient, faster and better way.

To increase productivity, it is important that the workers are taught the best way to carry out their jobs.

Read more on productivity here:brainly.com/question/2992817

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