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2 years ago

Which of the following is a type of tax paid straight to the federal government?

Business

2 answers:

frutty [35]2 years ago

8 0

Option a: Income tax

Income tax is a tax levied on an individual or group with respect to the income or profits received by the individual or group. Income tax is usually calculated as the product of tax rate and taxable income. tax rates may vary depending on the type and characteristics of the taxpayer and the type of income.

Income tax is a tax that the government imposes on income generated by businesses and individuals within its jurisdiction. Income tax is used to fund public services, pay government obligations, and provide goods to citizens.

what is income tax? the tax levied on the income of a company or individual is known as income tax. Income taxable income can come from various sources, including wages, salaries, dividends, interest, loyalty, rent, gambling prizes, and product sales.

Learn more about Income tax here brainly.com/question/26316390

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Anna007 [38]2 years ago

6 0

It's income tax...... :)

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Petra, Inc. has collected the following data. (There are no beginning inventories.): Units produced 580 units Units sold 580 u

Debora [2.8K]

Answer:

Operating income is $28,197.2

Explanation:

In order to calculate operating income, first we have to calculate total product cost per unit which is calculated as shown below:

Direct material per unit = $30

Direct labor = $35

Variable manufacturing overhead per unit = $10

Fixed manufacturing overhead per unit = 23,000 ÷ 580 = $39.66 per unit

Product cost per unit = 30 + 35 + 10 + 39.66 = $114.66

Now compute operating income as shown below:

Total sales = Per unit sales price × Units sold

= $230 × 580

= $133,400

Cost of goods sold = Units produced × product cost per unit

= 580 × 114.66

= $66,502.8

Gross profit = Sales - COGS

= 113,400 - 66,502.8

= $46,897.2

Fixed selling and administrative cost = $10,000

Variable selling and administrative cost = 15 × 580 = $8,700

Total selling and administrative cost = 10,000 + 8,700 = $18,700

Operating income = Gross profit - total selling and administrative cost

= $46,897.2 - 18,700

= $28,197.20

7 0

3 years ago

Suppose the inflation rate is 2% per year. If you currently think of $40,000 as an acceptable retirement income and are expectin

Svetllana [295]

40,000x(1.02^40)=$88,322

3 0

3 years ago

If your lifestyle budget is $50000 a year selecting a career earning $75,000 will most likely allow you to meet your lifestyle g

NARA [144]

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8 0

3 years ago

Analysts are forecasting LifeTech Corporation's common stock price to be $120 at the end of one year. Also, LifeTech will pay a

devlian [24]

Answer:

Price to pay now for the stock = $96.278

Explanation:

The price of the stock would be the present value(PV) of the future cash flow expected from it discounted at the required rate of 13%

Hence we would add the present value of he dividend and the resent of he price at the end of the period

PV = CF × (1+r)^(-n)

CF- Cash Flow

R- rate of return- 13%

n- number of years

PV of dividend = 2.60 × (1.13)^(-1) = 2.30

PV of stock price after a year = 120× (1.13)^(-1) = 93.97

Price to pay now for the stock = 2.30 + 93.97 = $96.278

Price to pay now for the stock = $96.278

5 0

3 years ago

A change in the asset turnover ratio from 1.3 to 1.6 would indicate a. a decrease in the effectiveness of assets in producing sa

Zarrin [17]

Answer:

a decrease in the effectiveness of assets in producing sales by a favorable trend in using assets to generate sales.

Explanation:

Assets turnover ratio = $\frac{Net Sales}{Average assets}$

Therefore when the ratio increases it means the level of sales has increased, with a higher rate than earlier.

Now also with this it reflects that the effectiveness of assets in producing sales as by a favorable trend, as higher the ratio more favorable it is, as depicts higher sales.

7 0

3 years ago