1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nostrana [21]
2 years ago
11

porter jewelers, a sole proprietorship has a marginal tax rate of 32 percent and an average tax rate of 20.9 percent. if the fir

m owes $34,330 in taxes, how much taxable income did it earn?
Business
1 answer:
Vitek1552 [10]2 years ago
6 0

The amount of Taxable income earned equals $164,258.37.

<h3>What is a Taxable income?</h3>

It refers to any gross income earned that is used to calculate the amount of tax you owe.

Taxable income = $34,330 / .209

Taxable income = $164,258.37

Therefore, the amount of Taxable income earned equals $164,258.37.

Read more about Taxable income

brainly.com/question/25641320

#SPJ1

You might be interested in
Jiminez, Inc., had the following transactions during the month of March, current year. Prepare an income statement based on this
Citrus2011 [14]

Question Completion:

Cash received from bank loans was $10,000.

Revenues earned and received in cash were $9,000.

Dividends of $4,000 were paid to stockholders.

Expenses incurred and paid were $5,600.

Answer:

Jiminez, Inc.

Income Statement for the month ended March 31:

Revenue                                          $9,000

Expenses                                           5,600

Net income                                      $3,400

Dividends                                          4,000

Retained earnings during the year ($600)

Explanation:

Jiminez, Inc. paid more dividends to stockholders this month than it actually generated in net income.  The excess amount of dividends must be from retained earnings carried forward from the previous month.  In preparing the income statement for the month of March, Jiminez, Inc. must deduct all the expenses from its revenue to obtain the net income before tax.  The bank loan does not form part of the items for the preparation of the income statement, as only temporary accounts are considered.

3 0
3 years ago
People who like working with their hands might enjoy a career as a
alexira [117]
Massage therapist or professional Typer
7 0
3 years ago
Read 2 more answers
Research suggests that up to ___________ of manufacturing firms are using some form of lean in their business.
lisov135 [29]
<span>Up to ninety percent of businesses are using some type of lean processing. This allows them to maintain productivity with minimal staff and overhead. This has become more important as labor costs continue to rise.</span>
7 0
4 years ago
Two advantages of using ___________ to fill open positions are: (1) it improves the morale of current employees, and (2) the per
mel-nik [20]

Answer:Internal recruitment

Explanation:

Internal recruitment happens When the company as a vacancy and looks with in its existing employees to fill the the vacant position. Hiring within the company has many because the company is hiring some one who is already familiar with culture and ethos of the company, he or she is also familiar with the procedures and operations of the company that reduces induction time and possible training time.

The costs associated with internal recruitment are significantly lower than the costs of recruiting externally for example, recruiting externally the company has to do background checks on the new employees and sometimes pay the the recruiting agency for their services. It also takes a long time to find a suitable candidate when recruiting externally because the company receives many applications which may result in an increase in admin costs associated with recruiting externally.

One major draw back of this recruiting strategy is that it leaves gaps within company work structure or work force. When employees are frequently changing position within the organization it may cause disruption in the function of the company

6 0
3 years ago
Business sofware programs make it possible to
Leto [7]

Answer:

increase productivity in office setting

4 0
3 years ago
Other questions:
  • Small-business owner Marcos set up his Google Ads campaign by thinking of “obvious” keywords off of the top of his head. What's
    6·1 answer
  • If people speculate that a run on one bank will cause a run on all banks in the financial​ system, and this speculation proves​
    8·1 answer
  • Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the followin
    7·1 answer
  • In 2019, Liza exercised an incentive stock option that had been granted to her in 2016 by her employer, Weather Corporation. Liz
    8·1 answer
  • What is 6 cubed so like 6 with exponent 3
    9·2 answers
  • You are a sales director for a company and have noticed employees are showing up towork dressed inappropriately. customers have
    10·1 answer
  • On January 1, Alan King decided to transfer an amount from his checking account into an investment account that later will provi
    7·1 answer
  • Joan Wilder receives a phone call from a salesman who tries to sell her an insurance policy by scaring her about her high risk o
    15·1 answer
  • What is the definition of stakeholders​
    7·1 answer
  • Which category of physical infrastructure management is concerned with providing the required it resources at the right time, at
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!