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Goshia [24]
1 year ago
15

Ezmerelda jewelers has a marginal tax rate of 32 percent and an average tax rate of 20.9 percent. if the firm owes $34,330 in ta

xes, how much taxable income did it earn? group of answer choices
Business
1 answer:
lora16 [44]1 year ago
3 0

Ezmerelda jewelers have a marginal tax rate of 32 percent and an average tax rate of 20.9 percent. if the firm owes $34,330 in taxes,  

$164,258 taxable income.

Taxable income = $34,330 / .209 = $164,258.37

There are two main types of taxes: direct taxes and indirect taxes. Both tax implementations are different. Some are paid directly, such as reduced income tax, corporate income tax, and wealth tax, while others are paid indirectly, such as consumption tax, service tax, and consumption tax.

Ensuring federal, state, and local governments function properly and provide the services they need. Individual governments have specific focuses, and overall spending on things like defense and social security is in the hands of the federal government.

Learn more about  tax here

brainly.com/question/25783927

#SPJ4

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Evan has received permission from his state to form a corporation for his startup, expecting his liability would be limited to t
vekshin1

Answer:

Evan's business has no credit history.

Explanation:

As Evan has just created the company, it has no record about its ability to pay debt which is important for a bank to give a loan and it will not be willing to approve it if the company has no credit history that shows that it can make the payments. Because of that, it will require Evan to assume personal liability in order to have a guarantee that the loan would be paid back.

7 0
3 years ago
Sheffield Corp. began 2022 with total stockholder’s equity of $1285000, including retained earnings of $928000. During the year,
gogolik [260]

Answer:

what was the company’s revenue for 2022?

$3802000

Explanation:

Beginning RE + Net Income (Profit or Loss) – Dividends = Ending RE  

retained Earnings 928000  

begining Equity 1285000  

issued 1262000  

Pid dividens 242000  

 

928000+profit-3500000-242000=988000  

 

Profit=988000-928000+3500000+242000  

 

Revenue=3802000  

5 0
3 years ago
Jim organized and operates Jim's Landscape Service. Jim did not do anything formal to create his business, but operates the land
Anni [7]

Answer:

sole proprietorship

Explanation:

sole proprietorship is a type of business which is owned and managed by one person and  there is no legal difference between  owner and  business  entity itself.

Since in this case business is under the name of Jim, it is sole proprietorship under the law

8 0
3 years ago
Mabbe Company uses activity-based costing. The company has two products: A and B. The annual production and sales of Product A i
vagabundo [1.1K]

Answer:

d. $8.69

Explanation:

Activity rate for Activity 2 = Estimated Overhead Cost / Expected Activity

Activity rate for Activity 2 = $19,987.00 / 2300

Activity rate for Activity 2 = $8.69 per activity

7 0
3 years ago
_____ aims to increase traffic in retail stores using special sales on a limited number of products and higher everyday prices o
uysha [10]

low pricing aims to increase traffic in retail stores using special sales on a limited number of products and higher everyday prices on others.

Stores can therefore attract customers with the low prices and once the customer is there, they will more than likely purchase one of the higher priced items.

6 0
2 years ago
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