What is the total tax rate in 2018 for income of 100000?

In the United States, many agricultural products (such as corn, wheat, and rice) are subsidized. What are the benefits of subsid

timofeeve [1]

Answer:

Correct answer:

b) lower prices for consumers and producers

Explanation:

In United States of America, food is one of the fundamental things which the government guarantee its citizens. Most agricultural products are subsidized by the government both for the farmers (producer) and the citizens (consumers).

The subsidy for the producer could be inform of payment of incentive, giving out agricultural implements and grants. On the other-hand, the subsidy to the consumer could be inform of reduced price of the agricultural food crops.

6 0

3 years ago

Air airlines is a small airline company. it is investigating transaction processing systems as it is beginning its business this

Nastasia [14]

Electronic i think
hope it helped

8 0

4 years ago

Wookie Company issues 8%, five-year bonds, on January 1 of this year, with a par value of $108,000 and semiannual interest payme

seropon [69]

Answer:

See the journal entries and explanation below.

Explanation:

The journal entries will look as follows

a) The issuance of bonds on January 1.

Date Accounts title Debit ($) Credit ($)

Jan. 1 Cash 111,671

Premium on Bonds Payable 8,271

Bonds Payable (w.1) 108,000

(To record issuance of bonds.)

b) The first interest payment on June 30.

Date Accounts title Debit ($) Credit ($)

Jun. 30 Interest Expense (w.4) 3,493

Premium on Bonds Payable (w.2) 827

Cash (w.3) 4,320

(To record first interest payment)

c) The second interest payment on December 31.

Date Accounts title Debit ($) Credit ($)

Dec. 31 Interest Expense (w.4) 3,493

Premium on Bonds Payable (w.5) 827

Cash (w.6) 4,320

(To record second interest payment)

Workings:

w.1: Bond payable = Cash - Premium on Bonds Payable = $111,671 - $8,271

w.2: Premium on Bonds Payable = January 1 Unamortized Premium - June 30 Unamortized Premium = $8,271 - $7,444 = $827

w.3: Cash = $108,000 * 8% * (6 / 12) = $4,320

w.4: Interest expense = w.3 - w.2 = $4,320 - $827 = $3.493

w.5: Premium on Bonds Payable = June 30 1 Unamortized Premium - December 31 Unamortized Premium = $7,444 - $6,617 = $827

w.6: Cash = $108,000 * 8% * (6 / 12) = $4,320

w.7: Interest expense = w.6 - w.5 = $4,320 - $827 = $3,493

8 0

3 years ago

Monroe Minerals Company purchased a copper mine for $120,000,000. The mine was expected to produce 50,000 tons of copper over it

NikAS [45]

Answer:

Net Income = $4,560,000

Explanation:

Monroe Minerals Company

Income Statement

For the year ended, December 31, 20Y1

Revenues:

Sales revenues (6,000 tons of copper × $4,500) = $27,000,000

Operating Expenses:

Operating expenses $8,040,000

Depreciation expenses (Note 1) $14,400,000

Total operating expenses 22,440,000

Net operating income $4,560,000

Note 1

Depreciation expense rate =

Cost of equipment ÷ expected unit production

or, Depreciation expense rate = $120,000,000 ÷ 50,000 tons of copper

or, Depreciation expense rate = $2,400/ton

Therefore, depreciation expense for the year 1 = $2,400 × 6,000 = $14,400,000.

6 0

3 years ago

According to the insurance institute for highway safety injuries the most common injury in the US due to front or rear crashes c

vfiekz [6]

Answer:

6

Explanation:

The Insurance Institute for Highway Safety (IIHS) is known to be an independent body or organization. It is a nonprofit scientific and educational organization solely aimed to reducuction of the losses and deaths, injuries and property damage as a result from motor vehicle crashes. In US, due to front or rear crashes cost more than 6 billion dollars a year is being spent on injury.

5 0

3 years ago