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AleksAgata [21]
3 years ago
10

Donna Forrester's gross pay is $72,500 a year. The state income tax is 3% of taxable wages. Donna takes a married exemption of $

4,000 for herself and her husband. How much is withheld from her gross earnings for state income tax for the year?
Business
2 answers:
Rina8888 [55]3 years ago
7 0

Answer:

Donna's state income tax will be $2,055

Explanation:

Donna's gross pay is $72,500. If she takes the $4,000 exemption, her taxable income will lower to $68,500, that will be her net income used for state income taxes.

Donna's state income taxes = $68,500 x 3% = $2,055

Daniel [21]3 years ago
6 0
The answer is $2,055
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Consider two scenarios for a nation's economic growth. Scenario A has real GDP growing at an average annual rate of 2%; scenario
const2013 [10]

Answer: b. 36 years under scenario A, versus 18 years under scenario B.

Explanation:

The Rule of 72 is a rule in finance that will allows for the calculation of how long it will take for an investment to double given its interest rate.

The time is calculated by dividing 72 by the interest rate in question.

Scenario A

= 72/2

= 36 years.

Scenario B

= 72/4

= 18 years.

6 0
3 years ago
Which of the following group of countries is more likely to lag in terms of green practices, according to the IBM study mentione
Alexxandr [17]

Answer:

Correct answer is A. North America

Explanation:

IBM environmental study report the list countries according to their responses to the green practice which indicate that North America is likely to lag in the eco-friendly activities.

4 0
4 years ago
Miser Materials paid $27,500 in dividends and $28,311 in interest over the past year while net working capital increased from $1
Maksim231197 [3]

Answer:

Cash flow from assets = $51,800

Explanation:

Cash flow from assets = Cash flow to Creditors + Cash flow to Shareholders

Cash flow to creditors = Interest Paid – (New loans taken – Paid Loans)

                                     = $28,311 - ($0 - $21,000)

                                     = $28,311 + $21,000

                                      = $49,311

Cash flow to shareholders = Dividends paid – Net new equity

                                            = $27,500 – $25,000

                                            = $2,500

Cash flow from assets = $49,311 + $2,500 = $51,811

6 0
3 years ago
Identify and explain the four primary types of taxes that businesses pay
DENIUS [597]

Answer

Hi,

They are; income tax, self-employment tax, employment tax and Excise tax

Explanation

All businesses are expected to file income tax return on yearly basis. Some pay taxes as they earn the income. The self-employment tax is imposed to contribute to social security and health care cover for a person who works for him or herself. Employment taxes are a mandatory to employers who are required to pay it to cover social security and healthcare taxes and federal unemployment tax for the workers. Some businesses are levied excise tax depending on the goods sold or manufactured, the type of business operation and the type of equipment and products used.

Best wishes!

3 0
3 years ago
In a newsvendor model where the demand has normal distribution, if Co < Cu, i.e., the overage cost is lower than the underage
mars1129 [50]

Answer:

maximum

Explanation:

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8 0
2 years ago
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