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
nexus9112 [7]
3 years ago
11

Jacque Solis (age 38) is leaving her current job and would like to take a long vacation before starting new employment. She has

$65,000 in a qualified plan that she would like to live on during this period. If she is in a 25 percent marginal tax bracket, how much will she have left after paying taxes and penalties?
Business
1 answer:
Montano1993 [528]3 years ago
7 0

Answer:

Jacque Solis will have $42250 left after paying taxes and penalties

Explanation:

given data

present age = 38

qualified plan = $65,000

marginal tax = 25 %

to find out

how much will she have left after paying taxes and penalties

solution

as here qualified plan is an employer sponsored retirement plan that qualifies for special tax treatment under Section 401 (a) of Internal Revenue Code

and tax for 25 % will be here as  

Tax 25% = $65,000 × 25%

tax = $16,250

and Penalties will be here for 10 % is  

Penalties 10% = $65,000 × 10%

Penalties = $6500

so  

Net available = $65,000 - $16,250 - $6500

Net available = $42250

so Jacque Solis will have $42250 left after paying taxes and penalties

You might be interested in
1. Which of the following accounts are NOT likely appear in a job order cost system of a service business
Burka [1]

A <u>finished Goods</u> account would most likely not appear in a job order cost system of a service business.

Finished Goods are products that are at a stage in the manufacturing process that is readily available to consumers. Businesses use formulas to calculate finished goods and products to create inventory percentages that determine the value of the goods sold.

The cost of the finished product includes all costs along the way and includes the three main components used in the production of the goods: direct labor, direct materials, and overhead costs. In addition, storage costs will be incurred when purchasing finished products.

Learn more about  <u>finished Goods </u>here brainly.com/question/13767214

#SPJ4

8 0
2 years ago
Is Darby doing anything wrong? If so, what? What ethics traps is she facing?
Rom4ik [11]

Answer:

Hello your  question is incomplete attached below is a screenshot of the question

Answer: i) Darby is doing something wrong

              ii) Ethic traps are : Money and Rationalization

Explanation:

Darby is doing something wrong because she is taking the benefits of H associates company for personal purposes. and this totally unethical behavior been exhibited by Darby

The ethics trap faced by Darby are :

Money ; Money is the most influential trap that makes employees engage in most unethical activities because Human beings want more money always

Rationalization : Darby is using the company's facilities for personal use because she feels that her usage of the facilities for personal use won't affect the company negatively

3 0
3 years ago
What is an example of informal communication?
mash [69]

Business Dictionary describes informal communicating as a casual form of information sharing typically used in personal conversations with friends or family members. Within a business environment, informal communication is sometimes called the grapevine and might be observed occurring in conversations, electronic mails, text messages and phone calls between socialising employees.

So thats B

If i am right please mark brainliest.

8 0
3 years ago
Read 2 more answers
Barney decides to quit his job as a corporate accountant, which pays $10,000 a month, and goes into business for himself as a ce
likoan [24]

Answer:

A- $ 50  Electricity

     $ 75   Office suplies

     $ 125 Total explicit costs

B-  $ 300   Rent

$10000 Lost of salary for quitting his job

      $ 10300  Total implicit cost

C-  $ 125    Total explicit costs

     $ 10300   Total implicit cost

     $ 10425   Total economic cost

Explanation:

A- Explicit costs are observable (such as salaries paid to  employees, material costs, taxes, etc.) and are paid with cash.

B- Implicit costs are those incurred for giving up an alternative use of a specific resource, but no cash outlay is made. In this case, $ 300 that is no longer earned by using the garage as an office and $10000 lost each month for quitting his job.

C- The sum of the implicit and explicit costs determines the total economic cost

.

7 0
3 years ago
A truck rental company rents a moving truck for one day by charging $34 plus $0.10 per mile. write a linear equation that relate
Svetradugi [14.3K]
The answer is 52.50 and 69.51
6 0
3 years ago
Other questions:
  • When an organization has a strong talent pool available from which it can draw employees, the organization is positively influen
    15·1 answer
  • Arctic Cat sold Seneca Motor Sports a shipment of snowmobiles. The snowmobiles were delivered on January 1, 2021, and Arctic rec
    12·1 answer
  • Knowledge Check 01 Melas Company changed from the LIFO to the FIFO inventory costing method on January 1, Year 3. Inventory valu
    10·1 answer
  • true or false small businesses help the economy by keeping production and Manufacturing in the United States
    9·1 answer
  • What part of the cover letter explains how the applicant's qualifications meet the needs of the company?
    13·2 answers
  • The concept of ""human resource management"" implies that employees in an organization cannot be considered as a resource and he
    14·2 answers
  • When analyzing a price-earnings ratio:_________.
    6·1 answer
  • Help me with the question​
    7·1 answer
  • Ginny, a licensee, uses a preprinted contract in Tim's purchase of a new loft apartment. There is a discrepancy in the contract
    5·1 answer
  • The researcher takes a random sample of 250 corporate employees and finds the mean number of hours worked by employees was 47. i
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!