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MakcuM [25]
3 years ago
8

the butler county tax assessor determines that the market value of greg wilsons home is $123000. the rate of assessment in butle

r county is 28% of market value. What is the assessed value of gregs home?
Business
1 answer:
MrRa [10]3 years ago
7 0
In this case, the assessed value is 28% from the market value. So, we need to get 28% from $123,000.

Expressed in figures, we have;
*$123,000 x 0.28 = $34,440.

The assessed value of Greg's home is $34,440, which is 28% of $123,000.
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Company ABC provides a dependent care assistance flexible spending arrangement to its employees through a cafeteria plan. In add
Vladimir79 [104]

Answer:

Company ABC and Emily, a single filing taxpayer

The maximum amount excludable from Emily's gross income for the dependent care expenses, which Emily can report on her tax return is $3,000.

Explanation:

a) Data and Calculations for Emily:

Dependent care flexible spending arrangement deduction = $4,500

Fair market value of the on-site dependent care used = $700

Form W-2 reported dependent care assistance = $5,200

Maximum amount excludable from Emily's gross income for the dependent care expenses Emily can report on her tax return is $3,000.

b) According to the IRS records, Emily can exclude or deduct dependent care benefits provided by a dependent care benefit plan, an amount not exceeding $3,000 if one qualifying person was cared for or $6,000 if two or more qualifying persons were cared for.  Since the number of persons cared for is not disclosed, it is assumed that Emily cared for only one qualifying person.  Therefore, $3,000 is the maximum she is allowed to deduct.

4 0
3 years ago
Average total cost is very high when a small amount of output is produced because.
Finger [1]

Answer:

When average fixed cost is large.

Explanation:

5 0
2 years ago
The House Subcommittee on Oversight and Investigations made its recommendations after looking into failures at each of the follo
zubka84 [21]

Answer:

The correct answer is ENRON.

Explanation:

Going back to December 2, 2001, is going back to one of the biggest scandals in economic history. That day, the energy company Enron declared bankruptcy. First global energy distributor, invoiced 100,000 million dollars annually.

Jeffrey Skilling, the mind behind accounting, did his last master move badly. Before the bankruptcy they were seen coming, he resigned his position alleging family reasons and sold the shares he had in the company. Four months later came bankruptcy. Supposedly, he didn't know anything about the critical situation of the company. He did not strain.

In 2004 he was charged with about thirty charges, including operating with confidential information, by selling about 60 million dollars in Enron shares before bankruptcy, deceiving the auditor or conspiracy.

7 0
3 years ago
The business cycle is thea.predictable changes in economic activity due to changes in government spending and taxes.b.irregular
Nitella [24]

Option B

The business cycle is irregular fluctuations in economic activity.

<u>Explanation:</u>

The business cycle is the constant rise and decline of financial growth that transpires overhead time. A cycle is a valuable mechanism for probing the market. It can further assist you to perform more reliable monetary choices. The state administration handles the business cycle.

The business cycle depicts the germination and bankruptcy in the making yield of assets and services in a marketplace. Business cycles are usually estimated relating to the boom and recession in the actual entire domestic goods or modified for inflation.

4 0
3 years ago
Bristo Corporation has sales of 1,000 units at $60 per unit. Variable expenses are 40% of the selling price. If total fixed expe
Misha Larkins [42]

Answer:

3.60

Explanation:

Given that,

Sales units = 1,000

Sales price per unit = $60

Variable expenses = 40% of the selling price

Total Fixed cost = $26,000

Contribution margin per unit:

= Selling price - Variable cost

= $60 - ($60 × 40%)

= $60 - $24

= $36

Total contribution:

= Contribution margin per unit × Sales units

= $36 × 1,000

= $36,000

Profit = Total contribution - Fixed cost

         = $36,000 - $26,000

         = $10,000

Degree of operating leverage:

= (Sales - Variable costs) ÷ (Sales - Variable costs - Fixed Expenses)

= (60,000 - 24,000) ÷ (60,000 - 24,000 - 26,000)

= 36,000 ÷ 10,000

= 3.60  

8 0
3 years ago
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