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
Sever21 [200]
2 years ago
5

(1.1: Modeling) Before paying employee bonuses and state and federal taxes, a company earns profits of $103,000. The company pay

s employees a bonus equal to 5% of after-tax profits. State tax is 5% of profits (after bonuses are paid). Finally, federal tax is 40% of profits (after bonuses and state tax are paid). Calculate the amounts paid in bonuses, state tax and federal tax.
Business
1 answer:
yan [13]2 years ago
8 0

Answer:

Amount paid in;

Bonuses to employees = $5,150

State tax = $5,150

Federal tax = $41,200

Explanation:

The bonus paid to employees, federal tax and state tax are all a percentage of the profit made by the company.

The amount of each of these elements may be computed by applying the applicable percentage on the profit made by the company before any of these deductions.

amounts paid in;

bonuses =  5% * $103,000

= $5,150

state tax  =  5% * $103,000

= $5,150

and

federal tax =  40% * $103,000

= $41,200

You might be interested in
A companys profit motive beneits consumers by ensuring the products and services they need are availabe at a high quality. What
kherson [118]

Company objective , for more help text me on +16315364792

5 0
3 years ago
1. Analysis How many burritos will the producer supply at the price of $1? In your opinion, what is the reason for that quantity
amm1812

The number of burritos that will be supplied depends on the costs the supplier incurs.

You did not include any charts that can be used to answer this specific question so I will give a general answer.

When a supplier is deciding the price at which to supply a good, they look at:

  • Their costs both fixed and variable
  • The price others are charging
  • The demand for the good

The most important factor is their costs. If in this case, it costs more than $1 to produce a burrito, they will not supply burritos. If their costs are less than a dollar, the number of burritos supplied will then depend on other factors but they will supply some.

In conclusion, if the cost to make the burrito is less than $1, the supplier will supply no burritos but if the cost is less, they will supply based on other factors.

<em>Find out more at brainly.com/question/1908405.</em>

8 0
2 years ago
An investment project has annual cash inflows of $2,800, $3,700, $5,100, and $4,300, for the next four years, respectively. The
lubasha [3.4K]

Answer:

Discounted payback period = 1.89 years

Explanation:

If Initial cost is $5,200

Year  Cash flow   Present value   Present value      Discounted

                                 at 11%                                       Cumulative cash flow

0          -5,200             1                      -5,200              -5,200

1            2,800           0.9009             2,523               -2,677

2           3,700           0.811                  3,003                326

3            5,100           0.73126              3,729                4,055

4            4,300          0.6587               2,833                6,887

Discounted payback period = 1 + (2,667/3003)

=1.89 years

Working

PV= (1+i)^-n

i= 11%, n= respective years 0,1,2,3,4

6 0
3 years ago
An aircraft manufacturer with a strong presence in the United States, is looking to expand its market overseas. The firm current
charle [14.2K]
The economic uncertainty in the U.S. market and the customers' preferences.
6 0
3 years ago
What is morale?
Verdich [7]

C. the attitude of the people working at a company

7 0
3 years ago
Other questions:
  • Home town grocery has invested in yogurt stands for its stores. the investment cost the company $100,000. variable materials, pr
    7·1 answer
  • What information must economists have to estimate the price elasticity of​ demand? To estimate the price elasticity of​ demand,
    6·1 answer
  • According to the classification system for global organizational culture as developed by Hofstede, the degree to which employees
    5·1 answer
  • Hannah’s alterations business works around the needs of the customer by providing hours of operation that vary throughout the we
    12·1 answer
  • Modern environmentalism works with businesses to promote sustainable development. Please select the best answer from the choices
    6·2 answers
  • You are evaluating a growing perpetuity investment from a large financial services firm. The investment promises an initial paym
    12·1 answer
  • Concord Inc. had beginning inventory of $11,900 at cost and $21,000 at retail. Net purchases were $140,679 at cost and $183,000
    9·1 answer
  • Many companies have and will adopt a code of ethics. These codes can vary greatly but can be placed in two categories.
    7·1 answer
  • In the context of the 5S principles, _____ means to keep a process going through training, communication, and organizational str
    13·1 answer
  • A cost that would be included in product costs under both absorption costing and variable costing is:____.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!