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
erma4kov [3.2K]
3 years ago
12

This year, you owed $6,414.95 in federal income tax. If you are taxed at a net rate of 17%, what was your taxable income for thi

s year?
Business
2 answers:
dybincka [34]3 years ago
8 0
The answer is $37,735.00.
 Hope I could help. Have a good day ^.^
bija089 [108]3 years ago
4 0

Answer:

$37,735

Explanation:

The net tax rate of 17% amounts to $6,414.95.

The taxable income for the year will be represented by 100% which is computed below:

17%   =   $6,414.95

1%      = $6,414.95/ 17%

100% =  ($6,414.95/ 17%) X 100%

         = $37,735

Therefore, the taxable income for the year is $37,735.

You might be interested in
In order to encourage employee ownership of the company’s $1 par common shares, Washington Distribution permits any of its emplo
Shtirlitz [24]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

6 0
3 years ago
Dollar General Corporation operates general merchandise stores that feature quality merchandise at low prices. All stores are lo
Rzqust [24]

Dollar General Corporation operates general merchandise stores that feature quality merchandise at low prices. All stores are located in the United States, predominantly in small towns in 24 midwestern and south eastern states. In the current year, the company reported average inventories of $ 1,668 million and an inventory turnover ratio of 8.0.

Fixed assets turnover ratio = 9.04 Net sales / Avera.

This ratio divides net sales by net fixed assets, calculated over an annual period. The net fixed assets include the amount of property,

Using Fixed Assets turnover ratio, we can find the net sale

Fixed Assets turnover = Net sale/Average fixed assets

$ 2,098 Net sale/1218674000

Net sale is=$ 2,098 × 1218674000

Net Sales is=$ 9.140.055000

Learn more about turnover ratio  here

brainly.com/question/27523896

#SPJ4

6 0
1 year ago
A customer sells 1 ABC Corporation put for 2 on February 22, 2019, with a strike price of 50 and an expiration date of March 16,
Deffense [45]

Answer: a. He has an acquisition cost of $4,800 and a date of acquisition of March 15, 2007.

Explanation:

A Put amount gives the holder the right to sell underlying assets. As the Put was exercised, the customer would have to buy the underlying stock and the price they will pay for it is the strike price of the Put less the cost of the Put.

Options contracts come in 100s so;

Acquisition cost = (50 - 2) * 100

= 48 * 100

= $4,800.

The date of acquisition is the day the put was exercised.

8 0
3 years ago
Ybor Square is a small shopping center located in the part of Tampa known as Ybor City. The shopping center building used to be
max2010maxim [7]

Answer:

E) theme/festival center.

Explanation:

A theme or festival center is basically a shopping mall or strip mall that focuses primarily on tourists. It combines shopping, entertainment, dining and sometimes even architectural themes. My favorite example is the Lincoln Road Mall in South Beach which has bars, stores, restaurants, etc. And most importantly, I lived there for a couple of years. It was great until European tourists flooded it during August and September, the rest of the year is a really fine place.  

3 0
3 years ago
Trevor restores antique cars and sells them for profit. This is an example of _____ income.
anyanavicka [17]
Trevor restores antique cars and sells them for profit. This is an example of CAPITAL GAINS income.

Capital Gain is a profit earned from the sale of a property or an investment. It is not only limited to vehicles. It is also applicable to real estate sales. Every Capital Gain has its corresponding taxes to be paid to the government.
5 0
3 years ago
Read 2 more answers
Other questions:
  • Zanda Corp. wants to have a process structure that has cost advantages similar to continuous or repetitive processes, but wants
    7·1 answer
  • The following information pertains to Ash Co., which prepares its statement of cash flows using the indirect method: Interest pa
    10·1 answer
  • In economics, all of the following are included among the three main uses of money EXCEPT:
    6·2 answers
  • Mo Meek, Lu Ling, and Barb Beck formed the MLB Partnership by making capital contributions of $75,600, $294,000, and $470,400, r
    6·1 answer
  • A company's new business is said to possess "synergy" with the company's existing business when ____
    14·1 answer
  • The mission of a company lays out some desired future state and articulates that the company would like to achieve
    7·1 answer
  • Can I get help on this job application please ?
    15·1 answer
  • 50 Points!!
    7·1 answer
  • Consider today’s stock listing for Enam Telecom, shown below. 52 wk High 52 wk Low Symbol Div. Close Net Change 122. 86 64. 77
    12·1 answer
  • ________ refers to the strategy of getting visitors to a Web site to forward information on the site of their friends in order t
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!