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erma4kov [3.2K]
4 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]4 years ago
8 0
The answer is $37,735.00.
 Hope I could help. Have a good day ^.^
bija089 [108]4 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.

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Answer:

The administrator should consider the App's ability to enable the user to scan and attach receipts with the expense reports.

Explanation:

The App for Salesforce Mobile should be enabled to scan and attach receipts with the expense reports in order to meet the user's requirements.  The easiness of the Mobile App achieving this functionality is very important.  Once users were not always able to easily implement this functionality in the App, then it would not be considered user-friendly.  The scanning should be as simple as taking a shot with the phone's camera.

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which of the following is not true about the allowance for doubtful accounts? It is used instead of reducing accounts receivable
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Answer: what is not true about Allowance for doubtful accounts is that ----It is a liability account

Explanation:

Allowance for doubtful accounts is a contra-asset account that shows only amounts expected to be paid by negating the total receivables recorded on the balance sheet.

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In summary, Allowance for doubtful accounts estimates the amount of accounts receivable expected but will not be paid by customers.

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3 years ago
"A soybean farmer sells soybeans in a perfectly competitive market and hires labor in a perfectly competitive market. The market
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Answer:

Reduce employment because the wage paid is more than the marginal revenue product.

Explanation:

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MR = 4\ bushels*\frac{\$6}{bushel}\\MR=\$24

Since the marginal revenue product of the eight worker is less than the marginal cost (MR < MC), the farmer should reduce employment.

6 0
3 years ago
Reporting the details of notes is consistent with which accounting principle that requires financial statements (including footn
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Answer:

The correct answer is Option B.

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6 0
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Answer:

No donation should be made by the manager

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The best thing the manager should do is not to make any donation as he is aware that the the big man heads a criminal organization that is engaged in drug trafficking, By implication, the big man is indirectly providing fund to the drug trafficking organisation,

In addition, the act of helping the poor in the neighborhood is not a justification for running a drug trafficking organisation by the big man.

The manager should take action by reporting the bug man to the relevant local authority and provide them any information he has about the big man so that they can handle everything appropriately. If he does this, he is carrying his own and company's social responsibility function.

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