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snow_tiger [21]
2 years ago
10

Emily had an excellent year as a salesperson in 2015, earning $97,000. she paid $37,000 for necessities such as mortgage, food,

and clothing. her state and federal income taxes totaled $24,000. what was her discretionary income?
Business
1 answer:
ycow [4]2 years ago
4 0

Discretionary income is the amount of money remaining from her income after paying federal taxes, other mandatory charges, and necessary expenditures for living. In this situation, Emily is earning a gross income of $97,000. When you deduct her necessary expenditures for mortgage, food, and clothing in the amount of $37,000 and her federal income taxes in the amount of $24,000 from her gross income, you can get her discretionary income which is $36,000.

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Answer:

156.6%

Explanation:

Given:

Cosi Company's Incurred over head for the next period = $830,000

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Thus,

Total labor cost = 53,000 × $10.00 = $530,000

Now,

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on substituting the respective values, we get

Predetermined overhead rate = ( $830,000 / 530,000 ) = 1.566

or

Predetermined overhead rate = 1.566 × 100% = 156.6%

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Explanation:

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Phantasy [73]

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4 0
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Answer:

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