Answer: $35 million (nearest whole million)
Explanation:
To calculate the current year's tax Payable we will start by ascertaining the Net Taxable income.
Fema Corporation did not account for the net operating loss carryforward of $81 million in the $200 million pretax accounting and taxable income for the current year so we have to do that.
Doing that would be,
= $200 million - 81 million
= $119 million
This is the Net Taxable Income.
We will then use the NEW tax rate which was effected immediately to determine the new Tax Payable,
= $119 million * 0.29
= $34.51 million
= $35 million (nearest whole million)
Answer:
the value of the marginal product of labor is $500
Explanation:
The computation of the value of the marginal product of labor is shown below:
= MRP × price per unit
= 10 units × $50 per unit
= $500
hence, the value of the marginal product of labor is $500
We simply applied the above formula
The company uses a job-order costing system that applies manufacturing overhead cost to jobs on the basis of direct labor-hours
<h3>What is
manufacturing?</h3>
Manufacturing is the process of creating or producing goods using equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the economy's secondary sector.
The Manufacturing Principles are a set of elements shared by all manufacturing industries that revolve around the concepts of flow and variation. These principles have emerged as a result of close collaboration with the manufacturing industries at both the research and operational levels.
API production entails a wide range of complex chemical or biological processes. API synthesis from raw materials necessitates multi-step procedures involving a variety of high-tech processing technologies.
To know more about manufacturing follow the link:
brainly.com/question/26320301
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Both A and B (Health Insurance and Retirement Savings) are an example of a withholding you might see on your pay stub.
<h3>Further explanation
</h3>
A withholding tax is the income tax paid to the government by the payer of the income rather than by the recipient of the income. Withholding allowance is an exemption that reduces how much income tax of an employer deducts from an employee's paycheck.
A pay stub also known as a paycheck stub or pay slip is the document that itemizes how much employees are paid. It is that outlines the details of their pay of each pay period.
The pay stub include:
- Gross wages (the amount you earn before deductions)
- Tax deductions (federal, state, and local taxes, social security, medicare)
- Other deductions (health insurance, life insurance)
Both A and B (Health Insurance and Retirement Savings) are an example of the withholding you might see on your pay stub. Health insurance is the insurance against illness, accident, injury, poisoning also life threatening conditions.
<h3>Learn more</h3>
- Learn more about health insurance brainly.com/question/10257913
- Learn more about retirement savings brainly.com/question/10344819
-
Learn more
about withholding tax brainly.com/question/13401026
<h3>Answer details</h3>
Grade: 9
Subject: business
Chapter: pay stub
Keywords: pay stub, health insurance, withholding tax, retirement savings, paycheck
