The amount of net investment income tax that the taxpayer is required to pay is $231.
<h3 />
<h3>What is
net investment income tax?</h3>
Net Investment Income Tax are generally imposed by the Internal Revenue on entities' net investment income.
Net investment income tax = ($6,150 - $75) * 3.8%
Net investment income tax = $6,050 * 3.8%
Net investment income tax = $231
In conclusion, the amount of net investment income tax that the taxpayer is required to pay is $231.
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Answer:
Explanation:
Journal entries:
Oct 1
Dr Cash 41,000
Cr Common stock 41,000
Oct 2
No entry
Oct 3
Dr Equipment 4,400
Cr Accounts payable 4,400
Oct 6
Dr Accounts receivable 13,000
Cr Sales 13,000
Oct 10
Dr Cash 170
Cr Service revenue 170
Oct 27
Dr Accounts Payable 880
Cr Cash 880
Oct 30
Dr Salaries expense 2,500
Cr Cash 2,500
Answer:
d. horizontally summing individual supply curves.
Explanation:
Each firm will have its own supply curve depicting the relationship between the price and the quantity of goods it is willing to produce at that given price. The market supply curve is obtained by aggregating the different firm supply curves i.e. the total quantity suppliers are willing to produce when the product is sold for a given price.
Based on the above, option d is the correct answer.
Answer:
It is a good investment, the company should purchase the machine and sale the old one.
Explanation:
![\right[\begin{array}{cccc}-&old&new&differential\\purchase&0&-112,500&-112,500\\proceed \:from \:sale&0&60,000&60,000\\cost \:savings&0&13,000&13,000\\total \:cost \:saving&0&65,000&65,000\\Net&0&78,000&12,500\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cright%5B%5Cbegin%7Barray%7D%7Bcccc%7D-%26old%26new%26differential%5C%5Cpurchase%260%26-112%2C500%26-112%2C500%5C%5Cproceed%20%5C%3Afrom%20%5C%3Asale%260%2660%2C000%2660%2C000%5C%5Ccost%20%5C%3Asavings%260%2613%2C000%2613%2C000%5C%5Ctotal%20%5C%3Acost%20%5C%3Asaving%260%2665%2C000%2665%2C000%5C%5CNet%260%2678%2C000%2612%2C500%5C%5C%5Cend%7Barray%7D%5Cright%5D)
<u>We post the purchase cost and the proceeds from the machine sale, </u>
<u>The book value of the machine is irrelevant, </u>we are looking to save cash. The old machine value is a sunk cost. It is a cost already incurred. We don't use it in the calculations.
<u>Then we calculate the saving for five years. </u>
Last, we add the differential analysis column.
Because is gives a positive amount, purchase the new machien would be a good idea.
