Answer:
The correct answer is letter "D": the revenue a government created by printing money.
Explanation:
<em>When the government prints more money, there will be more supply of it. A higher supply of money tends to increase general prices causing inflation. Therefore, households will have to pay more money for goods and services which implies they will be paying more taxes, benefiting the government since it will have more money to finance its projects.
</em>
The previous practice mentioned is implemented by governments that are not willing to increase the interest rate directly.
Answer:
24%
Explanation:
For the taxes due on April 2020 (current year taxes):
The Lin household falls under the fourth tax bracket for married individuals filing jointly:
- tax rate 24%
- Income between $171,051 to $326,600
If no deductions were available, they would owe $188,000 x 24% = $45,120 in taxes.
At the end of given period the gross profit method is required to estimate inventory.The valuation become invalid when the following are not available.the value for the beginning of inventory,records of purchase made, the total sale during the period and the gross profit margin.
Answer:
Option (d) : $24.8 and $15.7
Explanation:
As per the data given in the question,
Number of units produced = 10,000
Number of units sold = 6,000
Cost per unit = Amount/ 10,000
Absorption Variable
Direct material $5.2 $5.2
Direct Labor $8 $8
Variable manufacturing overhead $2.5 $2.5
Fixed manufacturing overhead $9.1 $9.1
Unit product cost $24.8 $15.7
Answer:
The answer is B. $210,000
Explanation:
Retained Earnings is the part of profit that is not spent. It is put back into the business after the dividend must have been paid from profit for the year.
Ending retained earnings = beginning Retained Earnings plus net income minus dividend
Beginning Retained Earnings is $150,000
Net income is $95,000
Dividend is $35,000
Therefore amount of Retained Earnings at December 31, 2019 is
$150,000+$95,000-$35,000
=$210,000
