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3 years ago

Use this tax table to find how much tax you need to pay on a taxable income of $40,000.

1 answer:

7 0

Well, you look at the tax table and you will look and see what section the 40,000 belongs in and go from there.

So you will take
40,000-31,850=8,150
Then you take
8,150*25%(0.25)=2,037.50
Finally you will take
2,037.50+4,386.25=6,423.75

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If an industry is made up of five identical firms, the four - firm concentration ratio is

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I had to look for the options and here is the answer. The concentration ratio that is being referred to the description above is 80%. This means that the industry consists of five identical firms and the four-firm concentration is being referred to. Hope this answers your question.

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3 years ago

A customer tells you that they “must have” a particular item that you are out of in your store. You can tell that the customer i

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4 years ago

Scenario: Frankfurter Friday Betty Cleveland is the vice president of Frankfurter Friday, a highly successful hot dog joint in O

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OPTIONS:

A. Individualism

B. Imperialism

C. Ethnocentricism

D. Collectivism

Answer:

C. Ethnocentricism

Explanation:

Ethnocentrism is a term that is used to describe the belief people hold about their culture or group and how they view other’s culture, in such a way that they consider theirs superior to others, and judge others way of life or culture as inferior.

The trait displayed by Craig is that of ethnocentrism, as he considers the people of China less competent and less skilled than the people of his country. Such trait would be detrimental to the success of his company establishing a chain in China, hence, Betty decided not transfer him to join the team going to China to establish a chain there.

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3 years ago

On his birthday, Kamran receives $200 from his aunt, $50 of which he decides to save. He is taken out by his father for lunch. H

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Explanation:

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3 years ago

On January 5, 2020, Sheffield Corporation received a charter granting the right to issue 5,100 shares of $100 par value, 7% cumu

andrew11 [14]

Answer:

Sheffield Corporation

Journal Entries

Date Description DR CR

Jan 11 Cash 292,500

Common stock 195,000

Paid in Capital for common stock 97,500

Being the amount received on issue of

Feb 11 Equipment 53,300

Factory Building 152,000

Land 295,000

Prefereed stock 410,000

Paid -in -capital for Preferred stock 90,300

July 29 Treasury stock 25,600

Cash 25,600

Being the payment of own share purchased

Aug 10 Cash 22,400

Retained Earnings 3,200

Treasury stock 25,600

Dec 31 Retained earnings 10,025

Dividend(0.35*19500) 6,825

Treasury stock 3,200

Dec 31 Net Income ( Income Summary) 158,400

Retained Earnings 158,400

Balance sheet as at Dec 31

Equity

Common stock at $10 par value $195,000

7% Preferred Stock 410,000

Paid in capital for common stock 97,500

Paid in capital for Preferred stock 90,300

Retained Earnings ( 158,400-6825-3200) 148,375

941,175

Explanation:

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3 years ago