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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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What is the moral hazard problem?a. The problem that managers of a financial firm will take on riskier investments because they

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Moral Hazard occurs when a person increases its exposure to risk because someone else bears the the cost of those risk(Insurance companies)

Explanation:

Moral Hazard usually occurs when their is information asymmetry,the risk taking party has more information than the risk incurring party.

The financial crisis of 2008 is the best example of the Moral Hazard Problem.

The Moral Hazard Problem arises because the managers of the financial firm took over riskier investments because they believed that the federal government will save them from the bankruptcy.

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3 years ago

A family wishes to save for future college expenses. Which financial tool should the family invest in?

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Answer:

529 Plan

Explanation:

A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs.

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3 years ago

What is network architecture?

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Answer:

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3 years ago

A farmer grows a bushel of wheat and sells it to a miller for $1. The miller turns the wheat into flour and then sells the flour

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Answer: $Value added by farmer = $1 Value added by miller = $2 Value added by the baker = $3$

GDP contribution is $6.

Explanation: GDP refers to the market value of final goods and services produced withing the national territory of a country.

Using the value added method, we can calculate GDP by summing up the value added at each level of production.

$Value added by farmer = $1 Value added by miller = $3 -$1 = $2 Value added by the baker = $6 - $3 = $3$

$GDP = Value added by the farmer +Value added by the miller + Value added by the baker = $1 + $2 +$3 =$6$

Using the expenditure approach, GDP is the market value of the final good sold to the customer.

GDP = Cost of bread to the engineer = $6

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3 years ago

In its 2021 income statement, Cohen Corp. reported depreciation of $3,700,000 and interest revenue on municipal obligations of $

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Answer:

The correct answer is $300,000.

Explanation:

According to the scenario, the computation of the given data are as follows:

First we calculate the difference in depreciation,

So, difference in depreciation = $5,500,000 - $3,700,000 = $1,800,000

As, Depreciation is for 3 years,

So, depreciation per year = $1,800,000 ÷ 3 = $600,000

Now, we can calculate the deferred income tax liability as follows:

Deferred income tax liability = $600,000 × 20% + $600,000 × 15% + $600,000 × 15%

= $120,000 + $90,000 + $90,000

= $300,000

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3 years ago