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rjkz [21]
3 years ago
10

Jamal is a nurse and earns $48,000 per year. He lives in California and pays about 6 percent of his income in state income taxes

. His sales tax rate is 8 percent. Diamond is an accountant and earns $50,000 per year. She lives in Arizona and pays about 3 percent of her income in state income taxes. Her sales tax rate is 9.5 percent. Jamal and Diamond are calculating their taxes for the year. They both have no dependents, so their federal tax rates are the same. Who would pay more in federal income taxes? Who would pay more in sales taxes when making purchases?
Business
2 answers:
Klio2033 [76]3 years ago
8 0

Answer:

1. Diamond

2. Diamond

Explanation:

VikaD [51]3 years ago
3 0

Answer:

A. Diamond

B. Diamond

Explanation:

Diamond earns more than Ethan and therefore pays more tax. The sales tax in Diamond community is higher comparing to Ethan

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Documents with a lot of text and not much white space:_______
Maru [420]

Answer:

make business texts look cluttered

Explanation:

Documents with a lot of text and not much white space makes business text look cluttered due to a lot of content which makes the text seem disorganized. Another disadvantage of cluttered text is that they are difficult to comprehend by an untrained eye.

4 0
3 years ago
3. Which of the following is not a characteristic of a good citizen?
Elan Coil [88]

Answer:

Owning property

Explanation:

Its the only one that affects solely 1 person rather than benefit the community as a whole

6 0
3 years ago
Joshua borrowed $500 on January 1, 2017, and paid $25 in interest. The bank charged him a service charge of $15. He paid it all
Elena-2011 [213]

Answer: 8%

Explanation:

The Annual Percentage Rate or APR for short is calculated by dividing the finance cost by the total amount borrowed in the following manner,

APR = Finance Charge / Amount borrowed.

To calculate the Finance charge we add the interest and the service charge.

Finance charge = 25 + 15

= $40

Back to the APR formula we will have,

APR = Finance Charge / Amount borrowed

APR = 40/500

= 0.08

APR is 8%.

3 0
3 years ago
To prepare for the construction of its new headquarters, Baker Co. purchased a 500-acre plot of land on August 5, Year 1. Baker
leonid [27]

Answer:

FASB ASC 835-20-15-8

Explanation:

This section explicitly states that in order for interests to qualify for interest capitalization, the assets purchased through the loan must be getting ready for its intended use. E.g. if you want to capitalize the interests on the land, you must carry out activities necessary to prepare it for its intended use. Or if you purchase a machinery, you must be installing it in order to get it ready to produce.

4 0
3 years ago
Excess cash is cash that is excess to the operations of a company and is considered "negative debt" because the cash could be us
Harrizon [31]

Answer:

True

Explanation:

Excess cash is a term used in the for the residual cash flow of operation. It is calculated after adding the non cash expenses in the net income of the company and deducting all the capital expenditures. This is the cash balance which is available for the reinvestment purpose and for distribution to the stockholders. This cash can also be used to reduce the gearing of the company and there is a cost attached to it if used for payment of loan, which is the rate or return from the reinvestment of these cash flows.

6 0
3 years ago
Read 2 more answers
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