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Brilliant_brown [7]
4 years ago
10

Lily's taxable income before these transactions is $160,500. what are lily's taxable income and tax liability for the year? use

Business
1 answer:
Gennadij [26K]4 years ago
4 0
<span>The tax rate on $160,500 is 25%. So you will have to convert 25% to a decimal which is .25. You then take .25 and multiply it by 160500. The answer is 40125, then you subtract that by 160500 and get 120375. That is her taxable income and liability.</span>
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Which of the following is specifically designed to increase the long run aggregtae suply curve?
wlad13 [49]

Answer: c) developing new technologies.

Explanation:

The Long Run Aggregate Supply (LRAS) curve can only change if the productivity in the Economy changes. One of the ways this can happen is through the use of newer better technology.

The better technology will make production more efficient by producing more goods at a lesser cost which lead to an increase in the GDP potential of the country which is a shift in the LRAS.

4 0
4 years ago
On January 1, year 2, Connor Corporation signed a $100,000 noninterest-bearing note due in three years at a discount rate of 10%
zaharov [31]

Answer:

$84,200

Explanation:

The computation of the amount that should be presented the note as on Dec 31 for year 2 is shown below:

= PV factor 9%, 2 periods × non-interest bearing note amount

= 0.842 × $100,000

= $84,200

Here we considered the 9% interest rate as it is the revalued with respect to the fair value and the same is to be considered

7 0
4 years ago
suppose company has a 32% income tax rate, a contribution margin ratio of 45% and fixe costs of 664,000. what sales volume is ne
Sloan [31]

Answer:

$1,777,777.78

Explanation:

The computation of the sales volume needs to be achieved is shown below:

Sales volume is

= Fixed cost + after tax income ÷ (contribution margin ratio)

= ($664,000 + $136,000) ÷ (0.45)

= $1,777,777.78

We ignored the income tax rate as there is no need in the computation part

By using the above formula, it can be determined in an easily manner

5 0
4 years ago
A(n) ________-based ethics code defines corporate values; creates a supportive environment, and, stresses shared accountability
dolphi86 [110]

Answer:

Integrity

Explanation:

In the event of the integrity based morals code, there is a joining of the laws administering the Corporate with that of the administrative duty and responsibility that underlines on following up on moral way along these lines encouraging a strong domain and putting worry upon shared responsibility.

In integrity based morals codes, together all workers expected to consequently share the responsibility to act morally.

6 0
3 years ago
A sporting equipment store expects to purchase $8,700 of ski boots in October. The store had $2,300 of ski boots in merchandise
likoan [24]

Answer:

The expected cost of goods sold for the month of October would be $9700

Explanation:

Formula for taking out cost of goods sold  (October) -

              BEGINNING INVENTORY

                               +

              PURCHASING  MADE

                               +

              ENDING INVENTORY

Available information -  beginning inventory = $2300

                                       purchase = $8700

                                       ending inventory =  $1300

Putting the values in the formula -

= $2300 + $8700 - $1300

= $9700

5 0
3 years ago
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