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Jobisdone [24]
3 years ago
12

Suppose you graduate with an accounting degree and then become a certified public accountant. You work for a big firm, but are o

ffered a chance to prepare tax documents for your city government as an independent contractor. The city offers to pay you a consulting fee of $10,000. When deciding whether to accept the additional work, the most important tax factor in your decision is:
Business
1 answer:
alisha [4.7K]3 years ago
3 0

Answer:

The answer is: marginal tax rate

Explanation:

The IRS uses tax brackets to determine how much taxes you owe. As your gross income increases and you pass to the next tax bracket, your tax rate also increases.

For example, a single filer who earns $75,000 a year will have a 22% tax rate. If his income increases to $85,000, then his tax rate will be 24%.  

You might be interested in
Between January 2010 and January 2016, U.S. employment increased by 12.1 million workers, but the number of unemployed workers d
Blababa [14]

Answer:

False, the labor forced increased

Explanation:

labor force = total number of people actively working (employed) or searching for jobs (unemployed)

lets say L = the total labor force in 2010

by 2016, L had increased by 12.1 million and decreased by 7.3 million

net change of L = 12.1 - 7.3 = 4.8 more million people were part of the labor force in 2016 than in 2010.

5 0
3 years ago
Contingency planning is also known as Group of answer choices a trend analysis. scenario planning and scenario analysis. organiz
qaws [65]

Answer:

scenario planning and scenario analysis.

Explanation:

Planning can be defined as the process of developing organizational objectives and translating them into action plans or courses of action.

This ultimately implies that, planning is a strategic technique used by organizations to make an aggregate plan for its manufacturing (production) process typically ahead of time, in order to have an idea of the level of goods that are to be produced and what resources are required so as to reduce the total cost of production to its barest minimum.

Contingency planning is also known as scenario planning and scenario analysis.

Basically, a contingency planning is a type of plan that is typically designed by a business firm to take into account a possible future circumstance or event based on a forecast.

6 0
2 years ago
What occurs immediately after a boom in the business cycle?
Kaylis [27]

Answer:

recession good luck :)

8 0
3 years ago
What is the award recieved after completing a four year undergrad program called?
madam [21]
The award received after completing a four year undergrad program is called a bachelors degree. 
3 0
3 years ago
The purpose of an analysis of an account is to illustrate - in the account for the period under audit
Archy [21]

Answer:

all changes

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP).

An auditor refers to an authorized individual who review, examine and verify the authenticity and accuracy of business financial records or transactions.

The purpose of an analysis of an account is to illustrate all changes in the account for the period under audit. Thus, an audit of historical financial statements most commonly includes the balance sheet, income statement, statement of cash flows, and the statement of changes in stockholders' equity.

There are two (2) main types of financial analysis;

I. Vertical analysis.

II. Horizontal analysis.

In Financial accounting, Horizontal analysis can be defined as an analysis and evaluation of a financial statement which illustrates or gives information about changes in the amount of corresponding financial statement items, benchmarks or financial ratio over a specific period of time. It is one of the most important technique that is used to measure how a business is doing financially. Hence, it is also referred to as the trend analysis.

Under the horizontal analysis of financial statement, we use the financial statements of two or more periods; earliest and latter periods.

Generally, the earliest is chosen as the base period while all other items on the statement for a latter period will be compared with the items on the statement of the base period.

3 0
2 years ago
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