Answer: a. substantially greater than the national debt
Explanation:
Answer and Explanation:
The journal entry is shown below
Sales tax (($257,000 + $154,800) ×7%) $28,826
To sales tax payable $28,826
(Being the sales tax expense is recorded)
Here the sales tax is debited as it increased the expense and credited the sales tax payable as it also increased the liability
The calculation is as follows;
= $27,4990 ×100 ÷ 107
= $257,000
And,
= $165,636 × 100 ÷ 107
= $154,800
When we say prejudice, this means a preconceived judgment about someone or something without basing it on actual information or facts. In this case, prejudice would be an example of social attitude problem and this would affect the factor of social attitudes. The answer would be option B. Hope this helps.
Answer:
$27,175
Explanation:
Year 1
Sales $62,500
Depreciation $8,000
Operating Cost $25,000
Total Expense <u>($33,000)</u>
Income Before tax $29,500
Tax 35% <u>($10,325)</u>
Net Income <u>$19,175</u>
Interest Expense is not relevant to the project, It is a financing decision which will not be part of project calculation.
As the Net income includes the deduction of non cash item of depreciation. so, it will be added back to calculate the cash flow.
Cash Flow in year 1 = Net Income + Depreciation = $19,175 + $8,000 = $27,175
Answer:
The answer is: B) $175
Explanation:
Caroline made an income of $500 from this transaction and it should be taxed at ordinary income rate (35%).
Caroline´s taxes = $500 x 35% = $175
In order for Caroline to be taxed at 15% (capital gains rate) she should have sold a capital asset that she had owned for more than one year, but in this case she didn´t sell any stock.
