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jolli1 [7]
3 years ago
6

In recent times, the top ______ percent of households by income made over $320,000.

Business
1 answer:
kozerog [31]3 years ago
6 0
In recent time, the top 5% of households by income made over $320,000.
A recent report released by US Census Bureau have discovered that approximately five percent of households in America made over 320,000 dollars in income in a year.
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Bernie is a participant in his employer's non-contributory ESOP. Two years ago, his employer contributed stock with a fair marke
vampirchik [111]

Answer:

taxable amount = $10,000

Explanation:

given data

2 year ago fair market value = $30,000

fair market value = $40,000

sold the stock =  $50,000

solution

we get here taxable amount  when ESOP sold

so taxable amount = Selling price - fair market value on distribution  date ...........1

put here value

taxable amount = $50000 - $40000

taxable amount = $10,000 long term capital gain

3 0
2 years ago
Prepare journal entries for each transaction listed. (If no entry is required for a transaction/event, select "No Journal Entry
AysviL [449]

Answer:

The journal entries are shown below:

Explanation:

According to the scenario, the journal entries for the given data are as follows:

(1). Jun.30   Bad Debt expense A/c Dr $12,800

                   To Allowance for Doubtful A/c $12,800

                    (Being the bad debt expense is recorded)

(2). July       Allowance for Doubtful A/c Dr $6,400

                   To Accounts Receivable A/c $6,400

                    (Being the customer balance written off is recorded)

7 0
3 years ago
What are the advantages and disadvantages of paying the new manager primarily cash pay?
Sindrei [870]
The advantages of primarily cash pay are the following:
1. It motivates the owner to expand the business.
2. The desirable increase in the level of services.

The disadvantages are the following:
1. There was a little incentive to the owner.
2. There was potential to lose sight to the customers.
7 0
3 years ago
When band-aid decided to expand into ointments, gauze, tape, and antibiotic treatments, the company engaged in what type of bran
Margaret [11]
I would say this brand would be to do with having a line of goods ie for related goods, not just for one item but a number of related items so that their buyers will have much more to choose from and their sales should improve significantly.
8 0
3 years ago
If the payment is not made on the credit card by the end of the billing cycle,
Anuta_ua [19.1K]

Answer:

A late fee will be charged.

Explanation:

hope this helped

7 0
3 years ago
Read 2 more answers
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