Answer:
Net income = $20,940
Explanation:
Answer 1.
Accounts
Cash Receipts 32,000
Expenses
Advertising 500
Depreciation 3,200
Car & Truck Expense 1,360
Employee Compensation 5,000
Education 1,000 11,060
Net Income 20,940
Therefore, the net income that Smith should report from his business after considering all the cash receipts and all the expenditures associated with his business is $20,940. All the expenses are to be deducted from income.
The total is $1,437.
Before June she had already paid social security on $100,000 in earnings. So, in June she only needs to pay social security on $18,500.
$18,500 x .062 = $1,147
She pays Medicare on all of June’s earnings = $20,000 x .0145 = $290
The total amount of FICA -social security withheld from this employee in June is $290 + $1,147 = $1,437
The answer is B because I done my research online and I did my calculations and according to my calculations that’s the andwer
Answer:
Infant industry.
Explanation:
In this scenario, Company Z is a U.S. company that is the first in this country to produce a good that is already produced in many foreign countries and sold in the United States. Most likely, the argument it will voice in its attempt to be protected from foreign competition is the infant industry argument.
An infant industry can be defined as an industry that is still in its early stages of development and as such are not capable of competing with foreign companies.
<em>Hence, according to the infant industry theory the argument would be that infant industries should be offered some kind of protection from competitors in other industries either foreign or local until they mature and develop a good and reputable economies of scale. </em>
Answer:
10.16%
Explanation:
The computation of the effective return for this investment is shown below:
Let us assume that we invested an amount in Australian dollars 100
The return is 8%
After one year, the amount is 108
Now the converting amount is 110.16 (108 × 102%)
Now the effective rate for this investment is
= 110.16 - 100
= 10.16%
