1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
frozen [14]
3 years ago
10

Mr. E, a petroleum engineer, earns an $72,500 annual salary, while Mrs. E, a homemaker, has no earned income. Under current law,

the couple pays 20 percent in state and federal income tax. Because of recent tax law changes, the couple’s future tax rate will increase to 28 percent. If Mrs. E decides to take a part-time job because of the rate increase, how much income must she earn to maintain the couple’s after-tax disposable income? (Round your intermediate calculations and final answer to the nearest whole dollar amount.)
Business
1 answer:
Andreyy893 years ago
3 0

Answer:

It will require an income for 80,556 before taxes

Explanation:

Fiorst, we will calculate the current tafter tax income:

72,500 x 20% = 14,500 tax expense

72,500 - 14,500 = 58,000 after-tax income

Now, we will calculate the pre-tax income to keep the same after-tax income with the new rate:

pretax income x ( 1 - new tax rate) = 58,000

pretax income x ( 1 - 0.28) = 58,000

pretax income = 58,000/0.72 = 80,555.56

At this level, Mr E will obtain the same after-tax income

You might be interested in
An analytical technique used by management to focus attention on the most significant variances and give less attention to the a
vovikov84 [41]

Answer:

Management by exception

Explanation:

This is a practice of examining the financial as well as operational results of a business and bringing to management only those differences that show a significant difference between the budgeted and actual amounts. This allows managers to focus on the highly important variances that can affect the growth and profitability of a company significantly. This concept, can however be fine-tuned where small variances are shown but to low-level managers whilst the senior managers will look at the large variances.

8 0
2 years ago
Union local school district has a bond outstanding with a coupon rate of 3.3 percent paid semiannually and 20 years to maturity.
topjm [15]

Answer:

$9,438.22

Explanation:

For computing the price of the bond we need to apply the present value formula i.e be to shown in the attachment below:

Given that,  

Future value = $10,000

Rate of interest = 3.7%  ÷ 2 = 1.85%

NPER = 20 years  × 2 = 40 years

PMT = $10,000 × 3.3% ÷ 2 = $165

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after applying the above formula, the price of the bond is $9,438.22

8 0
3 years ago
The Minton Company has gathered the following information for a unit of its most popular product: Direct materials $ 7 Direct la
Blababa [14]

Answer: $14,500

Explanation:

Sales = 2,900 units × $19 per unit

         = $55,100

Direct material = 2,900 units × $7

                         = $20,300

Direct labor = 2,900 units × $3

                         = $8,700

Variable Overhead = 2,900 units × 50% × 6

                                = $8,700

Variable shipping and other selling expense = 2,900 units × $1 per unit

                                                                           = $2,900

Net profit from special order:

= Sales - Direct material - Direct labor - Variable Overhead - Variable shipping and other selling expense

= $55,100 - $20,300 - $8,700 - $8,700 - $2,900

= $14,500

Therefore, if the special order is accepted, Minton's operating profits will increase by $14,500.

8 0
3 years ago
the gross sales for store B were 876500. the custmer returns and allowances were 10%. what was the dollar amount of returns and
Marina CMI [18]

Answer:

$87,650

Explanation:

The computation of the dollar amount of returns and allowances  is shown below:

= Gross sales for store B × customer returns and allowances percentage

= $876,500 × 10%

= $87,650

By multiplying the gross sales with the customer returns and allowances percentage we can get the dollar amount with respect to the returns and allowances and the same is to be considered

7 0
3 years ago
Explain south africa's reaction to the recommendations given by the who
LenaWriter [7]

Answer:

WHO guidelines

The development of global guidelines ensuring the appropriate use of evidence represents one of the core functions of WHO.

A WHO guideline is defined broadly as any information product developed by WHO that contains recommendations for clinical practice or public health policy. Recommendations are statements designed to help end-users make informed decisions on whether, when and how to undertake specific actions such as clinical interventions, diagnostic tests or public health measures, with the aim of achieving the best possible individual or collective health outcomes.

The Guidelines Review Committee ensure that WHO guidelines are of a high methodological quality and are developed through a transparent, evidence-based decision-making process. Guidelines are subject to a rigorous quality assurance process that helps to ensure that each and every published guideline is trustworthy, impactful and meets the highest international standards.

Explanation:

WHO guidelines

The development of global guidelines ensuring the appropriate use of evidence represents one of the core functions of WHO.

A WHO guideline is defined broadly as any information product developed by WHO that contains recommendations for clinical practice or public health policy. Recommendations are statements designed to help end-users make informed decisions on whether, when and how to undertake specific actions such as clinical interventions, diagnostic tests or public health measures, with the aim of achieving the best possible individual or collective health outcomes.

The Guidelines Review Committee ensure that WHO guidelines are of a high methodological quality and are developed through a transparent, evidence-based decision-making process. Guidelines are subject to a rigorous quality assurance process that helps to ensure that each and every published guideline is trustworthy, impactful and meets the highest international standards.

3 0
2 years ago
Other questions:
  • A firm that has recently experienced an enormous growth rate is seeking to lease a small plant in Memphis, TN; Biloxi, MS; or Bi
    7·1 answer
  • On January 1, 2018, Riley Corp. acquired some of the outstanding bonds of one of its subsidiaries. The bonds had a carrying valu
    10·1 answer
  • Actual sales volume for a period is 5,000 units. Budgeted sales volume is 4,500. Actual selling price per unit is $15 an budgete
    14·1 answer
  • What happens to the economy during a recession cycle
    7·1 answer
  • Butler Automotive developed a new diagnostic testing procedure that is expected to increase sales by $10,000 per month. As more
    12·1 answer
  • Ann is interested in purchasing Ted's factory. Since Ann is a poor negotiator, she hires Mary to negotiate the purchase price. I
    14·2 answers
  • Item 4 A coupon bond that pays interest annually has a par value of $1,000, matures in seven years, and has a yield to maturity
    11·1 answer
  • Coronado Company reports the following financial information before adjustments. Dr. Cr. Accounts Receivable $140,800 Allowance
    15·1 answer
  • Wolf Computer exchanged a machine with a book value of $40,000 and a fair value of $45,000 for a very similar machine. In additi
    6·1 answer
  • Care must be taken involving capital investment decisions, since normally a long-term commitment of funds is involved and operat
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!