Gross income is different from Taxable Income. There are deductions that must be deducted from gross income to arrive at the taxable income.
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Federal income tax this year</h3>
Correct option is C.
Georgia pay in federal income tax this year "$5,696. 00"
In order to find federal income tax, calculate adjusted gross income.
Then from adjusted gross income, subtract exemptions and deductions to get your taxable income.
Only 11 % of the people who belong to the age group 25-55 years do not pay federal income tax while more than 80% who belong to the age group of 75 years or older also do not pay tax.
Georgia's gross pay 35,600 this year.
Rate of federal income tax = 16%
Hence, amount paid by Georgia = 16/100×35,600 =$5696
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The correct answer is false.
It is false that the slope of the investment demand function indicates how sensitive investment is to changes in real interest rates. The 'steeper' the investment demand function, the less sensitive investment is to changes in the real rate of interest, all else constant.
We can say that the downward slope is the consequence of several reasons. For instance, the concept that money, its nominal value, is fixed. However, the real value of money depends on the level of prices. So the demand for money is related to the demand for it. The interest rate falls when the price level falls.
A Vision Statement is an aspirational description of what an organization would like to achieve or accomplish in the mid-term or long-term future.
The statement, the more familiar customers are with a brand, the harder their decision-making process will be is false.
When the customers are more familiar with a brand, it is not always necessary that the decision-making process will be harder for them. The customers decision depends more on the economical factors as well.
The various brands does play an important role in influencing the customers decision-making process. Brands enable customers to quickly differentiate one firm or product from another.
Hence, it is not always the case where the customers who are familiar with the brand have hard time making decisions.
To learn more about the decision-making process here:
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Answer:
The answer is
2 January
Dr: Equipment $48,750
Cr: ordinary shares $20,000
Cr: Paid in capital in excess
of par - ordinary shares $28,750
Explanation:
Cost of the equipment is:
5,000 shares x $9.75 per share
=$48,750.
Common stock (equity) is:
5,000 shares x $4.00 face value
=$20,000
Paid in capital in far more than par - ordinary shares is:
$48,750 - $20,000
=$28,750
2 January
Dr: Equipment $48,750
Cr: ordinary shares $20,000
Cr: Paid in capital in excess
of par - ordinary shares $28,750
