Answer:
$4,502
Explanation:
Brad's gross pay for the month is $6,400. His deduction for federal income tax is based on a rate of 22%.
Brad's net pay if we assume a FICAlong - OASDI Tax of 6.2% and FICAlong -Medicare Tax of 1.45%. will be:
His gross pay for the month less all the statutory deductions
$6400 - [(0.22 x 6400) + (0.062 x 6400) + (0.0145 x 6400)] = $4,502
Answer:
The correct answer is option B.
Explanation:
Nominal GDP measures economic growth at current prices. It measures the value of output produced on the basis of current prices. It is thus not an inflation measure of economic growth as it includes the change in the price level.
Real GDP is an inflation-adjusted method to measure economic growth. It measures a change in economic output on the basis of constant. It is thus considered a more accurate measure of the economic growth of a nation as it is not influenced by changes in the price level.
Answer:
Contribution margin= 250,000
Explanation:
Giving the following information:
Sales $590,000
Total fixed expenses $150,000
Cost of goods sold $390,000
Total variable expenses $340,000
<u>A CVP income statements provides the following structure:</u>
<u></u>
Sales= 590,000
Total variable costs= (340,000)
Contribution margin= 250,000
Answer:
1.30
Explanation:
The cost of production is usually split into direct and indirect cost or overheads. the overheads is usually stated as a function of the direct cost( labour, machine hours, materials etc.)
The predetermined overhead rate
= $1,170,000/$900,000
= 1.3
This means that the company will incur an overhead cost of $1.30 for every $1 spent on direct materials.
The best transportation option for Jim is C. Utilizing his saving as a down payment and buying the car using an auto loan.
<h3>Further explanation
</h3>
Auto loan is a loan secured for the expressed purpose of purchasing a car. We can save money by paying off your car loan early. Because we are most likely more than halfway through our loan, most of our payment is currently going toward the principal.
There are four basic building blocks of a car loan:
1. Loan Cost
: the principal and the interest. The principal is the negotiated cost of the vehicle itself. The interest refers to the total amount of the costs accrued over the life of the loan based on the principal amount and the stated interest rate.
2. Interest Rate
: a basic rate charged to the borrower for the money loaned.
3. Down Payment
: an upfront amount of cash paid by the borrower at the time of the purchase of the vehicle.
4. Terms and Conditions
: all of the other items that make up a car loan, including the term of the loan, normally stated in a number of months or years; insurance and registration requirements; loan payoff and resale terms; etc
<h3>Learn more</h3>
- Learn more about auto loan of car brainly.com/question/12389122
- Learn more about Leasing car brainly.com/question/3068511
- Learn more about Renting car brainly.com/question/11856182
<h3>Answer details</h3>
Grade: 9
Subject: business
Chapter: car
Keywords: the market for a car, money, the best transportation option, saving, auto loan.
