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NISA [10]
3 years ago
8

Mary is filing Head of Household with a taxable income of $79,280. What is her income tax for Marks: 1 2018? Choose one answer.

O O a. $11,989 b. $13,380 O c. $9,320 O d. $11,978
Business
1 answer:
antiseptic1488 [7]3 years ago
8 0

Answer:

a. $11,989

Explanation:

tax rate // for income above

0.1        //  $           0

0.12        //  $   13,600

0.22       //   $  51,800

0.24      //    $ 82,500

Mary's income of $79,280 is on the third bracket as is lower than the minimum for the fourth bracket.

first bracket:

$13,600 x 10%    =                     $ 1,360

second bracket:

($51,800 - $13,600) x 12%   =    $ 4,584

third bracket

($79,280 - $51,800) x  22%   =  $ 6,045.6

total tax income: 11,989.6

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In the United States, sole proprietorships and partnerships outnumber corporations.a. Trueb. False
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Answer:

a. True

Explanation:

The sole proprietorship and partnerships outnumber corporations in United States but they net fewer sales and less income than corporations, individually and when combined.

8 0
3 years ago
What would the new equilibrium price of tutoring services be if carlos decided to stop tutoring?
wariber [46]
Given the table below

\begin{tabular}
{|p {1cm}|p {1.4cm}|p {1.4cm}|p {1.5cm}|p {1.4cm}|p {1.4cm}|}
{Price per hour&Quantity Supplied by Ann&Quantity Supplied by Bob&Quantity Supplied by Carlos&Market Quantity Supplied&Market Quantity Demanded\\[1ex]
\$50&94&35&19&148&5\\
45&93&33&14&140&8\\
40&90&30&10&130&11\\
35&81&27&6&114&16\\
30&68&20&2&90&22\\
25&50&12&0&62&30\\
20&32&7&0&39&39\\
15&20&0&0&20&47\\
10&10&0&0&10&57
\end{tabular}

From the table it can be seen that at the price of $20, the quantity supplied is equal to the quantity demanded equal to 39.

Also notice that at that price, Carlos is not supplying any service.

Therefore, the equilibruim price <span>of tutoring services be if Carlos decided to stop tutoring is $20.</span>
4 0
2 years ago
A company's liquidity refers to its: ability to collect accounts receivable. ability to sell inventory efficiently. ability to g
algol13
A company's liquidity refers to its <span>ability to pay currently maturing debts.

Liquidity refers to the companies availability of assets that they can turn into cash or cash readily on hand. Maturity refers to a debt that needs to be paid by a certain, fixed date. 
</span>
6 0
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the combination of successive stages of production and distribution under a single ownership defines which vertical marketing sy
ale4655 [162]

Corporate vertical marketing system

3 0
1 year ago
In November, one of the processing departments at Goodsell Corporation had beginning work in process inventory of $36,000 and en
o-na [289]

Answer:

c) $463,000

Explanation:

<u> Goodsell Corporation </u>

<u>FIFO Method </u>

<u></u>

Current Costs

Costs Added                  $ 427,000

<u>Add Beginning Work in Process Inventory  $36,000</u>

<u>Total Current Cost                                      $ 463,000</u>

Cost Transferred Out                   $ 428,000

<u> Add Ending Work in Process Inventory  $35,000</u>

<u>Total Current Cost                                      $ 463,000</u>

FIFO assigns the current period costs to the inventories. Current period costs are obtained by adding the costs transferred out and ending inventories costs  or beginning costs and costs added.

6 0
2 years ago
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