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4 years ago

How do you find tax liability?

Business

1 answer:

antoniya [11.8K]4 years ago

8 0

Answer:

Find answer in the explanation below

Explanation:

Tax liability can be defined as the total amount of taxes an individual, corporation, company, etc owes a tax authority or service at a given period of time.

The Internal Revenue Service is responsible for the taxation and collection of taxes from individuals to multinationals.

tax liability can also simply be said to be the amount in taxes that is owed the government individuals downs to multinationals.

Tax liability can be found or derived from taxable incomes. This is started by deducting taxable income - tax deductions = gross tax liability

gross tax liabilty - tax credits = tax liability.

Cheers.

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Disney positions its brand as “a magical world where your dreams come true.” In its brand positioning, what goal does Disney ach

mars1129 [50]

Answer:

By mentioning to be "a magical world where your dreams come true", Disney seeks to position its brand by appealing to the illusion of its youngest consumers, who believe and enjoy that magical world as they consider it to be real. In turn, it also targets a more adult audience, the parents of those children and even young adults who remember their childhood, and seek through Disney to return to that magical world far from the problems of daily life. Thus, through empathy and the generation of nostalgia, Disney captures a market that is receptive to its products due to the sentimentality they imply.

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3 years ago

Larkspur Inc. wishes to lease machinery to Thiensville Company. Thiensville wants the machinery for 4 years, although it has a u

Leni [432]

Answer:

Annual lease payment = $6874.69

Explanation:

Computation of annual rental payment:

Residual value = 28000

present value (6%,4Yr) = 0.79209

Present value = 28000 x 0.79209

present value of residual value = $22178.52

Fair value of machine = $46000

Less: present value of residual value =22178.52

Amount recover from lease = Fair value of machine minus present value of residual value

Amount recover from lease = $46000 - $22178.52

Amount recover from lease = $23821.5

Annual lease payment = Amount to be recover from lease divided by present value Annuity factor (6%,4yr)

Annual lease payment = 23821.5/3.46510

Hence,

Annual lease payment = $6874.69

8 0

3 years ago

Which one of the following statements regarding the task of staffing the organization in a manner that facilitates strategy exec

riadik2000 [5.3K]

Answer: The overriding aim in building a management team should be to replace weak executives who lack strong skills in closely supervising the people who work under them

Explanation: The success of an organization is dependent on several factors including the presence of strategic and result oriented executive within its workforce. This is a vital and important aspect of building and organization capable of withstanding the competirmtuve nature of the market. Being strategic requires smartness, knowledge, experience, expertise and skills in other to make proactive suggestions required to execute groundbreaking projects.

Hence, based on the options provided above, the aim of strategic execution should not be focused on replacing executives who are perceived as being weak.

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4 years ago

Work in process inventory on December 31 of the current year is $44,000. Work in process inventory increased by 60% during the y

andreyandreev [35.5K]

Answer:

Total manufacturing cost will be $291500

Explanation:

We have given work in progress inventory on December 31 of current year is $44000

It is given that work in progress inventory is increased by 60% during the year

So in beginning work in progress inventory $=\frac{44000}{1.6}=27500$ $

We have given cost of goods manufactured = $275000

Cost of goods manufactured = work in progress inventory + total manufacturing costs incurred - Ending work in progress inventory

So 275000 = 27500 + total manufacturing costs incurred - 44000

Total manufacturing costs incurred = 275000 - 27500 +44000 = $291500

7 0

4 years ago

Which is cheaper: eating out or dining in? the mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13

Daniel [21]

Answer:

$H_o: \mu \geq 13.04\\H_{\alpha}: \mu \geq 13.04$

b) 0.0751

c) We cannot afirm whether eating out or dinning in is cheaper

d) do not reject neither.

<u>Questions:</u>

(a). Develop appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean cost of a restaurant meal is less than fixing a comparable meal at home.

(b). Using the sample from the 100 restaurants, what is the p -value?

(c). At α = .05 ,what is your conclusion?

(d). Repeat the preceding hypothesis test using the critical value approach

Explanation:

(b)

$\frac{X-\mu}{\sigma \sqrt{n} } = P_v\\\frac{12.75-13.04}{2 \sqrt{100} } = -1.45$

We use excel function to get the Pz which is .0751

(c). 0.0751 > .05 , We cannot reject the hypotesis. Thus, we can neither say dinning in is more cheap nor eating out is cheaper.

(d). With = 99 , t .05 = −1.66 Reject H 0 if ? ≤ −1.66 −1.45 > −1.66 , do not reject

Degrees of freedom = n − 1 = 99 and Pz of 0.05 = -1.66

Reject when Pz < of -1.66

-1.45 > 1.66 threfore we cannot reject the hypotesis.

8 0

3 years ago