Answer:
b. $210000.
Explanation:
Calculation for Net cash provided by operating activities in 2022
Using this formula
Net cash=Net income+Inventories- Account payable+ Depreciation expense -Gain on disposal
Let plug in the formula
Net cash=$200,000 + $40,000 − $60,000 + $45,000 −$15,000
Net cash = $210,000
Therefore the Net cash provided by operating activities in 2022 will be $210,000
Jason McCurdy's gross pay was $684.21.
Given that the regular hourly rate is $10.75. During a two-week period, he worked 80 hours (40 hours each week) and had deductions of $110 for federal income tax, $53.32 for social security tax, and $12.47 for Medicare tax.
Total working hours = 80 hours
Hourly rate = $10.75
Total payment = $10.75 × 80
= $860
Deductions = Federal Income Tax + Social Security tax + Medicare Tax
= $110 + $53.32 + 12.47
= $175.79
Gross Pay = Total Payment - Deductions
= $860 - $175.79
= $684.21
To know more about the income tax system refer to:
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Answer:
$84
Explanation:
Cost of Credit refers to the expenses incurred when using credit. It is the cost of borrowing and is represented by the difference between the total amount paid back and the amount borrowed.
I.e., cost of credit = Amount paid - Amount borrowed.
In this case,
Cost of credit = $784 - $700
Cost of credit = $84
Answer:
The correct answer is c) Include direct deposits and debit card transactions.
Explanation:
Electronic Fund Transfers (EFT) is an electronic transaction that moves money from one account to another. The accounts can be from the same institution of from different ones, and are processed through the Automated Clearing House (ACH). The ACH is a system that connects all the financial institutions in the United States.
EFTs are paper free and do not need human intermediaries to go through with a transaction. These can be done through direct deposits, wire transfers, debit cards, electronic checks, ATMs, personal computer banking and others.
