Answer: = $168
Explanation:
Destin Company had a $1,000 income in 2014 but also a temporary difference of $160.
This means that they were taxed on the income less the temporary difference.
= 1,000 - 160
= $840
Tax Expense = 840 * 20%
= $168
In a case whereby George corporation recognized $1,000 of accrued property taxes on its manufacturing facility. the journal entry to record this debits as Manufacturing overhead $1,000 and credits Property taxes payable $1,000.
<h3>What is
journal entry?</h3>
A journal entry can be described as an act of keeping which involves the making records of any transactions .
It should be noted that Transactions are listed in an accounting journal so that the company's debit as well as the credit balances of the company can be shown.
In the case, above , we will record this debits as Manufacturing overhead $1,000 and credits Property taxes payable $1,000, hence journal entry can encompass several recordings, in a debit or a credit.
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5.55%
What is percentage?
In mathematics, a % is a number or ratio that is stated as a fraction of 100 (from the Latin per centum, "by a hundred"). Although the abbreviations "pct.", "pct.", and occasionally "pc" are also used, the percent sign, "%," is frequently used to indicate it. A % lacks dimensions and has no associated unit of measurement. %, which is a relative figure used to denote hundredths of any quantity. Since one percent (symbolized as 1%) is equal to one tenth of a percent, 100 percent denotes the complete amount, and 200 percent denotes twice the amount of the given percentage, By dividing the value by the entire value and multiplying the result by 100, one may determine the percentage. The percentage calculation formula is (value/total value)100%.
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Answer:
24.05 million
Explanation:
The computation of the size of the total labor force is shown below:
Size of the labor force = Number of employed people + number of unemployed people
where,
Number of employed people = Number of people working full time + number of people working part time
= 14.53 million + 4.9 million
= 19.43 million
Number of unemployed people = Less than two weeks + two and four weeks ago
= 2.90 million + 1.72 million
= 4.62 million
So, the size of the labor force is
= 19.43 million + 4.62 million
= 24.05 million
The government can control income levels by placing limits on how much citizens can earn. The government can eliminate minimum wages for workers to account for economic differences.