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qaws [65]
2 years ago
6

The Lin household’s annual income is $188000. Based on the U.S. federal tax rates below, what is the average tax rate for the Li

n household? (Assume zero tax deductions for solving this problem.)
A. 45%
B. 24.41%
C. 22.22%
D. 33%
Business
1 answer:
Sedaia [141]2 years ago
6 0

Answer:

24%

Explanation:

For the taxes due on April 2020 (current year taxes):

The Lin household falls under the fourth tax bracket for married individuals filing jointly:

  • tax rate 24%
  • Income between $171,051 to $326,600

If no deductions were available, they would owe $188,000 x 24% = $45,120 in taxes.

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The Baldwin Company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. The exp
Svet_ta [14]

Answer:

b. $4,908,000

Explanation:

According to the FASB GAAP, the straight line method is used in this given question which is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($40,900,000 - $4,090,000) ÷ (15 years)

= ($36,810,000) ÷ (15 years)  

= $2,454,000

In this method, the depreciation is same for all the remaining useful life

For two years, the accumulated depreciation would be

= Annual year depreciation × number of years

= $2,454,000 × 2 years

= $4,908,000

7 0
3 years ago
What did stan uris do after he received a phone call from mike?
Arturiano [62]
<span>On receiving Mike's phone call, Stan commits suicide by cutting his wrists in the bathtub and writing "IT" in his blood on the wall. Stan was the only one aware that It was not only female but was also pregnant, hence he chose death over returning to Derry to face the ancient terror despite being the one to slice the Losers' palms in a blood oath</span>
5 0
2 years ago
Suppose Compco Systems pays no dividends but spent $ 5.18 billion on share repurchases last year. If​ Compco's equity cost of ca
shusha [124]

Answer:

Market capitalization - $155.26

Stock price - $26.77

Explanation:

The computation of the market capitalization is shown below:

= last year dividend × (1 + growth rate) ÷  (cost of capital - growth rate)

= $5.18 billion × ( 1 + 7.9%) ÷ (11.5% - 7.9%)

= $5.58,922 billion ÷ 3.6%

= $155.26

And, the stock price would be

= Market capitalization ÷ outstanding shares

= $155.26 ÷ 5.8 billion

= $26.77

3 0
2 years ago
You currently have 80 units of a product on the shelf. The demand for the product has been simulated as follows: Demand_Data.xls
TEA [102]

Answer:

how do you want the answer to be

Explanation:

???

6 0
2 years ago
Assume the football team is set up as a C corporation and that Lenny, Sarah, and Sam are the shareholders. The team is sued for
blagie [28]

Answer:

The answer is option A) The corporation may have liability, but not the individual owners.

Explanation:

The corporation may have liability, but not the individual owners because it is a C Corporation.

A C Corporation legally separates owners' or shareholders' assets and income from that of the corporation. This helps to limit the liability of investors and firm owners since the most that they can lose in the business's failure is the amount they have invested in it.

So, even if the team get sued for negligence because an individual who turned to see the quarterback running naked crashed her car, the corporation will have liability.

4 0
2 years ago
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