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4 years ago

Where did the framers meet to draft the constitution

1 answer:

6 0

The framers of the Constitution were all men who had taken part in the American Revolution and were active in national affairs.

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On November 15, 2019, Tim, a cash basis taxpayer, gave his Daughter Nancy 1000 shares of JP Morgan common stock, which Tim purch

igor_vitrenko [27]

Answer:

Following are the responses to the given question:

Explanation:

For question A:

Particulars Numbers of shares price/share TotalAomunt

$Share\ \ sales \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1500 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 18 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 27000\\\\Share \ \ cost \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 1000 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 30 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 30000$

$500 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 30 \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 15000\\\\$

profit/Loss 0 -18000

For question B:

Remaining Share 500 30 15000

In this question, the average cost of the per share is 30/action, and when her fathers gave her 1000 stocks at 60 and the company then gave $1:1$ shares as a dividend.

3 0

3 years ago

Summit Systems has an equity cost of capital of 11.0 %, will pay a dividend of $1.50 in one year, and its dividends had been

Anastaziya [24]

Answer:

A) The new value of a share of Summit Systems stock based on this information is $17.65

B) $17.65. This is due to the fact that If the information about Summit Systems has reached the capital market, the revised growth rate has already been applied.

Explanation:

Given:

Equity cost of capital = 11.0 %

Dividend in one year = $1.50

Dividends growth per year = 6.0 %

A) If expected growth rate is 6.0%:

Value of share = Expected dividend ÷ (Cost of capital - Growth rate)

Value of share = $1.50 ÷ (0.1150 - 0.060)

Value of share = $27.27

If expected growth rate is 3.0%:

New_Value of share = Expected dividend ÷ (Cost of capital - Growth rate)

New_Value of share = $1.50 ÷ (0.1150 - 0.030)

New_Value of share = $17.65

6 0

3 years ago

Damerly Company (a Utah employer) wants to give a holiday bonus check of $350 to each employee. Since it wants the check amount

Nastasia [14]

Answer:

$350

Explanation:

Calculation for the withholding taxes and the gross amount of the bonus to be made to John Rolen if his cumulative

Social Security rate 6.20%

Medicare rate 1.45%

Federal Income tax 22.00%

State income tax 5.00%

Total tax percentage 34.65%

Calculation for the Required gross bonus

Required gross bonus =$350/(1-34.65%)

Required gross bonus=$350/1-0.3465

Required gross bonus=$350/0.6535

Required gross bonus=$535.57

Gross bonus amount $535.57

Federal Income tax withheld (117.82) ($535.57*22%)

OASDI tax withheld (33.20)

($535.57*6.2%)

HI tax withheld (7.76)

($535.57*1.45%)

Utah Income tax withheld (26.77)

($535.57*5%)

Take home bonus check $350.00

Therefore the withholding taxes and the gross amount of the bonus to be made to John Rolen if his cumulative will be $350.00

4 0

3 years ago

Sadie and sam share income equally. for the current year, the partnership net income is $40,000. sadie made withdrawals of $14,0

stira [4]

First calculate sam's share income
40000/2=20000

sam's capital account balance at the end of the year is
sam capital - withdrawals + share income
58,000−15,000+20,000
=63,000

So the answer is 63000

Hope it helps!

6 0

3 years ago

Does the reserve banks determine tax rates?

Anna [14]

The most straightforward way to calculate effective tax rate is to divide the income tax expenses by the income earned before taxes. For example, if a company earned $100,000 and paid $25,000 in taxes, the effective tax rate<span> is equal to 25,000 / 100,000 or 0.25.

I hope my answer has come to your help. God bless and have a nice day ahead!

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4 0

3 years ago