Answer: $324,800
Explanation:
It is a general Principle that when calculating income tax expense, that the Extraordinary loss is treated separately because it is not a usual thing.
The income gained from changing the Accounting principle is not included as well.
The Taxable income to be recorded therefore is,
Taxable income = Income + Gain on disposal - Unusual loss (due to its infrequency)
Taxable income = 928,000 + 32,000 - 148,000
Taxable income = $812,000
Tax expense would therefore be,
= 812,000 * 40%
= $324,800
$324,800 is the amount of income tax expense Arreaga would report on its income statement.
The answer is C
( to reduce risk of product tampering)
16436.19 value of the interest in 10 yrs compounded quarterly if $10,000 is invested at annual rate of 5% for 10 years.
<h3>What does interest rate mean in a nutshell?</h3>
An interest rate is a fee that a lender assesses to a borrower; it is calculated as a percentage of the principal, or the loaned amount. The annual percentage rate, or APR, is typically used to express the interest rate on a loan (APR).
<h3>What elements influence interest rates?</h3>
Interest rates are decided in a free market where supply and demand are constantly changing. Depending on how willing consumers, businesses, and governments are to save, there will be a certain amount of money accessible. The demand for funds is a reflection of how much money firms, individuals, and governments want to spend.
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Answer:
The correct answer is letter "B": You and a team of coworkers.
Explanation:
Organizations that look for solving issues faster work in teams. It allows the business to have different insights on how to come up with a solution for a given case and by working in teams a solution that involves more opinions is likely to reflect what most employees need from the firm.
Therefore, <em>if an employee is nervous about writing a proposal for a company that can provide the company a big growth opportunity, the most suitable would be to set up a team of employees to help the other worker to have the proposal ready on time.</em>
Answer:
The net pay for John Jansen is $2894
Explanation:
For calculating the net pay for John Jansen we have to subtract all the FICA taxes and federal income taxes and also state income taxes, with authorized voluntary deductions also being subtracted from the gross earnings .
Given information - Gross earning = $4000
FICA taxes = 7.65%
Federal income taxes = $675
State income taxes = 3%
Authorized voluntary deductions = $5
One important to remember here is that FICA taxes and State taxes would be calculated on the gross earnings of John
FICA taxes = 7.65% of $4000
= .0765 x $4000
= $306
State taxes = 3% of $4000
= .03 x $4000
= $120
NET PAY = gross earnings - FICA tax - state tax - federal income tax -
authorized voluntary deduction
= $4000 - $306 - $120 - $675 - $5
= $2894
