Answer:
though borrowing loans
Explanation:
one can borrow a loan from the bank and start a business
Answer:
The amount of direct materials charged to Job No. 5 is $5,200.
Explanation:
Work in process, April 30 = Balance + Direct material + Direct labor + Factory overhead - Cost of finished goods
= $4,000 + 24,000 + 16,000 + 12,800 - 48,000
= $8,800
Job No 5 = Work in process, April 30 = $8,800
Job No 5 = Direct material + Direct labor + Factory overhead
$8,800 = Direct material + $2,000 + $1,600 ($2,000 * 80%)
Direct material = $8,800 - $2,000 - $1,600
= $5,200
Therefore, The amount of direct materials charged to Job No. 5 is $5,200.
Answer:
Calculate the tax consequence of withdrawal from retirement account.
T and L are 40 years old and decide to withdraw $2,100 from their IRA. They lie in a 35% marginal tax bracket.
Analysis
They are withdrawing some amount from their retirement fund. They have to pay the tax and penalty for early withdrawals from the retirement fund. The withdrawal amount is $2,100 so they have to pay tax on it. The tax rate will be 35% which is their marginal tax bracket.
Calculation of tax consequences if withdrawal amount is $2,100:
Ordinary income tax amount calculates by multiplying the withdrawal amount with the ordinary tax rate.
= $2100 × 35%
= $735
The withdrawal amount attracts the 10% penalty. So, the penalty amount is calculated as follows: Penalty on withdrawn funds calculates by multiplying the withdrawn funds with the percentage of penalty.
= $2100 × 10%
= $210
(NOTE: - T and L have to pay ordinary income tax along with the penalty on their withdrawal because they are withdrawing funds from their IRA before age 59.5.)
Total expenses include the tax amount and penalty charge on withdrawal amount. So, it is calculated as follows:
Total expenses =$735 + $210
Total expenses = $945
Conclusion
Therefore, T and L would incur a tax of $945 on their withdrawal. This $945 is the sum of income tax amount and penalty on withdrawal balance.
There are new models of cars always coming out. The 2022 kicks’ xtronic cvt® adaptive ratio control respond to the vehicle accelerating out of a turn by;
- When one holds the current gear ratio a just small or a little longer for good/better acceleration.
<h3>What is Xtronic CVT?</h3>
The Nissan CVT is known to be the Xtronic, This is an automobile vehicle that was first produced in 2011.
It is known for its unique moving parts that tends to reduce friction and heat. It is also known to last longer when compared to traditional transmission.
Learn more about Cars from
brainly.com/question/124419
