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ValentinkaMS [17]
3 years ago
13

Quintina decided to increase the deduction percentage of her federal income tax rate from 14% to 16%. Quintina’s gross pay per m

onth is $2,100. Her deductions before the change are listed in the table.
Business
2 answers:
AveGali [126]3 years ago
5 0

Answer:

The answer is $1555

Explanation:

If you add all of the deductions from the table, then you will get an amount that has a tax of 14%. You should  change that to 16% Then you will get $1555. Their is your answer! Click five stars please if you agree

lora16 [44]3 years ago
4 0
Since you gave no table,

her federal income in 14 % Rate = 14 % x 2,100
                                                         = $ 294

Her federal tax in 16 % Rate = 16 % x 2,100
                                                 =  $ 336
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3 years ago
At year-end (December 31), Chan Company estimates its bad debts as 0.70% of its annual credit sales of $862,000. Chan records it
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Answer: Please see the required journals below:

December 31:

Debit Bad debt expense                                $6,034

Credit Allowance for doubtful accounts       $6,034

February 1:

Debit Allowance for doubtful accounts              $431

Credit Accounts receivables                               $431

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Credit Bad debt recovery (income statement)   $431

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3 0
3 years ago
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Resale value of existing machine are also relevant as these would contribute towards the purchase of new machine.

The purchase price of existing machine is irrelevant as the machine cost has already been paid and regardless of purchasing the new machine or not, this cost is not a part of any calculations.

Hope that helps.

4 0
3 years ago
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