Answer:
Income tax expense
= 40% x $250,000 = $100,000
Total income tax expense
= 40% x ($250,000 +$70,000) = $128,000
The correct answer is D
Explanation:
The income tax expense is calculated on the operating income of $250,000 while the total income tax expense is calculated on the gross income of $320,000. Tax is computed at the rate of 40% of the income respectively.
Answer:
The correct answer is: Free trade causes contraction in the import-competing sector.
Explanation:
Free trade implies no or very low restrictions on trade between countries. These restrictions may be tariffs, quotas, permits, licenses, etc.
Free trade means that foreign producers will be able to sell their products in the domestic market easily. So it will increase competition in the sector that is competing with foreign producers. Or in other words, we can say that it will lead to a contraction in the import-competing sector.
This happens because domestic producers have to face competition from foreign producers. We are aware that a country exports the good it specializes in producing. So obviously foreign producers specialize in that product. This will lead to a contraction in the domestic market for the good.
Answer:
C) -30.6%, 54.6%
Explanation:
95% Confidence Interval = (Average Return - 2*Standard Deviation, Average Return + 2*Standard Deviation)
=(0.12 - 2*0.213, 0.12 + 2*0.213)
= -30.6%,54.6%
Therefore, The 95% confidence interval for 2010 returns is -30.6%,54.6%.
The manager such as the CEO
Answer: $2,000
Explanation:
-Use form 2441 on the IRS website for 2019.
-Wages earned=$45,000, therefore, it would be between "over 43,000 but not over 'No Limit' " which is 20% (.20)
-$10,000(paid in daycare) × .20 = $2,000