The amount of Taxable income earned equals $164,258.37.
<h3>What is a
Taxable income?</h3>
It refers to any gross income earned that is used to calculate the amount of tax you owe.
Taxable income = $34,330 / .209
Taxable income = $164,258.37
Therefore, the amount of Taxable income earned equals $164,258.37.
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Answer:
The correct answer is option B.
Explanation:
A perfectly competitive industry is producing 30,000 yachts per year.
The government imposed a tax of $20,000 on each yacht.
The demand for yachts is highly elastic.
This imposition of tax will create a tax wedge in which the tax burden will be shared between buyers and sellers.
The price paid by the buyers will increase. While the price received by sellers will decrease.
This tax wedge causes the quantity demanded and quantity supplied to fall. As a result, the equilibrium quantity in the market declines.
Since the demand is highly elastic an increase in price will cause the quantity demanded to decrease by more than proportionate.
The price of the product will increase by less than $20,000 as the tax burden will be shared.
$28.26 rounded to the nearest dollar would be $28. This is because the 2 in the tenths place is less than five, therefore the 8 in the ones place would remain the same and .26 would turn into 0s which you don't have to show. Hope this helped!
Answer:
Future Value= $10,000
N=13*2=26
YTM=4.7/2=2.35
PMT=0
PV=?
Enter these in a financial calculator
$5,466.59
Explanation:
If 10,000 units are sold, net operating income will be $5,000.
<h3 /><h3>Net operating income </h3>
Using this formula
Net operating income =[(Selling price-Variables expenses)×Units sold]-Total fixed costs
Let plug in the formula
Net operating income=[($10-$6)x10000] - $35000
Net operating income =($4×10,000)-$35,000
Net operating income =$40,000-$35,000
Net operating income =$5,000
Inconclusion if 10,000 units are sold, net operating income will be $5,000.
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