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8090 [49]
3 years ago
9

You earn $50,000 per year, and the federal tax rate is 10 percent. your net income is

Business
2 answers:
Anna35 [415]3 years ago
8 0

Answer:

Our net income is $45,000.

Explanation:

Income earned in an year  = $50,000

Rate at which federal taxes are applied = 10%

Amount to deducted as federal tax ;

= \$50,000\times \frac{10}{100}=\$5,000

Net income = Yearly income - Federal tax

=\$50,000-\$5,000=\$45,000

Our net income is $45,000.

vovangra [49]3 years ago
5 0
$45,000 would be your net worth 

10% of 50,000 is 5,000 so subtract 5,000 from 50,000 and you get 45,000
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Frisco offers to buy a gibson guitar owned by hayden for twice what she paid for it. she accepts and hands the guitar to frisco.
ololo11 [35]
The answer is <span> consideration
</span><span> consideration in business refers to the factors that sellers or buyers take into account when doing a certain transaction.
</span>In this particular case the delivery payment will be considered by hayden to determine the price in order to obtain the profit that she desired from the transaction.
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3 years ago
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Corporation A and Corporation Z go into partnership to develop, produce, and market a new product. The two corporations contribu
sasho [114]

Answer:

You didn´t post the complete information of the exercise, I searched the exercise online and tried to ask the most useful question.

Explanation:

a. Corporation A realized a $4.000 loss, and Corporation Z realized a $68.000 gain on the contribution of business equipment to AZ partnership. Neither corporation recognizes gain or loss.

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6 0
3 years ago
Which choice best describes labor laws passed during the New Deal?
Airida [17]
The answer would be

 A. union-friendly 

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3 0
3 years ago
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Mary traded furniture used in her business to a furniture dealer for some new furniture. Mary originally purchased the furniture
likoan [24]

Answer:

$24,000

Explanation:

From the time an asset is acquired until the time it is sold, an asset experiences a number of events which causes an increase or decrease of its total value. Th adjusted basis of a given asset, takes the base price of an asset and adjusts it for changes in value reflecting enhancements and or depreciation. For instance, a given asset purchased for $100, depreciates by $10 and has an improvement of $60 would have an adjusted basis of $100 - $10 + $60 = $150.

Now when Mary bought her furniture, the adjusted basis was $20,000. At the time of exchange, the fair market value of the furniture is $4,000 whereas Mary also gave $4,000 to the dealer in the transaction. This $4,000 changes the value ans is added to the previous adjusted basis of $20,000.

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= $4,000 + $20,000

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8 0
3 years ago
Dairy Farm enters into a contract with EZ Serve Ice Cream Company to supply milk. Later, Dairy decides that it is no longer adva
andrew-mc [135]

Answer:

C

Explanation:

<em>A breach of contract occurs when one of the parties to a contract decides not to honor all or some of the terms spelled out in the contract. In other words, a breach of contract occurs when actionable terms in the contract are neglected by one of the parties to the contract.</em>

The actionable term in the contract signed by both Diary Farm and EZ Serve Ice Cream Company is for Diary Farm to supply milk to EZ Serve Ice Cream Company. <u>Hence, not supplying milk as agreed represents a breach of the contract, all other things being equal.</u>

Correct option: C

3 0
4 years ago
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