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4 years ago

What is taxable income?

1 answer:

6 0

Taxable income is the income (revenue) given on tax. It is payable, in other words, it is the tax paid for being paid.

Example:

You get $40
You need to pay 5% to tax

5% of 40
.05*40 = 2

2 is the tax, so,
40 - 2 = 38

Your revenue is 38 now, and taxable income is 2

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Sam invested $16,000 in two different stocks. The first stock showed a gain of 12% annual interest while the second stock suffer

Tamiku [17]

Answer:

Amount invested in 12% annual interest stock = $12,000

Amount invested in stock incurring 5% loss = $16,000 - $12,000

= $4,000

Explanation:

Data provided in the question:

Total amount invested = $16,000

Let the amount invested in 12% annual interest stock be 'x'

Thus,

The amount invested in 5% loss will be = $16,000 - x

Total annual income = $1,240

Now,

Total annual income = 12% of x + [ -5% of ($16,000 - x)]

[negative sign depicts the loss]

thus,

$1,240 = 0.12x - 0.05($16,000 - x)

$1,240 = 0.12x - 800 + 0.05x

1240 + 800 = 0.17x

2040 = 0.17x

x = $12,000

Therefore,

Amount invested in 12% annual interest stock = $12,000

Amount invested in stock incurring 5% loss = $16,000 - $12,000

= $4,000

8 0

3 years ago

Senator Smith says that in order to help poor countries develop, the United States should:

Anuta_ua [19.1K]

Answer:

These two are very good ideas to reduce poverty in poor countries:

2) reduce or eliminate subsidies to U.S. producers when poor countries have a comparative advantage producing those goods U.S. subsidizes.

3) Work to improve agriculture in poor countries.

Explanation:

Numeral 2 is a good idea because it would help poor countries produce those goods they have a comparative advantage in, and export some of the production to other countries, including the U.S., bringing much needed income to the population.

Numeral 3 is also a very good idea to implement, because poor countries usually have inefficient agriculture, in some cases, so inefficient that a part of the population has poor nutritrion. Improving agriculture in poor countries helps feed the population, and also export the excess produce abroad.

7 0

3 years ago

Many market participants believe that sell-side analysts are too optimistic in their recommendations to buy stocks, and too slow

saul85 [17]

Answer:

They are related to Brokerage firms
Brokerage firms issuing stocks will always encourage investors to buy rather than sell off their stocks.

Explanation:

Sell-side analysts mostly work for various brokerage firms hence the reason why they are too optimistic in their recommendations to buy stocks while they are also too slow to recommend sells .

And Brokerage firms will always encourage investors to buy their shares or stocks ( buy-side) instead of selling off their shares or stocks

8 0

4 years ago

Gilberto's Performance Pizza is a small restaurant in Philadelphia that sells gluten-free pizzas. Gilberto's very tiny kitchen h

irga5000 [103]

Answer:

In the short run, these workers are <u>variable</u> inputs, and the ovens <u> fixed </u>inputs.

Explanation:

In this matter, we can say that workers are variable inputs, due to the fact that there is a possibility that Gilberto varies the number of workers hired in relation to their production needs. Ovens, on the other hand, can be considered as fixed inputs, which are those inputs, whose quantities cannot be changed in the short term.

4 0

3 years ago

On January 4, 2019, Margaret's Cafe acquired equipment for . The estimated life of the equipment is 4 years or 42,500 hours.

emmainna [20.7K]

Answer: $42300

Explanation:

Here is the complete question:

On January 4, 2019, Margaret's Cafe acquired equipment for

$147,500. The estimated life of the equipment is 4 years or 42,500 hours. The estimated residual value is $20,000. What is the depreciation for 2019, if Margaret's Cafe uses the asset 14,100 hours and uses the units−of−production method of depreciation?

Depreciation has to do with the reduction in the value of an asset due to the fact that such asset is being used.

The depreciation for this question will be calculated as:

= [(Cost of Equipment - Residual Value) / Estimated life of equipment] × Actual Hours used

= [(147,500 - 20,000)/42,500] × 14,100 hours

= [127,500/42,500] × 14,100

= 3 × 14100

= $42,300

6 0

3 years ago