Which best summarizes the purpose of a W-4 form?
2 answers:
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Step-by-step explanation:
- Four businessmen invested a sum of Rs. 250,000 in the ratio of 3:5:7:10 to start a new business.
(i) The amount invested by each businessman is;
<u>1^st businessman invested:</u>
<u />
Rs. 30,000
<u>2^nd businessman invested:</u>
<u />
<u /> = Rs. 50,000
<u>3^rd businessman invested:</u>
<u />
<u /> = Rs. 70,000
<u>4^th businessman invested:</u>
<u />
= Rs. 100,000
- If they gained Rs. 50,000
(ii) The profit each one of them got is;
<u>1^st businessman got:</u>
<u />
<u /> = Rs. 6,000
<u>2^nd businessman got:</u>
<u />
<u /> = Rs. 10,000
<u>3^rd businessman got:</u>
<u />
<u /> = Rs. 14,000
<u>4^th businessman got:</u>
= Rs. 20,000