Answer:
The answer is: $18,289.50
Explanation:
The interest earned from the investment in Birmingham Bonds is not included in Mitch's gross income.
If Mitch earned $100,000, so he will fall under the fourth bracket for single filers.
He will have to pay $14,089.50 plus 24% of any income over $82,500.
taxes due = $14,089.50 + [($100,000 - $82,500) x 24%]
taxes due = $14,089.50 + $4,200 = $18,289.50
Answer:
<u>Income statement of Parsons Company for the period ended December 31, 2014</u>
Amount in $ Amount in $
Service Revenue 37,000
Operating expense;
Salaries and Wages Expense 16,000
Insurance Expense 2,000
Rent Expense 4,000
Supplies Expense 1,500
Depreciation Expense <u> 1,300</u>
Total expense <u> (24,800)</u>
Net income/(loss) <u> 12,800 </u>
Explanation:
The income statement shows the income and expenses of a business. Owner's capital and drawings are elements of the business balance sheet. Other items given are elements of revenue and cost.
Answer:
A. Time card.
Explanation:
This is explained to be an aiding method that has been used in calculating or taking records of the number of time calculated per hour an individual or a company staff must have spent or done in a site. This was seen in the 19th century to be done manually; but technology has taken it to different styles like finger printing etc. This in most cases help in control of payroll of every staff. This is mostly seen in factories and other places as the case may be.
The Bible is a religious text used by all Christians because it is supposed to be the word of god handed down by Abraham and Moses and in the second testimony (part, which jews don’t believe) it is written primarily by Jesus’ disciples. It matters because it is suppose to be what values the most to believers of Jesus and/or God.
