Which describes a type of exchange that does not use money

An individual with a single filing status has an annual income earning of $63,475. Use the 2018 Tax Tiers below to compute the t

Tomtit [17]

Answer:

$9,904

Explanation:

The question is incomplete as it did not contain the 2018 Tax Tiers. The 2018 Tax Tiers can be found on an article published by Forbes (https://www.forbes.com/sites/robertberger/2017/12/17/the-new-2018-federal-income-tax-brackets-rates/#37caf9e1292a). These tiers has been used to answer this question.

With an annual income of $63,475, total amount of tax owed is computed as follows.

Tax rate on income up to $9,525 is 10% = 10% * $9,525 = $952.50

Tax rate on additional income up to $38,700 is 12% = 12% * ($38,700 - $9,525) = $3,501

Tax rate on additional income up to $82,500 is 22% = 22% * ($63,475 - $38,700) = $5,450.50.

We used $63,475 instead of $82,500 in the 3rd bracket due to the limit of the individual's annual income.

Therefore, total tax owed = $952.50 + $$3,501 + $5,450.50 = $9,904.

4 0

3 years ago

Concord Corporation is planning to sell 500 boxes of ceramic tile, with production estimated at 470 boxes during May. Each box o

Savatey [412]

I my be. Wrong but it be 3500. Percent box

5 0

3 years ago

A business becoming incorporated is an example of risk ____.

Scilla [17]

<span>A business becoming incorporated is an example of risk management.</span>

When a business becomes incorporated it is trying to protect the assets of the company. By assessing and making a risk management decision to become incorporated they are protecting themselves and the company as a whole.

5 0

3 years ago

Last year, a barber shop generated $100,000 in profit. Assume that the shop's profits grow at 5% per year and that cash flows ar

den301095 [7]

Answer:

$2,100,000

Explanation:

Given:

Profit generated = $100,000

Profit growth rate = 5% per year

Discount rate = 10% per year

Now,

The present value of the future profit can be calculated using the formula as:

Present value = $\frac{\textup{Current cash flow}\times\textup{(1+profit growth rate)}}{\textup{Discount rate - Growth rate}}$

or

Present value = $\frac100,000\times\textup{(1+0.05)}}{\textup{0.10 - 0.05}}$

or

Present value = $2,100,000

The present value of all the shop's future profits will be $2,100,000

5 0

4 years ago

Explain how the adjust row amounts feature helps in creating qb accountant budgets

Tpy6a [65]

The adjust row amounts feature helps in creating Quick books accountant budgets as it makes updating budgets much faster and allows for consistency and easy use.

Now you'll start making adjustments. If you're starting your budget from scratch, and therefore the monthly amount is the same, you'll be able to enter the primary month. Then click “Copy Across” and therefore the amount will populate for the complete year. Or, if you have already got data from a previous year, you'll be able to click “Adjust Row Amounts” and choose to extend or decrease the monthly amount by a particular amount or percentage. This makes updating budgets much faster and allows for consistency and easy use.

The adjust row amounts feature helps in creating Quick books accountant budgets as it makes updating budgets much faster and allows for consistency and easy use.

To learn more about this Quick Books Accountants Budgets, visit the following link:

brainly.com/question/24441347

#SPJ4

4 0

1 year ago