Answer:
$3,886
Explanation:
Since SELF EMPLOYMENT TAX is 15.3% of your wages which is why the Internal Revenue Service (IRS) make it possible for you to deduct your employer equal portion of your self employment taxes that the employer pays during the year which is 7.65% Calculated as (15.3%/2) which therefore means that Samir may reduce his ESTIMATED TAX PAYMENTS by $3,886 [$55,000 x 0.9235 x 0.0765 = $3,886] while the remaining 7.65%( 15.3% -7.65%) are not deductible because they correspond to employee taxes.
Therefore he may reduce his ESTIMATED TAX PAYMENTS by $3,886.
The indifference curve will be mostly like Horizontal lines because
the y-axis is the one who is increasing and the x-axis is the one decreasing so
in my assumptions it will be horizontal. The indifference curve is the curve on
the graph that represent two commodities to know the satisfaction of the buyer.
Answer: A reduction is mortality rate and an increase in the number of reproductively active male and female specie of the population.
Explanation: For an increase in population size to occur among a certain animal specie, there needs to be a reduction in the death rate(mortality rate) of that specie and an increase in birth rate in that specie which arises as a result of an increase in the number of reproductively active male and female population in the specie.
Answer:
Total Assets = Total Liabilities + Total Owner's Equity = $35,550
Explanation:
Note: See the attached excel file for the tabular analysis of the September transactions beginning with August 31 balances.
In the attached excel file, Evidence that Assets Equal Liabilities Plus Stockholders' Equity is prepared below the tabular analysis to show that the accounting equation holds as follows:
Total Assets = Total Liabilities + Total Owner's Equity = $35,550
In the attached excel file, the following calculations are performed:
1. Under Transaction 3: Accounts Payable ($) = $2,350 - $900 = $1,450
2. Under Transaction 4: Accounts Receivable = $7,900 - $2,550 = $5,350
Answer:
417 units
Explanation:
Break even Sales in $ = Fixed Costs ÷ contribution margin ratio
= $5,000 ÷ 30%
= $16,667
Break even sales in units = Break even Sales in $ ÷ selling price of each hand-sewn shirt
= $16,667 ÷ $40
= 416.675
= 417 units of hand-sewn shirt