Answer:
The advantages of requiring both the original and final appropriated budget amounts are:
1. It enables comparison of original (static) budget with the final (flexible) budget.
2. From the comparison, management assesses performances based on actual performance versus original and final budgets respectively.
3. The significant changes based on the level of activity are easily determined.
Explanation:
The use of original and final budgets helps in the comparison with actual performance. It clearly shows the effect of the level of activity on budget performance.
Answer:C
Explanation:
Contributions are not deductible and qualified educational expense distributions are taxable
The marginal tax rate on the remaining $50,000. Tim's second income that he earned throughout the year will incur the following tax obligation. The right response is 50%.
21,000 - (20%*30,000) = 21,000 - 6,000 = $15,000 is the tax on a second income.Taxes paid on second income divided by the amount of second income earned during the year is the marginal tax rate on second income.Marginal tax rate: 15%, 30%, and 50% The gross income in this example is $33,333 since it is the amount that every employee earns before taxes and social security contributions are deducted.$30,000 represents the total amount won over the course of the year after 10% is deducted for taxes (in this case, $3,333).Tax on second income equals 21,000-(20%*30,000)-21,000-6,000 =$15,000 Second income tax rate, second income tax paid, and second income earned for the year
Marginal tax rate = 15/30 = 50%.
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Answer:
D
Explanation:
In fact a misdemeanor is less bad than a felony
Answer:
$1 = 1.372 CD
Explanation:
Spot rate, 1$ = 1.3750 Canadian dollars
Canadian securities annualized return = 6%
U.S. securities annualized return = 6.5%
Term = 6 month ≅(180 days)
Forward exchange rate in 180 days, 1$ = Spot rate * (1+US rate*6/12) / (1+CD rate*6/12)
= 1.3750 CD * (1 + 6%*6/12) / (1 + 6.5%*6/12)
= 1.3750 CD * (1 + 0.03) / (1 + 0.0325)
= 1.3750 CD * 1.03/1.0325
= 1.371670702179177 CD
= 1.372 CD
So, the the U.S. dollar-Canadian dollar exchange rate in the 180-day forward market is $1 = 1.372 CD
