Answer:
A. $7500
Explanation:
First 10000 : 0%
Next 20000: 10%
Next 20000: 20%
Next 20000: 30%
Over 60000: 40%
Therefore income of $55000 would have a tax liability as such
First - 0% of 10000 = 0
Second - 10% of 20000=2000
Third - 20% of 20000= 4000
Fourth - 30% of 5000= 1500
Total tax liability (TTL)= 0+2000+4000+1500
TTL = $7500
Answer:
Skysong Corporation
Statement of Retained Earnings
Retained earnings balance January 1, 2020 $691,300
Add:
Adjustments to 2019 Income Statement $88,390
Net profits 2020 $1,552,100
Less:
<u>Dividends declared and distributed ($82,000) </u>
Retained earnings balance December 31, 2020 $2,249,790
Since the land purchase was recorded as maintenance expense by error, the 2019 income statement must be adjusted by adding that amount.
The answer is down sloping, perfectly elastic. The demand curve for a firm in a splendidly focused market shifts altogether from that of the whole market.The advertise request bend inclines to descend, while the impeccably aggressive Association's request bend is a flat line equivalent to the harmony cost of the whole market.
The organization that does not provide free or loss cost training and counseling associated with the Small Business Association is IBRD.
<h3>What is Small Business Association?</h3>
A Small Business Association are agencies that provides resources (like capital, skill, advice) to small businesses for innovation, growth etc
SCORE, VBOC and WBC are all agencies that provide free mentoring services, free training, loss-cost training, counseling etc
Hence, the organization that does not provide free or loss cost training and counseling associated with the Small Business Association is IBRD
Therefore, the Option A is correct.
Read more about Small Business Association
<em>brainly.com/question/2072884</em>
