Answer: Option (E)
Explanation:
From the following given case or scenario, we can state that the development occurring in this particular case reflects that this group is still at the stage of transition, under which they are still following or are underway the halfway level or mark in the given timeline, which is given beforehand the project is started.
The amount of net investment income tax that the taxpayer is required to pay is $231.
<h3 />
<h3>What is
net investment income tax?</h3>
Net Investment Income Tax are generally imposed by the Internal Revenue on entities' net investment income.
Net investment income tax = ($6,150 - $75) * 3.8%
Net investment income tax = $6,050 * 3.8%
Net investment income tax = $231
In conclusion, the amount of net investment income tax that the taxpayer is required to pay is $231.
Read more about income tax
<em>brainly.com/question/25257355</em>
Answer:
A liability account in the balance sheet.
Explanation:
When rent is collected in advance, the entries required to be recognized at the point of collection is as follows;
Debit Cash account
Credit Unearned/Deferred rental revenue
The cash account is an asset while the Unearned/Deferred rental revenue is a liability account.
As such, the collection of rent in advance is A liability account in the balance sheet.
Answer:
The present value of the machine is $35499
Explanation:
The annual amount or annuity amount = $4010 per year.
Total number of years = 13 years
Here, the interest rate is not given so we just assume the interest rate = 6% per annum.
Since we have a total number of years and annual payment that occurs for 13 years. We are required to find the present value of the machine. So use the formula to find the present value of the annuity.
The present value of machine = (Annuity amount x (1 – (1+r)^-n) ) / r
The present value of machine = (4010(1 – (1+6%)^-13) ) / 6%
The present value of machine = $35499
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
