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3 years ago

Jeff got a part-time job delivering groceries for $15/hour and grossed $8,200

Business

1 answer:

solniwko [45]3 years ago

4 0

Answer:

Income = $8,200

Less:

Federal tax 10% = -$820

State tax at 5.5% = -$451

FICA at 7.65% = -$627.30

Total deduction = -$1,898.30

Net pay = $6,301.70

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If the adjustment for accrued revenue is not recorded a.assets will be overstated. b.net income will be overstated. c.liabilitie

vagabundo [1.1K]

Answer:

The correct answer is d. net income will be understated.

Explanation:

The accumulated or accrued income will be represented by those that have been earned during a financial year but that have not been received or recorded in the payment, because the term has not yet expired. If they are not recognized within the accounting year, it is said that the income item is being underestimated, and for that reason the information in the financial statements is not being faithfully represented.

3 0

3 years ago

On January 1, 2009, a U.S. firm made an investment in Germany that will generate $5 million annually in depreciation, converted

Afina-wow [57]

Answer:

The expected real value (in terms of January 1, 2009, dollars) of the depreciation charge in year 2013 will be $1,958,815.416.

Explanation:

It is expected that the value of the dollar in the German market will fall at the same rate as that of the real market value of the dollar when we envisage the exchange rate will remain the same. Thus the depreciation of the tax write-off in terms of its real value in dollars will fall at 5% every year from 2009 to 2013.

Therefore, at a tax rate of 50% in Germany, a $2.5 million charge on depreciation on the investment of $5 million will result in 2013.

To calculate the real value of the dollar at an inflation of 5% yearly in 2013

When the tax rate in German is 50%, then charges of depreciation of $5 million will equal4$2.5 million in 2013 dollars. When the dollar's real value of this write-off is declining due to the inflation at 5% annually, the real value in 2013 will be calculated as:

Given: $2,500,000 (P/F , 5%, 5years) ; 0.78356 (factor for calculating the amount to be recieved after 5years)

= $2,500,000 * 0.78356

= $1,958,815.416

8 0

3 years ago

A machine costs $260,000 to purchase and will provide $60,000 a year in benefits. The company plans to use the machine for 12 ye

MaRussiya [10]

Answer:

$133,828.98

Explanation:

The computation of the net present value is shown below:

Year Cash flows Discount factor Present value

0 $260,000.00 1 $260,000.00 (A)

1 $60,000.00 0.9009009009 $54,054.05

2 $60,000.00 0.8116224332 $48,697.35

3 $60,000.00 0.7311913813 $43,871.48

4 $60,000.00 0.6587309741 $39,523.86

5 $60,000.00 0.5934513281 $35,607.08

6 $60,000.00 0.5346408361 $32,078.45

7 $60,000.00 0.4816584109 $28,899.50

8 $60,000.00 0.4339264963 $26,035.59

9 $60,000.00 0.3909247714 $23,455.49

10 $60,000.00 0.3521844788 $21,131.07

11 $60,000.00 0.3172833142 $19,037.00

12 $75,000.00 0.2858408236 $21,438.06

Total present value $393,828.98 (B)

Net present value $133,828.98 (B - A)

The discount is come from

= 1 ÷ (1 + rate) ^ years

4 0

3 years ago

Suppose the government increases spending to fund tuition assistance for qualified college students. automatic stabilizers will

KIM [24]

Suppose the government increases spending to fund tuition assistance for qualified college students. automatic stabilizers will increse the expansionary effect of the increase in aggregate demand.

A government is a system or group of people that governs an organized community (usually a state). In the broader associative definition, government usually consists of legislative, executive, and judicial branches.

Your government is the system of people, laws and officials that define and control the country in which you live. For example, the US government is a representative democracy with her three branches.

Government is necessary to maintain law and order. Laws are necessary for society to function. Life in a society without laws is dangerous and unpredictable.

Learn more about government here:brainly.com/question/1078669

#SPJ4

4 0

2 years ago

Jill is much stronger than Jack and stares at him in a menacing way. One day she tells Jack that she is going to beat him if she

Brums [2.3K]

Answer:

C) for assault and battery, because there was both a threat and a harmful action.

Explanation:

Both assault and battery are crimes but can also result be considered torts and result in civil lawsuits:

Assault refers to a threat of bodily harm.
Battery refers to actually harming the other person.

Since both took place in this case, Jill can be charged of both crimes and Jack can also sue her for both torts.

8 0

4 years ago