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mote1985 [20]
3 years ago
10

If your salary is $42,500 and your federal income taxes are 10% of your salary, how much money will you owe this year in federal

taxes? Assume you have no deductio
Business
1 answer:
SIZIF [17.4K]3 years ago
5 0
Income                   $42,500
Less:
Deductions           <u>           0</u>
Taxable Income    $42,500
Tax rate                  <u> x        10%</u>
Tax payable             $4,250

Bear in mind that since the problem is silent, I have assumed that deductions based on marital status, exemptions, PERS or TIAA/CREF retirement contributions are all equivalent to zero (0).


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The accounts receivable credit column of the cash receipts journal is
Ne4ueva [31]

The accounts receivable credit column of the cash receipts journal is "posted in summary at the end of the month and by individual amounts on a daily basis".

<u>Option: D</u>

<u>Explanation:</u>

In general ledger the sums in the debit and credit column are reported personally. The calendar of receivable accounts is lists of all clients 'accounts, account balances, and total amount due. Here the accounts receivable credit column are those in which the cash receipts journal column is the sums that are added separately to the receivable ledger accounts. Although debit column accounts payable are those in which cash payments journal column is the sums that are added separately to the accounts payable ledger.

5 0
2 years ago
If a company wants to gain a competitive advantage in a highly competitive industry, it should ideally a. execute an integrated
GaryK [48]

If a company wants to gain a competitive advantage in a highly competitive industry, it should ideally stake out a unique position within the industry, which is achieved through creating value for stakeholders.

<h3>How a company creates value</h3>

The value in companies is related to a series of integrated factors that lead a company to be well positioned in the market, such as quality, service, satisfaction of consumer needs and desires and social responsibility.

Therefore, it is essential that a company's strategy is focused on generating value both in the micro and in its macro environment, in order to be better positioned and competitive in the market.

The correct alternative is:

c. stake out a unique position within the industry.

Find out more about competitive advantage here:

brainly.com/question/893846

4 0
2 years ago
Sharice is participating in a financial-management webinar in which the speaker is using unfamiliar terms and jargon, so Sharice
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Answer:

d. understanding

Explanation:

In communication when people share information the different parties go through the following stages in order: hearing, understanding, and responding.

In the given scenario the speaker is using unfamiliar terms and jargon, so Sharice asks the speaker to clarify the meaning of what he is saying.

She is trying to understand what the speaker is saying

6 0
3 years ago
Sharon Tate has a mutual fund and she has all dividend income and capital gains income used to purchase additional shares in her
Leno4ka [110]
B. A Reinvestment Plan.

Hope this help! :)
5 0
3 years ago
Read 2 more answers
Following are transactions for Valdez Services, a company owned by Brina Valdez. A. Brina Valdez invested $20,000 cash in the co
Sphinxa [80]

Answer:

Transactions that create revenue :

Transaction B

Transaction C

Transaction D

Journal Entries :

<u><em>Transaction B</em></u>

Cash $900 (debit)

Sales Revenue $900 (credit)

<u><em>Transaction C</em></u>

Cash $10,000 (debit)

Unearned Revenue $10,000 (credit)

<u><em>Transaction D</em></u>

Cash  $3,500 (debit)

Accounts Receivable  $3,500 (credit)

Explanation:

Transactions that create revenue

Hint ; Revenue is the increases in income that results in increases in assets and decreases in liabilities

3 0
3 years ago
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