Answer:
$4,365
Explanation:
The computation of the total estimated warranty payable is shown below:
= Sales revenue × estimated warranty expense percentage
= $97,000 × 4.5%
= $4,365
By multiplying the sales revenue with the estimated warranty expense percentage we can get the total estimated warranty payable and the same is shown in the above computation part
Money is a <u>medium of exchange</u> between individuals, corporations, and households for the exchange of any goods or services.
<h3>How money is a medium of exchange?</h3>
Money is known as the medium of exchange due to the fact cash is an extensively widely widespread token that may be used for the exchange of any <em>good</em> or service.
In antique days, the barter system changed into used as a medium of exchange and later it changed into gold.
Money performs several functions, but first and foremost it is a <u>medium of exchange.</u>
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Answer:
mira eso es muy fácil yo me lo sé pero no es de consultar en el internet as lo con tu mente que facil
Answer:
The answer is $393
Explanation:
Solution
In this case, we will find the tax on Stan's income which is stated below:
Stan's adjusted gross income = 4500
The standardized deduction = 1050
The unearned taxable income = 3450
With ordinary rate, the less statutory deduction is = 1050
The taxable income that is subject to his parent's rate = 2400
The tax with ordinary rate = (1050 * 10%) =105
The Tax with parent's rate is = (2400 * 12%) = 288
Hence,
The tax on Stan's income would be = 105 + 288 = $393
Note: Kindly find an attached copy of the Tax rate schedules as part of the question to this solution