All categories

3 years ago

A single person making $20,000 would pay ________ per cent on $7,550 and 15% on the remainder..

Business

1 answer:

V125BC [204]3 years ago

8 0

Answer:

10 per cent.

Explanation:

$7,550 falls under 10% in the marginal tax rate for a single person.

The remainder is $20,000 - $7,550

= $12,450.

That falls under 15%.

Therefore a single person making $20,000 will pay 10% for $7,550.

You might be interested in

A Registered Representative sold a deferred variable annuity to an unmarried 18 year old high school senior who had just inherit

vova2212 [387]

Answer:

Explanation:

The costumer has no spouse or dependents. This negates the value of the death benefit. The founds has no liquid due to the surrender fees, and there is also 10% penalty on withdrawals before age 59.5

3 0

3 years ago

Do you think you could be an accountant? List three reasons why or why not.

kirill115 [55]

These questions are for your opinion.

7 0

2 years ago

A cost associated with renting would be:

attashe74 [19]

The correct answer is C. title insurance

5 0

3 years ago

Valley Technology Balance Sheet As of March 11, 2020 (amounts in thousands) Cash 9,700 Accounts Payable 1,500 Accounts Receivabl

ollegr [7]

Answer:

total liabilities = accounts payable $11,500 + unearned revenue $7,500 + debt $65,900 + other liabilities $800 = $85,700

Explanation:

Cash 9,700 Accounts Payable 1,500 Accounts Receivable 4,500 Debt 2,900 Inventory 3,800 Other Liabilities 800 Property Plant & Equipment 16,400 Total Liabilities 5,200 Other Assets 1,700 Paid-In Capital 7,300 Retained Earnings 23,600 Total Equity 30,900 Total Assets 36,100 Total Liabilities & Equity 36,100

1. Buy $15,000 worth of manufacturing supplies on credit

Supplies Accounts payable

debit credit debit credit

15,000 1,500

15,000

16,500

2. Issue $85,000 in stock

Cash Paid-In Capital

debit credit debit credit

9,700 7,300

85,000 85,000

94,700 92,300

3. Borrow $63,000 from a bank

Cash Debt

debit credit debit credit

94,700 2,900

63,000 63,000

157,700 65,900

4. Pay $5,000 owed to a supplier

Cash Accounts payable

debit credit debit credit

157,700 16,500

5,000 5,000

152,700 11,500

5. Receive payment of $12,000 owed by a customer

Cash Accounts receivable

debit credit debit credit

152,700 4,500

12,000 12,000

164,700 7,500

Due to some strange reason, accounts receivable has a debit balance (= $4,500 - $12,000). Since that is not possible, the remaining part $7,500 must be included under unearned revenue:

Accounts receivable Unearned revenue

debit credit debit credit

7,500 0

7,500 7,500

0 0 7,500

7 0

3 years ago

Why do companies use customer relationship management??

Art [367]

Customer relationship management (CRM) is important in running a successful business. The better the relationship, the easier it is to conduct business and generate revenue.

4 0

3 years ago