Answer: Option (b) is correct.
Explanation:
Given that,
Revenues = $300,000
Merchandise it purchased = $75,000
Salaries paid = $14,000
Owners invested = $23,000
Borrowed on a five-year note = $23,000
Interest paid = $3,000
Paid for a two-year insurance policy = $6,800
Income tax rate = 9%
Gross Margin = Revenues - Cost of Goods Sold
= $300,000 - $75,000
= $225,000
Profit before tax = Gross Margin - Salaries - Insurance payment - Interest
= $225,000 - 14,000 - 3,400 - 3,000
= $204,600
Net Income = Profit before tax - Tax at 9%
= $204,600 - 18,414
= $186,186
Answer:
Without cafeteria plan Karen taxable income is 2250 dollars and with cafeteria plan the taxable income is $2135.
Without cafeteria plan Katie taxable income is 2075 dollars and with cafeteria plan the taxable income is $1960.
Explanation:
A married women Karen earns = $2250
Katie single women earn = $2075
Employee contribution to health care = $115
If the Karen decline to participate in the cafeteria then her taxable income is $2250 (wages).
If the Karen accept to participate in the cafeteria then her taxable income is $2250 - $115 (contribution) = $2135
If Katie declined to participate in the cafeteria then her taxable income is $2075 (wages).
If Katie accept to participate in the cafeteria then her taxable income is $2075 - $115 (contribution) = $1960
Answer:
12.68250%.
Formula:
Basic formula for compound interest:
At = A0(1+r)n
where:
A0 : principal amount, or initial investment
At : amount after time t
r : interest rate
n : number of compounding periods, usually expressed in years
There are 100 people and 4 answers. The minimum people for each answer is 10. You can distribute the minimum people to make it easy.
Answer 1. 10 people
Answer 2. 10 people
Answer 3. 10 people
Answer 4. 10 people
There are still 60 people that are not assigned, so you take this number and add it to the minimum.
60 + 10 = 70
Answer: The maximum number of customers giving any one response is 70 people.
