Answer:
the income tax liability for the year 2020 is $9,680
Explanation:
The computation of the income tax liability for the year 2020 is as follows:
= (Adjusted gross income) - (itemized deductions) × tax rate
= ($54,000 - $10,000) × 0.22
= $44,000 × 0.22
= $9,680
We assume the tax rate be 22%
hence, the income tax liability for the year 2020 is $9,680
Answer:
rate of 0.000171716533316905 = 0.017% daily
Explanation:
we need to solve for the rate of an annuity for 19 years with daily deposits of 75 dolllars to yield a principal of 1,000,000 dollars
365 days x 19 years = 6,935 days
we use goal seek on excel as follow:
on A1 we write 0.01 this will be a placeholder for the rate
then on A2 we write =FV(A1;6935;75)
then with goal seek we definethat we want A2 equal to 1,000,000 changing A1 (rate)
which give us:
0.000171717 = 0.017% per day to achieve the goal:
C 75
time 6935
rate 0.000171717
FV $999,999.9999
Answer:
Employee involvement
Explanation:
Employee involvement can be defined as when the employees are given opportunity to be part of a decision-making process of an organization through their ideas suggestions and opinions with the goal of fulfilling the organization's mission
Answer:The answer is $134billion
Explanation:
Initial increase in spending = $20billion
Marginal propensity to consume = 0.85
To calculate increase in spending, we use the formula for multiplier
K = 1 / 1 - MPC
K = 1 / 1 - 0.85
K = 1/ 0.15
K = 6.66
K = 6.7 approximately
To calculate how much the spending increase
We use the formula
K = change in national income / change in government spending
6.7 = change in national income / $20 billion
We cross multiply
Change in national income = 6.7 × $20billion
Change in national income = 134billion
Therefore the total spending increase by $134billion
Answer:
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Explanation:
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