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SpyIntel [72]
3 years ago
12

Josh earned $82,500 in taxable income, all from wages and interest, and files an individual tax return. What is the amount of Jo

sh's taxes for the year 2015? Round to the nearest dollar.
Business
1 answer:
zalisa [80]3 years ago
4 0

Answer:

Josh's taxes for the year 2015 are $16481.25.

Explanation:

tax rates are 10%, 15% and 25%.

Josh's taxes = 10%×9075 + 15%×(36900-9075) + 25%×(82500-36900)

                     = $907.5 + $4173.75 + $11400

                     = $16481.25

Therefore, Josh's taxes for the year 2015 are $16481.25.

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Answer:

China Manufacturing Agents, Inc. is preparing a five-year plan. Today, sales are $1,000,000. If the growth rate in sales is projected to be 10 percent over the next five years, what will the dollar amount of sales be in year five?

$500,000 in five years

Explanation:

8 0
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If you pay the balance on your credit card each month, the _____ is the most important factor to consider when selecting a credi
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4 years ago
Terry and Jim are both involved in operating illegal businesses. Terry operates a gambling business and Jim operates a drug-runn
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Answer:

(c)Terry should report profit from his business of $250,000

Explanation:

Before computing the actual solution, first, we have to compute the net income of both the parties

For Terry = Gross revenue - employees salaries - rent and utility expenses

               = $500,000 - $200,000 - $50,000

               = $250,000

For Jim = Gross revenue - cost of goods sold

             = $500,000 - $125,000

            = $375,000

The other item values would not relevant for deduction. Hence, ignored it

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3 0
3 years ago
A study conducted by Alberto Alesina and Lawrence Summers concluded that countries with​ ________ had lower inflation rates than
Soloha48 [4]

Answer:

The study carried out by Alberto Alesina and Lawrence Summers was about the role of Independence central banks, not about unemployment.

A study conducted by Alberto Alesina and Lawrence Summers concluded that countries with <u>central banks that have high independence</u> had lower inflation rates than countries with <u>central banks that have low independence</u>.

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3 years ago
Schrank Company is trying to decide how many units of merchandise to order each month. Company policy is to have 25% of the next
Sladkaya [172]

Answer:

56,000 units

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= (Sales) + (Ending Inventory for September) - (Opening Inventory for September)

= 34,000 + (25% × 54,000) - (25% × 34,000)

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= 56,000 units

Therefore for computing the Units to be Purchased in September we simply applied the above formula.

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