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Sloan [31]
3 years ago
13

Bonnie's employer provides her with an annual dinner club membership costing $5,000. Her marginal tax rate is 24 percent. Her em

ployer has a marginal tax rate of 21 percent. What is Bonnie's after-tax benefit
Business
1 answer:
Nikolay [14]3 years ago
8 0

Answer:

$3,800

Explanation:

The computation of the after-tax benefit is shown below:

= Annual dinner club membership cost - annual dinner club membership cost × her marginal tax rate

= $5,000 - $5,000 × 24%

= $5,000 - $1,200

= $3,800

We simply deduct her tax expense from the annual dinner club membership cost so that the accurate amount can come.

All other information which is given is not relevant. Hence, ignored it

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The Federal Reserve System Multiple Choice
Aliun [14]

Answer: Federal reserve system is basically an independent agency.

Explanation: The Federal reserve system is the bank that functions as the central bank of the USA. It is an organization that oversees most of the economic activities of the nation, supervises the banks in the country, and help to reduce effects of financial crisis.

The federal reserve system is mainly an independent body, with it's own president and other leadership positions but it is answerable to the Congress of the USA.

4 0
3 years ago
Neptune Company produces toys and other items for use in bthe following and resort areas. A small, inflatable toy has come onto
Sergeu [11.5K]

Break-even point (in dollar sales):

Determine the monthly break-even point for the new toy in dollar sales as shown below:

Break-even point (in sales dollars) = Break-even point (in units) × Selling price per unit

=50,115 units $2.60 each

= $130,299

Thus, the break-even point (in sales dollars) is $130, 299.

The break-even point is the point at which total costs equal total sales. In other words, there is no loss or profit for small businesses. This means that we have reached a stage of production where the cost of production equals the revenue of the product. A breakeven point is used in multiple areas of business and finance.

Learn more about the break-even point at

brainly.com/question/9212451

#SPJ4

8 0
2 years ago
1. The giving up of one benefit or advantage in order to gain another regarded as more favorable.
Serjik [45]

Answer:

1. Trade off

2. Opportunity cost

3. Cost-benefit analysis

4. Diminishing marginal utility

Explanation:

1. Giving up one benefit or advantage to gain another regarded as more favorable is called trade-off. Every economic decision involves some trade-off.

2. Opportunity cost is the second-best alternative or value of the alternative, that must be given up when making a choice. Because of scarce resources with alternative uses allocation of resources involves some opportunity cost.

3. Cost-benefit analysis can be defined as the process of examining the benefits and costs of each available alternative in arriving at a decision. Resources are allocated efficiently if the cost incurred and benefit earned is equal.

4. As we go on increasing the quantity consumed of a product, the marginal utility or satisfaction earned from its consumption goes on decreasing. This is called diminishing marginal utility.

7 0
3 years ago
Which workplace trait means fulfilling your commitments in time or in advance?
Drupady [299]
I believe the answer is Time management
6 0
3 years ago
Match each value with its type.
lozanna [386]

<u>Answer: </u>

The following are the values with their correct matches

Pays medical bills - Liability coverage.

Pays damages to your car - Collision coverage.

Pays damages to the other car - Pays 0% damages to the other car.

<u>Explanation: </u>

  • Medical expenses are termed as a liability coverage because they certainly cannot be ignored as one cannot choose to risk his health.
  • The payment done for the repairing of a car damaged due to collision is termed as collision coverage.
  • One would choose to not spend on the repairing of the other car when one car is in good condition.
7 0
3 years ago
Read 2 more answers
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