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Ierofanga [76]
3 years ago
10

Madison's gross tax liability is $9,000. Madison had $3,000 of tax credits available and she had $8,000 of taxes withheld by her

employer. What are Madison's taxes due (or taxes refunded) with her tax return?
A) $0 taxes due and $0 tax refund.
B) $6,000 taxes due.
C) $2,000 tax refund.
D) $1,000 taxes due.
Business
1 answer:
Anuta_ua [19.1K]3 years ago
4 0

Answer:

C. $2000 tax refund

Explanation:

Given that

Tax liability = 9000

Tax credits = 3000

Tax withheld = 8000

Maddison tax return = Gross tax liability - tax credits - tax withheld

Therefore

Tax return = 9000 - 3000 - 6000

= -2000.

This indicates a tax refund of $2,000

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Answer: 64.47%

Explanation:

Units produced in October = 17470

Units production in the most efficient way = 27,100

Therefore, the capacity utilization rate in October for the factory will be:

= Units produced in October / Units production in the most efficient way

= 17470 / 27100

= 0.6447

= 64.47%

The capacity utilization rate in October for this factory is 64.47%.

7 0
2 years ago
1. A company issues new stock with a fair value of $120,000 to acquire 85% of the stock of another company. The fair value of th
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Answer:

A. $10,500

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Non-controlling interest valued at the date of acquisition, following the alternative method allowed by IFRS = 15% * 70,000 =  $10,500.

4 0
3 years ago
Which of these situations does NOT require a food handler to wash their hands? A. After handling garbage or dirty dishes B. Afte
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The correcto answer for this question is the letter c
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The beneficiary should receive 6 more years of payment.

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