Answer:
$103,000
Explanation:
W-2 taxable income = gross salary - employee contributions to 401-K - flexible spending account savings - health insurance paid by employee
W-2 taxable income = $120,000 - $12,000 - $2,000 - $3,000 = $103,000
Form W-2 records all the employee's taxable income including wages, salary, tips, bonuses, and other taxable compensation. It also includes all the deductibles that employees can make including 401-K contributions, health premiums and flexible spending accounts.
Answer:
$8
Explanation:
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the product.
Consumer surplus = willingness to pay - price
The consumer surplus of the 10th scarf :
Willingness to pay for the 10th scarf - price of the scarf
Willingness to pay for the 10th scarf = $200 / 10 = $20
Consumer surplus = $20 - $12 = $8
I hope my answer helps you
Answer:
Yes
Explanation:
An opinion can indeed be wrong unless you based if of scientific facts and have evidence to back up your opinion. Everyone is indeed entitled to an opinion but not everyone listens to everyone’s opinion that is not backed up with facts.
Answer:
The $5,400 is the amount should Bad Brads BBQ record the equipment.
Explanation:
According to the Generally Accepted Accounting Principles (GAAP), the amount of asset is recorded at cost or fair market value which ever is lower.
The motive behind this is to present the financial statement in true and fair value rather than mislead values.
Since in the given question, the equipment purchase cost is $5,000 and shipping charges is $400.
So,
The total cost is = Purchase cost + shipping charges
= $5,000 + $400
= $5,400
And, the fair market value is $7,000.
By using the above explanation, the $5400 is the lesser amount than the $7,000.
Hence, the $5,400 is the amount should Bad Brads BBQ record the equipment.
I believe the answer is: B.That it makes it possible for society to become better off by increasing both its production and its consumption.
Without trades, in order to fulfill all needs of the people, a country need to separate their time and resources to produce each of the needed products. With trades, a country could increase the production of the products in which they have a natural advantage at, and trade the products with other countries in case we need different product that we do not produce here.
