The answer is salary before taxes
Answer:
e. Dave is taxed on $72,750 of plumbing income this year.
Explanation:
Based on the information given if Dave clients make their checks payable to his son, Steve based on Dave request in which the son, Steve received checks of $72,750 on behalf of his Dad, Dave's plumbing services, the TRUE STATEMENT will be DAVE IS TAXED ON $72,750 OF PLUMBING INCOME THIS YEAR reason been that to assign income to another person is NOT EFFECTIVE for TAX PURPOSES.
The following accounts which are classified as shareholders' equity are Additional paid-in capital, Common stock ,Retained earnings.
Option A, B, C is correct.
<h3>
Shareholder Equity:</h3>
Shareholder Equity is the amount invested in the business by the owner of the business. This includes the money they have invested directly and the accumulation of earnings earned by the company that has been reinvested since its inception.
<h3>Is equity a liability or an asset?</h3>
Equity is the company's total assets minus total liabilities. It can be defined as the total amount of dollars that a company would be left with if it liquidated all its assets and paid off all its liabilities. This is then distributed to shareholders.
Learn more about shareholder equity:
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<span>Robotics could make this repetitive task quicker and less susceptible to error.
</span><span>Robots have “human” capabilities and traits such as sensing, dexterity, memory and trainability which mean that they can do they are suitable for repetitive manufacturing tasks.</span>
Answer:
a) Operating income - $33,800
Explanation:
<em>The flexible budget would be prepared for a different activity level of 6,300 production units but using the assumptions of the fixed budget</em>
$
Sales revenue - ($7× 6,300 units ) : 44,100.00
Less Variable cost - ($1 × 6,300 units ) : <u>( 6,300)</u>
Contribution 37,800
Less Fixed costs <u>(4,000)</u>
<u>33,800</u>
<em>Note that the fixed costs of $4000 remains the same for both the static and flexible budgets. This is because the activity level of 6,300 units of the flexible budget remains within relevant range. So the fixed cost would not change.</em>
