The total tax liability is $12,500.
<h3>What is the total tax liability? </h3>
Due to the fact that the account is qualified annuity, the total amount withdrawn is subject to tax. Also, because the investor is less than 59.5 years, the investor pays an additional tax of 10%.
The effective total tax = 25% + 10% = 35%
Total tax liability = 25% x $50,000
= 0.25 x $25,000 = $12,500
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Answer:
It will purchase 3 cans
total consumer surplus 0.70
Explanation:
the market price is 0.55
It will purchase up to three cans. the fourth can he is willing to purchase at 0.40 but the price is 0.55 so it won't trade for that one.
<u>consumer surplus:</u>
difference between the amounts he was willing to pay for each unit and the market price:
first can 0.95 - 0.55 = 0.40
second can 0.80 - 0.55 = 0.25
third can 0.60 - 0.55 = 0.05
total consumer surplus 0.70
Answer:
A) Connection B)Coordination C)Cooperation D)Capability Development E)Colut
Explanation:
A) This step is to create an environment where people freely communicate in order to CONNECT them to each other.
B) This step is to bring different aspects of activity into an efficient work flow to improve COORDINATION
C) This step is to make people work together or COOPERATE to achieve a common objective
D) This step is to Develop competencies of individuals
E) This step is to dedicating more resources on activities that will have an influence or CLOUT on the business
Answer:
An individual stock's diversifiable risk, which is measured by its beta, can be lowered by adding more stocks to the portfolio in which the stock is held.
B. FALSE
Answer:
The correct answer is a.Owner capital is where the period's net income or loss is transferred.
Explanation:
The income and expense accounts are canceled and closed at the end of each accounting period, transferring their balances to a summary bridge account entitled "profit and loss", where the balances are summarized. The amounts of the profit and loss account, which reflect the net profit or loss for the period, are transferred to the owner's capital account. These operations are necessary because:
- Revenues really increase stockholders' equity, while expenses decrease it.
- Through the accounting period these increases and decreases are accumulated in income and expense accounts, not within the owner's capital account.
- Closing entries at the end of each accounting period transfer the net effect of these increases and decreases, from the income and expense accounts to the owner's capital account.
In addition, closing entries allow income and expense accounts to start each of the new accounting periods with zero balances. This is also necessary because:
- The income statement reflects the income and expenses incurred during an accounting period and is prepared based on the information recorded in the income and expense accounts.
- These accounts must begin each new accounting period with a zero balance, if it is desired that the end-of-period balances accurately reflect the income and expenses of said period.
