Answer:
federal laws
Explanation:
The sarbanes-oxley act is a Federal legislation that was passed in the US on 30th July 2002. to reform, protect the accounting and corporate financial sector which includes the interest of the investors. Note: an act consist of written laws and it is made by the legislative arm of the government.
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Due to the fact that the account is qualified annuity, the total amount withdrawn is subject to tax.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:
cost of goods available for sale= $29,100
Explanation:
Giving the following information:
Sales Revenue$26,000
Beginning Finished Goods Inventory8,000
Ending Finished Goods Inventory13,500
Cost of Goods Manufactured15,600
cost of goods available for sale= beginning finished goods inventory + purchases
We have to find the amount of purchases.
We know that:
cost of goods manufactured= Beginning Finished Goods Inventory + purchases - Ending Finished Goods Inventory
15600= 8000 + purchases - 13500
purchases= 15600 - 8000 + 13500
purcases= 21,100
cost of goods available for sale= 8000 + 21100= $29,100
Answer:
Increase of $30,000
Explanation:
Increase in Company asset- Increase in liabilities
Increase in Company asset =$55,000
Increase in liabilities =$25,000
Hence:
$55,000 -$25,000
=$30,000
Therefore the change in equity of the company must have an increase of $30,000
Based on the tenets of fiscal policy, the following are true:
- An increase in money supply is not an example of fiscal policy.
- A decrease in taxes is expansionary fiscal policy.
<h3>What is fiscal policy?</h3>
Fiscal policy refers to things that the government does in order to influence the economy through spending and taxation.
When there is a decrease in taxes for instance, this is expansionary fiscal policy as the government is trying to increase the amount that people have to spend.
Find out more on fiscal policy at brainly.com/question/6583917.