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3 years ago

Question 1 of 10

Business

2 answers:

Tju [1.3M]3 years ago

7 0

B. An airline

An airline is a service organization.

Ostrovityanka [42]3 years ago

4 0

Answer:

airline <<<<< APEX

Explanation:

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Both nondeductible contributions to a traditional IRA and contributions to a Roth IRA are similar in the sense that neither prov

Nastasia [14]

Answer:

The answer to this question can be defined as follows:

Explanation:

In part A

When Most citizens can't deductible in tax and their daily IRA donation, when the revenue is higher then all thresholds refer to specific levels. So, It can also pay to save for a non-deductible IRA to your withdrawal. Even if your IRA is not exempt.

Regulations on IRA Revenue:

When a company provides individuals or their spouse has been decided to hire by users have a 401(k) or 403(b) employee withdrawal account, experience some IRA depreciation contribution limits donations.

For an alternative to Roth IRA:

Most individuals have incomes above limits and the Roth IRA may indeed meet the criteria for a frequent IRA tax benefit and the higher level donation.

In part B

I will also take a glance at the answer from a tax viewpoint if a competent payment decreases subject to tax salaries and further decreases taxable income. It is a great way for both management and workers and employers receive big profits without taxation. Its value of a qualified retirement benefit provided for both the worker increases the amount that can be spent on behalf of the company by providing an eligible program.

4 0

3 years ago

Alexis Company was started in Year 1. At the end of Year 1 the Company had the following accounting equation.Assets = Liabilitie

swat32

Answer:

Company's assets at the end of Year 2 were provided by creditors = 20%

Explanation:

Calculation of Cash at the end of Year 2

Cash balance at the end of Year 1 $600

Less: Paid off to notes payable ($500)

Add: Earned cash revenue $700

Less: Paid cash expenses ($400)

Less: Paid cash dividend ($100)

Cash balance at the end of Year 2 $300

Notes payable at the end of Year 2 = Beginning balance - Paid off

= $1,000 - $500

= $500

Calculation of Notes Payable at the end of Year 2

Notes Payable at the end of Year 1 $1000

Less: Paid off to notes payable ($500)

Notes Payable at the end of Year 2 $500

Total assets at the end of Year 2 = Cash + Land

= $300+2200

= $2500

Creditors at the end of the Year 2 (Notes payable) = $500

Company's assets at the end of Year 2 were provided by creditors = Creditors * 100 / Total assets

= $500 * 100 / $2500

= 20%

5 0

3 years ago

An employee works 42 hours (42 - 40 were overtime hours) during a workweek in December of 2018. He earns $40.50/hour, with his e

Leni [432]

Answer:

For 2018, Social security wage limit is $128,400

Gross earning of the period = (40*40.50)+(2*60.75) = $1,741.50

a. Taxable income for federal income tax withholding = Gross Income = $1,741.50

b. Taxable income for social security tax = $128,400 - $127,800 = $600

c. Taxable income for medicare tax = $1,741.50

5 0

3 years ago

Bottum Corporation, a manufacturing Corporation, has provided data concerning its operations for May. The beginning balance in t

inna [77]

Answer:

the direct material cost is $47,000

Explanation:

The computation of the direct material cost is shown below:

= Opening balance + purchase made - indirect material - closing balance

= $22,500 + $68,000 - $2,500 - $41,000

= $47,000

hence, the direct material cost is $47,000

The same should be considered and relevant too

4 0

3 years ago

Hexon Printing Company projected the following information for next year: Selling price per unit $80 Contribution margin per uni

Nonamiya [84]

Answer:

Break-even point in units= 5,500

Explanation:

Giving the following information:

Selling price per unit $80

Contribution margin per unit $40

Total fixed costs $120,000

Tax rate 40%

Desired profit= $60,000

First, we need to calculate the earnings before tax:

EBT= desired profit / (1 - t)

EBT= 60,000 / (1 - 0.4)

EBT= $100,000

Now, the break-even point in units using the following formula:

Break-even point in units= (fixed costs + EBT)/ contribution margin per unit

Break-even point in units= (120,000 + 100,000) / (80 - 40)

Break-even point in units= 5,500

5 0

3 years ago