Answer:
When a taxpayer has an underpayment of estimated tax or fall behind on his/her tax prepayment, then he/she is required to pay a penalty on Form 2210. This penalty is called underpayment penalty.
According to the tax laws, Mr. P and Ms. S can avoid an underpayment penalty if their withholding's and estimated tax payments equal or exceed one of the following two safe harbors:
- 90 percent of current tax liability ($200,000 x 90% = $180,000)
- 110 percent of previous year tax liability (110% x $170,000 = $187,000)
From the above calculation, it is clear that Mr. P and Ms. S's withholding's ($175,000) do not equal or exceed the amount of two safe harbors. So, they need to increase their withholding's or make estimated payments to avoid underpayment penalty.
If Mr. P and Ms. S increase their withholding's by $5,000 or make estimated payments of $1,250
per quarter ($5000/4), they can avoid the underpayment penalty.
Mr. Paula and Simon average gross income is greater than $150,000, so 110% is taken.
Answer:
Organizational Behavior Specialist
Explanation:
Based on the information provided within the question in regards to the situation, it seems that they should get an Organizational Behavior Specialist to work with the warring executives separately to solve the problem. These specialists analyze, assess, and provide advise to the company on how to solve a problem or improve performance and efficiency within the company.
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784.967 rounded to the nearest whole number is 785
Answer:
See below
Explanation:
Computation of estimated cash payment expense is seen below
Variable expenses
Sales in unit for August 4,000
Sales in unit September 4,000 × 110% = 4,400
Total variable expense 4,400 × $0.15 = $660
Fixed expense per quarter
Salaries $5,000 × 3 = $15,000
Depreciation $1,500 × 3 = $4,500
Total = $19,500
Budget total = $20,160
Estimated cash payment = $20,160 - $4,500 = $15,660
Answer: 20 women
Explanation:
Making the total number of women in the club 'x', we can then do the following,
Total Number of Names in Hat, N
N = x + 10 ( total number of men)
therefore total number of names in the hat N=x+10
We need to select 3 people so sample size = 3
Using the Hypergeometric Distribution then we can then use the formula,
Expected number of women on the Committee = k * n / N
Where k is the total number
2 = x * 3 / (x + 10)
2 = 3x/(x +10)
3x = 2x +20
x = 20
There are 20 women in the club.
