Answer:
- Tax liability = $24,222.50
- Marginal rate = 24%
- Average rate = 19.35%
Explanation:
Question requires that we find the Tax liability, Marginal rate and Average rate.
Tax liability:
Chandler is in the $84,200 to $160,725 bracket.
= 14,382.50 + 24% * (125,200 - 84,200)
= 14,382.50 + 9,840
= $24,222.50
Marginal rate = 24%
Chandler's bracket is the 24% bracket.
Average rate:
= Tax/ Taxable income
= 24,222.50 / 125,200
= 19.35%
Answer:
The Answer is 12.100
Explanation:
Firstly get the variable margin = (revenue – variable cost) since we don’t have the revenue but we know that there was just one fixed expense we can get the variable margin in this way
Total Variable Margin = Net income + Fixed cost = $94.800+$570.700= 665.500
Then get the variable margin per unit = Price of sale per unit – cost per unit = 152-97 = $55
The units sold can be calculated in this way = Total Variable Margin / Variable Margin per unit= 665.500/55 = 12.100
Units price Total
Revenue 12,100.00 152.00 1,839,200.00
Variable Cost 12,100.00 97.00 (1,173,700.00)
Fixed Cost (570,700.00)
Net income 94,800.00
B) identify job leads and set up interviews
Answer:
D. Sole proprietorship
Explanation:
A Sole proprietorship is also referred to as the sole trader. It is the simplest form of business ownership. The business is owned and managed by one person.
Legally, the sole proprietorship is not an independent entity. It means that the business owner is fully liable to the debts and obligations of the business.
Answer:
In a fractional reserve banking system, banks keep a fraction of deposits as reserves and use the rest to make loans. The Fed establishes reserve requirements, regulations on the minimum amount of reserves that banks must hold against deposits. ... Banks' liabilities include deposits, assets include loans & reserves. What are true statements about the history of the fractional banking system? -Traders would deposit their gold with goldsmiths. -Goldsmiths issued paper receipts in excess of the amount of gold held. -Goldsmiths put the paper receipts into circulation by making loans.