Answer:
Calculate the tax consequence of withdrawal from retirement account.
T and L are 40 years old and decide to withdraw $2,100 from their IRA. They lie in a 35% marginal tax bracket.
Analysis
They are withdrawing some amount from their retirement fund. They have to pay the tax and penalty for early withdrawals from the retirement fund. The withdrawal amount is $2,100 so they have to pay tax on it. The tax rate will be 35% which is their marginal tax bracket.
Calculation of tax consequences if withdrawal amount is $2,100:
Ordinary income tax amount calculates by multiplying the withdrawal amount with the ordinary tax rate.
= $2100 × 35%
= $735
The withdrawal amount attracts the 10% penalty. So, the penalty amount is calculated as follows: Penalty on withdrawn funds calculates by multiplying the withdrawn funds with the percentage of penalty.
= $2100 × 10%
= $210
(NOTE: - T and L have to pay ordinary income tax along with the penalty on their withdrawal because they are withdrawing funds from their IRA before age 59.5.)
Total expenses include the tax amount and penalty charge on withdrawal amount. So, it is calculated as follows:
Total expenses =$735 + $210
Total expenses = $945
Conclusion
Therefore, T and L would incur a tax of $945 on their withdrawal. This $945 is the sum of income tax amount and penalty on withdrawal balance.
The answer is Price Bundling.
Price bundling is a marketing strategy. In this type of strategy, the company combines two or more products to sell them at a lower price than if the same products were sold individually.
It is also called product bundling or product-bundle pricing. As two or more products are combined/ bundled together to sell them at a lower price.
Hence, when Grande Communications offers a lower price to customers who subscribe to Grande television, telephone, and internet services all at once. This is an example of Price Bundling.
Learn more about Market strategy:
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Answer:
The correct answers are $40,000 and $13,500
Explanation:
The implicit cost of the business is $40,000 nothing for the entrepreneur's time plus $13,500 nothing for the entrepreneur's funds (enter your response as an integer)
The implicit cost indicates the cost of an asset rather than selling it or renting it out. In other words, the company has to give up by deciding not to exploit an asset. For this case $40,000
For the other line
15% = 0.15
$90,000 x 15% = $13,500
Answer:
a. For 2010 =$325 For 2011 = $445
b. 136.92%
c. 38.89%
Explanation:
a. The computation of the price of each vegetable is shown below:
For year 2010:
= Cauliflower price + broccoli price + carrots price
= $200 + $75 + $50
= $325
For year 2011:
= Cauliflower price + broccoli price + carrots price
= $225 + $120 + $100
= $445
b. The computation of CPI is shown below:
= (2011 Price ÷ 2010 Price) × 100
= ($445 ÷ $325) × 100
= 136.92%
c. The inflation rate is shown below:
= (2011 per total vegetables price - 2010 per total vegetables price) ÷ 2010 per total vegetables price
= ($5.00 - $3.60) ÷ $3.60
= 38.89%
Per vegetable price = (Price of each vegetable ÷ number of each vegetable)
For 2010:
Cauliflower = ($200 ÷ 100) = $2
Broccoli = ($75 ÷ 50) = $1.5
Carrots = ($50 ÷ 500) = $0.10
The total would be $3.60
For 2011:
Cauliflower = ($225 ÷ 75) = $3
Broccoli = ($120 ÷ 80) = $1.5
Carrots = ($100 ÷ 500) = $0.50
The total would be $5.00
Answer:
$200,000
Explanation:
The computation of Net Income is shown below:-
The green lawn firm is over-capable of approving the order. The extra fixed costs do not have to be incurred. This way, fixed costs are avoided and only variable costs need to be incurred.
For computing the net income first we need to find out the profit per unit which is here below:-
Profit per unit = Sell price per unit - Variable Cost per unit
= $1,200 - $1,000
= $200
Total Profit = Profit per unit × 1,000 unit order
= $200 × 1,000 unit order
= $200,000
So, net income increased by $200,000
Therefore for computing the total profit we simply applied the above formula.
