Based on the information given Andrew’s net federal income tax rate is c. 11.8%.
Using this formula
Net federal income tax rate=Federal income taxes / Taxable income
Where:
Federal income taxes= $5,345.40
Taxable income=$45,300
Let plug in the formula
Net federal income tax rate=$5,345.40/$45,300
Net federal income tax rate=0.118×100
Net federal income tax rate=11.8%
Inconclusion Andrew’s net federal income tax rate is c. 11.8%.
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Answer:
B) $1,380
Explanation:
The computation of the cost of goods manufactured is shown below:
= Beginning work in process inventory + total manufacturing cost - Ending work in process inventory
where,
Total manufacturing cost = Purchase of Direct material + Direct labor + Manufacturing overhead
= $400 + $450 + $620
= $1,470
The other items value would remain the same
Now put these values to the above formula
So, the value would equal to
= $320 + $1,470 - $410
= $1,380
Answer:
France should specialize in producing phones and import computers from Sweden
Explanation:
France can produce: 4 phones or 3 computers
The opportunity cost of producing 1 phone = (3 ÷ 4)
= 0.75 computers
The opportunity cost of producing 1 computer = (4 ÷ 3)
= 1.33 phones
Sweden can produce: 1 phone or 2 computers
The opportunity cost of producing 1 phone = (2 ÷ 1)
= 2 computers
The opportunity cost of producing 1 computer = (1 ÷ 2)
= 0.5 phones
According to the comparative advantage,
Sweden has a comparative advantage in producing computers because the opportunity cost of producing computers is lower for Sweden than for France.
France has a comparative advantage in producing phones because the opportunity cost of producing phones is lower for France than for Sweden and import computers from Sweden because Sweden has a comparative advantage in producing computers.
Answer:
B. $7,000
Explanation:
What is a short margin Account
The proceeds of short sale transaction are usually deposited in the short margin account. The short sale transaction is a transaction that involves the borrowing of shares by an investor to sell on the market with the hope that he/she will be able to then buy them back when the share price decreases in the future.
Therefore, if the market value of the ABC shares falls to $9,000, the equity
= Short Margin Account Credits - The value of the Short Market Value
= $16,000 - $9,000
= $7,000
Answer:
C) Does a bona fide need exist in the year of execution authorized by the appropriation?
Explanation:
Bona fide is a rule which helps to ensure that, there is a bona fide need for the appropriation of money in a given fiscal year. In a situation there is none, then there would be no need for any allocation of money.<em> In the case of funds for the warfighters, the critical question would be if there is any bona fide need for such figher planes or jet.</em>