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AleksandrR [38]
3 years ago
15

How do you find tax liability from taxable income?

Business
1 answer:
ycow [4]3 years ago
7 0

Answer:

How to calculate tax liability from taxable income

Explanation:

Your taxable income minus your tax deductions equals your gross tax liability. Gross tax liability minus any tax credits you're eligible for equals your total income tax liability. hope this helps you :)

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Aaron realizes he has a budget deficit of roughly $175 at the end of two months in a row.
ivanzaharov [21]

Answer:

Cancel his cable TV subscription and go out to dinner three fewer times each month with friends

5 0
3 years ago
Gina is buying 1,000 shares in an IPO of ABC Corporation. She is buying them through a _____.
Scrat [10]
Primary market help this helps
5 0
4 years ago
1. Classify the following cash flows as either operating (O), investing (I), or financing (F) activities. a) _____ Sold long-ter
Serjik [45]

Answer:

  • a) _F_ Sold long-term investments for cash.
  • b) _(O)_ Received cash payments from customers.
  • c) _(O)_ Paid cash for wages and salaries.
  • d) _(O)_ Purchased inventories for cash.
  • e) (F)_ Paid cash dividends.
  • f) _(F)_ Issued common stock for cash.
  • g) _(O)_ Received cash interest on a note.
  • h) _(O)_ Paid cash interest on outstanding notes.
  • i) _(I)_ Received cash from sale of land at a loss.
  • j) _(O)_ Paid cash for property taxes on building.

Explanation:

  • a) _F_ Sold long-term investments for cash.
  • e) (F)_ Paid cash dividends.
  • f) _(F)_ Issued common stock for cash.

Financial Decision are those what are needed to planning the new financial needs, it's necessary to decide the various scources in the capital mix of the firm.

  • b) _(O)_ Received cash payments from customers.
  • c) _(O)_ Paid cash for wages and salaries.
  • d) _(O)_ Purchased inventories for cash.
  • g) _(O)_ Received cash interest on a note.
  • h) _(O)_ Paid cash interest on outstanding notes.
  • j) _(O)_ Paid cash for property taxes on building.

The operatives decision are related to the organization of the business, which things buys and how to pay it, the managment of stock, accounts receivables / payables

  • i) _(I)_ Received cash from sale of land at a loss.

The Investment decision are related to how managed the assets of the company, it includes the amount of assets and composition, these decision are a cost and in a limited quantity.

6 0
4 years ago
On December 31, 2019, Wintergreen, Inc., issued $150,000 of 7 percent, 10-year bonds at a price of 93.25. Wintergreen received $
Elina [12.6K]

Answer:

June 30, 2020   Bond Interest expense      Debit        $5,756.25

                                     Discount on Bonds payable    Credit      $506.25

                                     Cash                                          Credit      $5,250

Explanation:

We have to calculate the interest expense. The bond interest expense = Cash payment + bond amortization discount

Given,

Bond price = $150,000

Interest = 7%

Number of period, n = 10 years × 2 (As it is a semiannual bond) = 20

Cash payment for semiannual interest = $150,000 × 0.07 × (1÷2)

Cash payment for semiannual interest = $5,250 (Credit)

Amortized bond discount (discount on bonds payable) = $10,125 ÷ 20 (as it is a semiannual payment and $10,125 is for 10 years)

Discount on bonds payable = $506.25 (Credit)

Therefore, bond interest expense = $5,250 + $506.25 = $5,756.25 (Debit)

6 0
3 years ago
Two major variables in choosing the structure and design of an organization are the opportunities and need for ________.
Sphinxa [80]

Answer:

globalization and localization.

Explanation:

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.

Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.

The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.

Also, localization (local responsiveness) refers to the degree of requirements and conditions to which a manufacturing firm should significantly adjust their products and methods of production in a particular country to. Thus, a firm that is facing both strong cost pressures and strong pressures for localization should ensure that it adopts a global standardization strategy.

Hence, two major variables in choosing the structure and design of an organization are the opportunities and need for globalization and localization because the opportunities that abound in the market would determine the level of revenues (cash-inflows) that the organization can generate.

3 0
3 years ago
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