1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GrogVix [38]
3 years ago
15

Mike Barr was an outstanding football player in college and expects to be drafted by the NFL in the first few rounds. Mike has l

et it be known that he would prefer to sign with a club located in Florida, Texas, or Washington. Mike sees no reason why he should have to pay state income tax on his player’s salary. Is Mike under any delusions? Explain.
Business
1 answer:
SOVA2 [1]3 years ago
5 0

Answer:

The answer is: Mike will have to pay state income tax even if he is signed by teams from Florida, Texas or Washington, due to Jock Taxes that are levied on professional athletes.

Explanation:

Mike could be selected by a team from Florida, Texas or Washington (6 possibilities out of 32 teams) and not pay any state income taxes for the games they play at home.

He will have to pay state income taxes for the other games his team plays outside those 3 states and Washington DC. Most states (47) collect a Jock Tax which means that professional athletes that reside outside the state must pay state income taxes when they play a visiting game in their state.

You might be interested in
This type of restaurant has a relatively large number of employees per customer
Firlakuza [10]
I think the answer is fine dining. Because if it is a fancy restaurant they want to have as many people to cater to each customer
6 0
3 years ago
Read 2 more answers
Using the income statement method for accounting for uncollectible accounts, a company estimates that 2.5% of credit sales will
Digiron [165]

Answer:

the adjustment for estimated uncollectible accounts will require

b. Debit to Bad Debt Expense for $10,000.

Explanation:

There are two primary methods for estimating bad-debt expense. The first is an income-statement approach that measures bad debt as a percentage of sales.

Accout receivable at the end_ 80000

Credit sales_______________400000

 

Estimate________________ 2,50%

Debit bas debt expense______10000

7 0
3 years ago
3. Which is the correct order for making financial decisions? A) put goals in writing, rethink goals if necessary, have a plan o
Mekhanik [1.2K]

Answer:

B

Explanation:

Setting up realistic goals is key to saving money. Why would you want to save for a car when you are 12? You would rather save to get a new tablet or toy.

Realistic could also mean achievable why would you set a goal that has a low chance of you reaching such as becoming a millionaire and so on.

3 0
3 years ago
Read 2 more answers
A metallurgical engineer decides to set aside money for his newborn daughter's college education. He estimates that her needs wi
erastova [34]

Answer:

what should be the size of each deposit, if the account earns interest at a rate of 8% per year?

$2477,81

Explanation:

% N Monthly          % VF

1,08 0 2477,81117 1,00 2.477,81

1,08 1 2477,81117 1,08 2.676,04

1,08 2 2477,81117 1,17 2.890,12

1,08 3 2477,81117 1,26 3.121,33

1,08 4 2477,81117 1,36 3.371,03

1,08 5 2477,81117 1,47 3.640,72

1,08 6 2477,81117 1,59 3.931,97

1,08 7 2477,81117 1,71 4.246,53

1,08 8 2477,81117 1,85 4.586,26

1,08 9 2477,81117 2,0 4.953,16

1,08 10 2477,81117 2,16 5.349,41

1,08 11 2477,81117 2,33 5.777,36

1,08 12 2477,81117 2,52 6.239,55

1,08 13 2477,81117 2,72 6.738,71

                 -20.000,00

                 -20.000,00

                 -20.000,00

                 

4 0
3 years ago
Katie had a high monthly food bill before she decided to cook at home every day in order to reduce her expenses. She starts to s
Orlov [11]

Answer:

The c orrect answer is A.

Explanation:

Giving the following information:

Annual deposit= 1,410

Annual interest rate= 5%

Number of years= 8 years

To calculate the future value of her investment, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {1,410*[(1.05^8)-1]}/ 0.05

FV= $13,464.24

4 0
3 years ago
Other questions:
  • When a firm sets its pricing strategy based on how it can add value to its products or services it has embraced a(n) ________ or
    6·1 answer
  • A recession is a period of significant, widespread declines in:
    10·1 answer
  • Law of Demand
    10·1 answer
  • An accountant is engaged to perform compilation services for a new client in an industry with which the accountant has no previo
    8·1 answer
  • In a marketing context, customers seek a fair return in goods and/or services for their hard-earned money and scarce time. They
    14·1 answer
  • A company uses proprietary computer software to offer services that other companies have not been able to emulate. These service
    12·1 answer
  • Which of the following is described as an event that a company hosts to thank its loyal​ customers?
    13·1 answer
  • Which two were weaknesses of the Articles of Confederation?
    8·1 answer
  • the document that states that the bank will pay a specified sum of money to a beneficiary, normally the exporter, on presentatio
    12·1 answer
  • shanghai company sells glasses, fine china, and everyday dinnerware. it uses activity-based costing to determine the cost of the
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!