Answer:
$4,000
Explanation:
The computation of the equipment recognized on the income statement for the year ending December 2018 is shown below:
= Amount received from the customers ÷ Number of years
= $24,000 ÷ 2 years
= $12,000
This $12,000 is one year
Now for one months i.e from September 1 to December 31 is
= $12,000 ÷ `12 months × 4 months
= $4,000
Answer:
Tax brackets misconception is that it defines how much tax will be paid by an individual but this is not true. It only determines the rate of tax which will be applied to the individual for his income.
Explanation:
The tax bracket is determined for an individual based on his salary. After the computation of taxable income tax brackets are selected and rate is applied which ever tax bracket falls correctly. The tax rate applied to the taxable incomes gives the tax amount which is to be paid by an individual.
Answer:
Explanation:
The picture attached shows the explanation
Answer:
b. $42,600
Explanation:
First, we calculate the total cost of college:
Now, we calculate the net income she would receive, if she didn't go to the college:
Finally, the opportunity cost of going to college is the result of adding the total cost of college plus the net income that she would receive if she works instead of going to college.
Answer:
Explanation:
the file attached shows the full explanation and i hope its explanatory enough
