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Lina20 [59]
3 years ago
15

Kelly earned wages of $ 87,240 , received $ 4814 in interest from a savings account, and contributed $ 6070 to a tax deferred re

tirement plan. She was entitled to a personal exemption of $3900 and had deductions totaling $ 9049 . Find her gross income?
Business
1 answer:
Vikki [24]3 years ago
8 0

Answer:

$92,054

Explanation:

The computation of the gross income is shown below:

= Wages earned + interest received from a savings account

= $87,240 + $4,814

= $92,054

We simply added the wages earned and the interest received from a savings account so that the accurate amount can come i.e gross income

All other information which is given is not relevant. Hence, ignored it

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When determining the level of control and independence of an employee or independent contractor, which category covers how the w
tatyana61 [14]

Answer:

A) Behavioural

Explanation:

Behavioral control refers to facts that show whether there is a right to direct or control how the worker does the work. A worker is an employee when the business has the right to direct and control the worker. The business does not have to actually direct or control the way the work is done as long as the employer has the right to direct and control the work.

8 0
4 years ago
How much do people that don’t go to college earn
Brrunno [24]

Answer:

They dont earn no more than $28,000 a year

5 0
3 years ago
Read 2 more answers
The business market consists of all the organizations that acquire goods and services used in the production of other products o
RideAnS [48]

Answer:

The major types of industries that make up the business market are agriculture industry, forestry industry, mining industry, manufacturing industry ; construction industry and transportation industry; communication industry, banking, finance and insurance industry.

Explanation:

a) Agricultural industry entails group of firms involving in rearing of animal and growing of both cash crop or food crop either majorly for commercial purpose / use

b) Forestry industries are group of firm who specialize in afforestation and deforestation of trees with a goal of maintaining environmental well-being, majorly for commercial purpose

c) Mining industry are industry who specialize in extraction from the soil raw materials required by other industries. Extraction like crude oil, Coal

d) Manufacturing industry are group of firm whose main objectives is to process raw material into finish good for use by the market and for commercials industry.

e) Transport industry are industry that specialize in movement of people and cargo from one destination to another through land, rail, sea or road

f) Construction industry specializes in buildings of building, roads, bridges and other structure for commercial

and personal use.

g) Communication industry specializes in enabling individual to transmit information from his end to another end.. It ranges from Media to Internet and Phone as all these fall under communication community.

h) Banking, Finance and Insurance industry are industry who accept deposit, gives loans to organisation, provide insurance cover over a particular risk, offers organisation financial advice, offers audit.

4 0
4 years ago
Use the information for the​ question(s) below. The Sisyphean Company has a bond outstanding with a face value of​ $1000 that re
liraira [26]

Answer:

$1,044.57

Explanation:

Price of the bond is the present value of all cash flows of the bond. These cash flows include the coupon payment and the maturity payment of the bond. We calculate the present value of both the coupon payment and the maturity payment.

According to given data

Face value of the bond is $1,000

Coupon payment = C = $1,000 x 8% = $80 annually = $40 semiannually

Number of periods = n = 15 years x 2 = 30 period

YTM =  7.5% annually = 3.75% semiannually

Price of the bond is calculated by following formula:

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Price of the Bond = $40 x [ ( 1 - ( 1 + 3.75% )^-30 ) / 3.75% ] + [ $1,000 / ( 1 + 3.75% )^30 ]

Price of the Bond = $713.17 + $331.40 = $1,044.57

6 0
3 years ago
Read 2 more answers
David Rose Inc. forecasts a capital budget of $500,000 next year with forecasted net income of $400,000. The company wants to ma
spayn [35]

Answer:

If the company follows the residual dividend policy, it is $50,000 in dividends.

Explanation:

Dividend is calculated by using the formula:

Dividends = Net Income - Equity requirement

where, Equity requirement = Capital budget  (% Equity)

                                             = 500,000(70%)  = $350,000

∴ Dividends = 400,000 - 350,000

                    = <u>$50,000 </u>

7 0
3 years ago
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