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cricket20 [7]
4 years ago
11

Jamie is single. In 2019, she reported $100,000 of taxable income, including a long-term capital gain of $5,000. What is her gro

ss tax liability, rounded to the nearest whole dollar amount
Business
1 answer:
ryzh [129]4 years ago
5 0

Answer:

$17,724.50

Explanation:

The computation of the gross tax liability is shown below:

The tax schedule for 2019 year is shown below:

Tax slabs                            tax rate                          taxable amount

$0 - $9,700                       10%                                 $970

$9,700 - $39,475              12%                                 $3,573

$39,475 - $84,200            22%                                $9,839.30

$84,200 - $95,000           24%                                 $2,592

Total                                                                            $16,974.50

The capital gain tax rate is 15% (assume)

So, the capital gain is

= $5,000 × 15% = $750

So, the gross liability is

= $16,974.50 + $750

= $17,724.50

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Marigold Corp. reported sales of $2200000 last year (80000 units at $20 each), when the break-even point was 44000 units. Marigo
belka [17]

Answer:

the margin of safety ratio is 45%

Explanation:

The computation of the margin of safety ratio is shown below:

The Margin of safety ratio is

= (Actual sales unit - break even sales unit) ÷ (Actual sale unit)

= (80,000 units - 44,000 units) ÷ (80,000 units)

= 36,000 units ÷ 80,000 units

= 45%

Hence, the margin of safety ratio is 45%

We simply applied the above formula so that the correct value could come

And, the same is to be considered

8 0
3 years ago
Gulf Shores Inn is comparing two separate capital structures. The first structure consists of 365,000 shares of stock and no deb
Vanyuwa [196]

Answer:

share price = 65.71 per share

Explanation:

given data

first structure consists = 365,000 shares

second structure consists = 330,000 shares

debt in the second structure = $2.30 million

solution

we get here difference between shares in first structure to second structure  that is

difference between shares = 365,000 - 330,000

difference between shares = 35,000

so when  $2.30 million of debt we can decrease shares by 35,000

and

share price will be

share price = \frac{2.30million}{35000}

share price = 65.71 per share

6 0
4 years ago
Which one of these will most likely require a specialized inspection?
tatyana61 [14]

Answer: See explanation

Explanation:

You didn't give the options to the question but I searched online and got the options.

1. Which one of these will most likely require a specialized inspection?

The correct option is Mold.

2. Most purchase agreements are contingent on which two items?

The correct options are Appraised value and Clear title.

The purchase agreement is a contract whereby the terms and conditions that are related to the sale of goods are outlined. Purchase agreements are typically contingent on the appraised value and the clear title.

7 0
3 years ago
Pikachu means what ​
andrezito [222]

Answer:

Pikachu is a Pokémon

Explanation:

The origins are Japanese

pika is the sound of an electric shock

chu is the sound of a mouse (squeak)

4 0
3 years ago
The goal of the __________ is to resolve any pending project-related issues, critique the overall effort of the project, and dra
iris [78.8K]

Answer: wrap-up

Explanation: since every project needs to end the wrap-up aims to resolve any pending project-related issues, critique the overall effort of the project, and draw conclusions about how to improve the project management process for the future. Doing this ensures that all stakeholders of the project are satisfied, and that all acceptance criteria for the project have been met. The wrap-up is simply the concluding action of the project.

6 0
3 years ago
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