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4 years ago

Take-home pay is equal to

Business

1 answer:

anygoal [31]4 years ago

3 0

Answer:

B. gross income - (required deductions + optional deductions)

Explanation:

Take-home refers to the net pay of an individual. Salaried employees are subject to statutory deduction, such as taxes and pensions. An employee may also have voluntary deductions like loans or a mortgage. The net pay that an employee receives after all deductions is the take-home pay.

Take-home is subject to state laws and regulations. Employers are not allowed to deduct employees' pay beyond a certain percentage. The law requires an employee to have a take-home of around 36 percent if his or her net income.

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On July 31, 2021, the company donated this machine to the Mountain King City Council. The fair value of the machine at the time

Yuri [45]

Answer & Explanation:

Depreciation a/c ...dr

Loss a/c .....dr

Charity a/c .. dr

To machine a/c

Machine amount = Machine cost value (eg, lets suppose = 2,000,000)
Charity amount = fair value of machine at time of donation = 1,4300,000. It is the amount that could have been otherwise received on machine sale, but is given as charity.
Accumulated depreciation is the total depreciation on machine upto date (eg, lets suppose = 5,00,000)
Loss = (Machine cost - accumulated depreciation) - current fair value

Eg: If cost = 2,000,000 & accumulated depreciation = 5,00,000. Machine value should be = 2,000,000 - 5,00,000 = 15,000,000. The fall in value from 15,000,000 to 1,430,000 = 70,000 is loss on machine disposal.

7 0

4 years ago

Loan x has a principal of $10,000x and a yearly simple interest rate of 4%. Loan y has a principal of $10,000y and a yearly simp

Ganezh [65]

Answer:

X = 32

Y = 96

Explanation:

Z = 5%

Z = (0.04X + 0.08Y) / (X + Y)

we can substitute Z:

0.05 = (0.04X + 0.08Y) / (X + Y)

0.05 (X + Y) = 0.04X + 0.08Y

0.05X + 0.05Y = 0.04X + 0.08Y

0.01X = 0.03Y

X = 0.03Y / 0.01 = 3Y

This means that we must choose one value for Y that divided by 3 equals another option:

the only possibility that fits the equation is:

X = 32
Y = 96

4 0

4 years ago

Dmitri lives in Detroit and runs a business that sells guitars. In an average year, he receives $701,000 from selling guitars. O

Black_prince [1.1K]

Answer:

EXPLICIT COST

The wholesale cost for the guitars that Dmitri pays the manufacturer

The wages and utility bills that Dmitri pays

IMPLICIT COST

The rental income Dmitri could receive if he chose to rent out his showroom

The salary Dmitri could earn if he worked as a financial advisor

Explanation:

Explicit cost: those which are actually incurred this means it represent accrued expenses or actual cash outlay.

Implicit cost: refers to the opportunity cost of a factor wasted opprtunity for weing deploy in the current project. These do not represent actual expenses but potential use of the factors

5 0

4 years ago

If a product makes it through a rigorous development process will it be sure success

RoseWind [281]

No it’s still a 50/50 chance the product will even do good once it’s on the shelf because of its competitors

7 0

3 years ago

Read 2 more answers

Enviro Company issues 10.50%, 10-year bonds with a par value of $430,000 and semiannual interest payments. On the issue date, th

alexandr1967 [171]

Answer:

549,862.5

$331,637.5

$16,581.87

Explanation:

Cash proceeds = Par Value of the bond x Price ratio to par value

Cash proceeds = $430,000 x 127.875%

Cash proceeds = $549,862.5

Bond Interest expense = Total Coupon payment - Premium on bond

Bond Interest expense = ( $430,000 x 10.50% x 10 ) - ( $549,862.5 - $430,000 )

Bond Interest expense = $451,500 - $119,862.5

Bond Interest expense = $331,637.5

Bond Interest expense = Coupon Payment - Premium on Bond amortization

Bond Interest expense = ( $430,000 x 10.5% x 6/12 ) - ( ( $549,862.5 - $430,000 ) / ( 10 x 2 ) )

Bond Interest expense = $22,575 - $5,993.13

Bond Interest expense = $16,581.87

8 0

3 years ago