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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 1, Hartford Construction purchases a bulldozer for $228,000. The equipment has a 9-year life with a residual value of $1

UkoKoshka [18]

Answer:

a. Depreciation expense per hour:

= (Cost - salvage value) / Expected operating hours

= (228,000 - 16,000) / 26,500

= $8 per hour

b. First year depreciation: Second year depreciation:

= 1,250 * 8 = 2,755 * 8

= $10,000 = $22,040

Third year depreciation:

= 1,225 * 8

= $9,800

Journal entries

Date Account Title Debit Credit

June 30, Year 1 Depreciation $10,000

Accumulated Depreciation $10,000

Date Account Title Debit Credit

June 30, Year 2 Depreciation $22,040

Accumulated Depreciation $22,040

Date Account Title Debit Credit

June 30, Year 3 Depreciation $9,800

Accumulated Depreciation $9,800

4 0

3 years ago

A form of ownership that involves multiple outlets under common ownership is refered to as

Sergeu [11.5K]

Answer:

Corporate chain

Explanation:

The corporate chain is that chain that owns its multiple outlets so that it can ensure the day to day activities, profit or losses for a given period of time.

The aim of this to maximize the profit to the greatest extent and captures the market by providing them excellent services so that it can achieve the highest growth during a particular period which results in them into maintaining its reputation and goodwill

3 0

3 years ago

People aged __________ are the most entrepreneurially active in the united states. a option

Sliva [168]

I am answering based on observation, researchg, but I'm not an expertise in this field of study. My research suggests option D because these ages are more financially stable at this time in life. 86% of them have stable jobs, good benefits, grown children, or still single and focused primarily on their high paying, busy occupations. They prefer to be single (married to work) and have the means to take "educated" risks.
My first thought was A because the younger generation are more likely to take risks, but do not have the financial means to survive living this way unless they come from a family of wealth, or win the lottery.
82.5% between the ages of 25 to 34 are getting out of college, focused on finding jobs with benefits, getting married, and having kids. More focus is on making a living and raising a family.

5 0

3 years ago

The Purple Martin has annual sales of $687,400, total debt of $210,000, total equity of $365,000, and a profit margin of 5.9 per

enot [183]

Answer:

7.1%

Explanation:

Purple martin has an annual sales of $687,400

The total debt is $210,000

Total equity is $365,000

Profit margin is 5.9%

= 5.9/100

= 0.059

The first step is to calculate the net income

Net income= sales×profit margin

= $687,400×0.059

= $40,556.6

The next step is to calculate the total assets

Total assets= Total debt+Total equity

= $210,000+$365,000

= $575,000

Therefore, the return on assets can be calculated as follows

ROA= Net income/Total assets

= 40,556.6/575,000

= 0.0705×100

= 7.1%

Hence the return on assets is 7.1%

3 0

4 years ago

Phyllis, Inc., earns book net income before tax of $600,000. Phyllis puts into service a depreciable asset this year, and first

AnnZ [28]

Answer:

b. $210,000

Explanation:

The computation of the total income tax expense is shown below:

= Net income before tax × U.S tax rate

= $600,000 × 21%

= $210,000

As in the question, the net income before tax includes depreciation expense so we do not add it again. That's why we do not consider the depreciation expense in the computation part.

8 0

4 years ago