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3 years ago

Total taxes paid divided by total income is called the

Business

2 answers:

babymother [125]3 years ago

6 0

The average tax rate is the total amount of tax divided by total income.

Natasha_Volkova [10]3 years ago

3 0

Hi.

I believe this is called the average tax rate.

~

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Prepaid Rent. On September 1 of the current year, the company prepaid $44,400 for two years of rent for facilities being occupie

bezimeni [28]

Explanation:

The computation is shown below:

a. The current account balance equal to $44,400

b. The current account balance equal to

Since the company prepaid rent for two years is $44,400 but we have to compute four four months i.e from September 1 to December 31

We assume the books are closed on December 31

So, the current account balance is

= $44,400 - $7,400

= $37,000

The $7,400 is come from

= $44,400 × 4 months ÷ 24 months

= $7,400

c. And, the adjusting entry is

Rent expense A/c Dr $7,400

To Prepaid rent A/c $7,400

(Being rent expense is recorded)

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2 years ago

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Anna35 [415]

Answer:

D. balance of trade

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3 years ago

Are leadership and management the same thing?

Fiesta28 [93]

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2 years ago

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3 years ago

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3 years ago

Read 2 more answers