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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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At December 31, 2020 the following balances existed on the books of Rentro Corporation: Bonds Payable $7,000,000 Discount on Bon

Tomtit [17]

Answer:

Loss on retirement of debt = $1,030,000

Explanation:

the company paid $7,070,000 in order to retire the bonds, and hte journal entry was:

Dr Bonds payable 7,000,000

Dr Loss on retirement of debt 1,030,000

Cr Cash 7,070,000

Cr Discount on bonds payable 960,000

Loss on retirement of debt = cash paid - carrying value = $7,070,000 - $6,040,000 = $1,030,000

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3 years ago

Give two examples of mandatory payroll deductions

LuckyWell [14K]

Answer:

Payroll deductions include: Payroll tax withholdings such as fedral, state, and local income taxes, social security taxes, unemployment taxes; Voluntary deductions such as contributions to a pension plan, premium for group life.

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3 years ago

When the economy is producing the level of output equal to natural Real GDP, the unemployment rate is equal to :A. zero. B. the

VLD [36.1K]

Answer:

B. the natural unemployment rate.

Explanation:

When the level of output is equal to natural real GDP, it indicates that the country has reach a very optimal level of production has efficiently utilize all resources that it has in its disposal. These 'Resources' include both human , capital, and natural resources.

Natural employment rate is the amount of employment rate that occurs after a country has fully utilize its resources. Like mentioned above, This situation will arise when the level of of output equal to natural Real GDP

Since there is little to no human resources left unused which make natural unemployment rate basically equal to the total employment rate that exist in that country.

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3 years ago

What is the present value of $2,025 per year, at a discount rate of 7 percent, if the first payment is received 6 years from now

Marysya12 [62]

Answer:

The correct answer is $20,369.65.

Explanation:

According to the scenario, the computation of the given data are as follows:

Payment (pmt) = $2,025

Discount rate ( rate) = 7%

Time period ( Nper) ( 6 -23 years) = 18 years

So, we can calculate the Present value by using financial calculator.

Attachment is attached below.

So, Present Value = $20,369.65

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3 years ago

A company has a selling price of $1,950 each for its printers. Each printer has a 2 year warranty that covers replacement of def

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Answer:

$100980

Explanation:

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3 years ago

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