Answer:
$92,054
Explanation:
The computation of the gross income is shown below:
= Wages earned + interest received from a savings account
= $87,240 + $4,814
= $92,054
We simply added the wages earned and the interest received from a savings account so that the accurate amount can come i.e gross income
All other information which is given is not relevant. Hence, ignored it
Answer: D. Both b and c
Explanation: Resources are a set of elements available to solve a need, they are usually used as raw material to supply companies, however their availability may be limited, so there may be a shortage that is the lack of something in the market, given this situation should be increased the amount available for production to be continued.
Answer:
$34,500
Explanation:
Whelan, Inc.
2019 Operating Cash Flow
<u>Details Amount ($)</u>
Interest expense paid (97,500)
Decrease in net working capital investment <u> 132,000 </u>
Net operating cash flow <u> 34,500 </u>
Answer:
$500 gain and $185 tax
Explanation:
Sale of share = No. of NQOs × No. of shares × Selling price per share
= 10 × 10 × $20
= $2,000
Basis = No. of NQOs × No. of shares × share price @$15
= 10 × 10 × $15
= $1,500
Gain realised = Sale of share - Basis
= $2,000 - $1,500
= $500
The tax is calculated as follows:
= Gain realised × marginal tax rate
= $500 × 37%
= $185
