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2 years ago

Money taken out of a salary for such things as taxes, medical insurance, and retirement funds is called

Business

2 answers:

Andre45 [30]2 years ago

5 0

A. deductions as these are the items that are deducted from your salary.

zloy xaker [14]2 years ago

4 0

Money taken out of a salary for such things as taxes, medical insurance, and retirement funds is called <u> "deductions".</u>

A deduction is any thing or expenditure subtracted from gross pay to lessen the measure of pay subject to pay charge. It is additionally alluded to as a "passable derivation." For instance, on the off chance that you acquire $50,000 and guarantee a finding for $1,000, your assessable salary is decreased to $49,000.

A deduction ought not be mistaken with a tax credit, which lessens the measure of expense owed as opposed to decreasing your taxable pay.

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project x has an initial cost of $20,000 and a cash inflow of $25,000 in year 3. project y costs $40,700 and has cash flows of $

Helen [10]

Project X has a $20,000 start-up cost and a $25,000 cash inflow in year 3. Project Y has a $40,700 cost and generates cash flows of $12,000, $25,000, and $10,000 over the course of its first three years. The projects are mutually exclusive, and the discount rate is 6%. You should approve the project in the end based on the irrs and npv of each individual project as well as your own assessment of those factors. X;Y:Y.

Start-up costs are the costs a business spent or incurred to establish an active trade or business, or to research establishing or acquiring an active trade or business. Start-up costs are sums paid or expended in connection with a current profitable activity that is intended to generate money prior to the activity becoming a fully operational trade or business. Equipment, incorporation fees, insurance, wages, and taxes are just a few of the startup costs. Although startup costs will differ depending on your business's industry and type, an expense for one firm might not be applicable to another. It helps you effectively launch your firm and maintain profitability after your doors are open to understand your expenses and how you will manage them.

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1 year ago

Granfield Company has a piece of manufacturing equipment with a book value of $35,500 and a remaining useful life of four years.

Doss [256]

Answer: Option (e) is correct.

Explanation:

Given that,

Book value of manufacturing equipment = $35,500

Current market value of equipment = $21,100

Cost of new machine = $111,000

cash received from trading old machine = $21,100

Variable manufacturing costs of new machine reduce by $18,100 per year over the four-year =

Total increase/decrease in net income = Cost of new machine + cash received from trading old machine + Reduction in Variable manufacturing costs

= ($111,000) + $21,100 + $18,100 × 4

= ($17,500)

Note: Bracket represents the negative values.

∴ The total decrease in net income by replacing the current machine with the new machine is $17,500.

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3 years ago

Morris' company decided in the beginning of 2017 that they need to make $6,000,000 worth of improvements starting january 1, 202

Ne4ueva [31]

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3 years ago

A 15% increase in sales resulted in a 40% increase in net income for Company A and a 60% increase in net income for Company B. B

Ivahew [28]

company B has the greater operating leverage

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1 year ago

Federated investors has a , with each mutual fund being managed by several portfolio managers who together take responsibility f

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3 years ago