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Alika [10]
3 years ago
14

Scot and Vidia, married taxpayers, earn $92,000 in taxable income and $5,000 in interest from an investment in City of Tampa bon

ds. (Use the U.S. tax rate schedule for married filing jointly). (Do not round intermediate calculations. Round your answer to 2 decimal places.) a. If Scot and Vidia earn an additional $60,500 of taxable income, what is their marginal tax rate on this income?
Business
1 answer:
jok3333 [9.3K]3 years ago
3 0

Answer:

a. Total Income=$152,500

Marginal Tax rate = 17.3%

Explanation:

Total Income=Taxable Income+Additional Income = $92,000+$60,500=$152,500

Marginal Tax rate = 17.3%

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Ridgewood Company had the following ending balances on its financial statements: 2018 2019 2020 Prepaid insurance $1,400 $ 900 $
Radda [10]

Answer:

B $12,300

Explanation:

Note that the movements in the prepaid insurance account balance is as a result of payments and amortization of these expenses as they fall due. While additional payments increases the prepaid insurance balance, amortization reduces it.

Given that the ending balance in the Prepaid insurance account for 2018 is  $1,400. This is the opening balance for prepaid insurance in 2019. Given that the insurance expense for 2019 is $12,800 and the ending balance in the Prepaid insurance account for 2019 is $900

Let the amount paid in 2019 be r

Then

$1,400 + r - $12,800 = $900

r = $900 + $12,800 - $1,400

r = $12,300

The right answer is B $12,300

7 0
3 years ago
A decrease in government spending
stich3 [128]

Answer:

a. decreases the interest rate and so investment spending increases.

Explanation:

An increase in government spending has a crowd-out effect on the economy as interest rate rises since government borrows more than many businesses in terms of size and volume. The opposite effect results when government spending decreases.

5 0
3 years ago
Rodrick, a management consultant, believes that organizations should engage in participative decision making because the increas
Dmitrij [34]

Answer:

cognitive (*)

Explanation:

Rodrick, a management consultant, believes that organizations should engage in participative decision making because the increased information flow which results from employee participation leads to better decision making. Rodrick believes in the cognitive(*) model of participative processes.

4 0
3 years ago
Read 2 more answers
Considered alone, which of the following would increase a company’s current ratio? a. An increase in net fixed assets. b. An inc
jek_recluse [69]

Answer:

d. An increase in accounts receivable.

Explanation:

5 0
3 years ago
15.Susan's father warned her about buying real estate. He told her that it was her responsibility to determine the facts about a
shutvik [7]

The legal issue Susan's father was advising her about is known as caveat emptor.

<h3>What is caveat emptor?</h3>

Caveat emptor is the principle which states that consumer alone is the one responsible for checking the quality and the suitability of goods before a purchase is made. Caveat emptor is a Latin phrase that means "let the buyer beware.

It was used to express the doctrine used by businesses during the 1900s that meant "what you see is what you get. Susan is being told by her father to be beware of the contract terms and the property she is going to buy, which is necessary to avoid complaint afterwards.

Therefore, the legal issue Susan's father was advising her about is known as caveat emptor.

Learn more about caveat emptor here: brainly.com/question/5004670

4 0
2 years ago
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