1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vera_Pavlovna [14]
3 years ago
6

Annie invested in a set of stocks and made $4,000 in profit. She has learned that she will have to pay taxes on the profit she h

as made. Here are the tax rates affecting Annie’s investment: State tax: 5% Federal tax: 25% Annie must pay in taxes to the state government on her investment. She also must pay in taxes to the federal government. As a result of the money she will lose to taxes, the real value of Annie’s profit is
Business
2 answers:
Temka [501]3 years ago
8 0
State tax is 5%, so 0,05
0,05•4000=200$

Federal tax is 25% so 0,25
0,25•4000=1000$

Total of taxes to pay =1000+200=1200$

So the real profit will be
4000-1200=3800$

The real value of Annie's profit is 3800$



kodGreya [7K]3 years ago
4 0

To solve:

State tax is 5% - you need to first find how much of the $4,000 goes to state tax: $4,000 x 5% = $200

Next find the Federal tax of 25% - $4,000 x 25% = $1,000

Next add the two tax amounts that are being taken out of Annie's paycheck together: $1,000 + $200 = $1,200

Finally, subtract the tax amount of $1,200 from $4,000 = $2,800

The real value of Annie's profit is $2,800 due to the amount of taxes taken out of her paycheck.

You might be interested in
Thirty-year-old Henry tells his wife that he has 51,000,000 saved already. She tells him they should go on a big vacation soon.
Dimas [21]

Answer:

A

Explanation:

5 0
3 years ago
What arethe involvement factors likely to be associated with buying a new computer?
Studentka2010 [4]

The involvement factors would be the price of the computer, the style, the model, and the things you could do with the computer.

8 0
3 years ago
How many dollars does Johnson & Johnson make every 20 seconds?
Alex Ar [27]

Answer:

Johnson & Johnson make $51,433.28 every 20 seconds

Explanation:

<u><em>The complete question is</em></u>

I'm playing a riddle game thing and one of the questions is

"How many dollars does Johnson & Johnson make every 20 seconds?"

I found that they make 81.1 billion dollars yearly, but I have no clue how to get it to 20 seconds.

Remember that

1 year=365 days

1 day=24 hours

1 hour=60 minutes

1 minute=60 seconds

so

Convert year to seconds  

(365)(24)(60)(60)=31,536,000\ sec

1 billion=1,000 millions

1 billion=1*10^9

81.1 billion dollars=81.1*10^9 dollars

we have

81.1*10^{9} \frac{\$}{year}

Convert to $/sec

81.1*10^{9}\frac{\$}{year}=81.1*10^{9}/31,536,000=2,571.66\frac{\$}{sec}

Multiply by 20 sec

2,571.66(20)=\$51,433.28

therefore

Johnson & Johnson make $51,433.28 every 20 seconds

3 0
3 years ago
Other things held constant, which of the following actions would increase the amount of cash on a company's balance sheet? Group
Yakvenalex [24]

Answer:

The company issues new common stock.

Explanation:

As we know that the cash balance have the debit balance so if there is increase in cash balance so the balance would remain in debit itself

In the given choices, the company issues common stock which increases the cash balance and the journal entry is as follows

Cash Dr XXXXX

      To Common stock XXXXX

(Being the common stock is issued for cash)

And, the rest transactions shows the outflow of cash

6 0
3 years ago
The marketing department wants to buy two new computers. One computer will be used for their graphic artist to create graphics a
BartSMP [9]

Answer:

Explanation:

While buying a computer , the potential purpose and usage of the computer should as well as the component of the computer to buy should be considered in order to make a right selection .

As graphics designing software is processor intensive , a processor with a very high speed of at least 1 Ghz and an adequate RAM to aid faster process at once , minimum of 8Gb is required.

However , considering the function of a secretary which is to track billing and hours , a computer with a slower process will definitely perform the task

8 0
3 years ago
Other questions:
  • Donna Holbrook, an administrative assistant at Mason Enterprises, charged some office supplies to the company credit card. Sever
    9·1 answer
  • S takes out a health insurance policy which contains a provision that states that the agent does not have the authority to chang
    7·1 answer
  • Skysong Industries had one patent recorded on its books as of January 1, 2020. This patent had a book value of $432,000 and a re
    11·1 answer
  • Greening refers to: a. Answer the need for more carbon dioxide in our air. b. firms acquiring more green backs (U.S. dollars) fr
    15·1 answer
  • You just borrowed money for four years to buy a car. The payments are $218 a month and the APR is 7 percent. How is the EAR comp
    14·1 answer
  • If you are denied credit, a job, a license, an insurance policy, or a loan based on your credit report, you are entitled to rece
    11·1 answer
  • When a firm shifts from transactional selling to a value-added and relationship approach, a number of changes have to take place
    7·1 answer
  • Do you think people tailor their behavior to suit those in power more than they admit?
    11·1 answer
  • How might a company go about finding the right inventory control strategy?
    10·1 answer
  • On January 1, 2008 an asset was acquired for $30,000. Its useful life was expected to be 10 years and the salvage value is expec
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!