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Dahasolnce [82]
2 years ago
9

Jose has been offered a new job. The new job will pay more than his current job. Jose is hesitant to take the new job because it

will cause his income to exceed the maximum amount in his current tax bracket. He is concerned that the increase in taxes will exceed his increased income from the new job.
a. This is not possible. Only the portion of income that exceeds Jose's current bracket will be taxed at the higher rate, not his total taxable income.
b. This is possible. Jose's entire taxable income will be taxed at the higher rate which could cause his increased taxes to exceed his increased salary.
Business
1 answer:
Serhud [2]2 years ago
4 0

Answer:

The best answer is "A"

This is not possible. Only the portion of income that exceeds Jose's current bracket will be taxed at the higher rate, not his total taxable income

Explanation:

Tax brackets are the different levels at which tax rates charged in a progressive tax system. They are standard values used for taxable income. For income that is over a particular set point, it iwill be taxed at a higher rate.

The United State has seven federal income tax brackets, with rates of 10%, 12%, 22%, 24%, 32%, 35% and 37%.

The moment Jose accepts the new job, only the portion of his income will exceed his present tax bracket will be taxed at the higher rate.

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musickatia [10]

Answer:

d. Cost cutting in one area of the value chain might increase costs in another.  

Explanation:

Although cost leadership is an efficient way to dominate the competition,it does have potential pitfalls if not executed correctly. For example, if operating cost is decreased, the changed product feature may imply a higher marketing cost afterward. In order to be truly efficient, the cost leadership strategy has to be implemented in such a way, so it doesn't impact other value chain costs negatively (increasing them).

6 0
2 years ago
Fresh-Cola Inc. is a manufacturer of carbonated drinks that packages its products in bottles, cans, and 12-pack cartons. A stand
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Answer:

Fresh cola is using packaging as a part of its product differentiation strategy

Explanation:

A product differentiation strategy may require adding new functional features or might be as simple as redesigning packaging. Therefore Fresh cola is using packaging as a part of its product differentiation strategy since it changed its previous features to a new one

4 0
2 years ago
If you put up $43,000 today in exchange for a 6.25 percent, 15-year annuity, what will the annual cash flow be?
AysviL [449]

Answer:

The annual cash flow will be $4,500.

Explanation:

Use following formula to calculate Annual Cash flow from Annuity.

Present value of annuity = annual cash flow ( 1 - ( 1 / ( 1 + rate of interest )^time period ) ) / rate of interest

PVA = C ( 1 - ( 1 / ( 1 + r )^t ) ) / r

$43,000 = C ( 1 - ( 1 / ( 1 + 0.0625)^15 ) ) / 0.0625

$43,000 = C x 9.5555

C = $43,000 / 9.5555

C = $4,500

So, the annual cash flow will be $4,500.

5 0
2 years ago
Financial accounting and reporting standards in the United States are established primarily by the:
GREYUIT [131]

Answer:

Financial Accounting standards Board (FASB)

Explanation:

Financial Accounting Standards Board (FASB)  is a private body that works as a non-profit organization that main purpose is established accounting principles in the united states. FASB work for the government, private and for a non-profit organization to prepare and present their financial statement.

FASB working with international accounting standard boards for maintaining and preparing standards worldwide

3 0
3 years ago
Select the closing entry that RB Auto would make at the end of the accounting period to close their revenue accounts and income
max2010maxim [7]

Answer:

debit Sales $15,000; debit Purchases Returns and Allowances $200 and credit Income Summary for $15,200

Explanation:

Based on the information given the CLOSING ENTRY that RB Auto would make at the end of the accounting period to close their revenue accounts and income statement accounts with credit balances are:

Debit Sales $15,000

Debit Purchases Returns and Allowances $200 Credit Income Summary for $15,200

($15,000+$200)

(To close revenue accounts and income statement accounts)

6 0
2 years ago
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