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3 years ago

One of the best ways to research a college is to:

Business

2 answers:

RSB [31]3 years ago

7 0

Answer:

Explanation:

you have a better chance with understanding the way it works and sees if it really interest you and it's something you want.

Mademuasel [1]3 years ago

3 0

C . The best way to know if a college is what your looking for is it cost and see for yourself

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Chuck, a single taxpayer, earns $75,000 in taxable income and $10,000 in interest from an investment in City of Heflin bonds. (U

scZoUnD [109]

Answer:

a. 24%

b. 12%

Explanation:

Marginal tax rate is an incremental tax rate that is paid out of the taxable income of a tax payer. It represents the rate at which the last unit of dollar of the taxable income is taxed. The marginal rate for each income bracket is supplied by the Internal Revenue Service (IRS).

Chuck Marginal Tax Rate

a) The marginal tax rate for Chuck if he earns additional $40,000 taxable income will be:

= $75,000 + $40,000

= $115,000

Marginal tax rate for $115,000 is 24% according IRS tax rate schedule.

b) If instead, it is an additional deduction of $40,0000, the marginal tax rate will be:

= $75,000 - $40,000

= $35,000

The marginal tax rate for taxable income of $35,000 is 12% according US tax rate schedule.

Note: the interest is categorized as interest from municipal bond, so it is tax free.

It is also assumed that Chuck is single. Hence, tax rate under single filer applies to him.

3 0

3 years ago

Performance Bike Co. is a wholesaler of motorcycle supplies. An aging of the company's accounts receivable on December 31 and a

maw [93]

Answer:

$36,648

Explanation:

age balance % uncollectible total

Not past due $890,000 3/4% $ 6,675

1-30 days past due $97,900 2% $ 1,958

31-60 days past due $44,500 6% $2,670

61-90 days past due $32,000 16% $ 5,120

91-180 days past due $23,100 40% $ 9,240

Total $1,104,400 $36,648

journal entry should be:

December 31, 202x, bad debt expense

Dr Bad debt expense 36,648

Cr Allowance for doubtful accounts 36,648

8 0

3 years ago

Mischa wants to buy a home. She has looked at the housing market. Now she needs to find a__________ to become_______ for a mortg

Amiraneli [1.4K]

its lender then prequalified just took the test

3 0

3 years ago

Read 2 more answers

The Yum and Yee food truck near the business school serves customers during lunch hour by taking orders and making fresh batches

Marina86 [1]

Answer:

Setup time = 2.5 min. per order

Process capacity = 1.09 units/minute

Utilization = 7.5 minutes

Explanation:

The time to cook just one order = 3 minutes

Cooking two orders in a batch = 3.5 minutes

cooking three orders = 4 minutes

bagging and accepting payments = 0.80 minutes

a) Setup time:

Setup time = 3 - 0.5

= 2.5 min. per order

b) Process capacity:

Production = Setup time + ( Processing time * Batch size )

= 2.5 + (0.5 * 6)

= 5.5 minutes

Process capacity = Batch size / Production

= 6 / 5.5

= 1.09 units/minute

c) Utilization:

Batch size = 10

Production = Setup time + (Processing time * Batch size)

= 2.5 + (0.5 * 10)

= 7.5 minutes

5 0

3 years ago

Gerald received a one-third capital and profit (loss) interest in XYZ Limited Partnership (LP). In exchange for this interest, G

olchik [2.2K]

Answer:

The appropriate answer is "$9,300".

Explanation:

The given values are:

FMV,

= $31,000

Adjusted basis,

= $15,500

Encumbered mortgage,

= $9,300

Now,

The Gerald's outside basis will be:

= $Adjusted \ basis-Encumbered \ mortgage+Share \ of \ mortgage$

On substituting the given values, we get

= $15,500 - 9,300+(\frac{9,300}{3})$

= $15,500 - 9,300 + 3,100$

= $18,600-9,300$

= $9,300$ ($)

7 0

3 years ago