Answer:
The correct answer is (e) None of the choices listed are correct.
Explanation:
Solution
Given that:
1. The Qualified dividend is the dividend taxed at capital gain tax rate and unqualified dividend taxed at individuals normal income tax rate. Therefore qualified dividend and non qualified dividend of $1500 &$500 included in gross taxable income.
2. Earned on US treasurers is exempt at state level but fully taxable at federal level. $1000 received taxable
3. State tax refund; don't report the state tax refund if didn't itemized deductions on federal tax return. Consider $1000 received as state tax refund required to be reported because of itemized deductions.
4. Section 125 of IRC specifies that cafeteria plans are exempt from calculation of gross income for federal taxation. Therefore $5000 cafeteria plan provided by employer is exempt.
5. During the year any state or local taxes paid and property taxes paid are deductible. Therefore $9000 and $3000 deductible subject to maximum $10000 of income tax and mortgage interest is $14000.
Now,
The Income is
The Salary= $200000
Add
The Qualified dividend= $1500
Non-qualified dividend =$500
Income from US treasurer $1000
State tax refund =$1000
Gross income$204000
The Less deductions.
Mortgage interest 14000
Income ans property tax is$10000
Tax able income= $ 180000
Therefore the taxable income is =$180000
The answer is: C. government should become involved in markets when those markets fail to produce efficient or fair outcomes.
When left without regulations, many companies decided to do unfair business practice such as putting materials that dangerous for the consumers or giving their employees with unfair wages.
Because of this, government need to step in and make regulations to watch over the companies. (such as determining which materials would be safe as ingredients or creating legislation that regulate the minimum wages in the state)
Answer:
Increase in income= $1,215,000
Explanation:
Giving the following information:
Billings Company has the following costs when producing 100,000 units: Variable costs $600,000 Fixed costs 900,000 An outside supplier has offered to make the item at $4.50 a unit. If the decision is made to purchase the item outside, current production facilities could be leased to another company for $165,000.
We don't know if all the fixed costs belong to the current production facilities. We will assume it does.
Current total cost= 600,000 + 900,000= $1,500,000
Buy= 4.5*100,000 - 165,000= 285,000
Increase in income= 1,500,000 - 285,000= $1,215,000
Answer:
What type of competitive growth strategy is Jessica's manager discussing?
c. product development
Explanation:
Most companies in business usually compete over the number of customers that they can gain over time, at times called the market share. The amount of market share a business has directly affects the sales and profit margins. The market share is a limited resource, therefor companies in business have to use various strategies to ensure that they have a proportional share of the market. A business that is just starting or that is relatively young, needs a growth strategy especially if there is an existing competition with a huge market share. Growth strategies are methods that small businesses can use to expand and develop thus increasing there market share. There are different strategies that could be used. Some examples are; market penetration, market expansion, product development and acquisition of other companies.
Let as consider product development as a competitive growth strategy. Product development involves all the steps towards developing a new product or re-branding the product to attract customers. The decision by Jessica's manager to utilize the firm's top-secret salsa recipe and packaging them into 16-ounce jars to sell at the restaurant to expand their market share is a form of product development strategy.
Answer:
Full question: <em>On their birthdays, employees at a large company are permitted to take a 60-minute lunch break instead of the usual 30 minutes. Data were obtained from 10 randomly selected company employees on the amount of time that each actually took for lunch on his or her birthday. The company wishes to investigate whether these data provide convincing evidence that the mean time is greater than 60 minutes. Of the following, which information would NOT be expected to be a part of the process of correctly conducting a hypothesis test to investigate the question, at the 0.05 level of significance?</em>
<em>Answe</em><em>r: Since that the p-value is greater than 0.05, rejecting the null hypothesis and concluding that the mean time was not greater than 60 minutes. </em>
Explanation:
<em>From the given question let us recall the following statements:</em>
<em>Employees at a large company are permitted to take a 60-minute Lunch break instead of the 30 minutes.</em>
<em>Data was gotten from = 10 randomly selected company employees on the amount of time that each actually took for lunch on his or her birthday</em>
<em>Given that the p-value is greater than 0.05, rejecting the null hypothesis and concluding that the mean time was not greater than 60 minutes.</em>
<em>The company tries to investigate the data to know that the mean is greater than 60 minutes</em>
<em>the next step is to find the process of correctly conducting a hypothesis test to investigate the question, at the 0.05 level of significance</em>
<em>Therefore,</em>
<em>Since that the p-value is greater than 0.05, rejecting the null hypothesis and concluding that the mean time was not greater than 60 minutes. </em>
<em>Or</em>
<em>The P-value> 0.05</em>
<em>The mean time is not greater than 60 minutes</em>
