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
Answer:
The total Inspection cost assigned to Product Z $ 21,600
Explanation:
Jackson, Inc.
Total Product 5 Product Z
Cost % Amount % Amount
Machining, $306,000, 35 107,100 65 198,900
<u>Inspection $46,000 40 18,400 60 21,600 </u>
<u>Total $ 125,500 $ 220,500</u>
<u />
The total Inspection cost assigned to Product Z $ 21,600
The total Machining cost assigned to Product Z $ 198,900
The total Inspection cost assigned to Product 5 $ 18,400
The total Machining cost assigned to Product 5 $ 107,9100
Use the formula of the present value of an annuity ordinary to find the monthly payment
The formula is
Pv=pmt [(1-(1+r/k)^(-kn))÷(r/k)]
Pv present value 14000
PMT monthly payment?
R interest rate 0.07
K compounded monthly 12
N time 4years
Solve the formula for PMT
PMT=pv÷[(1-(1+r/k)^(-kn))÷(r/k)]
PMT=14,000÷((1−(1+0.07÷12)^(
−12×4))÷(0.07÷12))
=335.25
Total payments
335.25×12 months×4years
=16,092
Total amountof interest
16,092−14,000
=2,092
Hope it helps!
I guess the correct answer is Extranet.
You manage the Information Systems department at a small startup Internet advertiser. You need to set up an inexpensive system that allows customers to see real-time statistics such as views and click-throughs about their current banner ads.
The type of system will most efficiently provide a solution is Extranet.
Answer:
Old WACC 7.50%
New WACC 7.38%
Explanation:
D 200,000
E 600,000 (10,000 sahres x $60)
V 800,000
Ke 0.08800
Equity weight 0.75
Kd 0.06
Debt Weight 0.25
t 0.4
WACC 7.50000%
New WACC:
Ke 0.09500
Equity weight 0.6
Kd 0.07
Debt Weight 0.4
t 0.4
WACC 7.38000%
