Your federal income taxes are taxes that are taken by the federal government based on the amount of money you make during the year. These taxes come out on each paycheck and are deducted from your salary. At the end of the year, you are able to file a tax return and claim things against the money the government has taken from you to receive some back. This is known as filing your Federal Tax Return. When solving this question, we are assuming there are no deductions and we know that the federal income taxes are 10% of $42,500.
To solve, take $42,500 and multiply it by 10%, this will give you the total amount of income tax owed which is $4,250.
Answer:
TRUE
Explanation:
At the time of capital deficiency and the partner pays the deficit amount using his personal asset, he is therefore entitled to his share in the final distribution of cash. In the event the partner did not pay the deficit amount during the deficiency, the said amount will be deducted by his share before he will be entitled to any excess. A partner that is bound up to his personal asset is the general partner. Limited partners are not liable up to their personal asset and bound only up to their capital contribution provided that they are registered in the articles of partnership as 'limited partner" and they will not take part in the management of the partnership.
Answer:
The weighted-average unit contribution margin is $610
Explanation:
Hi, first we need to find the contribution margin for each line of product. This is as follows.
Laptops
Desktops
Now, the weighted-average unit contribution margin is as follows.
So, the weighted-average unit contribution margin for this company is $610
Best of luck
Answer:
The correct answer is B: the jobs produced during the period have been under-costed
Explanation:
Giving the following information:
If manufacturing overhead has been under-allocated during the period, then which of the following is true?
(a) the jobs produced during the period have been over-costed
(b) the jobs produced during the period have been under-costed
(c) the jobs produced during the period have been costed correctly
(d) none of the above
When manufacturing overhead has been under-allocated means that the actual costs incurred where superior that the estimated cost for the period.
