$7,060.
First, you will need a copy of the Form 1040 for 2013 (https://www.efile.com/tax-form/2013-federal-form-1040-a-us-individual-income-tax-return.pdf). Next, you will start at the top of the second page with Adjusted Gross Income (AGI) of $73,015. You will next subtract the standard deduction for a married filing jointly couple of $12,200 to get Line 25 of $60,815.
Next, you will subtract the number of exemptions multiplied by $3,900. Because this is a filer and her spouse, with no dependent children, you only have two exemptions, for a total of $7,900 for Line 26. You subtract this amount from Line 25 to get your Taxable Income of $53,015. You use this Taxable Income and the 2013 Tax Table (https://www.efile.com/tax-form/2013-federal-tax-tables.pdf) to find the amount of federal tax income for 2013, or $7,060.
Answer:
Option A is correct
Explanation:
The reason is that the control of the financial asset is not delivered to the investor as the investment is more than one companies and management of investments in a number of companies to diversify the income arising from these investments. Option B is not the definition of foreign direct investment. It is the definition of Portfolio investments. Option C is also incorrect because it is partially correct because the portfolio investment includes selling of financial assets too.
Answer:
285,000 common stock outstanding with a $8 par value
it declares 13% stock dividend
market price at $16
since the stock dividend is considered small (less than 20%), we use the market price to record it
December 1, 202x stock dividends are declared (37,050 stocks)
Dr Retained earnings 592,800
Cr Common stock dividends distributable 296,400
Cr Additional paid in capital 296,400
December 31, 202x, distribution of stock dividends
Dr Common stock dividends distributable 296,400
Cr Common stock 296,400
Answer:
Cutting department = $52.50
Finishing department = $90.00
Explanation:
The computation of factory overhead rates under the multiple production department rate method is shown below:-
For cutting department
= Overhead cost ÷ Direct labor hour
= $315,000 ÷ 6,000
= $52.50
For Finishing department
= Overhead cost ÷ Direct labor hour
= $540,000 ÷ 6,000
= $90.00
Hence, the above are the answers and the same is to be considered
Answer:
7% annually
Explanation:
Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity. It is the long term return of the bond which is expressed in annual term.
Face value = F = $1,000
Coupon payment = $1,000 x 8.4% = $84/2 = $42 semiannually
Selling price = P = $1,043
Number of payment = n = 3 years x 2 = 6
Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]
Yield to maturity = [ $42 + ( $1,000 - $1,043 ) / 6 ] / [ ( $1,000 + $1,043 ) / 2 ]
Yield to maturity = [ $42 - 7.16 ] / $1,021.5
Yield to maturity = 0.0341% = 3.41% semiannually = 6.82% annually
Rounded off to whole percentage 7%