Answer:
$234.87
Explanation:
Pinky's new balance will be the opening balance plus additional. Deposits minus withdrawals. The new balance will be the starting balance plus cash-in minus the cash-out.
Starting balance =$137.66
Cash-in: $146.24
Cash-out : check $23.62 + (AT) of $25.41 =$49.03
New balance = $137.66 + $146.24 - $49.03
=$283.9- 49.03
=$234.8
Answer:
the total overhead cost is $1,560
Explanation:
The computation of the total overhead cost for product X is given below:
Setup cost = 40,000 ÷ 200 × 4 = 800
Ordering cost = 20,000 ÷ 1,000 × 8 = 160
Maintenance cost = 50,000 ÷ 5,000 × 50 = 500
Power = 10,000 ÷ 10,000 × 100 = 100
Hence, the total overhead cost is $1,560
Answer: Keeping a log of business expenses Ignoring earnings from a lawn mowing business (Tax evasion )
Not reporting interest earned on a savings account ( tax avoidance )
Keeping a log of contributions to a charity ( tax avoidance )
Not reporting tips Claiming your dependents as tax deductions ( tax evasion )
Explanation: by keeping a log of expenses and ignoring the income of a lawn business you are deliberately carrying out tax evasion because you are not declaring your total earnings and profits.
By not reporting interest earned on a savings account you are devising a means to pay a lower tax legally.
Keeping a log of donations to charity
this is a perfect example of tax avoidance because by donating to charity you are trying to avoid paying high taxes legally.
By not reporting tips earned you are trying to evade paying additional tax.
B. Usually when you engage in tax evasion you risk exposing yourself to greater cost, which usually higher than normal. Once discovered fine payable can be as much as three times the amount concealed.
Answer:
D. It makes all citizens pay the same percentage of their income in
taxes.
Explanation:
A proportional tax system imposes the same tax rate for all individuals regardless of the level of income. For example, if the tax rate is set at 5%, all taxpayers will be taxed at that rate. A person earning $10,000 will pay $500 (5% of 10,000) while the one earning $100,000 ( 5% of 5000)will pay $5,000.
A proportion tax system is also known as the Flat rate system. It is easy to compute and implement. The propositional tax system may appear to be fair because it treats all taxpayers equally and encourages people to earn more. However, it places a heavy tax burden on low-income earners.
The answer to the blank space is green-oriented.
Green-oriented products are also known as environmental-friendly products, which means either the product is created from raw materials that will not cause harm upon use or disposal to the environment, or that the product is created through a process that does not impact the environment in a harmful manner.
In the Frito-Lay’s case of snack food manufacturing, it is clear that this is the second type of environmental-friendly product, since the product is partially produced using solar power which leads to less harmful pollution for the environment.
