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Rainbow [258]
3 years ago
15

You consider that when organizing as a corporation, you will pay taxes at the corporate level (21% tax rate) and when dividends

are distributed to owners (15% tax rate). Instead, you organize as a partnership and pay taxes only at your personal rate (24%). Approximately, how much do you save? (Round to the nearest percent.)
Business
1 answer:
madam [21]3 years ago
8 0

Answer:

9%

Explanation:

Calculation for how much do you save

Using this formula

Percentage saved=Personal rate -Dividend rate

Let plug in the formula

Percentage saved=24%-15%

Percentage saved=9%

Therefore how much do you save is 9%

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Calculate Payroll An employee earns $44 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. Assume th
Ket [755]

Answer:

The correct answer for option (a) is $3,080 and for option (b) is $2,141.

Explanation:

(a). Current pay = $44

After 40 hours, Pay = $44 × 1.5 = $66

So, we can calculate the gross pay by using following formula:

Gross pay = (40 hours × $44 ) + (20 hours × $66)

= $1,760 + $1,320

= $3,080

(b).

Security Tax = Gross pay × 6% =  $3,080 × 6% = $184.8

Medicare Tax = Gross pay × 1.5% =  $3,080 × 1.5% = $46.2

Federal Income Tax = $708

So, we can calculate the net pay by using following formula:

Net Pay = $3,080 - $184.8 - $46.2 - $708

= $2,141

3 0
3 years ago
This one is harder you have to try to gfuess my favoitre coulor if you can guess it you get brainnlest
My name is Ann [436]
Red? ?????????? I’m guessing
7 0
3 years ago
Read 2 more answers
Allison has a horse stall cleaning business that has been growing rapidly since she started it three years ago. She estimates th
Reil [10]

Answer: 13.2%

Explanation:

Given data:

No of stores in the market = 5000

No. of store owners = 2000.

Allison charges = $8/month

Sam charges = $8/month.

Solution:

The market penetration rate would be calculated based on potential customers.

Using our general formula,

Market penetration=Numbers of customers who purchased Allison derived sales and Sam derived sales /Total potential population

Where,

Total potential population=1,500

•Allison derived sales = 129 customers

•Sam derived sales = 69 customers

•Numbers of customers who purchased Allison derived sales and Sam derived sales=129 customers+ 69 customers

•Numbers of customers who purchased Allison derived sales and Sam derived sales =198 customers

Let’s input this into our general formula.

Market penetration

= 169 customers/1,500

= 0.132*100

= 13.2%

The market penetration rate based on potential customers is 13.2%

8 0
3 years ago
Which organization, established in 1946, primarily serves to loan funds to underdeveloped and developing nations, where the fund
klio [65]

International bank for reconstruction and development was formed

primarily serves to loan funds to underdeveloped and developing

nations.

<h3>What is a Loan?</h3>

Loan involves lending money to an individual or organization. This is also

referred to a form of debt accrued through this process.

Developed nations established International bank for reconstruction and

development in 1946 to loan funds to underdeveloped and developing

nation. The funds are used to finance projects ranging from road and

factory construction to the building of medical and educational facilities.

Read more about International bank for reconstruction and development

here brainly.com/question/9882243

7 0
3 years ago
What is the main determinant of profit
Alexxx [7]

Answer:

The main determinant of profit is in any business is the number of production units.

Hope this helps..

Explanation:

8 0
3 years ago
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