Answer:
$19,478
Explanation:
<u>Computation of tax liability</u>
i. Total income excluding LTC gain = 108,000 - 5,800 = 102,200
ii. Tax on 102,200 as per single tax schedule = 14605.5+((102200-85525)*24%) = 18607.50
iii. Tax on LTC gain at 15% = 5800 * 15% = 870
So, Gross Tax liability = $18607.50 + $870 = $19477.50 = $19,478
Note: As per Long term capital gain schedule
Answer:
The correct answer is the option A.
Explanation:
To begin with, <em>marketing research</em> is the name given in the field of economics, to the term that refers specifically to the <u><em>systematic gathering and analysis of both qualitative and quantitative data</em></u> that focuses primarily in the product of the company and the customers as well in order to find information to help the decision makers of marketing to resolve certain situations regarding marketing issues and also to take advantages of marketing opportunities as well.
The probability of a larger population inside that airport using free Wi-Fi is 9 out of 10, against a few people who would choose to log on to a more secure connection. People would always choose the easy way to get things done. Accessing a free Wi-Fi zone exposes a user to a threat of hacking. While on a free connection; a large percentage of users are into social media, some may be sharing photos and videos, others are opening their emails or doing online banking and there are those who are just waiting for their next would-be-victim.
Since Jakob will be logging into his account to pay his bills, it is wiser to use a secured Wi-Fi connection to protect his personal information.
Answer:
Debit bad debt expenses with $1,680, and credit Accounts receivable also with $1,680.
Explanation:
Uncollectibles = Accounts receivable × 1.50% = $112,000 × 1.50% = $1,680
The December 31 year-end adjusting entry for uncollectibles will be as follows:
<u>Details Dr ($) Cr ($) </u>
Bad debt expenses 1,680
Accounts receivable 1,680
<u><em>Being the amount Accounts receivable estimated to be uncollectible</em></u>
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Answer and Explanation:
The journal entries are as follows:
1. cash dividend Dr (7,000 shares × $1) $7,000
To Dividend payable $7,000
(Being the declaration of the dividend is recorded)
Here the cash dividend is debited as it increased the balance of the dividend and dividend payable is credited as it increased the liabilities
2. Dividend payable Dr $7,000
To Cash $7,000
(being the payment is recorded)
Here the dividend payable is debited as it decreased the liabilities and cash is credited as it also decreased the assets
