1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
frez [133]
3 years ago
7

This year Lloyd, a single taxpayer, estimates that his tax liability will be $11,350. Last year, his total tax liability was $15

,900. He estimates that his tax withholding from his employer will be $8,655. Problem 8-77 Part-a (Algo) a. How much does Lloyd need to increase his withholding by (for the year), in order to avoid the underpayment penalty
Business
1 answer:
Dmitrij [34]3 years ago
3 0

Answer:

Lloyd needs to increase his witholding tax to $1,560 this year in order to avoid the underpayment penalty .

Explanation:

As a rule, a citizen can maintain a strategic distance from an underpayment of punishment if their retention and evaluated assessment installment measure up to or surpass one of the two safe harbours

90% of current expense risk = 90% × $11,350

= $10,215

100% of past assessment risk = $15,900

Since his(Lloyd) retention is not equal to or exceed $10,215 or $15,900

Llyod should expand retaining or make payment this year in order to stay away from underpayment punishment

= $10,215 - $8,655

= $1,560

You might be interested in
Which of these results in a lower net income?
kozerog [31]
I think the correct answer from the choices listed above is the third option. It is the withholdings that result in a lower net income. <span>A </span>withholding<span> tax, also called a retention tax, is a government requirement for the payer of an item of income to </span>withhold<span> or deduct tax from the payment, and pay that tax to the government. </span> 
7 0
3 years ago
Read 2 more answers
Sid files a suit against tina. before going to trial, the parties, with their attorneys, meet to try to resolve their dispute. a
Maurinko [17]
A third party help them to reach an agreement and this is meditation. Meditation is a practice where individuals train or operates their mind or induces a mode of consciousness. When the person meditate, this person wants more time to think and to make her mind calmer and be more focused.
8 0
3 years ago
The monopoly maximizes profit by setting a. price equal to marginal revenue. b. marginal revenue equal to marginal cost. c. pric
Ksenya-84 [330]

(C) price equal to marginal cost.

Monopoly is a market condition with only one seller of a product where there is barriers to entry of others and presence of no substitutes.

The level of profit is maximised in a monopoly when the marginal cost equal the marginal revenue. They choose an output and price certainly without exceeding the marginal revenue. The price is greater than average revenue of the production and get the profit maximise output.

In case monopoly quantity will be lower and the price will be higher than that of a competitive firm. Marginal revenue can only be zero when the production falls or not have been started yet.

To learn more about monopoly here,

brainly.com/question/5992626

#SPJ4

3 0
2 years ago
When you take out a mortgage your home becomes the collateral. true or false
Y_Kistochka [10]

Answer:

True

Explanation:

A mortgage loan is done to purchase or create real state or by existing property owners to raise funds for any purpose, in both cases, while putting a lien on the property being mortgaged.

The collateral will be the property, because is the item pledged to guarantee the repayment of a loan.

Foreclosure or repossession:

The act upon which the lender will take possession and sell the property to pay off the loan in the event the borrower fails to perform the payment in terms.

6 0
3 years ago
Sigmund Jewelers creates inexpensive costume necklaces, bracelets, and rings. As a way to save costs on sending out these small
777dan777 [17]

Answer:

shipment consolidation

Explanation:

The primary aim of the consolidation of shipments is to evaluate cost control and cost control. The aggregation of shipments allows individuals or businesses to save costs thereby integrating several products from different shippers into one shipment.

Therefore in the given case, since the company wants to combine 10 to 12 different orders into one shipment so that the company could save the cost

Hence, the shipment consolidation is correct

6 0
3 years ago
Other questions:
  • Your company's HR director is a believer in trait theories of leadership. He believes that he can differentiate leaders from non
    9·1 answer
  • Very few people in the United States today attempt to follow the example of Henry David Thoreau in On Walden Pond and "go into t
    5·2 answers
  • States conduct annual telephone surveys of residents as part of this evaluation to pinpoint behaviors that increase risk for chr
    7·1 answer
  • 2017 2018
    14·1 answer
  • The problem with buying foreign stocks is that most foreign companies are not listed on any of the U.S. stock exchanges, so the
    5·1 answer
  • Professor hoffson maintains a very strict attendance policy in her introduction to business course at wayne college. for each un
    6·1 answer
  • Which of the following transactions would cause a decrease in both assets and stockholders' equity? A) Paying advertising for th
    8·1 answer
  • Research conducted by Harvard Business School found that the traditional 4 Ps model:
    14·1 answer
  • If the Canadian dollar to U.S. dollar exchange rate is 1.21 and the British pound to U.S. dollar exchange rate is 0.68​, what mu
    13·1 answer
  • Determine the starting current (LRC)
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!