If Tom were married and his spouse was not working for pay, his 2021 taxable income would be a maximum 15% rate (20% in the case of high income taxpayers. Read below about who an income tax payer.
<h3>Who is an income taxpayer?</h3>
A taxpayer is an individual or corporation who pay taxes annually on their earning as per the provisions of the Income Tax Act. Once you file income tax returns and disclose your earnings, it becomes legal.
Therefore, the correct answer is as given above
learn more about a taxpayer: brainly.com/question/14582132
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It excludes money paid as salaries or wages to employees.
Answer:
$394 U
Explanation:
Calculation for the activity variance for vehicle operating cost in February would be
First step is to calculate the Flexible budget
Flexible budget= $1,880 + ($394 × 14)
Flexible budget=$7,396
Second step is to calculate the Planning budget
Planning budget= $1,880 + ($394 × 13)
Planning budget=$7,002
Last step is to calculate the activity variance for vehicle operating cost in Februar
Activity variance=Flexible budget $7,396-Planning budget $7,002
Activity variance=$394 U
Therefore The activity variance for vehicle operating cost in February would be closest to $394 U.
Answer:
C. Each state or country can adopt large-scale production techniques that allow lower per-unit costs of production.
Explanation:
Typically explained, Economies of scale (EOS) are the advantages or benefits a firm achieves due to increase in production or operation which in turn leads to decrease in per unit costs.
Here in this question, it is evident that the only way economies of scale could be achieved is by increasing the large scale production techniques that leads to lower per-unit costs of production for the firms.
Hope this clear things up.
Thank you.
Answer:
Future value (FV) = $57,908
Present value (PV) = $8,860
Number of years (n) = 18 years
Interest rate = ?
FV = PV(1 + r)n
$57,908 = $8,860(1 + r)18
$57,908 = $8,860(1 + r)18
<u>$57,908</u> = (1 + r)18
$8,860
6.535891648 = (1 + r)18
18√6.535891648 = 1 + r
1.10993 - 1 = r
r = 0.10992 = 10.99%
Explanation:
In this case, we will apply the future value of a lump sum (single investment) formula. The present value, future value and number of years are given with the exception of interest rate. Thus, interest rate is made the subject of the formula.
