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
Cerrena [4.2K]
2 years ago
7

The household income for the Washington family is $100,000, and they pay an income tax rate of 25%. What is the Washington's

Business
1 answer:
prohojiy [21]2 years ago
7 0

Answer:

D) $75,000

Explanation:

Disposable income is the income available for a household to spend.It is the take home or net income for businesses and households.

calculation f disposable income = Income -deductions

In this case deductions will be income tax.

deductions

In this case, deductions = 25% of income

=25/100 x $100,000

=0.25 x $10,000

= $ 25,000

disposable income =$100,000 - $25,000

=$75,000

You might be interested in
In 2021, its first year of operations, Kimble Corp. has a $900,000 net operating loss when the tax rate is 20%. In 2022, Kimble
Helen [10]

Answer and Explanation:

Kimble Corp entries in 2021 to record the tax effects of the loss carryforward

a)Dr Deferred Tax Asset ($900,000 × 20%) 180,000

Cr Benefit Due to Loss Carryforward $180,000

Dr Benefit Due to Loss Carryforward $180,000

Cr Allowance to Reduce Deferred Tax Asset to Expected Realizable Value $180,000

(b)

Dr Income Tax Expense ($250,000 × 20%) $50,000

Cr Deferred Tax Asset $50,000

Dr Allowance to Reduce Deferred Tax Asset to Expected Realizable value $50,000

Cr Benefit Due to Loss Carryforward $50,000

5 0
3 years ago
Under the equity method of accounting for investments, an investor recognizes its share of the earnings in the period in which t
Sphinxa [80]

Answer: Earnings are reported by the investee in its financial statements

Explanation:

Equity method is when investments are being treated in associate companies and it is usually applied in cases whereby an investor entity holds about twenty to fifty percent of the associate company's voting stock. Due to this reason, it has a strong say in the associate company's management.

Under the equity method of accounting for investments, an investor recognizes its share of the earning in the period in which the earnings are reported by the investee in its financial statements.

8 0
3 years ago
The myplate food guidance system recommends eating __ of the needed grain ounce equivalents, as whole grains.
Mila [183]
The MyPlate Food Guidance System recommends eating 1/2 of the needed grain ounce equivalents, as whole grains.
8 0
2 years ago
Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one depa
Step2247 [10]

Answer:

The equivalent units of production for October are :

Raw Materials = 423,750

Conversion Costs = 418,500

Explanation:

<u>Calculation of Equivalent Units of Production</u>

1. Raw Materials

Ending Work In Process Inventory (25,000 × 71%)          17,750

Completed and Transferred (406,000 × 100%)           406,000

Equivalent Units of Production for Materials                 423,750

2. Conversion Costs

Ending Work In Process Inventory (25,000 × 50%)        12,500

Completed and Transferred (406,000 × 100%)           406,000

Equivalent Units of Production for Materials                 418,500

3 0
3 years ago
What happens to the equilibrium price when supply goes down? A. The price goes up. B. The price goes down. C. The price stays th
Nady [450]
When supply goes down, the equilibrium price goes up. This is because if there is a smaller supply the good becomes more valuable to people who want the good.
4 0
3 years ago
Other questions:
  • To make bond purchases, the Fed gets the money __________. Select the correct answer below: exclusively from proceeds it has rec
    9·1 answer
  • The P Ltd acquires all issued capital of the S Ltd for a consideration of $1,000,000 cash and 800,000 shares each
    15·1 answer
  • The following information is taken from the financial records of Gunner Manufacturing: Cost of materials used $45,000 Direct lab
    6·1 answer
  • What are three typical reasons why companies develop their own information systems?
    12·1 answer
  • Marginal tax rate is of greater significance in measuring the tax effect for​ Carmen's decision. The marginal tax rate is the pe
    13·1 answer
  • Defined as a loss in value from any cause, depreciation is generally divided into three categories. The loss of value due to the
    15·1 answer
  • Garcia Company issues 10%, 15-year bonds with a par value of $240,000 and semiannual interest payments. On the issue date, the a
    15·1 answer
  • The Perry Company reported Accounts Receivable, Net of $66,000 at the beginning of the year and $72,900 at the end of the year.
    10·1 answer
  • From an entrepreneurial perspective, ______ is a description of the future you envision for your business.
    12·1 answer
  • 4. The national average utility cost is $270. 48 per month. If the average electric bill is 44. 9% of the total amount and the a
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!