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Cerrena [4.2K]
3 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]3 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

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Sarasota Company sells on credits goods that cost $310,000 to Ricard Company for $409,500 on January 2, 2020. The sales price in
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Answer and Explanation:

The journal entries are shown below:

Account Receivable $409,500

           To Sales Revenue $367,000

           To Unearned Service Revenue $42,500

(Being account receivable is recorded)

Cost of Goods Sold $310,000

           To Merchandised Inventory $310,000

(Being cost of goods sold is recorded)  

These two journal entries are to be recorded

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3 years ago
Some economists observe that higher profit rates in large oligopolies stem from the greater efficiency arising from _____ in the
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Some economists study that higher income rates in massive oligopolies stem from the greater performance bobbing up from economies of scale in these large companies.

Oligopoly traits include high barriers to new entry, fee-setting ability, the interdependence of companies, maximized revenues, product differentiation, and non-charge opposition.

Oligopolies motivate good sized Inefficiencies – to the Detriment of purchasers. part of the cause a few economists are hesitant to simply accept the market electricity explanation is the scarcity of facts that lets in them gauge the intensity of competition among corporations.

A competitive situation in which there are only some dealers (of products that may be differentiated but no longer to any great volume); each vendor has a high percentage of the market and can not afford to ignore the actions of the others.

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4 0
1 year ago
The following information is for S Corp first year of operations. Amounts are in millions of dollars. The enacted tax rate is 25
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Depreciation Expense  $ 4

<h3>What is Depreciation?</h3>

Depreciation in accounting refers to two aspects of the same concept: First, the actual decrease in the fair value of an asset, such as the annual decrease in the value of factory equipment.

The claim for depreciation on assets used by the assessee for the purpose of business or profession during the previous year. If an asset has been in use for more than 180 days, depreciation of 50% is allowable in that year.

Depreciation in Action - If a company purchases a delivery truck for Rs. 100,000 and expects to use it for 5 years, the company may depreciate the asset at a rate of Rs. 20,000 per year for a period of 5 years.

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6 0
2 years ago
Sometimes there is a backlash from employees regarding mandatory diversity training. One possible solution that has some researc
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Answer:

Option C

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In simple words, the basic solution to create and maintain healthy diverse environment throughout the organisation is to create a culture that encourage employees to accept each others differences.

Creating such culture will help the trainer to implement the training procedures. Such activities and decisions will lead to less conflicts and more positive results.

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3 years ago
Raul is a financial analyst who oversees the daily financial expenditures for a major big box retailer. on a typical day, raul d
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