Article IV of the Constitution obligates states to give this to one another's citizens.

g Mr. and Mrs. David file a joint tax return. They have $169,300 taxable income in 2020, $120,300 of which is ordinary income an

Paul [167]

Answer:

$5,860

Explanation:

Computation for their tax savings from the preferential rate

First step is to calculate their tax liability

Using this formula

Tax liability =[Tax amount on $169,300 ordinary income-(Tax Amount on $120,300 ordinary income +Tax amount on $49,000 preferential income)]

Let plug in the formula

Tax Savings=[$35,648-($22,438+$7,350)]

Tax Savings=$35,648-$29,788

Tax Savings=$5,860

Therefore their tax savings from the preferential rate is $5,860

8 0

3 years ago

Households receive a total income of $5 million. Of this, $3.5 million are wages received for laborservices, $1 million are rent

kumpel [21]

Answer:

profit = 250,000

Explanation:

Factor Income is derived from the sum of the Factor of Production

Labor, Land, Capital and Enterprise

Income = wages + rent + interest + profit

To get profit, which is the retribution for the entrepreneur we post our know values and solve for p.

5,000,000 = 3,500,000 wages + 1,000,000 rent + 250,000 interest + p

5,000,000 - 3,500,000 - 1,000,000 - 250,000 = p

p = 250,000

3 0

4 years ago

Use the following information about the current year's operations of a company to calculate cash provided by operations. Net inc

viktelen [127]

Answer:

Net cash flow from operating activity $230,000

Explanation:

The computation of the cash flow from operating activities is shown below;

Cash flow from operating activities

Net Income $200,000

Adjustments made

Add: Depreciation expense $10,000

Add: Loss on sale of equipment $6,000

Add: Increase in Account payable $5000

Less: Increase in Account receivable ($7,000)

Add: Decrease in Merchandise Inventory $10,000

Add: Increase in salaries payable $6,000

Net cash flow from operating activity $230,000

4 0

3 years ago

The factors of production attempt to instill the idea that resources are

Flauer [41]

Answer: inputs

Explanation: they are required for processing and necessary for the output product

5 0

4 years ago

Read 2 more answers

"kirk started saving for retirement at age 50 with plans to retire at age 70. he invested an average of $300 per month in variou

rusak2 [61]

Saving period = 70 - 50 = 20 years
Number savings, n = 20*12 = 240 months
Monthly savings, P = $300
Annual interest rate = 4% = 0.04
Monthly interest rate, r = 0.04/12

If FV is the amount saved at the time of retirement,

FV = P{(1+r)^n-1)/r} = 300{(1+0.04/12)^240-1)/0.04/12} = $110,032.39

8 0

3 years ago

Read 2 more answers