<u>Answer:</u>$0
<u>Explanation:</u>
Hansel and Gretel receive $600 as house rent allowance and they pay the same $600 towards the rent for their stay in the manager's apartment. If they live in a different building they would only pay $500 then they could save $100 which is the opportunity cost lost by them.
They do not have a gross income as the income and allowance are equal there is no gross income. They cannot even move on to other building as per the job agreement they have to stay at the manager's house which makes it impossible for them to earn gross income when in this job agreement.
Automobile dealerships usually follow “product distribution franchises”
Product distribution franchises meaning: Distribution Franchise, these product-driven franchises are where the franchisee distributes the parent company products and some related services. The parent company provides the use of its branded trademark, but not typically an entire system for running a business.
Increases outputs by smaller and smaller amounts.
Diminishing returns means that at a certain point with all other factors equal, increasing the inputs will yield more and more decreased outputs.
Answer:
$30,560
Explanation:
The computation of the income tax expense for the year 2016 is shown below:
= Taxable income × enacted tax rate
= $152,800 × 20%
= $30,560
Simply we multiply the taxable income with the enacted tax rate so that the correct amount of income tax expense can come
All other information which is given is not relevant. Hence, ignored it
Answer:
$778.82
Explanation:
Given:
Amount to be accumulated in retirement fund which is future value (FV) = $500,000
Interest rate (Rate) = 5.5% annually or 5.5 / 12 = 0.4583%
Time period (nper) = 25 years or 25×12 = 300 periods
Monthly deposit need to be computed (PMT). which can be calculated using spreadsheet function =pmt(rate,nper,PV,FV)
=pmt(0.004583,300,0,500000)
Monthly payment is computed as $778.82
Note: PMT is negative as it is a cash outflow.
