Who develops the menu in a restaurant? The _______

Compared to the average high school graduate, about how much higher is the annual income of the average college graduate?

olasank [31]

Recently, Georgetown University discovered in a study that college graduates, over the course of their lifetime, have the potential to earn roughly $1 million more than those who didn't attend college. Pew Research Center also conducted a recent study that showed that they annual income gap between college graduates and high school graduates is $17,500.

5 0

3 years ago

The following information pertains to Wald Corp.'s operations for the current year: Worldwide taxable income $300,000 U.S. sourc

denis-greek [22]

Answer:

The amount of foreign tax credit may Wald claim for the current year is $36,600

Explanation:

For computing the claim for the foreign tax credit, we have to do the proportionate of U.S. income tax before foreign tax credit based on Foreign non-business-related interest, Other foreign sources taxable income to the Worldwide taxable income.

In mathematically,

Foreign tax credit based on non business-related which equals to

= (Foreign non business-related interest ÷ Worldwide taxable income) × U.S. income tax before foreign tax credit

= ($30,000 ÷ $300,000) × $96,000

= $9,600

Foreign tax credit based on Other foreign source taxable income which equals to

= (Other foreign source taxable income ÷ Worldwide taxable income) × U.S. income tax before foreign tax credit

= ($90,000 ÷ $300,000) × $96,000

= $28,800

The lower of $28,800 and $27,000 so, $27,000 as it includes the foreign income taxes paid

So, The total amount of foreign tax credit equals to

= $9,600 + $27,000

= $36,600

8 0

3 years ago

Parliament Company, which expects to start operations on January 1, year 2, will sell digital cameras in shopping malls. Parliam

ss7ja [257]

Answer:

Note: The complete question is attached as picture below

We are add the previous month +10% to get that month's amounts

Sales Budget

January February March

Cash sales $50,000 $55,000 $60,500

Credit sales $120,000 $132,000 $145,200

Total sales $170,000 $187,000 $205,700

Workings:

February

Cash sales = 50,000+(50,000*10%) = $55,000

Credit sales= 120,000+(120,000*10%) = $132,000

March

Cash sales = 55,000+(55,000*10%) = $60,500

Credit sales= 132,000+(132,000*10%) = $145,200

7 0

3 years ago

Allison will graduate from high school next June. She has ranked her three possible post-graduation plans in the following order

Dmitrij [34]

Answer:

tutoring opportunity cost: 20,000 consulting job

consulting job opportunity cost: 5,000 + travel from tutoring

collegue: 20,000 consulting job

Explanation:

opportunity cost: cost of the best rejected project, proposal or income

income from work as a consulting job: 20,000

income from tutoring: 5,000 ( externality of travel around the world)

collegue cost of 5,000

The tutorng has an externality of travel around the world. We can measure how much Allison values that chances but it is something she will consider when picking her plan.

6 0

4 years ago

This year Randy paid $28,900 of interest on his residence. (Randy borrowed $462,000 to buy his residence, and it is currently wo

Romashka [77]

Answer:

a. Interest Deductible = $31,100

b. Interest Deductible = $28,900

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

This year Randy paid $28,900 of interest on his residence. (Randy borrowed $462,000 to buy his residence, and it is currently worth $512,000.) Randy also paid $2,800 of interest on his car loan and $4,650 of margin interest to his stockbroker (investment interest expense). How much of this interest expense can Randy deduct as an itemized deduction under the following circumstances?

a. Randy received $2,200 of interest this year and no other investment income or expenses. His AGI is $75,000.

Interest Deductible $.......

b. Randy had no investment income this year, and his AGI is $75,000.

Interest Deducttible $.......

The explanation of the anwer is now given as follows:

a. Randy received $2,200 of interest this year and no other investment income or expenses. His AGI is $75,000.

Randy may choose to deduct the interest of $28,900 on his residence as an itemized deduction.

The $2,800 of interest on his car loan is a nondeductible personal interest.

The $2,200 interest income received can be regarded as an investment income.

The $4,500 margin interest to his stockbroke is likely investment interest. But since Randy has only $2,200 interest income, his deduction is limited to the $2,200.

Therefore, we have:

Interest Deductible = Interest on his residence + $2,200 = $28,900 + $2,200 = $31,100

b. Randy had no investment income this year, and his AGI is $75,000.

Since there is no investment income, Randy can only dedcut the interest of $28,900 on his residence based on the explanation in part a above.

Therefore, we have:

Interest Deductible = $28,900

4 0

3 years ago

Who develops the menu in a restaurant? The ________ develops the menu in a restaurant