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2 years ago

What is a tax bracket? in your own words.

Business

1 answer:

xenn [34]2 years ago

4 0

Answer:

Your tax bracket, roughly speaking, is the tax rate you pay on your highest dollar of taxable income. It is not the tax rate you pay on all of your income after adjustments, deductions, and exemptions.

Explanation:

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The March 2011 announcement that AT&T was acquiring T-Mobile USA from Deutsche Telekom is a _________ acquisition and is int

PilotLPTM [1.2K]

Answer:

The correct answers that fills the gaps are: horizontal; increase market power.

Explanation:

Horizontal acquisition refers when the company acquires another from the same sector. In this case, both companies belonged to the same sector (telecommunications). The purpose, generally, was to increase the market share in the sector, also eliminating an important company from the competition.

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3 years ago

When a firm cannot realize the cost savings from economies of scale all by itself, it may join in a strategic alliance with othe

stepladder [879]

True I think sorry if I get it wrong

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3 years ago

After completing medical school, Dr. Johnson had $200,000 in student loan debt. He fulfilled an obligation as part of his studen

Leya [2.2K]

Answer:

200,000

Explanation:

As he has repaid the loan amount of 200,000 he has earned 200,000 so he has to show 200,000 as income.

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2 years ago

Direct Method, Reciprocal Method, Overhead Rates Macalister Corporation is developing departmental overhead rates based on direc

jeka94

Answer:

Answer is given below.

If you face difficulty in understating the answer, see attached file.

Explanation:

Molding Assembly

Employee A 19 75

Hours B 2180 2180

Toal Labor Hours A*B 41420 163500

Engineering Gen Factory Molding Assembly Total

Budgeted Overheads $ 206,000 $ 395,000 $ 198,000 $ 73,000 $872,000

Engineering Hours 2100 2400 7600 $ 12,100

Square Feet 95850 447300 95850 $639,000

Weights for Direct Method

Engineering Hours 24.00% 76.00%

Square Feet 82.35% 17.65%

Weightes for reciperocal

Engineering Hours% 17.36% 19.83% 62.81%

Square Feet% 15.00% 70.00% 15.00%

1. Direct Method Allocation:

Engineering Gen Factory Molding Assembly Total

Budgeted Overheads $ 206,000 $ 395,000 $ 198,000 $ 73,000 $872,000

Engineering $ -206,000 $ 49,440 $ 156,560 $ -

Gen Factory $ -395,000 $ 325,294 $ 69,706 $ -

Total Overhead a $ 572,734 $ 299,266

Direct Labor Hours b 41420 163500

Overhead Per DLH a/b $ 13.83 $ 1.83

1. Reciperocal Method Allocation:

Engineering 206000+0.15Gen Factory

Gen Factory 395000+0.1736Engineering

Engineering 206000+0.15(395000+0.1736Engineering)

Engineering 206000+59250+0.02604Engineering

0.97396 Engineering 265250

Engineering $ 272,342

Gen Factory 395000+0.1736Engineering

Gen Factory 395000+(0.1736*272342)

Gen Factory $ 442,264 R/Off Gap

Engineering Gen Factory Molding Assembly Total

Budgeted Overheads $ 206,000 $ 395,000 $ 198,000 $ 73,000 $872,000

Engineering $ -272,342 $ 47,266 $ 54,018 $ 171,058 $ -

Gen Factory $ 66,340 $ -442,264 $ 309,585 $ 66,340 $ -

Total Overhead a $ 561,603 $ 310,397

Direct Labor Hours b 41420 163500

Overhead Per DLH a/b $ 13.56 $ 1.90

Part -3

The major advantage of reciprocal method is that it fully takes into account the interdepartmental services

and is therefore considered a more accurate method than direct and step method for departmental cost allocation.

Download xlsx

5 0

2 years ago

In the current year, Norris, an individual, has $59,000 of ordinary income, a net short-term Capital loss (NSTCL) of $9,100 and

kondaur [170]

Answer: an offset against ordinary income of $3,000 and a NSTCL carryforward of $2,400

Explanation:

Feom the question, we are told that in the current year, Norris, an individual, has $59,000 of ordinary income, a net short-term Capital loss (NSTCL) of $9,100 and a net long-term capital gain (NLTCG) of $3,700.

From his capital gains and losses, Norris reports an an offset against ordinary income of $3,000 and the a net short-term Capital loss (NSTCL) balance carryforward will be the difference between the net short-term Capital loss (NSTCL) of $9,100 and a net long-term capital gain (NLTCG) of $3,700 and the offset against ordinary income. This will be:

= ($9100 - $3700) - $3000

= $5400 - $3000

= $2400

4 0

2 years ago

What is a tax bracket? in your own words. ​

What is a tax bracket? in your own words.