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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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What happens if there is zero inflation and no standard cost of living?

8_murik_8 [283]

This means that money is never circulated

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2 years ago

In the small town of geneva, there are 5 firms that make watches. the firms’ respective output levels are 30 watches per year, 2

VMariaS [17]

The four-firm concentration ratio is a term used to refer to the market share of the four largest firms. In this given example, the total number of output every year is 100 watches per year. Then, 90 of which are coming from the four largest firm. Thus, the four-firm concentration ratio is equal to 90%.

3 0

3 years ago

When the market rate is 12%, a company issues $50,000 of 9%, 10-year bonds and pay interest semiannually. When the bonds mature,

olya-2409 [2.1K]

When the market rate is 12%, a company issues $50,000 of 9%, 10-year bonds and pay interest semiannually. When the bonds mature, the issuer records the journal entry of its payment of principal with a debit to cash in the amount of $50,000.

<h3>What is a journal entry?</h3>

A systematic way of making and maintaining the record of the financial transactions in the journal books of an organization, with a proper narration of the same, is known as a journal entry.

Hence, option C holds true regarding the journal entry.

Learn more about a journal entry here:

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8 0

1 year ago

Advice from most financial advisers states to spend no more than 28% of one's gross monthly income for one's mortgage payment, a

meriva

Answer and Explanation:

The computation is shown below:

a. For the maximum amount that spend each month on mortgage payment is

= Gross annual income ÷ total number of months in a year × mortgage payment percentage

= $39,600 ÷ 12 months × 28%

= $924

b. . For the maximum amount that spend each month on total credit obligatons

= Gross annual income ÷ total number of months in a year × mortgage payment percentage

= $39,600 ÷ 12 months × 36%

= $1,188

c. Now the maximum amount spend for all other debt is

For monthly mortgage

= $924 × 70%

= $646.8

And, for mortgage debt

= $1,188 × 70%

= $831.60

7 0

3 years ago

Kingbird, Inc. assembled the following information in completing its March bank reconciliation: Balance per bank $21800 Outstand

igomit [66]

Answer:

Kingbird will have an Updated Cash Balance of $21,800

Explanation:

<em>First Step is to Update the Bank Balance in the Cash Book</em>

Debit :

Cash Balance before adjustment $25,080

Dishonored Cheques $460

Totals $25,540

Credit:

Bank service charge $145

Balance as per updated Cash Book $25,395

Totals $25,540

<em>Then Prepare a Bank Reconciliation Statement</em>

<u>Bank Reconciliation Statement</u>

Balance at Bank as per Cash Book $25,395

Add Unpresented Cheques $7,150

Less Lodgements not yet credit ($4,425)

Balance as per Bank Statement $21,800

<u>Conclusion.</u>

Kingbird will have an Updated Cash Balance of $21,800

8 0

2 years ago

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

What is a tax bracket? in your own words.