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Butoxors [25]
3 years ago
6

Kent Fuller is in the 34 percent tax bracket. A nontaxable employee benefit with a value of $2,300 would have a tax-equivalent v

alue of:____.
a. $345.
b. $1,523.
c. $1,948.
d. $1,155.
e. 1,500.
Business
1 answer:
Phantasy [73]3 years ago
6 0

Answer:

$3,484.85

Explanation:

Calculation to determine tax-equivalent value

Using this formula

Tax-equivalent value=Nont-taxable amount/(1-Tax rate)

Let plug in the formula

Tax-equivalent value=$2,300/(1-.34)

Tax-equivalent value=$2,300/.66

Tax-equivalent value=$3,484.85

Therefore A nontaxable employee benefit with a value of $2,300 would have a tax-equivalent value of:$3,484.85

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Which of the following services is most likely to be equipment-based?a) the services provided in a driving schoolb) the services
Verizon [17]

Answer:

d )the services provided by ticketing kiosks in multiplexes

Explanation:

Services in which machinery or equipment plays a significant role in delivering; for example, automatic telling machines play a significant role in the delivery of banking services.

7 0
3 years ago
You're prepared to make monthly payments of $400, beginning at the end of this month, into an account that pays 5 percent intere
Gre4nikov [31]

Answer:

58

Explanation:

In this question we use the NPER function that is shown in the excel spreadsheet

Given that,  

Present value = $0

Future value or Face value = $26,182

PMT = $400

Rate = 5% ÷ 12 months = 0.41666%

The formula is shown below:  

= NPER(RATE,PMT,-PV,FV,type)  

The PMT come in negative  

So, after solving this,  the number of payments is 58

     

6 0
2 years ago
The standard cost of product 777 includes 2.0 units of direct materials at $6.00 per unit. During August, the company bought 29,
AfilCa [17]

Answer and Explanation:

The computation is shown below:

Total material variance = Actual quantity × Actual rate - Standard quantity × Standard rate

= 29000 × $6.3 - (16,000 units × 2) × $6

= $182,700 - $192,000

= - $9,300 favorable  

Material price variance = Actual quantity × Actual price - Actual quantity × Standard price

= (29,000 units × $6.3) - (29,000 units × $6)

= $182,700 - $174,000

= $8,700 unfavorable  

Material quantity variance =  Standard quantity × Actual quantity - Standard rate × Standard quantity  

= $6 × 29,000 units - $6 × (16,000 units × 2)

= $174,000 - $192,000

= -$18,000 favorable

The favorable is when the standard cost is more than the actual one while the unfavorable is when the standard cost is less than the actual one

8 0
3 years ago
Robert receives a salary of $60,000 per year, or $2,500 semi-monthly. How
IrinaK [193]

The amount that Robert will pay in unemployment taxes for the entire year will be B. $0.

<h3>Determination of Unemployment Taxes Payable</h3>

Employers are subject to an unemployment tax which is known as Federal Unemployment Tax Act (FUTA) depending on the wages and salaries they pay their workers.

Employers must pay FUTA if their employees earn $1500 or more per calendar quarter.

Employers are not obligated to withhold FUTA from employees if we compare it to other payroll-based taxes.

As a result, no unemployment taxes should be deducted from Robert's pay.

Learn more about unemployment tax here: brainly.com/question/15049474.

7 0
1 year ago
Arthur is an unskilled worker who is currently unemployed. He has been offered a job that pays $40 a day, but he is currently re
Step2247 [10]

Answer:

Structurally.

Explanation:

Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;

1. Cyclical unemployment rate (CU).

2. Frictional unemployment rate (FU).

3. Structural unemployment rate (SU).

Structural unemployment can be defined as an involuntary unemployment that arises as a result of the incompatibility between a worker's skills set and requisite skills an employer seeks from the workers or due to technological changes.

In this scenario, Arthur chooses not to accept a minimum wage job offer but rather chose to continue looking for a better job.

Hence, Arthur is structurally unemployed.

8 0
2 years ago
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