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nika2105 [10]
3 years ago
7

Helen Ming receives a travel allowance of $120 each week from her company for time away from home. If this allowance is taxable

and she has a 28 percent income tax rate, what amount will she have to pay in taxes for this employee benefit
Business
1 answer:
Mazyrski [523]3 years ago
8 0

Answer:

$1,747.2

Explanation:

Calculation to determine what amount will she have to pay in taxes for this employee benefit

First step is to determine the Annual travel allowance

Using this formula

Annual travel allowance=Weekly allowance × 52 weeks

Let plug in the formula

Annual travel allowance=$120 × 52 weeks

Annual travel allowance=$6,240

Now let determine the Annual tax

Using this formula

Annual tax=Annual travel allowance × Tax rate

Let plug in the formula

Annual tax=$6,240 × 0.28

Annual tax=$1,747.2

Therefore the amount that she will have to pay in taxes for this employee benefit is $1,747.2

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Identify the type of advertising based on the given scenario.
frutty [35]

Answer:

Direct marketing

Explanation:

In simple words, Direct marketing can be defined as a means to convey an bid, through which companies communicate individually with a pre - specified client and provide a specific answer process. This method is also  regarded, by professionals, as direct reaction advertising. 

Thus, from the above we can conclude that the the company should employee direct marketing tools.

5 0
3 years ago
Cho's Performance Pizza is a small restaurant in Miami that sells gluten-free pizzas. Cho's very tiny kitchen has barely enough
Brut [27]

Answer: Variable ... Fixed

Explanation:

In the short run, Variable Inputs or costs are known as those which can be changed and their quantities can be varied. In this scenario, the employees that Cho's uses can be varied and so are the Variable Inputs.

Similarly, those costs that cann ot be changed or varied in the short run are rightly known as Fixed Inputs. Cho's Kitchen cannot take more than 3 ovens and also she has already signed a lease for them. These costs cannot be changed and so make the oven a Fixed Input.

It is worthy of note that in the long term, all Costs are considered Variable.

7 0
3 years ago
Find the amount of interest earned by a deposit of $2450 for 6.5 years at 5.25% compounded
Serggg [28]

Answer:

$3443.86

Explanation:

a=p(1+r/n)^nt

a=2450(1+.0525/12)^12*6.5

3443.86

4 0
3 years ago
a sole proprietor with a tentative loss may deduct which of the following for qualified business use of home expenses?
Elza [17]

Complete Question:

A sole proprietor with a tentative loss may deduct which of the following for qualified business use of home expenses?

a. depreciation

b. mortgage interest

c. rent

d. Utilities

Answer:

b. mortgage interest

Explanation:

The sole proprietor with a tentative loss may deduct expenses for mortgage interest, mortgage insurance premiums, and real estate taxes under the normal rules.   The sole proprietor is not allowed to deduct other expenses that are normally tax-exempt expenses, including depreciation, rent, and utilities.  The amount to be deducted for mortgage interest should not exceed the percentage for business use.

3 0
3 years ago
i have my first job interview in 4 days at a frozen yogurt shop. anyone with a job please tell me what to wear / how to answer c
drek231 [11]

Answer:

Be yourself

Explanation:

Don't panic about this! I'd go with casual formal, maybe some jeans and a nice shirt?
Make eye contact a lot and always answer honestly. Goodluck! I hope you get the job <3

6 0
1 year ago
Read 2 more answers
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