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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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balandron [24]

Answer:

Structural unemployment

Explanation:

James is going throughout a non voluntary unemployment because there is a "gap" between his skills and the market demanded skills. To minimize this gap, James should improve his skills sets, or take a job with less requirements

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3 years ago
The demand for subassembly S is 100 units in week 7. Each unit of S requires 1 unit of T and 2 units of U. Each unit of T requir
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Explanation  

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2 years ago
Francisco leased equipment from Julio on December 31, 2021. The lease is a 10-year lease with annual payments of $159,000 due on
vodomira [7]

Answer: $789855

Explanation:

Initial liability = $1,006,192

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4 0
2 years ago
Jim works as a professional wrestler under the character name, "Headhunter Jim the Death Dealer". Jim can register his character
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The correct option is A. a certification mark.

<h3>What is a certification mark?</h3>

A "certification mark" refer to any word, name, symbol, device or their combination that is used by a person other than its owner.

It is a special mark that is created for a purpose uniquely different from that of an ordinary service mark or trademark.

Here, Jim can register his character's name as a certification mark to get the unique identity.

Learn more about the certification mark here-

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<h2>Knowledge worker make difference by thinking in a variety of way.</h2>

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The HR should play a major role in motivating knowledge workers by,

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4 0
3 years ago
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