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grigory [225]
3 years ago
15

The chart shows taxable income. which explains a difference between income and taxable income? income is what a person earns, wh

ile taxable income reflects deductions subtracted for relevant expenses. income is what a person earns, while taxable income reflects what is left after paying federal taxes. income is what a person earns, while taxable income reflects what is left after paying local and state taxes. income is what a person earns, while taxable income reflects what is received from the irs in a tax refund.
Business
2 answers:
OLga [1]3 years ago
8 0
A. Income is what a person earns, while taxable income reflects deductions subtracted for relevant expenses
marishachu [46]3 years ago
8 0

I believe the answer is: A. Income is what a person earns, while taxable income reflects deductions subtracted for relevant expenses

The relevant expenses that could be subtracted could come from the amount of expenditures that you made to do your job, the amount of pension or medical fund you allocate, and the amount of money you've given to the charities. It is important to calculate these properly so you do not fall into the wrong tax brackets.

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Which of the following tasks in the AFIstrategy framework involves putting the formulated strategy into practice through organiz
ahrayia [7]

Answer:

The answer is B.strategy implementation

Explanation:

Implementation involves putting the formulated strategy ; organizational design, structure, culture, control

3 0
3 years ago
Melody and Todd are married and have employee wages of $250,000 each in 2019. They have no other income. How much additional 0.9
sasho [114]

Answer:

$1,350

Explanation:

The computation of the amount pay or received as a refund at the time of filing the income tax return for the year 2019 is shown below:

As we know that

The Medicare tax rate is 1.45% till $200,000

And, if it is above $200,000 than 2.35% is charged (1.45% + 0.9%)

Now

For individually calculated,

Melody = ($200,000 × 1.45%) + ($50,000 × 2.35%) = $4,075

Todd = ($200,000 × 1.45%) + ($50,000 × 2.35%) = $4,075

So, the total is

= $4,075 + $4,075

= $8,150

Now if they filling their joint return so

Total salary is $500,000   ($250,000 × 2)

Medicare upto $250,000 = $3,625 ($250,000 × 1.45%)

for remaining $250,000 = $5,875 ($250,000 × 2.35%)

So, the Total is

= $3,625 + $5,875

= $9,500

Now the refund is

= Joint return - individually return for each one

= $9,500 - $8,150

= $1,350

4 0
3 years ago
A company has a processing department with 10 stations. Because of the nature and use of three of these stations, each is consid
julsineya [31]

Answer:

CC100  has $31.25 per hour

CC11O has $250 per hour

CC120 has $62.5 per hour

CC190 has $62.5 per hour

Explanation:

The IDC rate for each department would be the department IDC allocated divided by operating hours as shown below:

CC100

IDC rate=$25,000/800=$31.25 per hour

CC110

IDC rate=$50,000/200=$250 per hour

CC120

IDC rate=$75,000/1200=$62.5 per hour

CC190

IDC rate=$100,000/1600=$62.5 per hour

Judging from the IDC rates of the departments,department CCC110 seems to have the highest IDC rate per hour,which implies that each hour is charged with $250 against the CC100 where each operating hours is just $31.25.

The higher the IDC rate in a department the higher the cost of the output of that department since the cost has to be recovered from output.

7 0
3 years ago
An industry analysis for manufacturers of a small personal care gadget observed the following characteristics: 1. Industry sales
mina [271]

Characteristics 4 and 5 would be typical of an industry that is in the start-up stage.

Explanation:

  • Following characteristics would be typical of an industry that is in the start-up age :
  • 4. The current penetration rate in the United States is 60% of households and will be difficult to increase.
  • The households between $1 million and $2 million in net worth is given below :
  • $1,000,000 in wealth is near the 88% in America.
  • Around 15,117,804 are households that matched this bracket or more.
  • 5 Manufacturers compete fiercely on the basis of price, and price wars within the industry are common.
  • There are certain strategies which includes
  • price matching,
  • evaluating the competitors,
  • product re-branding,
  • creative advertising and marketing
3 0
3 years ago
In this blank graph of the business cycle, what does the red circled area on the grap
serg [7]

Answer:It is contraction

Explanation:It is at the smallest point

6 0
3 years ago
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