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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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The ABC Company is having a meeting about a possible merger with the XYZ Company. The ABC Company sent one executive to handle t
iVinArrow [24]

Answer:

Individualistic

Explanation:

Individualistic mindset focuses on the individual and gives them more emphasis than the group.

The opposite of individualism is collectivism or group mentality which emphasise the group over the individual.

To discuss the merger between the two companies, ABC company only sent one person while XYZ company sent 5 people from different departments.

ABC is most likely have a individualistic mindset and they feel one person can handle the negotiation.

On the other hand XYZ sent representatives from each department. This shows the organisation has to agree to the deal so all departments are involved.

8 0
3 years ago
If a project costs ​$100 comma 000100,000 and is expected to return ​$27 comma 00027,000 ​annually, how long does it take to rec
stealth61 [152]

The formula for discounted payback period is DPP = -ln (1 – Id/C) / ln (1+d), wherein I is the initial investment, d is the discount rate, and C is the cash flow. Substituting values, DPP = - ln(1-((0.12)($100)/$27)) / ln(1+0.12). Therefore, DDP is equal to 5.19 years.

5 0
3 years ago
Cheyenne has a home insured for $160,000. It would cost $180,000 to rebuild her home. If she has home insurance that provides pe
mestny [16]

Answer:

The correct answer is $112,000.

Explanation:

According to the scenario, the given data are as follows:

Home insured = $160,000

Cost to rebuild = $180,000

Personal property coverage = 70%

So, we can calculate the amount of coverage by using following formula:

Amount of coverage = Home insured × Personal property coverage

By putting the value, we get

Amount of coverage = $160,000 × 70%

= $112,000

4 0
3 years ago
Calvin purchased a 40% partnership interest for $43,000 in February 2017. His share of partnership income in 2017 was $22,000, i
Bess [88]

Answer:

Calvin would have a long-term capital gain of $1000.

Explanation:

Calvin's contributions towards partnership is as below

Beg                                           $43,000

2010 income                            $22,000

2011 income                             $25,000

2010 income                            $12,000

Total  contribution                   $102,000

Total amount Calvin realized by selling his partnership interest = $103,000.

Therefore, Calvin would have a long-term capital gain of $1000 (amount Calvin realized - Calvin's contributions  = $103,000 - $102,000).

4 0
3 years ago
A cheque of Rs 4500 received from yogesh and deposited into bank. Required: Journal Entry​
olga nikolaevna [1]

Answer:

See below

Explanation:

This transaction will affect the bank balance by increasing it with the check amount. The bank is cash (asset ) held in the bank. An increase in assets account is a debit. The bank A/c will be debited.

The check is received from Yogesh. Yogesh must have bought goods on credit and hence is an account receivable (asset). Since Yogesh has paid, his account decrease by the check amount. A decrease in assets is credited.

The journal entry will be

Bank A/c DR. Rs 4500

Yogesh A/c                 Cr. Rs 4500

3 0
2 years ago
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