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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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Carl Carpenter buys a drill press. The price, including tax, is $725.00. He finances the drill press over 24 months after making
netineya [11]
First calculate the amount financed
Amount financed=725−50=675

The formula is
I=(2yc)/(m (n+1))
Solve for c to get
C=(I×m×(n+1))/2y
C=(0.14×675×(24+1))÷(2×12)=98.44

Total of payments=675+98.44=773.44

Monthly payment is
773.44÷24=32.23

Hope it helps!

7 0
3 years ago
Read 2 more answers
Abraham drinks Mountain Dew. He can buy as many cans of Mountain Dew as he wishes at a price of $0.55 per can. On a particular d
Brrunno [24]

Answer:

It will purchase 3 cans

total consumer surplus    0.70

Explanation:

the market price is 0.55

It will purchase up to three cans. the fourth can he is willing to purchase at 0.40 but the price is 0.55 so it won't trade for that one.

<u>consumer surplus:</u>

difference between the amounts he was willing to pay for each unit and the market price:

first can        0.95 - 0.55 = 0.40

second can 0.80 - 0.55 = 0.25

third can      0.60 - 0.55 = 0.05

total consumer surplus    0.70

5 0
3 years ago
If a corporate bond is issued with a coupon rate that varies directly with the required return, the price of the bond will
dedylja [7]

The answer to this question is that the price of the bond will be equal to the face value.

<span>Bonds are type of investments in which the investor can receive money on the investment with a fixed interest. Bonds are also known as fixed income securities. This type of investment is less risky because the insurer will return the face value of the investment and interest from the investment is in a fixed rate.</span><span> </span>

4 0
3 years ago
2. The purpose of loaded words in advertisements is to
Nonamiya [84]

The purpose of loaded words in advertisements is to influence the reader. Loaded words is a term used for words that can persuade a consumer to buy or use a product or service based on the way something was advertised. Usually, loaded words appeal to a consumers emotions and create a want or need for the product or service. These types of advertisements are used to appeal to a consumer emotionally rather than factually.

6 0
3 years ago
Read 2 more answers
Answer the following question based on the accompanying cost ratios for two products, fish (F) and chicken (C), in the countries
Dafna11 [192]

Answer:

The correct answer is the option C: Harmony will produce chicken and Singsong will produce fish.

Explanation:

To begin with, the term known as <em>"Comparative Advantage"</em> refers to the situation in where a country or an economic agent will produce more of a good and consume more of it when the fact of producing it will show that the agent has a relatively low cost of opportunity and also because that agent can produce that good at a very low cost in comparison with the other agent.

Once said that, it is understood that Harmony will produce chicken because the country can produce three of it when in comparison with Singsong who can produce only two. And both can produce one of fish so that means that Harmony will produce the good at which it is better and the other the one in that is left.

3 0
3 years ago
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