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Svetlanka [38]
3 years ago
11

All you need to know to do your taxes is your gross income. True or False

Business
1 answer:
Virty [35]3 years ago
6 0

Answer: Taxable income starts with gross income, then certain allowable deductions are subtracted to arrive at the amount of income you're actually taxed on. Tax brackets and marginal tax rates are based on taxable income, not gross income.

sooo no

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Assume that subway tokens are $1.50 today and the price will go up to $2.00 tomorrow. how many tokens would you buy?
Ivan

The number of tokens to be purchased will depend on the purchasing power of my present capital.

<h3>What is a subway tokens?</h3>

It means those metal or plastic disk that can be redeemed, used in designated slot machines which are mostly used to pay for entry to the subway system.

Despite that the effect of inflation could push the subway tokens which are $1.50 today to go up to $2.00, the number of tokens to be purchased will depend on the purchasing power of my present capital.

Read more about purchasing power

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7 0
2 years ago
Barrington Bears has developed the following sales forecasts for the next few months. January 500, February 600, March 720, Apri
Oduvanchick [21]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Barrington Bears has developed the following sales forecasts for January 500 units.

BB has 80 bears on hand on Dec. 31. The normal ending inventory policy is to hold 20% of next month’s sales.

Direct labor is paid $18 per hour. Each bear takes 40 minutes to hand-finish. Variable overheads total $21 per direct labor hour. Fixed overheads amount to $25,000 per month.

First, we need to calculate the production for January.

Sales= 500 units

Ending inventory= (600*0.2)= 120 units

Beginning inventory= 80 (-)

Total= 540 units

Conversion costs= direct labor + manufacturing overhead

Direct labor= [(40/60)*540]*$18= $6,480

Variable overhead= 21*360 hours= $7,560

Fixed overhead= $25,000

Total conversion costs= $39,040

5 0
3 years ago
Homestead Co. reported the following in its statement of stockholders' equity on January 1, Year 4: Common stock, $10 par value,
Anna71 [15]

This question is to complex. In Order for this to be answerable you would need to put it into chunks

5 0
3 years ago
in a business auto policy�s physical damage coverage, which 2 coverages will not be written together for the same vehicle:
choli [55]

in a business auto policy Comprehensive and Specified Cause of Loss physical damage coverage, which 2 coverages will not be written together for the same vehicle.

An organization's usage of cars, trucks, vans, and other vehicles while conducting business is covered by a business automotive insurance (BAP). Vehicles hired by the firm, owned by the employee, or leased by the company and used for business reasons may all be covered.

A legal document used in commercial auto insurance contracts is a business auto coverage form. It details the automobiles and dangers protected under the contract. Broadening endorsements are available for purchase by policyholders who need higher levels of coverage in order to further cut their risk.

Learn more about business auto policy here

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3 0
2 years ago
Dear Mr. Helmsley:
lana [24]

Answer: b.Give more specific information, including dates and names.

Explanation:

The things that are needed to be changed in order to make the message appropriate for both the supervisor and the legal team is to give more specific information, including dates and names.

One doesn't need to show more outrage or use a friendly tone. This is a professional settings and a serious issue hence, a friendly tone should not be used. Rather, the person should give more information such as the name of the worker, the date that it occured and possibly the time as this will be of immense benefit to the legal team which will be used in following up on the issue.

5 0
3 years ago
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