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3 years ago

What will be the end result for the taxpayer who filed his federal income tax

Business

2 answers:

Hunter-Best [27]3 years ago

7 0

Answer: he will owe $135

Explanation:

Roman55 [17]3 years ago

6 0

Answer:

I got " He Will Owe $180

Explanation:

A P E X

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Malik Corp.'s bank statement has an ending balance of $50,000. The deposits in transit were $6,000. NSF checks were $1,000. Chec

olya-2409 [2.1K]

Answer:

Corrected cash balance =

Ending balance = $50,000

Deposit in transit = + $6,000

NSF Checks = - $1,000

Outstanding checks <u>= - $3,000</u>

Corrected cash balance = $52,000

Explanation:

To make Adjustments to the cash balance, follow these steps;

Ending Balance from Bank statement
Add Deposits in Transit
Deduct NSF checks
Deduct Outstanding checks

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3 years ago

The movement of electricity is called: A. Amperage B. Current C. Voltage

ElenaW [278]

B. Current. Currents are the way electricity travels, voltage is how many volts of electricity is in the current and amperage is the strength of the current.

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3 years ago

How is having a security system for your home a risk

Iteru [2.4K]

<h2>The security system will alert authorities and deter criminals, protecting your valuables and property. </h2><h2>The security system will give you peace of mind</h2>

Explanation:

Option 1: We cannot say that every visitor will be a thief or criminal. So a "home security system" is to stay alert from danger

Option 2: Burglars and home security system is to alert authorities and to protect our valuables. But home security system in addition can detect flood, fire, etc.

Option 3: Yes that's true. We feel like there is someone to protect us and our valuables. So it provides peace of mind.

Option 4: Why should we keep the doors unlocked? It will tempt for crime to happen. So this choice is invalid.

5 0

3 years ago

Based upon the following data, which of the following mutually exclusive projects should you choose if your required return is 1

scoray [572]

Answer:

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

Investment A

Cash flow in year 0 = -$150

Cash flow in year 1 = $80

Cash flow in year 2 = $40

Cash flow in year 3 = $40

Cash flow in year 4 = $30

I = 10%

NPV = 6.33

Investment A

Cash flow in year 0 = -$150

Cash flow in year 1 = $40

Cash flow in year 2 = $50

Cash flow in year 3 = $60

Cash flow in year 4 = $55

I = 10%

NPV = 10.33

Project B has a higher NPV and it should be chosen

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

7 0

3 years ago

Cookies by casey has sales of $487,000 with costs of $263,000. interest expense is $26,000 and depreciation is $42,000. the tax

Ber [7]

The net income of Cookies by casey is $123,240

What is net income?

The net income of the company is the excess of its sales revenue over all costs of the running the business, which includes, the costs of sale, interest expense, depreciation as well as the taxes payable to the government authority which is 21% of profits before tax in this case.

Profit before tax=sales-costs of sale-depreciation-interest expense

sales=$487,000

costs of sale=$263,000

depreciation=$42,000

interest expense=$26,000

profit before tax=$487,000-$263,000-$42,000-$26,000

profit before tax=$156,000

tax rate=21%

net income=profit before tax*(1-tax rate)

net income=$156,000*(1-21%)

net income=$123,240

Find out more about net income on:https://brainly.ph/question/2444259

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8 0

1 year ago