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agasfer [191]
3 years ago
6

A corporation in 2017 expects a gross income of 500000, total operating expences of 400000, and teh capitol investments of 20000

. in addition the corporation is able to declare 60000 of depreciation charges for the year. what is the expected taxable income and total federal income taxes owed for teh year 2017?
Business
1 answer:
Naily [24]3 years ago
8 0

Answer:

Taxable income = Gross income - Total operating expenses - Depreciation

= 500,000 - 400,000 - 60,000

= $40,000

Federal corporate income tax rate in 2017 was 35% so income taxes are;

= 40,000 * 35%

= $14,000

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Answer:

Conceptual Skills

Explanation:

According to my research on studies conducted by various psychologists, I can say that based on the information provided within the question the manager was most likely hired for her Conceptual Skills. This is the ability that an individual may possess to analyze hypothetical situations in order to gain valuable information and develop strategies. Which allows that individual to make certain big decisions in benefit of the company.

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Nguyen, Inc. has received a bid for 15 comma 000 units. The costing estimates show that the average cost per unit for this bid w
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Answer:

B. $ 12 comma 600 comma 000

Explanation:

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sales price = cost x (1 + 20%)

sales price = total cost x 1.20

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3 years ago
Market pressures tend to move prices toward a(n) _____. price that causes shortages price that causes surpluses equilibrium pric
torisob [31]
Equilibrium would be the answer
8 0
3 years ago
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Bumek [7]

Answer:

Option (C) is correct.

Explanation:

Productivity of labor refers to the term which is used by the firms for knowing the efficiency of the labor employed into the production of the output.

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The answer is A.

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