Answer:
b.$296,500.
Explanation:
Calculation to determine what Greene should report as unamortized bond discount
First step is to calculate the discount amount
Discount Amount= ($5,000,000 × .09) - ($4,685,000 × .10)
Discount Amount= $18,500
Now let determine the unamortized bond discount
Unamortized bond discount=$315,000 - $18,500 Unamortized bond discount= $296,500
Therefore Greene should report unamortized bond discount of $296,500
Answer:
499.80
Explanation:
There is no 39.6% tax bracket, the highest marginal tax is 37%. But we can assume that Mikey had to pay 39.6% in taxes which means that he is in the seventh tax bracket (highest). Since he is classified under the highest tax bracket, he will also pay the highest capital gains rate which is 20%.
Mikey's long term capital gain = $4,950 - $2,400 = $2,550
if he paid regular income taxes = $2,550 x 39.6% = $1,009.80
since he pays capital gains taxes = $2,550 x 20% = $510
That means he saves $1,009.80 - $510 = 499.80
Answer:
25%
Explanation:
Using simple trend, to calculate the predicted sales/profit of 2018, we use;
(percentage sales of 2017 - percentage sales of 2016) ÷ percentage sales of 2016.
we have,
percentage sales in 2018 = <u>20 - 16</u>
16
= <u>4</u>
16
= 0.25.
Percentage sales in 2018 = 25% i.e 0.25 x 100%
Cheers.
Requesting an interview during a telephone call to the employer.
True, rationing is the selling of scarce goods or services in events such as war. Items are distributed in fairness to each citizen and they have to take a ration book to say what they have or haven't had and how much of it they have had.
