Answer:
- Tax liability = $24,222.50
- Marginal rate = 24%
- Average rate = 19.35%
Explanation:
Question requires that we find the Tax liability, Marginal rate and Average rate.
Tax liability:
Chandler is in the $84,200 to $160,725 bracket.
= 14,382.50 + 24% * (125,200 - 84,200)
= 14,382.50 + 9,840
= $24,222.50
Marginal rate = 24%
Chandler's bracket is the 24% bracket.
Average rate:
= Tax/ Taxable income
= 24,222.50 / 125,200
= 19.35%
Answer:
c. produces a higher quality of life.
Explanation:
Maximizing this number produces a higher quality of life for the individual in question. This is because allowing the individual to be free of chronic illness drastically reduces stress. This new stress-free life helps the individual live to their fullest potential and become happier, which are all factors that contribute and increase that individual's quality of life.
Answer:
a. $15,710
b. Journal entry
Explanation:
a. The adjusted balance on the bank reconciliation is shown below:
= Balance per bank + deposit in transit - outstanding checks
= $18,800 + $3,750 - $6,840
= $15,710
b. The journal entry is as follows
Bank service charges $20
To Cash $20
(Being the cash is paid is recorded)
We simply do the above calculations and the journal entry to record this transaction
Answer:
Full line Strategy
Explanation:
The company that pursues full line strategy actually have a diversified product offerings within the business industry. Let consider the offerings of Toyota which produces a range of car products from a low price and quality car to excellent quality car products that are priced high. This helps them to target all the customer segments who are willing to buy a car from a lower class to upper class customers. Likewise in this case, the pharmaceutical company is trying to target maximum number of different customer segments who are the industry customer in which the company is operating.
When the Fed increases the money supply it is easier/cheaper to borrow money so interest rates will fall and consumption will go up.
