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3 years ago

3. From the following, select the tax that is

Business

1 answer:

Natalka [10]3 years ago

5 0

Answer:

A.) Payroll tax: money deducted from a person's salary that is sent to the government by the employer.

Explanation:

Payroll tax refers to the mandatory tax deductions imposed by the government on employees. The employer acts as the tax agent and withholds the taxes on every paycheck. The taxes are remitted to the government after collection.

The term payroll tax is used because the tax is based on the amount earned by employees. Sales tax is the tax imposed on the sale of goods and services. Income tax is imposed on income earned.

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Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil f

MaRussiya [10]

Answer:

The correct answer for option (1) is 31.72%, for option (2) is 0.52 times and for option (3) is 16.43%.

Explanation:

According to the scenario, the given data are as follows:

Sales = $18,600,000

Net operating income = $5,900,000

Average operating assets = $35,900,000

(1). We can calculate the margin for Alyeska service company by using following formula:

Margin = Net operating income ÷ Sales

= $5,900,000 ÷ $18,600,000

= 0.3172 or 31.72%

(2). We can calculate the turnover for Alyeska service company by using following formula:

Turnover = Sales ÷ Average operating assets

= $18,600,000 ÷ $35,900,000

= 0.52 Times

(3). We can calculate the ROI for Alyeska service company by using following formula:

ROI = Net operating income ÷ Average operating assets

= $5,900,000 ÷ $35,900,000

= 0.1643 or 16.43%

4 0

4 years ago

Determinants of Interest Rates The real risk-free rate is 4%. Inflation is expected to be 4% this year, 5% next year, and then 4

Mademuasel [1]

Answer:

Determinants of Interest Rates The real risk-free rate is 4%. Inflation is expected to be 4% this year, 5% next year, and then 4.5% thereafter. The maturity risk premium is estimated to be 0.0006 × (t - 1), where t = number of years to maturity. What is the nominal interest rate on a 7-year Treasury security?

The nominal interest rate = 8.86%.

Explanation:

Average inflation premium = (4%+5%+4.5%+4.5%+4.5%+4.5%+4.5%)/7 = 31.5%/7 = 4.50%

Maturity risk premium for 7 year bond = 0.0006 * (7-1) = 0.36%

Nominal interest rate = real risk free rate + inflation premium + maturity risk premium = 4% + 4.50% + 0.36% = 8.86%.

Therefore, the nominal interest rate for the question given = 8.86%.

4 0

4 years ago

Coronado Corporation acquires a coal mine at a cost of $448,000. Intangible development costs total $112,000. After extraction h

SSSSS [86.1K]

Answer:

Dr Depletion expense 66,640

Cr Accumulated depletion 66,640

Explanation:

Coronado Corporation

Journal entry

Dr Depletion expense 66,640

Cr Accumulated depletion 66,640

Total Cost = $448,000+$112,000 =

$ 560,000

Depletion per ton

= ($560,000-$179,200)/4,480

= 85 per ton

Depletion first year = 784*85 = 66,640

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4 years ago

How old do you have to be to get a reverse mortgage

Murljashka [212]

Answer: Minimum 62 years

Explanation: As per the rules, the youngest borrower must have attained the age of 62 years to qualify for reverse mortgage loan. There are several other requirements as well.

HUD financial criteria also needs to be fulfilled by the borrower. The home in which borrowers be living must be their prime residence and the required home equity will also be required.

6 0

3 years ago

__________ is a major skill needed in tennis?

Zolol [24]

Hand and eye coordination

4 0

3 years ago