If your income is $40,000 and your income tax liability is $5,000, your marginal tax rate is: b. 12.5 percent.
Using this formula
Marginal tax rat=Tax payable/Taxable income×100
Where:
Tax payable=$5,000
Taxable income=$40,000
Let plug in the formula
Marginal tax rate=$5,000/$40,000×100
Marginal tax rate=12.5%
Inconclusion if your income is $40,000 and your income tax liability is $5,000, your marginal tax rate is: b. 12.5 percent.
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Answer:
Dr Bad debt expenses $ 32,400
Cr Allowance for doubtful accounts $ 32,400
Explanation:
Preparation of the adjusting entry that the company should make at the end of the current year to record its estimated bad debts expense
Dr Bad debt expenses $ 32,400
Cr Allowance for doubtful accounts $ 32,400
($31,500+$900)
( To record its estimated bad debts expense)
Estimated Bad debts expense =Account receivables + Debit balance
Estimated Bad debts expense= $31,500 + 900
Estimated Bad debts expense=$32,400
Brazil is an example of a closed economy as it has the least amount of imports in the world
Answer:
The answer can include both C and D. Description below.
Explanation:
We make the following records.
The treasury stock was reissued at a premium of 5184 - 4556 = $628
Since treasury stock is credit account by nature we debit to reduce it by the Amount of $4,566
$628 is to be credited to the paid in capital as this is premium received in excess of par value of the stock. Since there is no mention of premium or paid in capital account we may credit the Excess of Par/Common.
Hope that helps.
Answer:
Slot one is C, Creativity, it's the only one that would really fit into the slot with making sense. Slot two is also C, Recoursefulness.
Explanation:
Creativity only makes sense since work ethic doesn't fit and her answering the question and creating something doesn't prove listening skills. Kevin does use behavorial skills but if you try repeating the sentence back to yourself and put Behavorial Skills in the blank, it doesn't flow like it's supposed to. When you go back to option B and C it's pretty obvious the only answer that would make sense is Recoursefullness, it also proves it in the text; "when he figures out a way to use the materials he has in the office to create the application."
