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maksim [4K]
3 years ago
8

Assuming a FICA tax rate of 8% on the first $100,000 in wages, and a federal income tax rate of 20% on all wages, what would be

an employee's net pay for the year if he earned $120,000 for the year?
Business
1 answer:
blondinia [14]3 years ago
3 0

Answer:

the answer is c

Explanation:

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An all-equity firm has a return on assets of 15.3 percent. The firm is considering converting to a debt-equity ratio of 0.30. Th
Elina [12.6K]

Answer:

re 17.4600%

Explanation:

We will calculate using the Modigliani Miller proposition with no taxes to solve for the cost of equity of a levered firm

r_e = r_u + (r_r - r_b) \frac{B}{S}\\where:\\r_e= $cost of equity\\r_b= $cost of debt\\r_u= $return on assets\\B/S = Debt to Equity

We plus our values into the formula and solve

r_e = 0.153+ (0.153 - 0.081)0.3

re 17.4600%

8 0
3 years ago
The unemployment rate in a town in which 65,400 persons are employed and 11,000 are unemployed equals:
Over [174]

Based on the number of people that are employed and those who are unemployed in this town, the unemployment rate is 14.4%.

<h3>What is the unemployment rate?</h3>

The unemployment rate can be found by the formula:
= Employed people / (Unemployed + Employed people)

Solving gives:

= (11,000) / (65,400 + 11,000)

= 11,000 / 76,400

= 14.4%

In conclusion, the rate is 14.4%.

Find out more on the unemployment rate at brainly.com/question/13280244.

7 0
2 years ago
Annual general meeting what is it?
Sonbull [250]

Answer: Gathering of the directors and stockholders (shareholders) of every incorporated firm, required by law to be held each calendar year. Generally, not more than 15 months are allowed to elapse between two AGMs, and a 21-day's written notice of its date is required to be given to the stockholders. The main purpose of an AGM is to comply with legal requirements, such as the presentation and approval of the audited accounts, election of directors, and appointment of auditors for the new accounting term. Other items that may also be discussed include compensation of officers, confirmation of proposed dividend, and issues raised by the stockholders.

7 0
3 years ago
Which type of tax does the fedreal goverment collect​
Elina [12.6K]

income tax majorly they depend majorly on income tax

4 0
3 years ago
In february 1898, what ship exploded in havana harbor with a loss of nearly 270 lives?
Dmitriy789 [7]
The battleship Maine
4 0
3 years ago
Read 2 more answers
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