Based on the information given Andrew’s net federal income tax rate is c. 11.8%.
Using this formula
Net federal income tax rate=Federal income taxes / Taxable income
Where:
Federal income taxes= $5,345.40
Taxable income=$45,300
Let plug in the formula
Net federal income tax rate=$5,345.40/$45,300
Net federal income tax rate=0.118×100
Net federal income tax rate=11.8%
Inconclusion Andrew’s net federal income tax rate is c. 11.8%.
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Answer:
c. A cap-and-trade system is considered a command and control regulation
Explanation:
The both are different systems as the cap-and-trade system which permits to trade and is more efficient in most of the markets. Nevertheless, the command and control system is used to laws it is not the most efficient, considering as well that is onerous and expensive for the government.
A social enterprise is a business that aims to achieve a particular public or community mission (social, environmental, cultural or economic), and reinvests the majority of its profits into achieving that mission.
A note is transacted through a single lender but it is similar to a bond payable.
<h3>What are bonds?</h3>
Bonds are the trading securities in the stock market which provide a constant amount of interest to the holder of bonds.
A note is a kind of debt where one party, that is, the payer agrees to pay back against the amount taken from the other party, that is, the lender. In the case of bonds, they are issued by companies to a large group of investors, called bond investors. Both are debts but contrasted on the basis of a number of lenders.
Therefore, the bond payable is similar to the note but differentiated due to the involvement of only one lender.
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Answer:
The multiple choices are as follows:
$4,720.
$17,260.
$48,680.
$43,960.
$42,960.
The beginning cash balance was $4,720
Explanation:
The formula for closing cash balance can be used to determine the opening cash balance as shown thus:
closing cash balance=net increase in cash+opening balance of cash
by arranging the equation
opening cash balance =closing cash balance-net increase in cash
closing cash balance is $26,700
net increase in cash is $21,980
opening cash balance=$26,700-$21,980=$4,720
