Answer:
$9,840
Explanation:
In this question, we have to take the difference between the payment for S corporation and the C corporation
If Military Gear Inc is a C corporation, then the payment would be
= Ordinary income × marginal tax rate
= $84,000 × 24%
= $20,160
And, if Military Gear Inc is a S corporation, then the payment would be
= (Ordinary income - net effect) × marginal tax rate
= ($84,000 - $41,000) × 24%
= $43,000 × 24%
= $10,320
The net effect would be
= $159,000 - $118,000
= $41,000
The net payment would be
= $20,160 - $10,320
= $9,840
Answer:
a. 4
b. 91.25 Days
Explanation:
a. Inventory Turnover = Cost of goods sold/ Average Inventory
= $347,480 / 86,870
= 4
b. Number of days sales in Inventory = Inventory/ COGS*365
= 86,870 / $347,480 * 365
= 91.25 Days
Real earnings decreased for high school education because globalization has helped those with greater education more than those with less education.
<h3>Decrease in real earnings</h3>
Due to globalization people with higher education or higher qualification has more advantage over those with lesser education or high school education.
This occur because technological changes in recent decades has lead or result in high demand for people with more or higher education.
Inconclusion real earnings decreased for high school education because of globalization.
Learn more about Decrease in real earnings here:brainly.com/question/25302588
Answer
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Explanation
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