Ask question

Ask question

All categories

strojnjashka [21]

2 years ago

5

Anna's job pays $10 per hour, and she works 40 hours per week. Her tax rate is 20 percent. Assuming she works 50 weeks per year,

the amount she will pay in taxes is $4,000 $14,000 $20,000 $30,000

1 answer:

artcher [175]2 years ago

8 0

She will pay in tax4,000

You might be interested in

North Company has completed all of its operating budgets. The sales budget for the year shows 50,220 units and total sales of $2

Oduvanchick [21]

Answer:

A budgered income statement was prepared for North company for the year ending December 31st 2020.

Explanation:

Solution

The NORTH COMPANY

Budgeted Income Statement

For the year December 31st, 2020 Ended

Particulars Amount

Sales $2,414,100

Less: Cost of goods sold

[50,220 Units x $23.00 per unit] -11,55,060

The Gross Profit 12,59,040

Less: Selling and administrative expenses -3,09,700

Earnings before interest and taxes 9,49,340

Less: Interest Expenses -10,260

The earnings before taxes 9,39,080

Less: Income Taxes -2,26,200

The Net Income 7,12,880

The net income for the NORTH COMPANY for the year ended December 31st 2020 is $7,12,880

6 0

3 years ago

When a buyer’s willingness to pay for a good is equal to the price of the good, a. the buyer’s consumer surplus for that good is

igomit [66]

Answer:

a. the buyer’s consumer surplus for that good is maximized.

Explanation:

The consumer will purchase up to the moment at whose preference price matches the market price.

Because of the diminished return theory, the following unit (k+1) will have a lower benefit to the consumer thus, it will have purchased only if the price is lower. Therefore, it will not purchase as the market price is the same as the previous unit but the consumer benefit is lower.

6 0

3 years ago

How much interest, if any, can jaxon deduct in year 0 if his business uses the cash method of accounting for tax purposes?

kaheart [24]

<span>Jaxon can deduct in year 0 if his business uses the cash method of accounting for tax purposes $750 under either cash or accrual method of accounting. Jaxon can only deduct two months of interest ([$4,500/12] Ă— 2) because prepaid interest is not deductible under either method of accounting.</span>

6 0

3 years ago

Lead-time refers to: Group of answer choices The period of time during which a firm is the leader of an industry The period of t

Lady_Fox [76]

Answer: None of the above

Explanation:

Lead time is the amount of time which passes from start of a process till the conclusion of the process. Companies review the lead time in supply chain management, manufacturing and project management during the pre-processing, processing, and the post-processing stages.

Lead time plays a vital an role in demand forecast and has a direct impact on the satisfaction of customers.

4 0

3 years ago

MC Qu. 160 Webster Corporation's monthly... Webster Corporation's monthly projected general and administrative expenses include

Cloud [144]

Answer:

the total general and admin expense is $8,200

Explanation:

The computation of the total general and admin expense is given below:

Administrative salaries $4,300

Other cash administrative expenses $1,700

Depreciation $2,200

General and administrative expenses budget $8,200

hence, the total general and admin expense is $8,200

We simply added the above 3 items so that the correct value could come

5 0

3 years ago