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2 years ago

How much federal tax is deducted from the paycheck.

Business

1 answer:

jok3333 [9.3K]2 years ago

3 0

Answer:

The standard deduction is a specific dollar amount that reduces your taxable income. For the 2021 tax year, the standard deduction is $12,550 for single filers and married filing separately, $25,100 for joint filers and $18,800 for head of household.

Explanation:

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Kansas Enterprises purchased equipment for $73,000 on January 1, 2021. The equipment is expected to have a five-year service lif

Margaret [11]

Answer:

Depreciation expense = $13,130

Book value = $46,740

Explanation:

Depreciation is a method of expensing the cost of an asset.

Depreciation expense using the straight line method = (Cost of asset - salvage value) / useful life

($73,000 - $7,350) / 5 = $13,130

The depreciation expense each year would be $13,130.

Book value = Cost of asset - Depreciation expense

In December 2021, the book value would be = $73,000 - $13,130 = $59,870

In December 2022, the book value would be = $59,870 - $13,130 = $46,740

I hope my answer helps you

4 0

3 years ago

Match the career with the education that the job requires.

natita [175]

I am figuring this question out for you! one moment please

Explanation:

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3 years ago

Livingston Co. uses process costing to account for the production of elastic bands. Direct materials are added at the beginning

madam [21]

Answer:

The total cost per unit using the weighted average method would be:

$15,97

Explanation:

Materials Conversion Costs

Begining $ 14,000 $ 8,000

APRIL $ 72,000 $ 80,000

TOTAL $ 86,000 $ 88,000

Units 8,000 8,000

100% 50%

WIP 4,000 2,000

TOTAL 12,000 10,000

USD/Unit 7,17 8,80 $15,97

3 0

3 years ago

On June 30, 2020, Sage Company issued $3,551,000 face value of 13%, 20-year bonds at $3,818,140, a yield of 12%. Sage uses the e

Lubov Fominskaja [6]

Answer: See attachment

Explanation:

The journal entry to record the transactions has been attached.

1. The issuance of the bonds on June 30, 2020.

Debit Cash $3818140

Credit Premium on bonds payable $267140

Credit Bonds payable $3551000

(2) The payment of interest and the amortization of the premium on December 31, 2020.

Debit Interest expense $229088.4

Debit Premium on bonds payable $1726.6

Credit Cash $230815

(3) The payment of interest and the amortization of the premium on June 30, 2021.

Debit Interest expense $228984.8

Debit Premium on bonds payable $1830.2

Credit Cash $2380815

(4) The payment of interest and the amortization of the premium on December 31, 2021.

Debit Interest expense $228975

Debit Premium on bonds payable $1940

Credit Cash $230815

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3 years ago

All of the following are examples of prospecting methods EXCEPT:

9966 [12]

Answer:

c and e

Explanation:

those are 2 examples of it

7 0

3 years ago