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PIT_PIT [208]
2 years ago
15

Question 2 of 10

Business
1 answer:
son4ous [18]2 years ago
6 0

It should be noted that a benefit of contributing to a retirement account is A. The amount of income that's taxable is reduced.

<h3>What is the benefit of retirement account?</h3>

It should be noted that employee contribution can help in reducing taxable income.

Contributions and investment gains won't be taxed until they're distributed.

Therefore, the benefit of contributing to a retirement account is the amount of income that's taxable is reduced.

Learn more about retirement on:

brainly.com/question/25707827

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A company purchases land and a building for $300,000. The appraisal attributes a fair market value (FMV) to the land of $180,000
ser-zykov [4K]
$700,000 I hope that helps
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In the market experiment with​ taxes, after the excise tax is imposed on the market A. the price paid by buyers decreases and th
aleksley [76]

Answer:

C. the price paid by buyers increases and the price received by sellers decreases

Explanation:

In the market experiment with​ taxes, after the excise tax is imposed on the market the price paid by buyers increases and the price received by sellers decreases

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For the fundraiser will sold 225 candy bars here in the dollar for each almond candy bar he sells and $0.75 for
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<span>187.5.......................................</span>
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3 years ago
Suppose a firm wants to maintain a specific TIE ratio. It knows the amount of its debt, the interest rate on that debt, the appl
ra1l [238]

Answer:

a. True

Explanation:

TIE means times interest earned, whose formula is provided below:

Times interest earned=EBIT/interest expense

With the above formula, we can determine the EBIT (earnings before interest and tax)

Depending on the company's cost structure, when  the operating costs are added to EBIT, the result would be the company's sales revenue

EBIT=Sales revenue-operating costs

Sales revenue=EBIT+operating costs

3 0
3 years ago
The income statement of Cullumber Co. for the month of July shows net income of $2,200 based on Service Revenue $6,100, Salaries
saw5 [17]

Answer:

Revenue                                                                      $6,800

Expenses:

  • Salaries and Wages Expense ($2,700)
  • Supplies Expense ($1,050)
  • Depreciation expense ($250)
  • Insurance expense ($600)
  • Utilities Expense ($400)                                   <u>($5,000)</u>

Net income                                                                  $1,800

1) you must add insurance expense

2) you must decrease supplies expense = $1,200 - $150 = $1,050

3) you must add depreciation expense

4) you must increase salaries and wages expense = $2,300 + $400 = $2,700

5) you must increase revenue = $6,100 + $700 = $6,800

3 0
3 years ago
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