The cost of goods sold in a retail store totaled $325,000. fixed selling and administrative expenses totaled $115,000 and variable selling and administrative expenses were $210,000. if the store's contribution margin totaled $590,000, then sales must have been: 1,125,000
The divorce decree provides that roberta is to pay state income tax.
<h3>What is
state income tax?</h3>
In addition to the federal income tax collected by the United States, the majority of individual states in the United States collect a state income tax. Some municipal governments also levy an income tax, which is frequently based on state income tax calculations. Individual income taxes are levied in 42 states and many localities around the United States.
The federal government collects federal income taxes, whereas individual states collect state income taxes where a taxpayer lives and generates income.
A state income tax is a direct tax imposed by a state on income produced within or outside of the jurisdiction. It may mean all of your money earned anywhere in your state of residence. Like federal tax, state income tax is self-assessed, which means taxpayers file required state tax returns
To know more about state income tax follow the link:
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Answer:
2. $3600
Explanation:
The computation of the depreciation expense under the Straight-line method: is shown below:
= (Purchase value of computer equipment - residual value) ÷ (estimated useful life)
= ($19,200 - $0) ÷ (4 years)
= ($19,200) ÷ (4 years)
= $4,800
The depreciation that is calculated above is on yearly basis. But on monthly basis, the depreciation should be calculated from January 1, 2012 to September 30, 2012 i.e for 9 months
So, the depreciation would be
= $4,800 × 9 months ÷ 12 months
= $3,600
We assume the deprecation is calculated on the straight-line method
Answer:
40$
Explanation:
Each cheesecake is being sold for 8$, Austin is buying 5 for 80$
5 cheesecakes ×8$ = 40
Austin is giving 80$ for the 5 cheesecakes which total 40$ ( 80-40) = 40$ is his consumer surplus.
195x6=1170, so he will have 1170 dollars in his college fund by senior year