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stellarik [79]
2 years ago
10

Dan plans to reduce his work schedule and work only half-time for WJJJ in 2021. He has been writing songs for several years and

wants to devote more time to developing a career as a songwriter. Because of the uncertainty in the music business, however, he would like you to make all computations assuming that he will have no income from songwriting in 2021. To make up for the loss of income, Freida plans to increase the amount of time she spends selling real estate. She estimates that she will be able to earn $90,000 in 2021.
a. Assume that all other income and expense items will be approximately the same as they were in 2020 (including the prize winnings).
b. Assume that Willie will be enrolled in college as a full-time student for the summer and fall semesters. No changes regarding Gina and Ben.
c. The $3,100 commission received on January 10, 2021, is included in the $90,000 income to be earned by Freida in 2021.
d. The 22% 2020 marginal tax rate remains the same in 2021.
e. Assume a payroll tax rate for FICA and Medicare of 7.65% and the Kentucky state income rate of 4%.
f. Assume Interest income, dividend income, prize income and the standard deduction will be the same for 2021.


There will be a net $__________reduction in salary and wages which will also result in a $__________decrease the Kentucky income tax, a $ ________decrease in the Social Security tax, and Medicare tax. and a $_____________ decrease in the Federal income taxes.
Business
1 answer:
Klio2033 [76]2 years ago
6 0

This answer was deleted by a Brainly Staff Member for violating our Terms of Service.

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Keys Printing plans to issue a $1,000 par value, 20-year noncallable bond with a 7.00% annual coupon, paid semiannually. The com
sveticcg [70]

Answer:

option b) -0.35%

Explanation:

For tax rate = 40%

After after-tax cost of debt = cost of debt × ( 1 - Rate )

= 7% × ( 1 - 0.40 )

= 4.20%

For tax rate = 45%

After after-tax cost of debt = cost of debt × ( 1 - Rate )

= 7% × ( 1 - 0.45 )

= 3.85%

Therefore, the change in cost of debt = 3.85% - 4.20% = -0.35%

Hence,

Correct answer is option b) -0.35%

3 0
3 years ago
An example of a tying arrangement is______ a. a restaurant offering both Pepsi and Coca-Cola products. b. a car manufacturer ins
ikadub [295]

Answer:

The correct answer is letter "B": A car manufacturer installing expensive onboard GPS/navigation systems in all the cars it sells.

Explanation:

A tying agreement is the type of contractual arrangement where a seller offers other(s) product for the purchase of one good as a part of only one bundle. The secondary product might not be necessary but the seller offers it mainly to generate more profit. Tying arrangements are considered anti-competitive practices.

4 0
2 years ago
Zoe runs a flower shop. She recently made some changes so that one employee answers phones and completes the order and payment p
jeyben [28]

Answer:

The correct answer is (e)

Explanation:

Task identity is a complete system that involves doing a job and specifying every phase and step from start to finish that helps to attain noticeable result and helps to avoid confusion. It not only helps the company to find the best person for a job, but it also allows employees to achieve satisfaction at their job.

8 0
2 years ago
If the supply of a product increases, then we would expect equilibrium pricea.to increase and equilibrium quantity to decrease.
azamat

Answer:

The correct answer is option d.

Explanation:

An increase in the supply of a product will cause the supply curve to shift to the right. This rightward shift will cause the demand curve and supply curve to intersect at a lower price.

This will cause the quantity demanded of the product to increase and the price of the product to decrease.

A decrease in the supply will cause the quantity demanded to decrease and price to increase.

The effect of supply increase is indicated through the given figure.

5 0
3 years ago
Involuntary unemployment occurs when the wage rate is below the equilibrium wage rate. exists when there is an excess quantity o
Natali5045456 [20]

Answer:

exists when there is an excess quantity of labor supplied.

Explanation:

Involuntary unemployment is the situtation in which the labor actually work and also work at the prescribed wage rate in that time when the job is not getting

It could be arise when there is a lacking of the aggregate demand or total demand also when there is a excess of labor supply

so according to the given situation, the second option is correct

3 0
2 years ago
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