Answer : The new tax payment when he saves 8 % tax this year is, $3680
Explanation :
As we are given that,
Original property tax paid by a man = $4000
Percent rate of saving tax = 8 %
First we have to calculate the amount of tax he saved.
Amount of tax he saved = 
Amount of tax he saved = 
Amount of tax he saved = $320
Now we have to calculate his new tax payment when he saves 8 % tax this year.
New tax payment = Original property tax - Amount of tax he saved
New tax payment = $4000 - $320
New tax payment = $3680
Thus, the new tax payment when he saves 8 % tax this year is, $3680
<span>Contemplation.
The employees are probably thinking of resigning or rebelling, and are not caring about change. also they are probably experiencing some adverse consequences inside and outside of work.</span>
Answer:
$11,947
Explanation:
The following expenses shall be allowed as qualified higher education expense to Jose for the purpose of his son Qualified tuition program
Tuition Fees $6,400
Room and board $4,775
Books $772
Total expenses to be allowed $11,947
Answer:
The consumer surplus in the market for gasoline is $250 million
Explanation:
Consuemr Surplus
It is the difference between the consumer is willing to pay for the commodity and the actual market price.
The consumer surplus can be calculated as follow
Consumer Surplus = 0.50 x ( Maximum Price - Market Price ) x Quantity
Where
Maximum Price = $6.00
Market Price = $3.50
Quantity = 200 million gallons
Placing values in the formula
Consumer Surplus = 0.50 x ( $6.00 - $3.50 ) x 200
Consumer Surplus = $250 million
Note: The graph in the question was missing, it is attached for your reference.
Answer: The answer is given below
Explanation:
The schedule showing the amount recorded goes thus:
Particulars Amount($)
Purchase price 697000
Freight costs 33500
Electrical connection 4700
labor costs 36300
Bread dough used in testing oven
870
Safety Guards 1470
Total cost of equipment = 773840
The repairs cost 4700 is excluded because it is not a normal cost of the installation, therefore, it should be recorded as an expense in the income statement.
