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2 years ago

What taxes and withholdings take the biggest bite out of the amount of your paycheck?.

1 answer:

7 0

The taxes and withholdings take the biggest bite out of the amount of your paycheck is the federal income tax.

<h3>What is Federal income tax?</h3>

This is the largest source of revenue of the government and it is usually collected by the federal government.

It is usually based on annual earnings for individual and businesses in which a percentage is deducted.

Read more about Federal income tax here brainly.com/question/1601662

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A disadvantage of the corporate form of business ownership is that:

Roman55 [17]

Answer:

b) most shareholders have little direct control over how the company is managed.

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3 years ago

During 2019, Dowdy, a C corporation, realized a long-term capital gain of $8,000 from the sale of a tract of land, a short-term

postnew [5]

Answer:

The answer to the following question is $4000.

Explanation:

Dowdy which is a C corporation, has a total of $14,000 in capital gain, in which $8000 comes from sale of tract land and rest of $6000 comes from sale of stock. And the company also has a capital loss of $18,000. So here the company is having a long term capital loss of $4000 ( $18,000 - $14,000 ), and this C corporation can deduct this long term capital loss from their taxable income ( the year in which loss was incurred ) . If in a situation, loss is not deducted from this year , then it can be carried 3 years or 2 years or even 1 years back and if there is capital gain , it can be deducted from it.

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3 years ago

Salespeople who love their products, and possess vast product knowledge, sometimes overload their customers with product data th

Svetach [21]

Answer:

Option D Data Dump

Explanation:

The provision of the unneccesary data alongwith the other necessary data to the user is reffered to as Data dumping. Data dumping by the salesperson might affect the opinion because the customer might change his mind to buy a specific product or postpond purchasing the product.

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3 years ago

Song, Inc., uses the high-low method to analyze cost behavior. The company observed that at 22,000 machine hours of activity, to

andriy [413]

Answer:

Variable cost per unit= $8.4

Explanation:

<u>First, we need to calculate the total cost for each level of machine hours:</u>

Low activity level:

Total cost= 22,000*33.4= $734,800

High activity level:

Total cost= 25,000*30.4= $760,000

<u>Now, we can determine the variable and fixed costs:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (760,000 - 734,800) / (25,000 - 22,000)

Variable cost per unit= $8.4

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 760,000 - (8.4*25,000)

Fixed costs= $550,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 734,800 - (8.4*22,000)

Fixed costs= $550,000

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3 years ago

Effectively a bookkeeping adjustment undertaken by a firm that increases the number of shares outstanding and immediately causes

Klio2033 [76]

Answer:

This is a stock split.

Explanation:

This statement describes a stock split. It occurs when a company's board of directors decide to increase the number of company shares but still maintain the same total value of equity. An example would be a 2-1 stock split which means that every investor holding one share of the company would now hold 2 shares . One reason why a stock split occurs is when the stock price is perceived to be too expensive hence necessary to lower the price so other investors can buy it.

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3 years ago