All categories

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

You might be interested in

The extent to which a firm's internal activities encompass one, some, many, or all of the activities that make up an industry's

Free_Kalibri [48]

The answer is: [A]: "vertical scope" .
_____________________________________________

8 0

3 years ago

Plus Company uses the estimate of receivables method of accounting for uncollectible accounts. Plus Co. estimates that $4412 of

Darina [25.2K]

Answer:

$4,412

Explanation:

If the company estimates that $4,412 of accounts receivables will be uncollectible, then it must record that number under the Allowance for Bad debts Account.

That account started the year with a $3,284 balance, it decreased by $1,826 (debt written off), and then must be adjusted by crediting $2,954 so its balance = $4,412 on December 31.

3 0

3 years ago

The following information was taken from the records of Roland Carlson Inc. for the year 2017: income tax applicable to income f

avanturin [10]

Answer:

Following are the solution to the given question:

Explanation:

Revenue before continuing business 585000

less:income tax -187000

Continuous business revenue 398,000

Operations stopped

Loss of non-compliance -75000

Less: Applicable drop in income tax from 25500 - 49500

net sales 348500

Popular inventory per share

Continued operating revenue $[\frac{398000}{100000}] \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$3.98$

Losses on disrupted businesses, tax net $[\frac{-49500}{100000}]$ Net-0.495

Net profits $[\frac{348500}{100000}] \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 3.485$

8 0

3 years ago

Bill Dukes has $100,000 invested in a 2-stock portfolio. $50,000 is invested in Stock X and the remainder is invested in Stock Y

ohaa [14]

Answer:

the portfolio´s beta is 1.65

Explanation:

when the individual calculation of beta has been given, is possible to aggregate them as a weigthed average, so it is possible to apply te next formula

$Beta Portfolio=w_{1} *\beta _{1}+ w_{2} *\beta _{2} + .... + w_{n} *\beta _{n}$

where w is the weigthed value for each asset, in this particular case we have:

$Beta Portfolio = \frac{50.000}{100.000}*1.50 +\frac{50.000}{100.000}*1.70$

so with this result we get 1.65

8 0

3 years ago

When a certain competitive firm produces and sells 100 units of output, marginal revenue is $80. When the same firm produces and

Assoli18 [71]

Answer:

d. This cannot be determined from the given information

Explanation:

To find the average revenue of 200 units it is necessary to know the total units. However, the function of the marginal revenue is not given. It is impossible to infer the marginal revenue (price) of other units (of output) only from knowing the marginal revenue of the 100th unit.

6 0

3 years ago