If marc and mikkel are married and earned salaries this year of $64,000 and $12,000, respectively. Marc and Michelle’s taxes payable or refund due for the year is $210.
How to find the taxes payable?Gross Income: $76,500
Adjusted gross income AGI $4,000
Adjusted income $72,500
($76,500 - $4,000)
Greater standard item $25,100
Taxable income $47,400
($72,500 - $25,100)
Income tax liability $5,290
Credits ($3,000)
Prepayments ($2,500)
Taxes (refund) ($210)
Therefore the taxes payable is the amount of $210.
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A private closed economy includes:
households, businesses, and government, but not international trade.
households, businesses, and international trade, but not government.
households and businesses, but not government or international trade.
households only.
Answer:households and businesses, but not government or international trade
Explanation:
true false an easement is the right to go onto land owned by another and take away some part of the land itself or some product of the land.
The given statement is False. An easement is a restricted permission to use someone else's property for a certain purpose.
An easement, for instance, would permit someone to access their own property from a road on their neighbor's property. Electrical wires or railroad tracks may also be laid using easements. Easements can be categorized as either easements in gross or easements appurtenant.
An easement does not confer "possession" of the property to the holder, unlike a lease. For specific remedy from specific infringement of fundamental human rights, an easementary right is thereby offered. Any unjustified obstruction of the right of way is considered a nuisance in this circumstance. However, a right of way never grants the grantee or those lawfully using the way under the grant exclusive use of the land over which the way is located.
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all of the following are key steps to successful career planning except: assessing your values and interests aligning yourself with well paid jobs on wall street taking advantage of networking opportunities matching your abilities, experience and education with your chosen career field
All of the following are key steps to successful career planning except Aligning yourself with historical employment trends.
Planning is the procedure of questioning concerning the activities required to achieve the preferred goal. planning is primarily based on foresight, the fundamental ability for mental time tour. The evolution of forethought, the capability to think beforehand, is considered to were a top mover in human evolution.
Making plans may be defined as a system of putting in of goals and objectives for a given time frame, formulating alternatives for the route of action to be taken, and sooner or later determining the best action from the numerous options.
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to assure accountability for fixed-asset retirements, management should implement an internal control that includes:
Internal control, often referred to as an internal safeguard, can be any tool used by a business to ensure that its operations are carried out properly and efficiently.
Examples include rules, policies, procedures, management statements, and more. Internal control is described as "a procedure implemented by an organization's management body, board of directors, officers, and employees meant to provide reasonable assurance over the attainment" by COSO, the authoritative source on the topic. Accounting data, frequently produced from accounting software, serves as the foundation for management control.
Its goal is to make sure that the business has solid financial management and sustainability. Its strategy is organized around creating and observing budgets.
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to be a close corporation, the business must be small, with no more than 20 owners, trade its stock publicly, and have no more than $500,000 in gross annual income.
If your tax due is less than the credit and your federal adjusted gross income is less than $50,500.
Which type of business structure strikes a balance between a tiny, one-owner company and incorporation?Although the term "incorporation" technically refers to "forming a corporation," it is also frequently used to refer to the establishment of any kind of distinct business entity, such as a Limited Liability Company (LLC), which serves as a convenient middle ground between a corporation and a sole proprietorship.
How might a business with two or more owners look?A partnership is the most straightforward type of shared ownership for two or more persons. Limited partnerships (LP) and limited liability partnerships are the two most prevalent types of partnerships (LLP).
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if you are using a pink-and-white product application during a nail maintenance, what color product should you apply first?
Answer:
white
Explanation:
color theory
true or false: the tax cuts and jobs act of 2017 eliminates the tax issue about repatriating overseas profits.
It is true that the tax problem with bringing home foreign profits was resolved by the tax cuts and jobs act of 2017.
What did the Tax Cuts and Jobs Act of 2017 serve to accomplish?Deductions, depreciation, expensing, tax credits, and other business-related tax items have altered as a result of the Tax Cuts and Jobs Act ("TCJA"). Business owners can use this side-by-side comparison to comprehend the changes and make appropriate plans.
The 2017 Tax Cuts and Jobs Act is still in force, right?By 2025, many tax cut provisions, particularly those relating to income taxes, will expire and gradually increase in size beginning in 2021; by 2027, this is expected to affect 65% of the population, and in that year, the law's provisions are scheduled to be fully implemented, but the corporate tax cuts are not.
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Which kind of bond pays interest which is exempt from tax? a. treasury bonds b. junk bonds c. municipal bonds d. corporate bonds please select the best answer from the choices provided a b c d
Option (c): Municipal bonds are a type of bond that pay tax-free interest.
What are tax-free bonds, exactly?The government offers bonds that are not subject to tax in order to raise money for a variety of purposes. Because it delivers a fixed interest rate, this low-risk investment option is the best one. Similar to a fixed deposit, an investor can put a sizable sum of money in a tax-free bond in exchange for a fixed rate of interest.
Tax-free interest on municipal bonds?Federal taxes are typically not due on municipal bonds' (also known as munis') income. Municipal bonds are issued by state, local, and city governments. However, when you file your taxes, you will need to disclose this income.
In some situations, municipal bonds are also exempt from state and local taxes. Municipal bonds are not subject to federal taxes. Consequently, based on where you live, you could never have to pay income taxes on the payments you get from the bond's issuer (but they may be subject to the alternative minimum tax or AMT).
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chez fred bakery estimates the allowance for uncollectible accounts at 3% of the ending balance of accounts receivable. during 2024, chez fred's credit sales and collections were $108,000 and $134,000, respectively. what was the balance of accounts receivable on january 1, 2024, if $90 in accounts receivable were written off during 2024 and if the allowance account had a balance of $720 on december 31, 2024?
The balance of accounts receivable on January 1, 2024 is = $26,810.
Ending account receivable balance = Beginning account receivable + credit sales - collections - written off amount
$720 = Beginning account receivable + $108,000 - $134,000 - $90
$720ca= Beginning account receivable - $26,090
So, the Beginning account receivable would be
= $720 + $26,090
= $26,810
The ending accounts receivable is computed below
= $720÷ 33%
= $0.33
An account balance is the full sum of money available in a economic account after all of the debits and credit were calculated. it is able to also consult with the entire sum of money that a person or organisation is due to pay to a third party, including a carrier issuer.
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a healthcare company provides a lower training pay rate to its employees belonging to the age group of 18 to 19 years. the rate is applicable for a period of 90 days. in this case, which law justifies the organization's decision to pay the lower amount?
When the healthcare company provides a lower training pay rate to its employees belonging to the age group (18 to 19) for a period of 90 days, the law that justifies the organization's decision to pay the lower amount is that Fair Labor Standards Act (FLSA) provisions for minimum wage. The Option B is correct.
What is the provision of Fair Labor Standards Act?In U.S., the Fair Labor Standards Act is a federal law that establishes minimum wage, overtime pay eligibility, recordkeeping and child labor standards affecting both the full-time and part-time workers in the private sector and in federal, state and local governments.
Missing options "A. laws governing equal employment opportunity B. Fair Labor Standards Act (FLSA) provisions for minimum wage C. Fair Labor Standards Act (FLSA) provisions for overtime D. laws governing prevailing wages E. Fair Labor Standards Act (FLSA) provisions for child labor"
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Constant credit sends two representatives to a major league baseball playoff game to manage a small booth. The representatives give fans a gift card with the constant credit logo emblazoned on the front. The card also has a link to the constant credit website. This can be best described as marketing
Yes, this is an example of marketing. By giving out gift cards with its logo and a link to its website, Constant Credit is engaging in promotional activities to increase awareness of its brand and products.
Constant Credit is using the presence of its representatives at a major league baseball playoff game to promote its brand and website. By giving out gift cards with the logo and website link, Constant Credit is leveraging the popularity of the game to reach a larger audience and introduce them to its brand.
This promotional activity helps build awareness of Constant Credit, which can lead to increased customer engagement and website visits.
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which of the following is included in the responsibilities of an individual working in sport retailing as a manufacturer's representative?
The responsibilities of an individual working in sport retailing as a manufacturer's representative include all of the following except (d) All of the answers are correct.
Sportswear, sporting goods, and related general merchandise are all sold by retail establishments known as sporting goods retailers or sporting goods stores.
What do sports retailers do?
Sportswear, swimwear, and casual clothing are all sold in the majority of sports stores. white trainers, running shoes, gym shoes, and studded boots are examples of clothing. Hockey sticks, racquets, and a variety of bats.
A sporting goods retailer, also known as a sporting goods store, is a retailer of sporting and recreational goods, such as apparel, equipment, and accessories.
All of the above options a, b, c are the job description of a retail marketer representing a sport manufacturing company.
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Full Question :The responsibilities of an individual working in sport retailing as a manufacturer's representative include all of the following except _____.
a. being knowledgeable about equipment specifications
b. phoning prospective clients to set up appointments to show the manufacturer's goods
c. receiving bids for equipment wanted by institutions
d. All of the answers are correct.
understand the annual and monthly activity of the revenue streams by reviewing the monthly activity analysis. – what pattern do you see in the overall revenue activity and by account class in fy16? – how does this compare with the prior year? – identify the most significant revenue streams, represented by account classes, in fy16. ► which month had the highest net sales for these account classes and how much were they? ► beyond the expectations you already developed about overall revenues in part i of this case, what general expectations do you have for monthly activity of revenue for fy16 compared with the prior year? what specific factors influence your expectations? ► do your general expectations align with the fy16 results you see? if not, why? ► what is the benefit of being able to develop more precise expectations using the same analysis?
Ratio analysis is the relative size of two numbers selected from a company's financial statements. There are many standard metrics used to assess the overall financial health of businesses and other organizations.
It is a quantitative method for gaining insight into a company's liquidity, operational efficiency, and profitability by examining financial statements such as balance sheets and income statements. Ratio analysis is the cornerstone of fundamental stock analysis.Ratio analysis compares line item data in a company's financial statements to provide insight into profitability, liquidity, operational efficiency, and solvency.Ratio analysis can reveal how a company is performing over time, comparing it to other companies in the same industry or industry.Ratio analysis may also be requested by external parties setting benchmarks, which are often risky. Metrics provide useful insight into a company but should be combined with other metrics to get a more comprehensive picture of a company's financial health.Examples of ratio analysis include liquidity ratio, gross margin, and inventory turnover.learn more about ratio analysis here
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the hill-burton act provided substantial funds for medical education. group of answer choices false true
The Hill-Burton Act provided substantial funds for medical education. This statement is a false statement.
The Hill-Burton Act had what objective?The Hill-Burton Act was passed with the intention of providing grants and loans for new building and renovation projects at hospitals, nursing homes, and other healthcare facilities. Nearly one-third of hospitals in the United States had been built by Hill-Burton by 1975.
What distinguished the Hill-Burton Act from other laws?The Hill-Burton Act was ratified by President Harry S. Truman on August 13, 1946. The Hospital Survey and Construction Act was a Truman effort that offered loans and subsidies for construction so that hospitals could be built where they were needed and would be financially viable.
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after you've finished building your portfolio and adding securities to it in prtu, what is your next logical stop?
A fixed income index is the natural next step after adding securities to it in prtu.
What does the phrase "create a portfolio" mean?Understanding how various asset classes, funds, and weightings affect one another, their performance and risk, and how choices relate to an investor's goals is the process of portfolio design.
What should the format of a creative portfolio be?A creative portfolio should contain more than just examples of your best work. Instead, you should consider your portfolio as a visually appealing, perfectly coherent piece of "creative work" in and of itself, one that has been "well thought out and marketed like a product" (Cleaver).
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Oil prices are denominated in terms of _____ in international commodities markets.
Oil prices are denominated in the terms of dollars in the international commodities markets.
What is a commodity market?In contrast to markets for manufactured goods like cocoa, fruit, and sugar, commodity markets trade in the primary economic sector. Mining is done for hard commodities like gold and oil. The first form of commodity investing is through futures contracts. Physical trading and derivatives trading on commodity markets using spot prices, forwards, futures, and options on futures are both possible. For centuries, farmers have used a straightforward form of derivative trading on the commodity market to manage price risk. Financial instruments whose value is derived from a commodity known as an underlier are referred to as financial derivatives. A growing number of derivatives are traded through clearing houses, some of which feature central counterparty clearing. These clearing and settlement services are offered both on futures exchanges and off-exchange in the OTC market.
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When using the indirect method, adding a decrease in prepaid insurance to net income eliminates the effect of recording insurance expense that ______.
When using indirect method, adding a decrease in the prepaid insurance to the net income eliminates effect of the recording insurance expense that has not been paid in cash.
What is indirect method?By starting with net income and then adjusting it for cash operational activities before reaching an ending cash balance, the indirect method is a technique used in financial reporting. In order to create the statement of cash flows for an accounting period, the indirect technique requires accrual accounting data. Regulatory organizations do not favor the indirect way of financial reporting since it does not clearly depict cash flows for a given time, despite the fact that most accountants prefer utilizing it. Many accountants report cash flow of a certain business in the indirect method manner. In order to determine the actual amount of money generated by business operations, this method modifies net income.
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m tech, a maker of smartphones, promised to release a brand new line of phones in january 2020. however, due to delays in research and development, in december 2019, m tech is at least six months away from production. which of the following closing statements should m tech use in its negative announcement?
M tech should use this statement in its negative announcement as we are confident that our valued customers will enjoy our brand's new line of phones.
Who is a customer?A customer is the recipient of a good, service, product, or idea in sales, commerce, or economics that they have purchased from a seller, vendor, or supplier in exchange for money or another useful consideration. The gift economy based on favors was a mainstay of early societies. Later, as business grew, less long-lasting human relationships were created, relying more on momentary wants than on persistent social desires. Customers are typically defined as individuals who purchase goods and services, whereas clients are those who receive individualized guidance and assistance. While grocery stores, banks, and restaurants tend to prefer customers over clients, businesses like legal firms, movie studios, and health care providers tend to prefer clients despite the fact that these distinctions have little modern semantic significance.
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tran is employed at a company that annually contributes anywhere from 2% up to 12% of his salary into his retirement plan, depending on how good the company's financials were that year. this type of contribution plan is a(n) plan.
Depending on how good the company's financials were that year, this type of contribution plan is C) profit-sharing.
How are contributions to profit-sharing plans determined?Subtract the overall compensation for the period from the individual remuneration for each employee during that time. After that, multiply your profit share % by the whole period profits. The next step is to multiply the two sums together to arrive at the payment amounts for each employee.
What two drawbacks does profit-sharing have?Because they include extensive non-discrimination clauses that must be evaluated annually, they are more expensive to administer than conventional profit sharing plans. Employee contributions are not guaranteed because such programs are discretionary, hence this is true.
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A company uses specially configured workstations for any work that requires administrator privileges to its Tier 0 and Tier 1 systems. The company follows a strict process to harden systems immediately upon delivery. Even with these strict security measures in place an incident occurred from one of the workstations. The root cause appears to be that SoC was tampered with or replaced. What of the following MOST likely occurred?
Fileless malware
A downgrade attack
A supply-chain attack
A logic bomb
Misconfigured BIOS
A downgrade attack might occurs in root cause appears to be that SoC was tampered with or replaced.
A downgrade attack, also known as a bidding-down attack or version rollback attack, is a type of cryptographic attack that forces a computer system or communications protocol to switch from a modern, high-quality mode of operation to an older, lower-quality mode that is typically provided for backward compatibility with older systems. An illustration of such a problem was discovered in OpenSSL, which let the attacker to convince the client and server to use a less secure version of TLS. One of the most prevalent downgrade assaults is this one. Due to their inherent fallback to unencrypted communication, opportunistic encryption technologies like STARTTLS are typically vulnerable to downgrade attacks.
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question number 2) when working around the world on projects like the panama canal, ch2mhill should be concerned about which barrier to effective communication?
The world on projects like the panama canal, ch2mhill should be concerned Panama's full control over the canal is the key reason for its thriving economy.By connecting the Atlantic and Pacific Oceans, the canal eliminates the need for ships to pass via South America.
In 2016, a new set of locks that permit larger ships to transit through the canal were inaugurated.The Panama Canal was constructed to reduce the distance, coast, and transit time needed for ships to transport freight between the Pacific and Atlantic Oceans. Before the canal, ships had to circumnavigate the entire South American continent.Retirement is very popular in Panama City. Panama offers retirement visas and other unique privileges for retirees, in addition to having a low cost of living.Spanish engineers were the first to consider building a canal through Panama. The first European to recognise that there was a short area of land dividing the Atlantic and Pacific oceans was the Spanish adventurer Vasco Nunez de Balboa.
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what is the bank discount rate on a $100,000 face value t-bill priced at $97,500, maturing in 181 days?
In this instance, the answer is 4.97%. When Bank discount rate is $100,000.The bank discount rate is calculated as follows: face value - price /face value * 360/days to maturity
the formula for determining the bank rate of return is as follows
When we apply relevant information to the equation, we receive:
Bank discount rate = 100,000 97,500/ 100,000 *360/ 181 = 0.0497 = 4.97
Why is the bank discount generate not a realistic assessment of the refund on holding a Treasury bonds?
Because it is an annual rate rate of return based on the par value of the bills rather than the actual dollar amount of money invested, and it is calculated on a 360-day rather than a 365-day basis, the Discount Yield can be a misleading measure of the return on T-Bills (used for Treasury bonds and notes).
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true or false: for publicly traded companies, the component of the dividend yield that must be estimated is the dividend.
This statement is False. for publicly traded companies, the component of the dividend yield that must be estimated is the dividend.
The expected growth rate in dividends must be estimated. Estimation (or estimating) is the process of locating an estimate or approximation, that's a price that is usable for a few causes despite the fact that entered information can be incomplete, uncertain, or unstable. The price is nonetheless usable due to the fact it is derived from the nice records available. generally, estimation includes "the use of the value of a statistic derived from a sample to estimate the value of a corresponding populace parameter".
The pattern gives information that may be projected, through diverse formal or informal strategies, to determine a variety most in all likelihood to describe the missing records. An estimate that turns out to be wrong will be an overestimate if the estimate exceeds the real result and an underestimate if the estimate falls short of the actual end result.
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if you buy a case of heartland healthy soup, you can mail eight upc labels to heartland and receive a heart-shaped soup bowl. the bowl is an example of a
if you buy a case of heartland healthy soup, you can mail eight upc labels to heartland and receive a heart-shaped soup bowl. the bowl is an example of a premium.
What is premium?A premium can be described as the price paid for above as well as beyond some basic or intrinsic value.
It should be noted that it is the price paid for protection from a loss, hazard, as well as harm which can be seen in the insurance or options contract and in some case it can be considered to be a "reward" or "prize."
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Which of the following that affect the value or desirability of the property must be disclosed by the seller (transferor) or real estate agent involved in the transaction?
Any material facts
Any material facts that affect the value or desirability of the property must be disclosed by the seller or real estate agent involved in the transaction.
A material fact is one that a reasonable person would recognise as desirability to a decision to be made, as opposed to a minor, trivial, or insignificant detail. In other words, it is a fact whose suppression would result in a different decision. Material facts include whether the property has a current DA approval, whether it has had water damage in the past, and whether it was the scene of a serious crime during the current occupation.
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suppose that the market for haircuts in a community is perfectly competitive and that the market is initially in long-run equilibrium. subsequently, a decrease in population decreases the demand for haircuts. in the short run, we expect that the market price will _____ and the output of a typical firm will _____. a) rise; rise b) rise; fall c) fall; rise d) fall; fall
Suppose that the market for haircuts in a community is perfectly competitive and that the market is initially in long-run equilibrium. subsequently, a decrease in population decreases the demand for haircuts. In the short run, we expect that the market price will fall and the output of a typical firm will fall.
What is Long Run?A time frame known as the "long run" is one in which all cost and production components are erratic. Long Run cost adjustments are possible for businesses, although short Run pricing changes can only be influenced by changes in production levels. Even though a company can have a monopoly in the short term, they might anticipate competition in the long run. A long run is a period of time when a producer or manufacturer can be flexible with its production choices. On the basis of anticipated profits, businesses can either increase or decrease their production capacity, or enter or leave a certain industry. Long-term-focused businesses are aware that changing output levels won't bring supply and demand into equilibrium.
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on january 1, 2024, the allegheny corporation purchased equipment for $175,000. the estimated service life of the equipment is 10 years and the estimated residual value is $10,000. the equipment is expected to produce 240,000 units during its life. required: calculate depreciation for 2024 and 2025 using each of the following methods. 2. 150% declining balance.
Depreciation is the deterioration of a certain asset over time.2) 150% declining method = cost - salvage value × 150%/No. of useful life= 1,65,000 × 150%/10 = 1,65,000 × 15% = $24,750
A tangible product's cost can be spread out over the period of its expected lifetime using the accounting approach of depreciation. Depreciation indicates the extent to which an asset's worth has been expended. It enables companies to invest in commodities over a predetermined time period and profit from such assets.
Depreciation is sometimes misunderstood to signify a tax calculation or that something is just losing value. Depreciation, despite being a difficult topic, is crucial to your industry's tax returns.
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juan's job as a purchasing agent consists mostly of reordering basic supplies and component parts. which type of organizational purchase situation does this represent?
This represent straight rebuy organizational purchase situation.
When a customer frequently places the same order with the same supplier without any changes, it is known as a straight rebuy.
Such orders are occasionally placed by the purchasing department of a corporation to satisfy their manufacturing requirements.
In this instance, the business places an order from the same supplier for the same goods in the same amount.
Since direct rebuy situations occur frequently, the business spares itself the trouble of doing supplier, pricing, and product research.
Once a business is satisfied with the supplier they have picked, they fall into a purchase pattern that leads to immediate repurchase.
In a straight rebuy, the reorder specifications exactly match the last order's specs. This is a common occurrence, and both the supplier and the corporation anticipate the order.
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depletion can be compared to which of the following depreciation methods? a.double-declining-balance b.straight-line c.units-of-production d.none of these choices are correct
Depletion can be compared to Units-of-activity depreciation methods. Thus, c) option is correct.
What is the units-of-activity depreciation?
Unlike other typical techniques of depreciation, the units-of-activity method is unusual in that the useful life of the item being depreciated is not specified or estimated based on the passage of time (such as years). Depreciation is instead expressed and computed based on how the asset is used.
The cost of the asset (minus any salvage value) is allocated to the accounting periods based on the asset's usage (units generated, activity, etc.) during each of the accounting periods. This method is known as the units-of-activity method of depreciation. The units-of-production technique is another name for the units-of-activity approach of depreciation.
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a daily snapshot of key performance indicators and operating statistics is called lagging indicators. group of answer choices true false
A daily snapshot of key performance indicators and operating statistics is called lagging indicators is a false statement.
A set of data known as "operational statistics" describes the activities of a company, organization, or agency. Additionally, networking, institution, or tight control may be affected.
In order to constantly enhance strategic quality and effectiveness, a ratio analysis (BSC) is a managing product that includes evaluation on both company's internal procedures and external outcomes.
A daily snapshot of key performance indicators and operating statistics is called Balanced Scorecard and not the lagging indicators.
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