Because businesses may invest for the future, countries profit from effective exporting. In general, an excessive exports does promote economic commerce and
How does a country gain from successfully exporting its goods?Future investment is possible for its enterprises. When a country exports its products, the importing nations pay the country money. The profits go to the businesses that make the products. In addition to the domestic market, the businesses have another place where they can offer their goods.
Consumers who may obtain goods and services at cheaper rates and in a wider variety—gains that come from both foreign-made goods and from comparable domestic goods that are now required to compete with imports on price or quality—are the direct beneficiaries of free trade.
By using tax incentives to entice foreign investment and spur technical innovation, special economic zones (SEZs) are often established in order to allow rapid economic expansion.
To learn more about excessive exports refer to
https://brainly.com/question/14564471
#SPJ4
When opening a print shop you need to buy printers, computers, furniture, and similar items. Economists call these expenditures
capital investment.
You must purchase printers, computers, furniture, and related supplies when operating a print shop. These expenses are referred to as capital investments by economists.
The acquisition of tangible assets by a firm for use in advancing its long-term business goals and objectives is known as capital investment. Assets obtained as capital investments include machinery, manufacturing facilities, and real estate.
When we talk about capital investment, we often mean committing money to a fixed capital expense in the hopes of earning returns that make up for the investment's inherent risk and the time delay before the money can be used for consumption. Capital investments include the following examples are land, buildings, computers, furniture, machinery, and other items.
The above question is incomplete, the complete question is:
When opening a print shop you need to buy printers, computers, furniture, and similar items. Economists call these expenditures
a. Capital Investment
b. Investment in human capital
c. Personal Saving
d. Business consumption expenditures.
Hence the correct option is A
To know more about Capital Investment here
https://brainly.com/question/14326854
#SPJ4
eleanor invested in hwajin stock when the company was unlevered. since then, hwajin has changed its capital structure and now has a debt-equity ratio of .42. to unlever her position, eleanor needs to:
Eleanor invested in hwajin stock when the company was unlevered. To unlever her position, eleanor needs to: sell 42 percent of her shares of Hwajin stock and lend out the sale proceeds.
A company , abbreviated as co., is a legal entity representing an association of humans, whether or not herbal, legal or a mixture of both, with a selected objective. corporation contributors percentage a not unusual reason and unite to obtain particular, declared dreams.
A business enterprise is a felony entity fashioned with the aid of a group of individuals to engage in and operate a business—business or commercial—corporation. A employer may be prepared in numerous ways for tax and monetary legal responsibility functions depending on the company regulation of its jurisdiction.
Learn more about company here:https://brainly.com/question/25818989
#SPJ4
the desired rate of return uses compound interest because . multiple choice question. compounding is required by federal law it assumes all cash inflows are reinvested at the same rate it is easier than using simple interest compound interest is more accurate
The desired rate of return uses compound interest because it assumes all the cash inflows are reinvested at the same rate that is option B is correct.
Compound Interest is the method in which the investor lend some money to the borrower at a certain rate known as interest rate and for a certain period of time known as interest period. The amount can be compounded annually, semi-annually, monthly, weekly and on a daily basis. The most important feature of compound interest is that the amount earned after a certain compounding period becomes the principle for the next compounding period that is the amount is reinvested at the same rate of interest. Thus, the investor is always in profit while compounding the money as compound interest as it gets increased and there are no chances of loss.
Learn more about Compound Interest at:
brainly.com/question/24274034
#SPJ4
Complete Question:
The desired rate of return uses compound interest because
A. compounding is required by federal law
B. it assumes all cash inflows are reinvested at the same rate
C. it is easier than using simple interest
D. compound interest is more accurate
Devin is tasked with a long-term goal of building his brand’s customer base. Which of these ad types can help build brand awareness by featuring a custom headline, logo, and set of products?Custom ads
Video ads
Sponsored Products
Sponsored Brands
Sponsored Brands are cost-per-click (CPC) advertisements that include your brand's logo, a unique headline, and numerous items.
Explain about the Advertisement?A public communication that promotes a good, service, brand, or event is commonly referred to as an advertisement, sometimes known as an advert or ad. Some people consider the word to include any paid communication intended to enlighten or influence, which is an even larger meaning.
A surefire way to reach an audience is through advertisements. Advertisements can have a direct impact on business if they are well-crafted and cost-effectively reach your target audience.
In order to advertise a good, service, or cause, advertising involves buying space. Ads, as in short for advertisements, are the real promotional messaging. Reaching those who are most likely to be prepared to pay for a company's goods or services and persuading them to do so is the aim of advertising.
To learn more about Sponsored Brands refer to:
https://brainly.com/question/28858931
#SPJ4
this photo shows a portion of the maine coast. the brown muddy area in the foreground is influenced by tidal currents. what term is applied to this muddy area? name the type of tidal current this area will experience in the hours to come.
Among the many charming Mid-Coast Maine towns are Boothbay Harbor, Camden, Rockport, and Rockland.
Where should I go on the coast of Maine?A remarkable journey is touring the Maine Coast. It takes time to view the entire Maine Coast because there is more shoreline than California (3,478 miles). With 17 million acres and 6,000 lakes and ponds, Maine's state territory is larger than the combined size of the other 5 New England states.We advise traveling the breathtakingly beautiful Maine Coast in segments, staying several nights in each town, due to its size and abundance of beach roads. Explore the peninsulas of this amazing coast by venturing off the usual path.Use I-95 (the Maine Turnpike) to drive from south to north rather than using Route One, is our advise for driving in Maine. Although parts of Route 1 seem to be on the coast, the Interstate is much faster.To Learn more About Coast Maine towns refer to:
https://brainly.com/question/19674717
#SPJ4
a and b enter into a contract. a few days later, they agree to discharge each other from the contract. what has occurred? multiple choice a mutual repeal a mutual rescission a substituted contract a novation
A and B enter into a contract. A few days later, they agree to discharge each other from the contract.
This is a situation of Mutual Rescission.
In contract law, rescission are an equitable remedy that allows contractual party to cancel the contract. Parties might rescind if they are the victims of a vitiating factor, like as misrepresentation, mistake, duress, or undue influence. Rescission is the unwinding of a transaction.
What are the two types of rescission?
There are two kinds of rescission, namely rescission in equity and rescission de future. Also referred to as rescission ab initio, that is from the beginning, rescission in equity works by rolling back the contract to the initial state of affairs, before the parties in question accepted the terms of the contract.
Learn more about Rescission here:- https://brainly.com/question/28250051
#SPJ4
a chain of grocery stores wants to increase its sales and market share. the processes in its information system should .
A chain of grocery stores wants to increase its sales and market share. the processes in its information system should. the steps for entering information into the system.
Marketplace percentage represents the percentage of an enterprise, or a marketplace's overall income, this is earned via a particular organization over a designated term. market proportion is calculated by taking the employer's income over the length and dividing it by using the overall income of the industry over the identical duration.
Marketplace percentage is calculated with the aid of dividing the employer's overall revenues by way of the entire sales of the entire enterprise in the course of a specific period of time. This indicator is used by data analysts and different specialists to evaluate the dimensions, or presence, of a business enterprise within a given industry.
Due to the fact marketplace percentage is a key indicator of market competitiveness, it enables executives to choose general market increase or decline, discover key traits in customer conduct and see their marketability and market possibility.
Learn more about Marketplace here:
https://brainly.com/question/26907021
#SPJ4
answer the question on the basis of the following information. number of workers total product marginal product 0 0 --- 1 8 8 2 10 3 25 4 30 5 3 6 34 when four workers are employed
The marginal product of the 4th worker is (A) 7½ or 7.5.
What is the marginal product?The marginal product or marginal physical productivity of an input in economics, particularly in neoclassical economics, is the change in output that results from using one extra unit of a certain input, given that the quantities of other inputs are maintained constant.
The total product value is divided by the difference in labor to determine the marginal product of labor.
An excellent illustration of the marginal output of labor is a restaurant kitchen.
Without cooks, the restaurant will produce nothing.
The restaurant may produce 10 meals more after hiring one cook, resulting in a positive MPL of 10.
So, the marginal product of the 4th worker:
Marginal product: Total product/Number of workers
Marginal product: 30/4
Marginal product: 7.5
Therefore, the marginal product of the 4th worker is (A) 7½ or 7.5.
Know more about the marginal product here:
https://brainly.com/question/14867207
#SPJ4
Complete question:
Answer the question on the basis of the following information.
(Refer to the chart attached below)
The marginal product of the fourth worker
A. 7½ or 7.5.
B. 7.
C. 5.
D. cannot be calculated from the information given.
what are the assumptions and predictions of the simple quantity theory of money? does the simple quantity theory of money predict well
The simple quantity theory of money assumes that velocity and output are constant. If these two assumptions are correct, then changes in the money supply and changes in prices have a strictly proportional relationship.
Explain the quantity theory of money.
According to the quantity theory of money, the general price level of goods and services is directly proportional to the amount of money in the economy, also identified as the money supply.
The simple quantity theory of money is the theory that assumes velocity (V) and real GDP (Q) are constant and predicts that changes in the money supply (M) lead to strictly proportional changes in the price level.
Therefore, in the simple quantity theory of money, credit money is always available. Money's velocity should not change.
Learn more about the simple quantity theory of money from the given link.
https://brainly.com/question/29342673
#SPJ4
on december 31 spearmint, incorporated, issued $450,000 of 9 percent, 3-year bonds for cash of $461,795. after recording the related entry, bonds payable had a balance of $450,000 and premium on bonds payable had a balance of $11,795. spearmint uses the straight-line bond amortization method. the first semiannual interest payment was made on june 30 of the next yearplete the necessary journal entry for june 30 by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
The official record of every company activity is a journal entry. A transaction is, in the broadest sense, any financial activity that has an impact on the firm.
The entries in the journal as of June
30 will result in a credit to the Cash Accounts and a debit to the Interest Expenses and Premium Accounts. Additionally, the Bond Ac, Premium on Bonds, and Proceeds Account will both be debited.
The following will be the journal entries for the specified accounting transaction in Spearmint Inc.'s books:
Interest expense Ac. Dr.
18,284.17
High-end Ac. Dr.
1,965,83
To cash account 20,250
Proceeds Ac. Dr
461,795
To Bonds Payable Upon Ac.
450,000
To Bond premiums are due to Ac.
11,795
The official record of every company activity is a journal entry. A transaction is, in the broadest sense, any financial activity that has an impact on the firm.
They encompass all exchanges involving the movement of money, including interest payments, depreciation, costs, and payroll. They encompass more than just the exchange of goods and services. Instead of being processed automatically like invoices or cash receipts are, general journal entries are manually entered into the general ledger.
To know more about Journal Entries visit:
https://brainly.com/question/29559520
#SPJ4
in the united states, under what rule or doctrine may targets take antitakeover actions that are reasonable and proportional to perceived threats to shareholder interests?
In the united states, under unocal standard rule or doctrine may targets take antitakeover actions that are reasonable and proportional to perceived threats to shareholder interests.
A shareholder is any individual, agency, or institution that owns shares in a employer's stock. A enterprise shareholder can maintain as low as one share. Shareholders are issue to capital profits (or losses) and/or dividend payments as residual claimants on a firm's earnings.
A shareholder of a enterprise is an man or woman or felony entity this is registered by means of the organization as the felony owner of shares of the share capital of a public or personal organisation. Shareholders can be referred to as contributors of a agency.
A shareholder is a person or institution that has invested cash in a corporation in trade for a “proportion” of the possession. That possession is represented by way of common or preferred stocks issued via the organization and held (i.e., owned) by the shareholder.
Learn more about shareholder here : https://brainly.com/question/28452798
#SPJ4
the long run demand curve for an item, such as delicatessen sandwiches, tends to be more elastic than the short run demand curve for the same item because longer periods of time give the consumer a greater chance to seek
The Above Statement Is True. For produced items, supply is typically more elastic over the long term than over the short term.
Which is true in terms of the elasticity of supply over the long and short terms? Given that it is generally believed that all production factors can be used to increase supply in the long run, supply is typically more elastic in the long run than in the short run for produced goods. In the short run, however, only labor can be increased, and even then, changes may be prohibitively expensive.The presence of suitable alternatives nearby.Any price increase on a product will be met with a significant decrease in demand as consumers migrate to alternatives if there are more substitutes available.This leads to a relationship between price elasticity of demand and the quantity of substitute products.For produced goods, supply is typically more elastic over the long term compared to the short term because it is generally believed that over the long term, all production factors can be used to increase supply, whereas over the short term, only labor can be increased and even then, changes may be prohibitively expensive.To learn more about demand curve refer
https://brainly.com/question/1139186
#SPJ4
new builders inc. enters into a contract with o'reilly to refurbish a garage on his property as an auto repair shop. o'reilly's neighbor pete challenges the project as a violation of the local zoning laws. a court orders a halt to the project. o'reilly's contract with new builders is
If New builders inc. enters into a contract with O'reilly to refurbish a garage and a court orders a halt to the project, O'reilly's contract with new builders is:
DischargedWhat does it mean to discharge a contract?To discharge a contract simply means to terminate such a contract. When a contract is discharged, it ceases to exist and the parties who are signatories to it will no longer be bound by the rules of the contract.
In the case described above, we can see that the court halted the project between the two construction firms. Since there is a court injunction to this effect, the contract ceases to exist and the parties will no longer be bound by any obligation to the contract.
So, the discharge of a contract is a term that is used to indicate the termination of a contract where the parties are no longer bound by the terms.
Learn more about a contract discharge here:
https://brainly.com/question/25789642
#SPJ1
g question content area calculation of value-added and non-value-added costs, activity volume and unused capacity variances rico company produces custom-made machine parts. rico recently has implemented an activity-based management (abm) system with the objective of reducing costs. rico has begun analyzing each activity to determine ways to increase its efficiency. setting up equipment was among the first group of activities to be carefully studied. the study revealed that setup hours was a good driver for the activity. during the last year, the company incurred fixed setup costs of $450,000 (salaries of 15 employees). the fixed costs provide a capacity of 22,500 hours (1,500 per employee at practical capacity). the setup activity was viewed as necessary, and the value-added standard was set at 1,500 hours. actual setup hours used in the most recent period were 21,270.
The actual cost for Rico company is $450000 as per the given capacity, setup and fixed cost
Standard price per hour is given by:
= Fixed setup cost/Capacity in hours
=$450,000/22,500 hours
= $20 per hour
Volume variance = Standard price per hour ×(Standard hours - Actual capacity hours)
=$20×(1500 -22500)
= $420000 unfavourable
Unused capacity variance =
Standard price ×(Actual capacity hours- Actual Setup hours)
= $20(22500 - 21270)
= $24600 Favorable
Value and non-value added cost report:
Setting up:
Value added = 20*1500 = $30,000
Non-value added = 20*(1500-22500)
= $420000
Actual
= 30000 + 420000 = $450000
Learn more about variance:
https://brainly.com/question/14116780
#SPJ4
How does the WTO encourage free trade?.
The basic objective of the WTO is to advance free trade by removing tariffs and other obstacles.
How can the WTO promote free trade?Lowering tariffs and other trade obstacles is the WTO's primary goal in promoting free trade.Through accords that the majority of trading nations in the world have negotiated and ratified, it accomplishes this.Following that, the WTO enforces these agreements to ensure that all countries follow the regulations.The WTO's approach reduces trade obstacles while also removing other barriers that exist between people and trading economies.The WTO was established with the intention of promoting fair and free trade through multilateral discussions and agreements, as well as mediating disputes between contending nations. Undoubtedly, one of the main goals of the WTO, as well as that of the GATT, which it succeeded, is to promote the removal of trade restrictions and other trade-distorting regulations to allow for more open commerce among member nations.
To learn more about WTO refer
https://brainly.com/question/10593734
#SPJ4
monopolistic competitors often hire a celebrity spokesperson to advertise their product. one explanation for why such advertising works is that:
The fact that a firm is willing to pay the large fees associated with celebrity advertising signals to consumers that it is a major company and that it is therefore likely to have a reliable product.
A customer is someone or a group who intends to order, or makes use of bought goods, merchandise, or services on the whole for private, social, circle of relatives, family and comparable needs, who isn't immediately related to entrepreneurial or enterprise sports. The term most generally refers to a person who purchases goods and offerings for private use.
Learn more about consumers here
https://brainly.com/question/380037
#SPJ4
shareholders generally have many right to manage the daily affairs of the corporation, including hiring and firing employees. true false
The above statement "shareholders generally have many right to manage the daily affairs of the corporation, including hiring and firing employees" is false.
A shareholder of a corporation is an individual or legal entity who is registered with the corporation as the legal owner of shares of a public or private corporation's share capital. Members of a corporation are shareholders.
A person or legal entity becomes a shareholder in a company when their name and other data are put in the corporation's register of shareholders or members, and unless required by law, the corporation is not obligated or authorized to inquire as to the beneficial ownership of the shares. A corporation cannot normally hold stock in itself.
To know more about Shareholder here-
https://brainly.com/question/19054394
#SPJ4
sudden changes in can affect the attractiveness of some types of assets over others, as well as the liquidity of an fis balance sheet.
Sudden changes in interest rates can affect the attractiveness of some types of assets over others, as well as the liquidity of an financial institution's balance sheet.
The Impact of Sudden Interest Rate Changes on Financial InstitutionsWhen interest rates change suddenly, it can have a major impact on financial institutions. For example, if rates go up, it can make it more difficult for people to get loans, and this can lead to a decrease in demand for the products and services that these institutions offer.
In addition, sudden changes in interest rates can also affect the liquidity of an institution's balance sheet. For example, if rates go up, it may become more difficult for an institution to borrow money, and this can impact its ability to meet its financial obligations.
Learn more about Finances:
https://brainly.com/question/26725354
#SPJ4
a manufacturer estimates its factory overhead costs to be $30,000 and machine hours to be 4,000 for the year. if the actual hours worked on production total 3,800 and the actual factory overhead costs are $28,000, what is the amount of the over- or underapplied factory overhead?
If a manufacturer estimates its factory overhead costs to be $30,000 and machine hours to be 4,000 for the year. The amount of the over- or underapplied factory overhead is :$500 overapplied.
How to find the over- or underapplied factory overhead?First step is to find the estimated overhead rate
Estimated overhead rate = 30,000/4,000
Estimated overhead rate = $7.5
Now let find the over- or underapplied factory overhead
Over- or underapplied factory overhead = ($7.5 x 3,800) -$28,000
Over- or underapplied factory overhead = $500 overapplied
Therefore the over- or underapplied factory overhead is $500 overapplied.
Learn more about over- or underapplied factory overhead here:https://brainly.com/question/28621451
#SPJ1
On the graph, demonstrate what happens in the short-run if the central bank increases the money supply. What happens to the aggregate price level when the central bank increases the money supply? There is not enough information. It increases. It decreases. It does not change. Interest rate Quantity of money
The thing that happens to the aggregate price level when the central bank increases the money supply is B. It increases.
What is money supply?The money supply is the total amount of money in circulation (cash, coins, and bank account balances). The money supply is typically defined as a collection of safe assets that households and businesses can use to make payments or hold as short-term investments.
Every dollar deposited into a bank account increases the bank's total reserves. The bank will keep some of it on hand as required reserves, but the excess reserves will be loaned out. When that loan is made, the money supply expands. Banks "create" money in this.
An increase in the money supply will increase aggregate demand for goods and services. In the long run, an increase in the money supply tends to raise the price level. A rise in the money supply may boost national output.
In conclusion, the correct option is B.
Learn more about money on:
https://brainly.com/question/3625390
#SPJ1
TRUE/FALSE d. if there is a subsidy of $1 per unit: find quantity bought/sold, consumer surplus, producer surplus, and deadweight loss
The loss of overall welfare or the social surplus as a result of factors such as taxes or subsidies, price ceilings or floors, externalities, and monopoly pricing is known as "deadweight loss."
What does the term "deadweight loss" mean?The cost of market inefficiency, which happens when supply and demand are out of balance, is known as a deadweight loss. Deadweight loss, a term mostly used in economics, refers to any deficit brought on by an ineffective resource allocation.
The deadweight loss of taxation is lower when either supply or demand are inelastic because the quantity bought or sold varies less in relation to price. There is no deadweight loss when there is perfect inelasticity. However, the amount of deadweight loss rises in direct proportion to the supply or demand elasticity.
The area of the triangle formed by the right edge of the grey tax income box, the initial supply curve, and the demand curve is the deadweight loss. The triangle has the name of Harberger's.
to learn more about deadweight loss refer to
https://brainly.com/question/26362939
#SPJ4
the following transactions were completed by hammond auto supply during january, which is the first month of this fiscal year. terms of sale are 2/10, n/30.
the following transactions were completed by Hammond auto supply during January, which is the first month of this fiscal year. terms of sale are 2/10, n/30.
A monetary transaction is a settlement, or verbal exchange, between a consumer and dealer to trade goods, services, or property for payment. Any transaction involves an alternate inside the status of the budget of or more businesses or people.[1] An economic transaction always involves one or greater economic assets, maximum usually money or every other valuable item which includes gold or silver.[2]
Learn more about transactions here
https://brainly.com/question/1016861
#SPJ4
boswell corp. has the following information in its financial statements: earnings before interest and taxes $20,000 common stock $40,000 tax expense $4,000 interest expense $5,000 additional paid-in capital $50,000 retained earnings $40,000 net income $11,000 what is the times interest earned ratio?
Given Boswell Corp. has the information about its financial statements:
Earnings before interest and taxes = 20000$
Common Stock = 40000$
Tax Expense = 4000$
Interest Expense = 5000$
Additional paid-in capital = 50000$
Retained Earnings = 40000$
Net Income = 11000$
The formula for Times interest earned ratio is:
(Net income + Tax Expense + Interest Expense) / Interest Expense
Times Interest Earned Ratio = (11000 + 4000 + 5000) / 5000
= 20000 / 5000 = 4.0
Therefore, the times' interest earned ratio is 4.
To learn more about the times' interest earned ratio:
https://brainly.com/question/29392533
#SPJ4
A great way to gain valuable experience in a field that interests you, even if you don‘t get paid for your time, is.
Even if you aren't compensated for your time, this is a fantastic way to gain useful experience in a field that interests you. volunteering.
What is experience?Experience refers to conscious events in general, and perceptions in particular, as well as the practical knowledge and familiarity produced by these conscious processes.
Gaining more knowledge and experience will help you compete for the few open employment if you have an interest in a field with a dim future. You might also want to think about seeking work in a related or comparable field. If you have the time and financial ability to do so, volunteering is a great way to gain experience in your field.
Therefore, A fantastic way to gain useful experience in a field that interests you. volunteering.
Learn more about the experience here:
https://brainly.com/question/11256472
#SPJ1
the determinants of price elasticity of demand generally include i. substitutability ii. time iii. proportion of income iv. luxuries versus necessities
The determinants of price elasticity of demand generally include substitutability.
Rate Elasticity of demand = % alternate in quantity Demanded / % alternate in the fee. for example, if the amount demanded for a product will increase by 15% in response to a ten% discount in fee, the price elasticity of the call for would be 15% / 10% = 1. five.
Call for an amazing is stated to be elastic whilst the pliancy is extra than one. a very good with an elasticity of −2 has elastic demand because the amount falls two times as a good deal as the charge growth; an elasticity of −zero.5 has an inelastic call because the amount reaction is half of the fee boom.
Price elasticity measures the responsiveness of the amount demanded or furnished of an awesome to trade in its fee. it is computed as the share exchange in the amount demanded—or provided—divided by the percentage change in rate.
Learn more about Price elasticity here:
https://brainly.com/question/15308590
#SPJ4
Eva received $60,000 in compensation payments from jazz corporation during 2022. Eva incurred $5,000 in business expenses relating to her work for jazz corporation jazz did not reimburse eva for any of these expenses. Eva is single and deducts a standard deduction of $12,950. Based on these facts, answer the following questions: use tax rate schedule for reference. Note: leave no answer blank. Enter zero if applicable. Round your intermediate and final answers to the nearest whole dollar amount. Required: assume that eva is considered to be an employee. What amount of fica taxes is she required to pay for the year? assume that eva is considered to be an employee. What is her regular income tax liability for the year? assume that eva is considered to be a self-employed contractor. What are her self-employment tax liability and additional medicare tax liability for the year? assume that eva is considered to be a self-employed contractor. What is her regular tax liability for the year?
a) If Eva is deemed an employee, she will be responsible for paying $4,590 in FICA taxes for the entire year.
b) Eva's ordinary income tax obligation for the year is $6,141 if she is assumed to be an employee.
c) Given that Extra Medicare is only levied if a single filer's income exceeds $200,000 and Eva is assumed to be a self-employed contractor, her self-employment tax due is $7,771. Her additional Medicare tax liability for the year is zero.
d) According to this scenario, Eva's regular tax obligation for the year is $3,466 if she is considered a self-employed contractor.
Tax liability is the sum subtracted from the individual's income. Every fiscal year, every person owes taxes to the government based on their tax brackets. It is calculated based on taxpayers' taxable income.
a)
However, FICA tax rates have stayed the same throughout the last few decades. Therefore, for a total FICA contribution of 15.3%, the employer and employee each contribute 7.65% of their income. You can multiply your gross pay by 7.65% to determine how much FICA tax you must pay.
So, For the employee portion of the income, FICA taxes are 7.65%.
FICA tax = $60,000 * .0765 = $4,590
b)
Income $60,000
Less: Standard Deduction -12,950
Taxable Income $47,050
Tax liability $6,141
Tax liability = $4,617.50 + ($47,050 - 40,125 at 22% over $40,125)
= $4,617.50 + ($6925 * .22)
= $4,617.50 + 1,523.50 = $6,141
Self-employment tax is 15.3% and consists of 1.45%+1.45% of both employee and employer Medicare tax and 6.20%+6.20% of both employee and employer Social Security tax.
c)
Self-employment income $7,771
Additional Medicare tax liability $0
Self-employment tax is 15.3% on 92.35% of self-employment income
Income $60,000
Less: Business expense -5,000
Net Income $55,000
92.35% of self-employment income ($55,000 * .9235) $50,792.5
Self-employment tax ($50,793 * .153 $7,771
Extra Medicare is only taxed if a single filer's income exceeds $200,000. An additional Medicare tax is levied at a rate of 0.9%.
d.
Income $60,000
Less: Business Expense -55,000
Net Income $55,000
Deduction for AGI (7.55% of 92.35% of AGI) -3,886
AGI 51,114
Less: Standard deduction -12,950
Gross Taxable income before QBI deduction 38,164
QBI deduction ($38,714 * .20 = $7,743) -7,633
Net taxable income 30,531
Tax liability 3466
WORKING NOTE:
The employer portion of the self-employment tax is 7.65%.
AGI deduction = $(55,000 * .9235) * .0765
AGI Deduction = $50,793 * .0765 = $3,886
Less than 20% of net self-employment income is deducted for QBI.
QBI Deduction = $38,714 * .20 = $7,633
Tax liability = $987.50 + ($30,531 - 9,875 at 12% over $9,875)
Tax Liability = $987.50 + ($20,656 * .12) = 987.50 + 2478.72
Tax Liability = $3,466.2 ≅ $3,466
To know more about Tax Liability, refer to this link:
https://brainly.com/question/9796424
#SPJ4
ultimate sportswear has $100,000 of 8% noncumulative, preferred stock outstanding. ultimate sportswear also has $500,000 of common stock outstanding. in the company's first year of operation, no dividends were paid. during the second year, the company paid cash dividends of $30,000. this dividend should be distributed as follows:
A dividend is a distribution of opportunity by a company to its shareholders. When a company get a profit or surplus, it is used to pay a portion of the profit as a dividend to shareholders. Any value that do not distributed is taken to be re-invested in the business.
Firstly we compute the amount of preferred dividend using this formula below:
Preferred Dividend formula = Par value * Rate of Dividend * Number of Preferred Stocks
Preferred Dividend formula = $100,000 x 8% = $8,000
Based on the scenario, we know that the total cash dividend that has been paid by a company is $30,000.
Then, the common stock dividends is calculate by this formula
The common stock dividends = Total dividends - Total preferred dividends
The common stock dividends = $30,000 - $8,000 = $22,000
Hence, the common stock dividends will be $22,000 and the preferred dividends will be $8,000.
Learn more about dividends at https://brainly.com/question/29510262
#SPJ4
marginal cost is equal to p3. b) marginal revenue is equal to p3. c) average total cost is equal to p6. d) average revenue is equal to p2.
A) The point at which marginal revenue and marginal cost are equal will be reached by a monopoly that is focused on increasing profits.
The price will then be set so that the quantity demanded at that price equals the output level that maximizes profits.
The definition of the various curves is the first step in answering this question:
A Curve: Curve B: The Demand Curve the Curve of Marginal Revenue
What does it mean to maximize profits?
Businesses go through the process of profit maximization to ensure that the best output and price levels are achieved in order to maximize returns. In order for the company to achieve its profit objectives, it makes adjustments to influential factors like the sale price, production costs, and output levels.
Learn more about Profit Maximization here:
https://brainly.com/question/13464288
#SPJ4
The development of sales goals and projected outcomes is part of which one of the following marketing activities?Select one:A. Sales fulfillmentB. Marketing planC. Market developmentD. Advertising and promotion
A component of the marketing plan is the creation of sales targets and anticipated results.
How would you define sales?A sale occurs when a buyer and a seller engage in a business transaction where the seller exchanges money for the sale of physical or intangible products , assets, or services .In a sale, there are at least two other parties. In broader terms, a sale or a contract between two or more parties, like the buyer and seller, can be considered.
What exactly do sales in company mean?Any transaction where money or value is transferred for the right to own an item or access to a service is referred to as a sale in regular commercial operations. Sales in an accounting context refers to a company's revenue from product sales.
To know more about sales visit :
https://brainly.com/question/29436143
#SPJ4
if you were stranded on a deserted island with only one method of investment analysis, which one would it be and why?
Obviously a knife! investment asked, more over half of our coworkers said they would always have a knife on hand. You would need to locate food, drink, and shelter as soon as you could if you were stranded on an island alone.
Look for rivers or streams that have drinkable fresh water. Drink dew or rainfall that has accumulated on shelter leaves if you are unable to find any. When you're investment on a desert island, staying hydrated is always your top priority. Finding water should be your top priority, unless it's rainy season. You will need to improvise if you can't find a water source and have only collected a few coconuts.
To learn more about investment, click here.
https://brainly.com/question/15353704
#SPJ4