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1 year ago

Which statement is TRUE regarding the 6-month time period after you graduate or otherwise leave from college?

Business

1 answer:

hodyreva [135]1 year ago

6 0

Answer:

The correct answer is letter "C": You don’t need to begin repaying your Federal student loans during this time.

Explanation:

While talking about federal student loans, the "grace period" refers to a time-frame of six (6) months after college students graduate or drop out of school not having completed half the career in which they are not obligated to make the payments of their student loan.

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Carlos Naturals manufactures bulk quantities of cleaning fluids. The company currently sells 700 containers a month at a sales p

alina1380 [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The company currently sells 700 containers a month at a sales price of $24 per unit. The addition of a new disinfectant will result in a sales price of $26 per unit for the improved product. It would cost a total of $4,000 per month to alter.

First, we need to calculate the current sales level:

Sales= 700*24= $16,800

Now, we can calculate the new income:

Sales= 700*26 - 4,000= $14,200

It is more convenient to not apply the disinfectant.

7 0

1 year ago

Rank the following three single taxpayers in order of the magnitude of taxable income (from lowest to highest). (First mean high

Firlakuza [10]

Answer:

Ahmed's ranking is Third (Lowest Taxable Income)

Baker's ranking is Second

Chin's ranking is First (Highest Taxable Income)

Explanation:

In order to determine the rankings, lets compute each taxpayer's taxable income by making the necessary deductions as applicable. Taxable income calculated for each taxpayer below in serial order. Before we calculate, lets have an idea of how deductions are made.

AGI is defined as the adjusted gross income which is calculated as an individual's gross income minus the expenses that qualify as deductible. These expenses include the likes of contributions to the IRA, payment of interest on student loans, alimony payments, contributions to self-employment insurance, moving expenses, some business related expenses pertaining to educators, artists etc, and some rental expenses associated with a business activity. Therefore, intuitively, we can see that a taxpayer with the highest amount of deductions for AGI would benefit the most when calculating taxable income.

Itemized deductions are expenses that a taxpayer can incorporate to lower their taxable income by reducing their adjusted gross income (AGI). These include certain medical expenses, markup on house loans and charities. Taxpayer's can chose between either opting to deduct itemized expenses or standard deductions which is a fixed deduction allowed under tax law. Obviously, a taxpayer would go for the deduction amount which is the highest. Standard deduction is $ 5,950. Therefore, among the taxpayer's, the one with the highest amount of itemized deductions would benefit the most.

Lets calculate taxable income now.

(1) Ahmed

Gross Income: 80,000

Less Deduction for AGI: (8,000)

Adjusted Gross Income: 72,000

Less higher of itemized deduction or standard deduction: (5,950)

Taxable Income: 66,050

(2) Baker:

Gross Income: 80,000

Less Deduction for AGI: (4,000)

Adjusted Gross Income: 76,000

Less higher of itemized deduction or standard deduction: (5,950)

Taxable Income: 70,050

(3) Chin:

Gross Income: 80,000

Less Deduction for AGI: (0)

Adjust Gross Income: 80,000

Less higher of itemized deduction of standard deduction: (8,000)

Taxable Income: 72,000

As we can see from the above, since Ahmed has the highest deductions for AGI he has the lowed adjusted gross income. He can then take use of the fact that he can deduct a standard deduction of 5,950 (while not having any itemized deductions) to further lower his taxable income.

Chin did not have an deductions for AGI which made his taxable income the highest.

Note: Taxpayers can also deduct personal and dependency deductions but these have been excluded in the context of the question based on the assumption that these deductions have either not been made or would be equal for all three taxpayers. The answer would not be affected in either case.

5 0

1 year ago

Speed, size, and strength are thought to be important factors in football performance. The article "Physical and Performance Cha

Ilia_Sergeevich [38]

Answer:

Explanation:

H0: mean of sample=105

Ha: mean of sampe≠ 105

t-statistic= (population mean-sample mean)/(standard deviation/√sample size)

t-statistic= (105-103.3)/(16.3/√33)

t-statistic= 0.5991

degress of freedom= 32

for alpha 0.05, p-value from t-distributino table is 1.697

since t-statistic is less than the p-value, null hypothesis is accepted.

There is no sufficient evidence to conclude that the mean weight for non-top-20 starters is less than 105 the known value for top-20 teams

4 0

1 year ago

A streaming music site changed its format to focus on previously unreleased music from rising artists. the site manager now want

pishuonlain [190]

Answer : The p-value of 0.0743 is greater than alpha at 0.05; so we fail to reject the null hypothesis and conclude that there is no significant difference in the number of unique users before and after a change in policy.

In this question, the manager wants to know if the number of users has changed.

So, the null and alternate hypotheses are:

Null Hypothesis: ${H_{0}}: \mu = 131,520$

Alternate Hypothesis : ${H_{1}}: \mu \not\equiv 131,520$

Type of test : Two-tailed test

The level of significance is 95%

We can calculate alpha (α) as follows:

$\alpha = 1- Confidence Level$

$\alpha = 1- 0.95$
$\alpha = 0.05$

The p value = 0.0743.

We use the following rules to arrive at a conclusion when p-values and alpha is given:

If $p-value < \alpha$ , reject the null hypothesis

If $p-value \geq \alpha$ , we don't reject the null hypothesis.

Since the p-value is greater than alpha, we don't reject the null hypothesis.

4 0

2 years ago

The earned income credit: a.Must be calculated on earned income as well as adjusted gross income in some cases. b.Is available o

melomori [17]

Answer:

Option A: Must be calculated on earned income as well as adjusted gross income in some cases

Explanation:

Earned Income Credit also abbreviated to EIC is known to be a refundable tax credit. It is usually for qualified (low-income) taxpayers who have earned income such as wages.

Earned income are simply wages, self-employment income, and eligible disability pay.

The reason/purpose of the Earned Income Credit is to limit or reduce the tax burden on working families with lower earned income.

7 0

1 year ago