The tax laibility as calculated is $1036.
<u>Explanation:</u>
a.) Carson earnings $14000
Less: the Standard deduction $12000
Taxable income $2000
Tax liability $200
b.) Carson earnings $14000
Qualified dividend income $5000
Gross income $19000
less: Standard deduction $12000
Taxable income $7000
Taxable income taxed at carson rate $2000
($7000 minus $5000)
Ordinary Tax $200
Kiddie Tax is calculated as follows:
Gross unearned income
unearned income $5000
Kiddie tax up to 2600 $260
Kiddie tax for over and above 2600 $576
$836
Total tax liability ($200 plus $836) $1036
If he chooses to live at home, the room and board fees are irrelevant.
$9,450 +
$2,680 +
$1,875 +
$930 =
14,935 - the $1,900 grant =
$13,035!!
Answer:
d. Design utilization is 66%.
Explanation:
If the clinic gave flu shots to 330 seniors over ten hours, that's an average of 33 seniors per hour, comparing to the design capacity and effective capicity gives:

Therefore, Design utilization is 66% and Effective utilization is 75% so the answer is D.
Answer:
1) What quantity should the firm order with each order?
the economic order quantity (EOQ) = √(2SD/H)
- S = cost per order = $8
- D = annual demand = 400 x 12 = 4,800
- H = holding cost per year = $4 x 50% = $2
EOQ = √[(2 x $8 x 4,800) / $2] = √38,400 = 195.96 ≈ 196 units
2) How many times per year will the firm order?
4,800 units / 196 units = 24.49 times
3) How many days will elapse between two consecutive orders?
240 working days / 24.49 times = 9.8 days
4) What is the reorder point if the firm carries a safety stock of 10 wheels
reorder point = (average daily unit sales x delivery lead time) + safety stock
- average daily unit sales = monthly demand / number of days worked per month = 400 / 20 = 20 units
- delivery lead time = 2 days
- safety stock = 10 units
reorder point = (20 units x 2) + 10 = 50 units
Answer:
How many minutes of grinding machine time would be required to satisfy demand for all four products = 97,620 minutes.
Explanation:
The minutes of grinding machine required to satisfy demand for all four products -
Grinding time of Product A = Grinding minutes per unit of Product A * Monthly demand in units of Product A
= 5.0 * 5,200 = 26,000
Grinding time of Product B = Grinding minutes per unit of Product B * Monthly demand in units of Product B
= 6.50 * 5,200 = 33,800
Grinding time of Product C = Grinding minutes per unit of Product C * Monthly demand in units of Product C
= 5.50 * 4,200 = 23,100
Grinding time of Product D = Grinding minutes per unit of Product D * Monthly demand in units of Product D
= 4.60 * 3,200 = 14,720
The minutes of grinding machine required to satisfy demand for all four products =
= 26,000 + 33,800 + 23,100 + 14,720
= 97,620 minutes.