answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
marishachu [46]
2 years ago
12

Adrianna works as a purchasing manager at a trading firm and earns a salary of $60,000. She has deductions of $3,000 and tax cre

dits of $5,000, and she pays an annual tax of $6,000. What is her annual disposable income?
Business
1 answer:
Musya8 [376]2 years ago
6 0

Adrianna's salary $60,000

She has deductions of $3,000

Tax credits of $5,000

Annual tax of $6,000

What is her annual disposable income?

To solve, subtract all the deductions or money leaving her salary and add the credits she receives yearly.

$60,000 - $3,000 = $67,000

$57,000 + $5,000 = $62,000

$62,000 - $6,000 = $56,000

Adrianna's annual disposable income is $56,000.

You might be interested in
Crane and Loon Corporations, two unrelated C corporations, have the following transactions for the current year: Click here to a
Marta_Voda [28]

Complete Question:

Crane and Loon Corporations, two unrelated calendar year C corporations, have the following transactions for the current year.

Crane,Loon

Gross Income: 180k, 300k

Expenses from operations: 100k, 230k

Div received: 100k, 230k

Compute the DRD for both companies

Solution:

DRD is a federal tax deduction for certain companies earning distributions from related entities in the United States. The amount of the dividend to be withheld from income tax by a corporation is related to how much it is owned in the business with the dividend.

Crane: 180k-255k+100k =25k-(100k*.5) = -25k so take 50k

Loon: 300k-310k+230k =220k-115.5k = 104.5+so good.

220.5k= 110k or 115k

Take lesser 110k

Crane DRD = 50k

Loon DRD = 110k

3 0
2 years ago
Granfield Company has a piece of manufacturing equipment with a book value of $44,000 and a remaining useful life of four years.
Troyanec [42]

Answer:

$26,000

Explanation:

The calculation of Net increase or decrease in income on replacement is shown below:-

Net savings in Variable cost for 4 years = Variable manufacturing costs × Life

= $19,800 × 4

= $79,200

Net Investment to be made in New machine = Initial investment of new machine - Traded in value of old machine

= $128,000 - $22,800

= $105,200

Net financial disadvantage of replacement = Net savings in Variable cost for 4 years - Net Investment to be made in New machine

= $79,200 - $105,200

= $26,000

So, for computing the net financial disadvantage of replacement we simply applied the above formula.

6 0
2 years ago
Ms. lee is enrolled in an ma-pd plan, but will be moving out of the plan's service area next month. she is worried that she will
Arturiano [62]

<span>The best advice to be given to Ms. Lee in regards to the scenario is that she has the eligibility for a SEP in which she could enrolled in before she could even move to the location where she would likely be residing to. With this plan, if she notified about moving earlier or in advance, the period will only last for about two months in addition.</span>

7 0
2 years ago
Read 2 more answers
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
You have calculated the pro forma net income for a new project to be $46,050. The incremental taxes are $22,540 and incremental
Delicious77 [7]

Answer:

The multiple choices are:

A) $46,050 B) $68,590 C) $85,190 D) $29,450 E) $62,650

Option E is the correct option,$62,650

Explanation:

The operating cash flow=net income+incremental depreciation

the operating cash flow=$46050+$16,600=$62650

The incremental taxes have already been factored into the computation of the net income, hence it is,it is expected that the depreciation would just be added to the net income in a bid to ascertain operating cash flow of the business

3 0
1 year ago
Other questions:
  • Bess wrote four checks last month, and these were the only transactions for her checking account. According to her check registe
    6·1 answer
  • Carmaker kia has used its 10-year/100,000 mile warranty program to improve consumer perceptions of the reliability of its vehicl
    7·2 answers
  • Abbey is responsible for monitoring the progress of an affirmative action program to advance minorities within ABC Corporation.
    7·1 answer
  • Farmer Corp. owned 20,000 shares of Eaton Corp. purchased in 2009 for $300,000. On December 15, 2012, Farmer declared a property
    14·1 answer
  • As a consultant to First Responder Inc., you have obtained the following data (dollars in millions). The company plans to pay ou
    9·1 answer
  • Classify each of the following costs as either​ unit-level, batch-level,​ product-level, or​ facility-level. a. Engineering cost
    9·1 answer
  • 1. All of the following are good financial savings strategies EXCEPT ___. (1 point)
    6·1 answer
  • Mo has a credit card that gives a 3% discount on every purchase. The annual percentage rate on the card is 12%. He is purchasing
    7·2 answers
  • Decker's is an all-equity financed chain of retail furniture stores. Furniture Fashions produces furniture and is the primary su
    6·2 answers
  • A city has built a bridge over a river and it decides to charge a toll to everyone who crosses. For one year, the city charges a
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!