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leonid [27]
2 years ago
7

Mr. Porter’s gross pay is $90,000 per year. He files taxes as head of a household, and his income tax percentage is 20%, so that

is withheld from his paycheck. When he files his taxes, he owes $16,800 after deductions. Which of the following is true?
Mr. Porter will owe $1,200 in federal taxes.
Mr. Porter will owe $351 in federal taxes.
Mr. Porter will get a refund of $1,200.
Mr. Porter will get a refund of $351.
Business
1 answer:
Klio2033 [76]2 years ago
8 0

Answer:

mr. Porter will get a refund of $1,200

Explanation:

google

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The Valenti Company uses flexible budgeting for cost control. Valenti produced 10,800 units of product during October, incurring
Alex Ar [27]

Answer:

$500 favorable

Explanation:

Given;

Number of units produced  = 10,800 units

Actual indirect material costs = $13,000

Reflected indirect material costs for 144,000 units  = $180,000

Now,

Per unit reflected indirect material costs = $180,000 ÷ 144,000

= $1.25 per unit

Therefore,

Budgeted indirect material cost for actual units produced

= $1.25 × 10,800

= $13,500

since,

the budgeted cost for indirect material cost for actual units produced is more than the actual indirect material cost, therefore

the indirect material costs in October is favorable

amount = Budgeted cost - Actual cost

= $13,500 - $13,000 = $500 favorable

5 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
Stock repurchase The following financial data on the Bond Recording Company are
Vilka [71]

Answer:

a. 19,048

b. 2.1

c. $21

d. Before $2

After $2.1

e. Explanation of tax implication is below

Explanation:

a. Number of shares  = Dividend per share × Number of shares outstanding ÷ cost per share

= 1 × 400,000 ÷ $21

= 19,048

b. Earning per share after repurchase = earnings ÷ (shares before-shares outstanding)

= $800,000 ÷ (400,000-19,048)

= 2.1

c. Market Price = Earning per share  Price × Earning

= 2.1 × 10

= $21

d. Earning per share before = Earnings ÷ Before shares

= $800,000 ÷ 400,000

= $2

Earning per share after repurchase = $2.1

After share repurchase  the earning per share has increased.

e) Price increased 21 dollars in share repurchased. The price remain constant in dividend payout the amount but additional 1 dollar in dividend the investors gains. If dividend is lesser than tax on capital gain then it will become drawback over collect dividend and vice versa.

4 0
1 year ago
Maria, age 28, wants to pay no more than $300 a year in life insurance. What is the face value of the largest 20-year term polic
VMariaS [17]

Answer:

Explanation:

Net Cost of Life Insurance Premium : Life insurance policy entails Premium to be paid by the insured at a monthly / quarterly interval. insured often gets dividend from the insurance company and in that case, the net cost of premium will be low

The 20 years premium can be calculated with Annual Premium which is not given in the question, therefore i will solve for all the option but please pick the answer that the Annual premium is with you

a)   20 years premium = Annual Premium x Number of years

                                     = 11700 x 20

                                    = 234,000

b)   20 years premium = Annual Premium x Number of years

                                     = 7900 x 20

                                    = 158,000

c)  20 years premium = Annual Premium x Number of years

                                     = 550 x 20

                                    = 11,000

d)  20 years premium = Annual Premium x Number of years

                                     = 28350 x 20

                                    = 567,000

7 0
1 year ago
Mark is a senior manager at a leather manufacturing company. He sets unrealistic goals for the factory workers, and he often mak
crimeas [40]

Answer:

The authority compliance style

Explanation:

The authority compliance style is one of the Blake / Mouton leadership grips where the manager believes that the employees are just a form of means to achieving a goal . As a result of this , the set goals are given more priority over the employees.

Employees under this managerial form of leadership are not motivated as they are forced to work towards achieving the managers goals with in a very stringent condition.

8 0
2 years ago
Read 2 more answers
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