Answer:
$2,46500
Explanation:
Self-employment Earnings are profits made from carrying on a "trade or business" as a sole proprietor, an independent contractor, or some form of partnership. For a trade or business, to be considered self employment, does not have to be profitable, and it shouldn't be a full time thing but profit must be your motive.
To calculate your self employment income Subtract ordinary and necessary trade or business expenses from the gross income you derived from your trade or business.
Note that, the amount subject to self-employment tax is 92.35% of your net earnings.
Remember you pay income tax on your profits only, not your total income. Subtract your business expenses from your total income. This is the amount you will pay income tax on.
For Karlie
HI taxable Self employment earnings = $85,000
HI Self employment tax = ($85,000 × 0.29)
= $24650
Hence the portion of her earnings subjected to two parts of security tax is #2,46500.
Answer: PED = -1.665
The price demand elasticity is relatively elastic because PED is greater than 1..(ignore the minus sign)
Explanation:
Using the formula PED = % change in quantity/ % change in price
PED = ((Q1 - Q0)/(Q1 + Q0))/((P1 -P0)/(P1+P0))...EQU 1 where Q1 = 50 is quantity of product at Price P1 =10 and Q0 = 25 is quantity of product at Price P0 = 15 and PED is price of elasticity
Substituting figures into equ1
PED = ((50 - 25)/(50+25)) /((10 -15)/(10+15))
PED = -1.665
Answer:
The question puts
Mean demand to be 20000
Standard deviation to be 10000
Storage cost = 60-30= 30
Excess cost to be 30+5-25 = 10
For shipping to south america
Excess cost = 30+5+5-35 = 5 dollars
A.
It is of more benefits to ship to south america because we have an excess cost of 5 dollars and excess clearance cost of 10 dollars
B.
Production and profitability are high for south america. Please check attachment for the calculations I added
C.
Number of units
27142-20000
= 7142 units.
Answer:
$17,867
Explanation:
The computation of the overhead cost assigned to Product V8 is shown below:
<u> (a) (b) (a × b) c (a × b × c) </u>
<u>Overhead Activity Overhead Driver ABC V8 V8 </u>
<u> driver amount quantity Rate Driver Overhead
</u>
Maching
Costs Machine
Hours $11,700 10000 1.17 3100 3627
Order
filling No of orders $17,800 1000 17.8 800 14240
Total V8 overhead cost assigned is
= $3,627 + $14,240
= $17,867
