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Butoxors [25]
1 year ago
6

Imagine that you earned $8,425 in one year. If the government enforces a 15% income tax, how much money would you owe in taxes a

t the end of the year? Show your work. (5 points)
Business
1 answer:
wlad13 [49]1 year ago
4 0

Answer:

$1, 263. 75

Explanation:

If annual income is  $8,425 and the tax rate is 15%,

Annual Tax would be 15% of $8,425

=15/100 x $ 8425

=0.15 x 8, 425

=$1, 263.75

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Mila is at a flea market. She has $50 in her wallet. She decides that she will spend $15 on jewelry, $20 on a pair of jeans, $5
timama [110]
What are the choices? A trade off in this situation would be where she takes money out of her other budgets to put toward this one, for example, if she took 3 dollars out of her jewelry budget and put those 3 dollars into her t-shirt budget to buy the 8 dollar shirt. 
6 0
1 year ago
A townhouse is purchased for $475,000. If the transfer tax is $2.00 on the first $1,000. and $0.10 for each additional $100., ho
masya89 [10]

Based on the information given the amount of the transfer taxes is $476.

Using this formula

Total transfer tax=[(Purchased price+ First transfer tax)×(Additional tax)]+Transfer tax

Let plug in the formula

Total transfer tax=[($475,000-$1,000)×($0.10/$100)]+$2

Total transfer tax = ([$474,000 x .001] + $2)

Total transfer tax=$474+$2

Total transfer tax=$476

Inconclusion the amount of the transfer taxes is $476.

Learn more here:brainly.com/question/17122829

5 0
1 year ago
Micro, Inc., started the year with net fixed assets of $75,675. At the end of the year, there was $97,225 in the same account, a
BabaBlast [244]

Answer:

the net capital spending for the year is $35,105

Explanation:

The computation of the net capital spending for the year is given below:

Closing Balance $97,225

Add: Depreciation $13,555

Less: Opening Balance -$75,675

Assets Purchased $35,105

Hence the net capital spending for the year is $35,105

3 0
1 year ago
Consider the following situations for Shocker:
Delicious77 [7]

Answer:

a.

Cash $4,500 (debit)

Deferred Revenue $4,500 (credit)

b.

Prepaid Advertising $2,700 (debit)

Cash $2,700 (credit)

c.

Salaries Expense $8,000 (debit)

Salaries Accrued $8,000 (credit)

d.

J1

Cash $70,000 (debit)

Note Payable $70,000 (credit)

J2

Interest Expense $2,100 (debit)

Note Payable $2,100 (credit)

Explanation:

a.

Recognize Cash and Deferred Revenue

b.

Recognize Asset - Prepaid Advertising and De-recognize Cash

c.

Recognize Salaries Expense and Recognize Salaries Accrued Liability

d.

J1

Recognize Cash Asset and Recognize Liability - Note Payable

J2

Recognize Interest income accrued on the Note Payable during September to December.

5 0
2 years ago
Match the following theories to their best descriptive statements: A. Cost benefit analysis for finding the best possible result
mariarad [96]

Answer:

A-1 B-3 C-4 D-2

Explanation:

The description given in option A fits utilitarianism which is an ethical term describing a decision where the best outcome for the largest possible number of people is considered the solution.

The description given in option B fits social contract which desribes accepting the authority of the state and deciding on basic principles so that the society can exist.

The description given in option C fits virtue ethics which is a field of ethics that discusses virtues such as honesty.

The description given in option D fits deontology which is an ethical theory that suggests that each action should be examined if it is good or bad by following certain rules.

I hope this answer helps.

7 0
1 year ago
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