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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)

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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Answer:

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1 year ago

Computing Depreciation and Accounting for a Change of Estimate Lambert Company acquired machinery costing $110,000 on January 2,

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Answer: please see answers in explanation column

Explanation:

a) Under straight-line method,

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(b) The double-declining method

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100% ÷ 6 years = 16.67%,

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(c) Given that in 2021 which is after 2 years, the revised estimated useful life becomes 7 years and the residual value is $10,000

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1 year ago

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Answer:

Intra-Industry Specialization

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Answer:

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2 years ago

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tiny-mole [99]

Answer:

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An Activity Rate for packing based on packing orders = 24000/ 2400= $ 10 per packing order

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1 year ago