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galben [10]
1 year ago
8

Annie is self-employed and has $58,000 in income from her business. She also has investments that generated dividends of $3,000

and interest of $2,500. What is Annie’s self-employment tax for the year?
Business
1 answer:
8090 [49]1 year ago
7 0
First, you need to know the self-employment taxes:
The self-employment tax is 92.35%
Social security tax is 12.4% and Medicare tax is 2.9% = (15.3%)

Dividends and interest are not a part of the income.

58000 * 92.35% *15.3% 
Turn the percentages into decimal form in order to multiply. You can do this by moving the decimals over twice or dividing each percentage by 100. 

58000*.9235 * .153 = $8,195.

Annie's self-employment tax for the year is $8,195. 
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Owen is looking to sell his guitar for nothing less than $60. Suppose Shannon offers him $100, although she was willing to pay u
AnnZ [28]

Answer:

The total value created is $70

Explanation:

In this scenario, the total value created is the total monetary benefit of a consumer and a producer with respect to the sale of a product. It therefore, is the sum of the consumer surplus and producer surplus. It is calculated as follows:

Consumer surplus = consumer's willing price - market price = 130 - 100 = $30

Producer surplus = market price - producer's willing price = 100 - 60 = $40

Therefore, total value created = 40 + 30 = $70

7 0
2 years ago
ABC Manufacturing uses a Kanban system for a component. The daily demand is 800 units. Each container has a combined waiting and
Rashid [163]

Answer:

6 (rounded up to the nearest whole number)

Explanation:

Number of kaban= Daily demand*lead time in days * ( 1 + safety stock)/quantity in a container

= 800*0.34* (1+9/100)/50

272 * 1.09/50

272* 0.0218

=5.9296

=6 ( nearest whole number)

4 0
1 year ago
NoFly Corporation sells three different models of a mosquito "zapper." Model A12 sells for $60 and has variable costs of $43. Mo
Lunna [17]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Model A12:

selling price=  $60

variable cost= $43

Model B22:

selling price= $111

variable costs= $79

Model C124:

selling price= $402

variable costs= $309.

Sales mix:

A12= 60%

B22= 27%

C124= 13%.

Fixed costs= $225,789

First, we need to calculate the break-even point in units for the company as a whole:

Break-even point (units)= Total fixed costs / Weighted average contribution margin ratio

Weighted average contribution margin ratio= (weighted average selling price - weighted average unitary variable cost)

Weighted average contribution margin ratio= (0.6*60 + 0.27*111 + 0.13*402) - (0.6*43 + 0.27*79 + 0.13*309)

Weighted average contribution margin ratio= 30.93

Break-even point (units)= 225,789/30.93

Break-even point (units)= 7,300 units

Now, for each product:

Sales mix:

A12= 0.6*7,300= 4,380

B22= 0.27*7,300= 1,971

C124= 0.13*7,300= 949

5 0
2 years ago
The bonus rates for each salesperson are determined by sales amounts using the following scale:__________.
Mariana [72]

Answer:

=IF(C5>35000,IF(C5>25000<35000,IF(C5<25000,0.05*C5),0.04*C5),0.02*C5)

Explanation:

The formula to be placed in cell C8 is provided below :

=IF(C5>35000,IF(C5>25000<35000,IF(C5<25000,0.05*C5),0.04*C5),0.02*C5)

The cell will calculate the bonus according to the given data, the given data is placed in the cell using IF formula. The formula starts with = and then writing IF then applying all the terms.

7 0
2 years ago
Leslie is charged with determining which small projects should be funded. Along with this assignment, she has been granted the u
Andru [333]

Answer:

The answer is: Leslie should fund projects A and C

Explanation:

In order to determine if a project should be accepted, the first thing Leslie has to do is determine the projects´ Net Present Value (NPV). If the NPV is 0 or more, then the projects could be funded.  

The formula to calculate NPV is:

             NPV = ∑{p/( 1+r)t} - C

  • p = net cash flows from the period
  • r = discount rate (8.5% in this case)
  • t = number of periods
  • c = capital invested

<u>Project A:</u>

p = $4000;$4000;$4000

r = 8.5%

t = 3

c = $7,500

The NPV for Project A is $2,716.09

<u>Project B:</u>

p = $3000;$4000;$3000

r = 8.5%

t = 3

c = $8,000

The NPV for Project B is $511.52

<u>Project C:</u>

p = $0;$2,500

r = 8.5%

t = 2

c = $2,000

The NPV for Project C is $123.64

Once you calculate the NPVs from projects A,B and C you must determine how to distribute the $15,000 available. All three projects have positive NPVs, so they are profitable. But you can´t fund projects A and B since their combined costs ($7,500 + $8,000 = $15,500) exceeds $15,000. Leslie should invest in project A since its NPV is higher ($2,716.09 ˃ $511.52). She should also fund project C since its NPV is positive ($123.64) and the capital needed is smaller (only $2,000).

                     

7 0
2 years ago
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