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elena55
1 month 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:
Katen [2.8K]1 month ago
4 0

Response:

$1,263.75

Clarification:

If yearly income is $8,425 and the tax rate stands at 15%,

The annual tax will be 15% of $8,425

=15/100 x $8425

=0.15 x 8,425

=$1,263.75

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Assume Chester Corp. is downsizing the size of their workforce by 20% (to the nearest person) next year from various strategic i
harina [3164]

Answer:

$311,100

Explanation:

Solution

Let's remember the following details:

The assumption is that Chester Corp has reduced its workforce by = %

The estimated cost of exit interviews = 100

Normal separation expenses = $5000

Now,

The total number of employees = 305

The reduction in workforce = 20%

So,

The number of employees being laid off = 305 x 20% = 61 individuals

Thus,

The separation expense per employee = $5000

Cost for exit interviews = $100

Total expense per individual = $5,100

Now,

The overall separation cost = 61 individuals x total separation cost per employee

That is,

= 61 x 5100 = $311,100

3 0
1 month ago
Jenna works at the grocery store and earns $9 an hour. She is busy with extracurricular activities and only works 20 hours durin
Nady [2919]

Answer:

ingresos/anualmente - costos/anualmente - impuestos = ganancias

Explanation:

20 horas/semana en un año tiene 4 semanas; 20*52=1040 horas/año

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$9/hora de ingresos

$1000 costos fijos

$1500 en viajes

20% de impuestos

1040+96= 1136 horas/año

1136*9= 10224 $/año en ingresos totales

10224-1000-1500=7724 ganancias antes de intereses e impuestos

7724*(1-0.20)=6179.20 ganancias netas

7 0
28 days ago
Suppose your expenses for this term are as follows: tuition: $10,000, room and board: $6,000, books and other educational suppli
soldi70 [3122]
Opportunity cost is defined as the loss incurred when one chooses one alternative over another.

In this scenario, the forgone option is full-time work along with other costs associated with that period when opting for schooling instead. Room and board expenses remain constant whether attending school or working full time, thus these are not factored in. Earnings from part-time work during school are deducted as they would have been earned during full-time employment.

Thus;
Opportunity cost = $20,000+$10,000+$1,000-$8,000 = $23,000
6 0
7 days ago
Which of these is an example of delayed purchasing?
Mariulka [3135]
A case of delayed purchasing occurs when you're billed for a hot tub over 39 weeks while receiving the hot tub immediately. This resembles a car loan where you pay for the vehicle over time but can drive it home right after purchase. Therefore, the right answer is B. 
4 0
11 days ago
Read 2 more answers
Ben is assigned by his employer to improve an ultrasonic range-finding device. While working on the improvement, he recognizes t
soldi70 [3122]

Answer:

1. He has yet to advance the concept

2. His boss is aware of his pacifist beliefs, so Ben faces the dilemma of whether it is ethically sound to create a product potentially usable for warfare.

Explanation:

In this case, Ben has entered into a contract with his employer stating that all concepts he formulates during his employment are owned by the company.

Such agreements are standard practice and grant companies rights over the innovations created by their staff.

Despite this, Ben's pacifism presents an ethical conflict as he contemplates an idea that might turn an ultrasonic range-finding device into a weapon.

He defends his stance by asserting that no development on this idea has occurred and believes his employer will not press him to work on such technology given his pacifist views.

7 0
9 days ago
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