Compare tax rates in the united states versus other countries. what impact could these differences have on "keeping jobs at home

Answer:

$146,150.00

Explanation:

Net income is calculated after taxes.

Here,

Sales = $820,000.00

Less: Expenses = -$540,000.00

Gross profit = $280,000.00

Less: Financial Expenses

Interest = -$36,000.00

Depreciation = -$59,000.00

Net profit before tax = $185,000.00

Less: Tax at 21% of $185,000.00 = - $38,850.00

Net Income (after taxes) = $146,150

Net income is always determined after accounting for tax.

$146,150.00

23% decline.

This can be calculated by dividing 1,650,000 by 2,150,000, resulting in 0.7674. By multiplying this figure by 100, we arrive at 76.74%.

Yet, this represents the proportion that 1,650,000 constitutes of 2,150,000. Hence, we need to subtract this number from 100, yielding 23.26, or rounded to 23%.

Answer:

1. a. $950,000.
2. $150,000.
3. a. $1,115,000.
4. d. -$15,000.
5. b. the difference between what a person currently makes and what they would earn in their best alternative.

Explanation:

1. Chris's accounting costs

The accounting cost reflects the explicit expenses of the venture. They are the usual costs;

= Parts and materials needed for restoration + Salaries of employees + His salary + Rent along with utilities

= 400,000 + 360,000 + 110,000 + 80,000

= $‭950,000‬

2. Chris's accounting profits

= Revenue - Accounting cost

= 1,100,000 - 950,000

= $150,000

3. Chris's economic cost

These consist of explicit costs plus implicit (opportunity) costs.

The opportunity cost represents the next best option which amounts to $275,000 should he have taken the position with Jay Leno as a personal auto restorer.

This means forgoing the $110,000 he makes currently.

= Accounting cost + Foregone salary - Current salary

= 950,000 + 275,000  - 110,000

= $1,115,000

4. Chris's economic profit

= 1,100,000 - 1,115,000

= -$15,000

5. b. the difference between what a person currently makes and what they would earn in their best alternative.

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