Christopher is a self-employed cash-method, calendar-year taxpayer, and he made the following cash payments related to his business this year. Calculate the after-tax cost of each payment assuming Christopher has a 37 percent marginal tax rate. a) $500 fine for speeding while traveling to a client meeting. b) $800 of interest on a short-term loan incurred in September and repaid in November. Half of the loan proceeds was used immediately to pay salaries and the other half was invested in municipal bonds until November. c) $600 for office supplies in May of this year. He used half of the supplies this year and he will use the remaining half by February of next year.

Answers

Answer 1

Answer:

A. $500

B. $696

C. $378

Explanation:

Calculation to determine the after-tax cost of each payment

A. Based on the information given the AFTER-TAX COST will be $500 reason been that it is NOT DEDUCTIBLE based on the fact that fines and penalties does not provide a tax break

B. After-tax cost=$800 * [1-(0.5*0.37)]

After-tax cost=$800*(1-0.13)

After-tax cost=$800*0.87

After-tax cost=$696

Therefore After-tax cost is $696 reason been that HALF OF THE INTEREST will NOT be DEDUCTIBLE reason been that it was used to obtain NON-TAXABLE INCOME

C. After-tax cost=$600 * (1 - 0.37)

After-tax cost=$600*0.63

After-tax cost=$378

Therefore the After-tax cost is $378


Related Questions

give four basic functions of the government​

Answers

the 4 functions of government are:

1.maintain and make laws

2.raise taxes

3.protect environment

4.national defence

Answer:

listening to the citizens before making decisions .Helping in the development activities .making suitable rules and regulations for the country .Providing citizenship cards to the every citizens of the country .

hope it is helpful to you

The amount of xylene that can be used in household paint is legally limited to 0.03 percent. Anything beyond this amount is hazardous to health and the environment, and considered a legal offense. Consequently, CW Paints Corp. has vouched to make its products as safe as possible. Therefore, it manufactures xylene-free paints even though this increases its costs and reduces the dividends paid to its shareholders in the long run. Which of the following responsibilities is CW Paints Corp. primarily compromising in this scenario?
A) legal responsibilities toward the government
B) economic responsibilities toward its shareholders
C) philanthropic responsibilities toward the local community
D) ethical responsibilities toward the society

Answers

Answer: B) economic responsibilities toward its shareholders

Explanation:

The primary purpose of a company is to maximize shareholder wealth. This means that it is to pursue strategy that would ensure the maximum return to its shareholders. This is also known as its economic responsibility towards shareholders.

Producing xylene-free paints reduces the dividends that are going to shareholders so it would seem that shareholder wealth is not being maximized and they are not getting the maximum return they could get so the company is violating its economic responsibilities towards shareholders. It is for a good cause though.


What country have a sand​

Answers

america, portugal, and brazil

As part of the initial investment, Ray Blake contributes equipment that had originally cost $97,300 and on which accumulated depreciation of $72,975 has been recorded. If similar equipment would cost $140,300 to replace and the partners agree on a valuation of $48,800 for the contributed equipment, what amount should be debited to the equipment account

Answers

Answer:

$48,800

Explanation:

the computation of the amount that should be debited to  the equipment account is as follows:

Given that

The cost of an equipment is $97,300

the accumulated depreciation is $72,975

The replacement cost is $140,300

And, the valuation of the equipment is $48,800

So based on the above information, the amount that should be debited is equivalent to the valuation of the equipment i.e. $48,800

A felon planned to break into the rental storage unit next to his that contained valuable electronic equipment. He went to a hardware store to purchase a crowbar. The proprietor sold him the crowbar even though he told her that he needed it to break into someone's storage unit. After the purchase, the felon went to the storage facility with his friend. The felon told the friend that he had lost the key to his storage unit and did not have time to contact the facility's manager, so they needed to break into the unit to get his equipment. Because the felon had a bad back, the friend pried open the door with the crowbar and carried the equipment out to the car. A silent alarm was triggered and the pair were apprehended shortly after leaving the facility. Can the proprietor and the friend be convicted as accomplices to larceny

Answers

Answer:

Yes.

The proprietor and the friend were accessories to the crime.  They could have prevented it, but they did nothing.  The friend even participated actively in the robbery.

Explanation:

In criminal law, an accessory to a crime refers to a person who knowingly and voluntarily participates in the commission of a crime, for example, breaking rental storage. They can be categorized as before the crime (the proprietor who sold the crossbar) or after the commission of the crime (the friend that facilitated the robbery).  Accessories to a crime need not be actually present at the scene of the robbery to be held liable for this crime.

Bil Tarnofsky makes the following statement: 'We must become more flexible if we are to meet our personnel needs and maximize efficiency. In the past, we simply hired as many full-time employees as we thought we needed. But this focus has caused us to lose many valuable employees. We should offer flextime and job sharing options to help us keep and attract talented employees. "Margaret Robin responds by saying "Alternatives to traditional job design approaches can lead to significant cost savings. Next year we are expected to have 500 more employees than our current facility allows, but my analysis reveals that 600 of our employees could telecommute. Therefore, we can avoid costly actions such as moving our offices or building extensions if these workers became telecommuters, job sharing can also reduce facility costs as well as payroll costs. Tamnofsky and Robin would be most likely to disagree about which of the following questions?
A. Would telecommuting likely lead to cost savings?
B. Does the organization have a moral obligation to offer flextime and job sharing options?
C. If offering a job sharing option would not reduce costs, should the organization still offer it?
D. Would the organization be better able to keep valuable employees if it offered flextime and job sharing options?
E. Are any other organizational structure decisions important for the future of the organization?

Answers

Answer:

C. If offering a job sharing option would not reduce costs, should the organization offer it?

Explanation:

The statement Bil Tarnofsky makes is focused on retaining talented employees and attract new talented employees, by offering flextime and job sharing options

The statement Margaret Robin responds with is the use of alternative job design, such as telecommuting could achieve higher cost savings from the need to accommodate the 500 more employees, by moving the offices and expanding the buildings, in the coming year

Tamnofsky and Robin would be most likely to disagree on the different focus of their statements which are; If offering a job sharing option would not reduce costs, should the organization offer it?

Which of the following claims best indicates the policy that the United States government followed toward business during World War I Group of answer choices a.) The government busted more trusts during the war years than in the preceding dozen years. b.) The government believed that the war for democracy would be won by showing the world that private industry could do the job without regulation, the true American way. c.) The government imposed many new regulations on business and industry but supervised them with a minimum of bureaucracy. d.) The government nationalized the railroads and created five thousand government agencies to supervise home-front activities.

Answers

Answer: d.) The government nationalized the railroads and created five thousand government agencies to supervise home-front activities.

Explanation:

When the United States entered WW1 in 1917, the government knew that the only way to provide the resources needed to win the war was the centralize production so as to provide a coordinated effort across both the public and private sectors.

In light of this, the government introduced several measures such as the nationalization of the railroads. Congress also approved the creation of 5,000 temporary government agencies to help the war effort at home and provide jobs for between 500,000 to 1 million people.

Which of the following will increase the money supply? Question 17 options: an increase in the discount rate (relative to the federal funds rate) a decrease in the required reserve ratio an open market sale by the Fed a and c b and c

Answers

Answer:

a decrease in the required reserve ratio

Explanation:

The Federal Reserve utilises various strategies to control money supply to the economy. Money supply is the amount of money that is held by by the public in an economy.

The various methods used by the Federal Reserve to regulate money supply includes discount rate, reserve ratio, and open market operations.

Money supply will increase when the reserve ratio for commercial banks is decreased. This means less of their funds is required to be witheld from the public.

On the other hand an open market sale will mop up the cash in the economy, and an increase in discount rate (rate of lending to banks) will also cause a decrease in money supply.

Name any FIVE causes of stress in the workplace​

Answers

Answer:

Causes of stress in the workplace are:

a)Long hours.

b)Heavy workload.

c)Changes within the organisation.

d)Tight deadlines.

e)Changes to duties.

f)Job insecurity.

Select all that apply The three-step analysis to determine cash provided or used by investing activities includes: Multiple select question. identifying changes in investing-related accounts reporting the cash flow effects explaining the changes using T-accounts and reconstructed entries identifying changes in cash accounts

Answers

Answer:

identifying changes in investing-related accounts

reporting the cash flow effects

explaining the changes using T-accounts and reconstructed entries

Explanation:

In analysing cash flows in a business there are 3 types of cash flow: from operating activities, from investing activities, and from financing activities.

Cash flow from investing activities involves cash used for various investments over a particular period.

This can include purchase of property, equipment, acquisition of other businesses, and investment in marketable securities.

The three-step analysis to determine cash for investing activities includes:

- monitoring changes that occurs in investment related accounts

- reporting of cash flow as it relates to investment

- use of T accounts and reconstructed entries to explain changes in cash flow

A government spends money in order to:
O A. make sure government programs can function properly.
B. influence which products will be available to U.S. consumers.
C. prevent foreign businesses from competing with U.S. companies.
O D. decide what each employee at a U.S. company will be paid. SUBMIT​

Answers

Answer:

A. make sure government programs can function properly.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

The different types of tax include the following;

1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.

2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.

3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.

The main reason for government spending such as building public schools, power supply, water, development of infrastructures, etc., is to ensure and facilitate the proper functioning of all government programs.

Hence, the government of a particular country is saddled with the responsibility of spending on basic projects or programs so as to create a sustainable, growing and efficient economy for its citizens.

Angela is the president and majority shareholder of Calypso Corporation, a publicly traded company. Angela recently purchased (without the knowledge of other shareholders) a vacation home for her family and vehicles for her children under the name of the corporation. The children are not employees of Calypso. In a lawsuit brought against Calypso, the court disregarded the corporate entity because it

Answers

Answer: Comingled the assets of the business with that of the shareholders.

Explanation:

Normally, the shareholders of a company are protected by the limited liability clause which limits any liability they might incur from a business to the amount that they put into the business.

There are times however, when the Courts would remove this protection clause and one of those times is if the shareholders of the business mix their personal assets with that of the company.

This is what happened here so the Court would be in the right to remove the Corporate entity clause that protects shareholder liability and hold Angela directly responsible.

Assume two economies are identical in every way except that one has a higher saving rate. According to the Solow growth model, in the steady state the country with the higher saving rate will have ______ level of output per person and ______ rate of growth of output per worker as/than the country with the lower saving rate. A. the same; the same B. the same; a higher C. a higher; the same D. a higher; a higher

Answers

Answer:

a higher; the same

Explanation:

Solow's law attempts to explain how long term productivity is affected by capital accumulation and population growth.

As population increases the steady state of capital per person decreases.

However when the rate of savings is high in the economy there will be a larger capital stock and higher output in the long run.

If the economies are identical as is stated above the the rate of growth of output per worker will be the same.

Yuto owns a souvenir shop in Tokyo. He wants to reach English speaking tourists in his city during certain hours of the day. Which three areas of his Search campaign does Yuto need to adjust to achieve this goal? (Choose three.) Select All Correct Responses Location targeting Ad scheduling

Answers

Answer: Ad scheduling, location targeting and language targeting

Explanation:

These are the three things Yuto should consider for his souvenir store in Tokyo;

1) Ad scheduling: this would be described as having a program where Ads are carried out. This is arranging all Ads especially for various sector of product and for various days.

2) Location targeting; this is having an idea of your target market and maximizing meetings with them, ensuring that you are heard or seen by various means of communication.

3) Language targeting; this is trying to reach out to those who speak a particular language by speaking same language with them inorder to promote your product.

Clearwater Electronics is planning to open an office in Shanghai , China , and the HR department has been asked to benchmark the compensation practices of other multinational organizations in the region . Why is benchmarking a first good step to developing a compensation and benefits plan to attract and retain nes employees who will contribute to the organization ?

Answers

Answer: Benchmarking will ensure that salary and benefit decisions are made on solid data. This information will aid and influence the cost management of the organization.

Explanation:

Benchmarking simply refers to how companies compare their performance metrics and processes to that of other companies in the industry .

Through benchmarking, the organization can collect information of other companies, which will be important in developing a good compensation and benefits plan for the employees.

what are some choices you have made/could make that would influence your future choices and options?

i rly need someone's help asap, thanks in advance! (not business, it's career ed. just chose the subject closest to it).​

Answers

Answer:

I would have good company.

I would ensure that I have good communication skills.

I would have a mentor in my choice of career/study or life in general.

I would have a personal relationship with God.

Explanation:

In order for me to influence my future choices positively,I have to uphold certain principles or values like honesty,open mindedness and tolerance so as to achieve my goals.

When planning a trip to Spain, Brett and his wife, both Americans, were concerned about how much they could afford to spend in Europe because sometimes the U.S. dollar will buy more goods and sometimes it will buy less, based on changing economic conditions. The ________ rate is the rate at which the currency of one area or country can be exchanged for the currency of another's. Group of answer choices transaction dividend exchange international fluctuation

Answers

Answer: Exchange

Explanation:

There are different currencies in the world used by different countries. We still need to trade with each other however so there must be a way for us to use our money to buy a good in a country with another currency.

We can do so by exchanging currency at a certain rate known as the exchange rate which is the rate that we can change a unit of one currency to another currency. This rate reflects the relative demand and supply factors of the various currencies such that one currency will be stronger or weaker than the other.

how to calculate for opening bank balance​

Answers

Answer:

The opening balance is the amount of money that is available in the bank at the beginning of each financial period, such as the start of each month or each year. It is the amount brought forward and first figure entered in the account at the beginning of each period. When the amount is newly opened, the opening balance is the first amount entered in the account

Therefore, the opening balance is the difference between the closing balance and the deposit less the withdrawals within a period

Closing Balance = The Opening Balance + Total Income - Total Expense

Therefore;

The Opening Balance = Closing Balance - Total Income + Total Expense

Explanation:

a. is borrowed money invested in start-up businesses and provided by the Small Business Administration b. includes all the money the owner of the business invests in his or her new enterprise c. is financing obtained from investment firms that specialize in financing small, high-growth companies d. is another name for the principal which a business borrows from a bank e. gives the investor no voice in how the company in which he or she has invested will operate

Answers

Complete Question:

Venture capital:

Answer:

c. is financing obtained from investment firms that specialize in financing small, high-growth companies.

Explanation:

Venture capital can be defined as a form of financing through which an investor provide capital for small, early-stage and high-growth companies in exchange for an equity stake or partial ownership of the company.

This ultimately implies that, venture capital is a type of financing obtained from investment firms that mainly specialize in providing finance for small, high-growth companies. Also, these small, high-growth companies or businesses are typically owned by individuals or a small group of people.

In conclusion, venture capital involves making capital investment in a small business with high growth potential in exchange for partial ownership or an equity stake in the business.

Mary Smith is considering investing in 30 year Corporate Bonds issued by Duke Energy Company. She knows that she will earn an interest rate of 8% by purchasing these bonds. However, she is concerned because she might need to take her money out of this investment in a year, and she has heard that she might have to sell the bonds at a significantly lower price than she will purchase them for. What type of risk is Mary concerned about

Answers

Answer:

Mary Smith is concerned about systematic risk.

Explanation:

Systematic risk refers to the ongoing risk caused by a combination of factors, including the economy, geopolitical issues, corporate health, and others.  It covers the impact on the overall market and includes systemic risks that are peculiar to an industry.  Systemic risk will only impact the market for Corporate Bonds.  But, Mary's concern shows that other factors might combine, causing her to require her money back after a year.

Juan spends all of his income on baseball cards and candy. At his current consumption bundle, the marginal utility of baseball cards is 20 and the marginal utility of candy is 10. If the price of baseball cards is $10, and the price of candy is $2, Group of answer choices Juan should consume equal amounts of baseball cards and candy. Juan is maximizing his utility, and he should continue to consume the current bundle. Juan should increase his consumption of candy and decrease his consumption of baseball cards. Juan should increase his consumption of baseball cards and decrease his consumption of candy.

Answers

Answer:

Juan should increase his consumption of candy and decrease his consumption of baseball cards.

Explanation:

Given that

The baseball cards marginal  utility is 20

And the candy marginal utility is 10.

Now If the baseball cards price is $10,

and the candy price is $2

So if we divide the marginal utility with the price so it will come 2 for baseball card and 5 for candy so the consumption of the candy should be increased while on the other hand the consumption of the baseball card should be decreased

Christopher is a licensed sales agent sponsored by Coastal Realty in Corpus Christi, Texas. Jose has been a real estate broker in Playa del Carmen, Mexico, for five years. In that time, Mexico has not required any kind of license or registration to engage in brokerage activity. Christopher has clients interested in purchasing property on the Gulf Coast of Mexico. Christopher has referred his clients to Jose. Can Christopher accept compensation from Jose for referring his clients to Jose

Answers

Answer:

Yes.

Explanation:

Christopher can accept referring fee from Jose for clients referred to him but he should disclosed this fee as referring fee since he is a licensed agent. Jose may or may not disclose referral fee paid by him since he is not registered sales agent and Mexico does not require any kind of license for brokerage activity.

Why would a manager begin the evaluation process by asking the individual to evaluate his or her contributions to the project?

Answers

Answer:

To determine the employee's strengths and weaknesses

Explanation:

The reason a manager would begin the evaluation process of an employee by asking the individual to evaluate his or her contributions to the project is "to determine the employee's strengths and weaknesses"

This is a form of self-assessment to the employee. Hence, it allows the employer to let the employee know his current abilities and proficiency without the need for an appraiser or biased judgment.

For example, the self-assessment will include questions like "what are my strengths"

Robertson Inc. prepares its financial statements according to International Financial Reporting Standards (IFRS). At the end of its 2021 fiscal year, the company chooses to revalue its equipment. The equipment cost $540,000, had accumulated depreciation of $240,000 at the end of the year after recording annual depreciation, and had a fair value of $330,000. After the revaluation, the accumulated depreciation account will have a balance of:

Answers

Answer:

$264,000

Explanation:

Calculation to determine what the accumulated depreciation account will have a balance of:

$240,000 x ($330,000/300,000) = $264,000

Therefore , the accumulated depreciation account will have a balance of:$264,000

Does it matter how much money you make in your career?

Answers

Yeah it will matter because that’s what you will use in the future whenever you are grown up

Answer:

Yes,it does matter how much money you make in your career

Checkable and debitable accounts in commercial banks and other financial institutions are classified as money because A. they sometimes earn an interest income for the depositor. B. banks hold currency in their vaults equal to the value of demand deposits. C. they are not liabilities of the banks. D. they are generally acceptable in the payment of debt.

Answers

Answer:

The answer is D.

Explanation:

Option D. They are generally acceptable in the payment of debt is correct. Checkable and Debitable are very liquid as they can be easily convertible to money. That is, it is indirectly like money.

Option B is wrong as it is not related to the question atal.

Option C is wrong because all customers' deposit are the liabilities of the banks.

Staind, Inc., has 7.5 percent coupon bonds on the market that have 10 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 8.75 percent, what is the current bond price?

Answers

Answer:

Explanation:

Assuming the face value of the bond = $1000. Interest = 1000*7.5% = $75

Current Price = Interest * PVAF (10 years, 8.75%) + Maturity Value * PVF (8.75%, 10 Years)

Current Price = $75 * 6.4889 + $1000*0.4322

Current Price = $486.67 + $432.20

Current Price = $918.87

So, the current bond price is $918.87

Mineral-rich Democratic Republic of the Congo is one of the world's most important sources of uranium. It also is a source of copper, tin, diamonds (mainly industrial), gold, cobalt, and zinc. Agricultural products include palm oil and kernels, cottonseed, rubber, cotton, coffee, peanuts, sweet potatoes and yams, and cassava. How many cotton products does Democratic Republic of the Congo produce

Answers

Answer: Two

Explanation:

According to the paragraph above, the DRC produces both cotton and cottonseed. Both of these are cotton products. First the cotton that surrounds the seed is removed by the process of ginning and then processed for clothing.

Then the cottonseed can also be processed to extract the oil contained in it. This oil can be used to make candles, cosmetics and insecticide. After the oil is extracted, the seed can then be used to feed livestock.

The Brown family's dinner bill was 75 89 and they lert 1000 as a tip. What percent was the tip?
ON
138

Answers

Answer:

Percentage of tip = 13.18% (Approx.)

Explanation:

Given:

Total amount of dinner bill = 7,589

Amount of tip = 1,000

Find:

Percentage of tip

Computation:

Percentage of tip = [Amount of tip / Total amount of dinner bill]100

Percentage of tip = [1,000 / 7,589]100

Percentage of tip = [1,000 / 7,589]100

Percentage of tip = [0.131769]100

Percentage of tip = 13.1769

Percentage of tip = 13.18% (Approx.)

can someone help? it's accounting !​

Answers

Answer: i cant see

Explanation:

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For 4 weeks Paula and her sister looked for seashells on the beach. In the first week Paula collected 50 seashells and her sister found 60. After that, they each found 10 more than the previous week. How many seashells they found altogether? How are environment and development interrelated?explain in brief. Can someone Please help meeee Monopoly in the competitive environment a. is enjoyed by few organizations as sole suppliers of a good or service. b. is typical of public utilities -- even more so now than twenty years ago. c. cannot be achieved temporarily even through the use of patents and similar legal devices. d. is the logical extension of a firm's control of its production and labor resources. e. is, all in all, the most common type of competition in the U.S. market. Emma wants to buy a new cell phone. She commits to saving 10% of the costeach month. Let p be the percent she has saved after m months. Why were the ancient Egyptians able to farm in the desert?A) They grew crops that did not need much water.B) The Nile River fertilized the soil along its banks.C) The pharaohs used slave labor to carry water down from the mountains.D) They got water out of cactus and other large plants in the desert. Despite the reports Columbus gave Ferdinand and Isabella of finding great riches, he mostly foundtimber and wool.plants and animals.salt and hawks bells.wine and glass beads. Which of the following pieces of evidence would best support the argument that humans are more evolutionarily related to fish than they are to insects? (1 point) The early stages of embryo development in fish and humans look strikingly similar while insects develop very differently compared to both fish and humans, O All these organisms require oxygen to survive. O The earliest fish fossils are found in the lowest strata of sedimentary rocks, followed by insects, and then humans. O Fossils of ancient fish and human ancestors have been discovered in the same sedimentary rock layers. A municipal electrical utility charges customers a $15 per month fee plus 12 cents per kilowatt-hour of energy used. Write an equation for a customer's monthly costs, C (in dollars) for electric service as a function of x, the kilowatt-hours used. Which rhetorical appeal is used in the text, One of the worst cases was a young mother of two who was diagnosed with early stage skin cancer?logos, an appeal based on logicethos, an appeal based on the authors characterpathos, an appeal based on emotionno rhetorical appeal is used An author published a book which was being sold online. The first month the author sold 14400 books, but the sales were declining steadily at 5% each month. If this trend continues, how many total books would the author have sold over the first 23 months, to the nearest whole number? solve for x and y in the system of equationy=x-4x2x-y=2I'll mark brainliest Who are famous for their spider-web fishing nets? To make punishment more effective, it should be 44.7When Xavier places his hands near a light bulb, he notices that certain areas around the light bulb are warmer thanothers. Which best explains this?The areas to the sides of the light bulb are warmest because of conduction,O The areas to the sides of the light bulb are warmest because of convection,The area directly above the light bulb is warmest because of conduction,The area directly above the light bulb is warmest because of convection.Save and ExitSubmitMark this and retumNex I need help on this please! What are the possible gametes (sperms) that would be produced from a male carrying balanced translocation between chromosomes 11 and 22, if it occurs in 2:2 Segregation: adjacent segregation If i left Raleigh at 9:30 am and drove and drove 6 1/2 hours what time would it be What are the domain and range of the function f(x)=-3(x-5)2 +4?domain: (-00, 5)range: (-00,00)domain: (-0,4]range: -00,00)domain: (-0,5]range:(-0,4]O domain: (-0,00)range: (-0,4] President Roosevelt and members of his administration gave speeches thatwarned of Japan's rising power in the Pacific. What was the point of thesespeeches?O The administration used the speeches to make a case for going to war.O The speeches made the case that Japan was greater threat than Germany.o The speeches gave Americans hope that diplomatic relations would help theUnited States avoid war with Japan.O The administration used these speeches to explain military strategy, if and whenthe United States went to war.