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Suppose that the payroll tax for unemployment insurance taxes all wages up to $90,000 per worker at a flat rate of 5%. What are the marginal and average tax rates on wages for each of the following workers?
a. A restaurant worker with annual wages of $30,000?
b. An assistant bank manager with wages of $100,000?
c. A corporate CEO with an annual salary of $500,000?
Using the high low method, evaluate utility costs. In addition, evaluate the variable costs per unit and total fixed costs. and evaluate the breakeven point in number of oil changes and sales dollars.
The revenue recognition principle dictates that revenue should be recognized in the accounting records and the income statement and balance sheet columns of Pine Company's worksheet reflects
Homestead jeans co. has an annual plant capacity of 65,000 units, and current production is 45,000 units. Monthly fixed costs are 54,000 and variable costs are $29 per unit. prepare a differential analysis on whether to reject or accept the dawkins o..
Within the relevant range: variable cost per unit decreases as production decreases. fixed cost per unit increases as production decreases. variable cost per unit increases as production decreases. fixed cost per unit decreases as production decrease..
Meloon Lawn Supply Company uses a multicolumn purchases journal and a general journal similar to those illustrated in the text. The company also maintains an accounts payable subsidiary ledger. The items below represent the company’s credit transacti..
What is the importance of the turnover of Accounts Receivables? Why is it is essential for organizations to keep cash reserves on hands? Is it possible to still bring in a lot of revenue, but still be short on cash?
Accounts Payable decreased by $14,000, and Accrued Liabilities decreased by $1,700. Use the indirect method to determine net cash flows from operating activities.
Nature's Garden, a new restaurant situated on a busy highway in Pomona, California, specializes in a chef's salad selling for $7. Daily fixed costs are $1,500, and variable costs are $4 per meal. With a capacity of 800 meals per day, the restaurant s..
Identify by number the accounting assumption or principle that is described below. Do not use a number more than once and Is the rationale for why plant assets are not reported at liquidation value.
What is the effect on net income if sales is increased by 1500 units.
compute the annual rate of return for the cash discountscash discounts roicalculate the appropriate annual rate of
On april 30, 2014 Titan purchased machinery for $88,000. The useful life of this machinery is estimated at 8 years, with an $8,000 residual value.
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