Breaking News
Home / Tag Archives: taxes

# Tag Archives: taxes

## Gagner clinic purchases land for \$175,000 cash. the clinic assumes \$1,500 in property taxes due on the land. the title and attorney fees totaled \$1,000. the clinic has the land graded for \$2,200. what amount does gagner clinic record as the cost for the land?

If the clinic “assumes” property taxes, it should mean the property taxes were for a past period, so it counts as part of the cost.  If the property taxes are for a period after the transaction, it does not count as part of the cost.  Finally if property taxes straddle …

## A company is setting its direct materials and direct labor standards for its leading product. Direct material costs from the supplier areâ€‹ \$7 per squareâ€‹ foot, net of purchase discount.â€‹ Freight-in amounts toâ€‹ \$0.10 per square foot. Basic wages of the assembly line personnel areâ€‹ \$19 per hour. Payroll taxes are approximatelyâ€‹ 25% of wages. How much is the direct labor cost standard perâ€‹ hour

The formula for calculating the direct labor standard is: Direct labor standard = Basic wages + Payroll tax or Direct labor standard = Basic wages + 25% of Basic wages   Substituting the given values into the equation: Direct labor standard = \$19 + 0.25 * \$19 Direct labor standard …

## What was the cause of the brief recession in the United States in 1918 and 1919? A) the flood of refugees from war-torn Europe B) a cut in income taxes C) a decrease in the labor pool D) the change from wartime to peacetime production

the cause of the brief recession in the United States in 1918 and 1919 was: D) the change from wartime to peacetime production Before entering this time period, a large portion of united states’  production was focused on war machines, weapons, and supplies to accommodate world war I. After the …

## The property taxes on a house that Alan owns and rents out to have increased. to balance his monthly budget, he decides to increase his talents rent by \$10 per month. he will use extra money to pay his property tax. in this scenario, what type of tax do his tenants pay?

The property taxes on a house that Alan owns and rents out to have increased. to balance his monthly budget, he decides to increase his talents rent by \$10 per month. he will use extra money to pay his property tax. in this scenario, what type of tax do his …

## What best describes tactics used by the Arab Empire when it captured a region? A) The conquerors used Visigoth mercenaries to maintain order. B) The conquerors forced the populace to convert Islam. C) The conquerors used the region's existing leaders as governors to collect taxes. D) The conquerors forced the populace to convert to Orthodox Christianity

What best describes tactics used by the Arab Empire when it captured a region? A) The conquerors used Visigoth mercenaries to maintain order. B) The conquerors forced the populace to convert Islam. C) The conquerors used the region’s existing leaders as governors to collect taxes. D) The conquerors forced the …

## Which act by the British government caused the american colonists to write the declaration of independence and separate from great Britain? A) the destruction of a ship containing a load of British tea. B) the killing of several colonists by a group of British soldiers. C) the outlawing of slavery in all the american colonies. D) the requirement that the colonists pay taxes on British goods.

The right answer is “D) the requirement that the colonists pay taxes on British goods.” The historic event known as the Boston Tea Party occurred on December 16, 1773 in the city of the same name, in the United States. The action was a protest carried out by the settlers …

## Jason corporation has invested in a machine that cost \$75,000, that has a useful life of fifteen years, and that has no salvage value at the end of its useful life. the machine is being depreciated by the straight-line method, based on its useful life. it will have a payback period of six years. given these data, the simple rate of return on the machine is closest to: (ignore income taxes in this problem.)

We can solve this problem by first calculating the annual net cash inflow. This can be solved by remembering that: Payback period = Initial investment / Annual net cash inflow 6 years = \$75,000 / Annual net cash inflow Therefore, Annual net cash inflow = \$12,500   Next, we calculate …

## A company is setting its direct materials and direct labor standards for its leading product. basic wages of the assembly line personnel are \$19 per hour. payroll taxes are approximately 23% of wages. how much is the direct labor cost standard per hour? (round your answer to the nearest cent.)

A company is setting its direct materials and direct labor standards for its leading product. basic wages of the assembly line personnel are \$19 per hour. payroll taxes are approximately 23% of wages. how much is the direct labor cost standard per hour? (round your answer to the nearest cent.)

## What was the purpose of Hoover’s Reconstruction Finance Corporation? a)to raise taxes on foreign imports b)to open soup kitchens and bread lines c)to provide loans and resources to businesses d)to give direct aid to Americans

The correct answer is – alms. The alms is the pillar that is referring to giving to the poor and needy. It is practiced by lots of Muslims, and it is considered as an act of solidarity towards the followers of the faith that are in dire need of it. …

## Property taxes are based on where a property is located. who lives on a property. how much a property is worth. when a property was purchased.

Property taxes are based on where a property is located. who lives on a property. how much a property is worth. when a property was purchased.

## An important part of the free enterprise system is the belief that _____. government regulation of industry is necessary to protect the interests of consumers imposing high taxes on companies helps businesses privately owned companies should not have to compete with each other for business individuals acting in their own interest may also serve the interests of others

The main points of critic about the international aid for Africa are: – makes the countries dependent on the aid and discourage the societies and governments to develop own industry or agriculture – create incentive and opportunity for corruption among those who distribute the aid  An alternative could be the free trade …

## What gives the US government the power to collect taxes? the Constitution laws passed by Congress an executive order common law

What gives the US government the power to collect taxes? the Constitution laws passed by Congress an executive order common law

## What was the main effect of poll taxes and literacy test put in place in the south at the end of the 19th century

Here are the following effects of loose money and tight money policies on the actions being listed. A. A loose money policy is usually implemented as an effort to encourage economic growth. This can lead to inflation when uncontrolled. The effects are: 1. Borrowing becomes easy 2. Consumer buys more 3. Since …

## The Articles of Confederation gave the national government the power to impose taxes. issue money. enforce state borders. control state governments.

The Articles of Confederation gave the national government the power to impose taxes. issue money. enforce state borders. control state governments.

## An employee earned \$45,200 during the year working for an employer when the maximum limit for social security was \$117,000. the fica tax rate for social security is 6.2% and the fica tax rate for medicare is 1.45%. the employee’s annual fica taxes amount is:

Employee                                 Mary      Zoe         Greg         Ann           Tom Cumulative Pay                       …

## Congress could not impose or collect taxes Congress could not regulate interstate commerce or foreign trade There was no executive branch to enforce the laws of Congress This list of notes would be MOST useful to a student writing a research paper about A) the ineffectiveness and weakness of American government under the Articles of Confederation. B) the factors behind the unrest and violence that occurred in Shay’s Rebellion and the Whiskey Rebellion. C) the reasons for the Anti-federalists’ demand for the inclusion of the Bill of Rights in the U.S. Constitution. D) the emergence of political division and the eventual creation of the “two-party” system in American government.

Answer: C) Nations begin to rely on each other for things they cannot produce themselves. Explanation: Globalization can lead to interdependence among nations. One of the most common ways in which this happens is through free trade. When two countries trade, they exchange goods and services. If the relationship is …

## 1). A tax that takes higher proportion from a low-income person than a rich person is known as a/an __ tax? a). proportional b). regressive c). progressive d). estate 2). Which of the following is an external factor that helps create the business cycle? a). Government spending b).Consumer spending c). Bad weather d). Psychological factors 4). Which of the following is an advantage of investing in a mutual fund? a). Guaranteed profit b). No risk c). Investments are made in only one company d). Professional management 6). A characteristic of a natural monopoly is that a). adding businesses in competition would increase cost to the consumer b). the firm is supported by the consumer and voted into existence by the voters c). the firm is dedicated to the use of natural resources d). there’s no government intervention in the market 7). How could the government fight inflation? a). raise taxes b). lower taxes c). add more unemployment insurance d). increase spending 12). A merger between a company and one of its suppliers is known as a ___ merger? a). vertical b). supply c). demand d). horizontal 15). A tax levied on inherited money is known as a/an __ tax? a). excise b). sales c). estate d). death 19). Each worker doing a small part of the overall manufacturing process is known as? a). specialization b). interchangeable parts c). automation d). appreciation 20). Which of the following is a reason for the growth of federal government spending? a). less demand for services b). growing population c). shrinking population d). deflation Please I Need Help Only With These…..

The Contribution Margin per unit (CM) can be calculated from the difference of Selling Price per unit (SP) and Total Expenses per unit (TE).   First, let’s calculate the value of SP: SP = Sales / Units sold SP = \$1,043,400 / 22,200 units sold SP = \$47   Second, …

## Which of the following statements best describes the relationship between federal and state income taxes? a. State income tax is based on your annual income while federal income tax is generally a specific percentage of state. b. Federal income tax is based on your annual income while state income tax is generally a specific percentage of federal. c. Federal income tax is based on your annual income while state income tax is determined by the number of children the taxpayer has d. There is no relationship between federal and state income taxes. They are calculated indepedently from one another.

Answer:  The correct option is (C). 10 = square root of the quantity of x minus 8 all squared plus y minus 9 all squared Step-by-step explanation:  Given that the segment AB has point A located at (8, 9). The distance from A to B is 10 units. We are …

## Net income isâ ________. a. the cash flow from the operations of the company during the period. b. not cash flow. c. the increase or decrease in cash flow for the period. d. earnings before interest and taxes.

Depreciation=(equipment cost-salvage value)/useful life Depreciation=(16,950−4,200)÷6=2,125 per year Book value after 3 years=16,950−2,125×3=10,575 Now find the amount of depreciation to be charged against the equipment during each of the remaining years of its useful lifeDepreciation=(equipment cost-salvage value)/useful life Depreciation=(10,575−1,695)÷3=2,960

## 45 000 a year is how much a month after taxes

Employee                                 Mary      Zoe         Greg         Ann           Tom Cumulative Pay                       …

## How is the national debt affected by the national budget? A. The debt decreases as the government prints money. B. The debt decreases when spending is greater than taxes. C. The debt increases every year that there is a budget deficit. D. The debt increases when the budget is balanced.

How is the national debt affected by the national budget? A. The debt decreases as the government prints money. B. The debt decreases when spending is greater than taxes. C. The debt increases every year that there is a budget deficit. D. The debt increases when the budget is balanced.

## You are a member of Congress and your aide reports that unemployment continues to rise. You are due to report to the floor to vote on several bills. To address unemployment, you vote for the proposed bill that aims to A. increase spending on grants for small businesses B. increase taxes on large corporations C. regulate unemployment offices D. regulate cell phone towers

You are a member of Congress and your aide reports that unemployment continues to rise. You are due to report to the floor to vote on several bills. To address unemployment, you vote for the proposed bill that aims to A. increase spending on grants for small businesses B. increase …

## What occurs if the government has more expenses than revenue? A. There is a budget deficit, and the government may increase taxes to get more money. B. There is a budget deficit, and the government may distribute foreign currency. C. There is a budget surplus, and the government may purchase bonds. D. There is a budget surplus, and the government may refund money to taxpayers.

The Contribution Margin per unit (CM) can be calculated from the difference of Selling Price per unit (SP) and Total Expenses per unit (TE).   First, let’s calculate the value of SP: SP = Sales / Units sold SP = \$1,043,400 / 22,200 units sold SP = \$47   Second, …