Accounts receivable $22‚000 Long term debt $170‚000 Inventory $200‚000 Shareholders equity $145‚000 Store and Property $100‚000 _______ ________ Total assets: $332‚000 Total liab. & S.H Equ. $332‚000 What would be the marginal and average tax rates for a corporation with an income level of $100‚000? Taxes = (0.15 × $50‚000) + 0.25 × ($75‚000 − $50‚000) + 0.34 × ($100‚000 − $75‚000) = $22‚250 Marginal tax rate = 34% Average tax rate = $22‚250/$100‚000 = 0.2225 = 22.25% The year-end 2010
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Instructions (a) Prepare a multiple-step income statement for 2012. Assume that 60‚000 shares of common stock are outstanding. Brokaw Corp Income Statement For The Year Ended December 31‚ 2012 Sales Revenue Net Sales $1‚200‚000 Cost of Goods Sold 780‚000 Gross Profit 420‚000 Operating Expenses Selling Expenses $65‚000 Administration Expenses $48‚000 113‚000 Income from operations 307‚000
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PROPOSAL ON WEBSITE DESIGN AND YOUR CAREER IN IT Prepared for Faculty University of Phoenix As an inclusion to the report entitled Website Design and your Career in IT By Student COM 130 In this final research project I propose to write about website design and pursuing a career in Web Development. I have been developing websites for over 20 years and am currently the CEO of Sterling Design Webmasters based in Denver Colorado. I initially became interested
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Perspective Essay Being a perfectionist affects me in my shop‚ academic classes‚ and at home. Almost everything I do has to be neat‚ clean and perfect. When a job needs to be done‚ I don’t only do half of it first and do the rest later. I have to finish it right then and there. While this may be a good thing‚ sometimes it can be annoying. From the perspective of a boy who is a perfectionist‚ it is hard to feel accomplished. Being a perfectionist is a very good attribute in the precision machining
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Land as defined by FAO (1976) is “an area of earth’s surface‚ the characteristics which embrace all reasonably stable or predictably cyclic attributes of the biosphere vertically above and below this area‚ including those of the atmosphere‚ the soil‚ the underlying geology‚ the hydrology‚ the plant and animal population and the results of the past and present human activity‚ to the extent that these attributes influence on the present and future use of the land.” Land is an essential natural resource
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FEDERAL INCOME TAX FORMULA Gross Income - Above the Line Deductions____ Adjusted Gross Income - Itemized or Standard Deduction - Exemptions_________________ Taxable Income x Applicable Marginal Tax Rates for Each Bracket Tax Liability - Tax Credits_________________ = TAX OWED ABRIDGED INCOME TAX ACCOUNTING I. Gross Income [§ 61] — A. Wages‚ Salaries‚ and Tips B. Interest Income C. Dividend Income D. Other (Net) Income—Reduced by Deductible Expenses 1. State & Local
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despite the persistent trend of income inequality in the U.S. and throughout history‚ it is not impossible to change that inequality. He writes that the professor‚ Thomas Piketty points out the process in which inequality rises and the near inevitability of it. Leonhardt tells of his conversations with Piketty and Piketty’s idea on the possible way to solve inequality‚ which is to put a global wealth tax that is specifically for income inequality. Leonhardt finds this solution politically improbable
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pages of Murray’s book‚ I thought this was just a “crazy” people’s “crazy” idea. But when I googled who Murray was (he received B.A. in history from Harvard‚ and Ph.D. in political science from the Massachusetts Institute of Technology)‚ I was surprised and began to take his idea seriously. Though it may be too quick to judge his idea of guarantee income will not work‚ I have some doubts. First‚ I wonder if people would come to consensus about which guarantee income program the country should choose
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Submit Homew ork for Ch tad9000 gfmcppeopigbdej Advanced Manag Question 1: Score 0/4 Your response Exercise 5-1 Fixed and Variable Cost Behavior [LO1] Espresso Express operates a number of espresso coffee stands in busy suburban malls. The fixed weekly expense of a coffee stand is $1‚200 and the variable cost per cup of coffee served is $0.22. Requirement 1: Fill in the following table with your estimates of total costs and cost per cup of coffee at the indicated levels of activity for a
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Business Topic: Determinants of Income Distribution Inequality in Vietnam Group 5B: Lê Thị Hồng Hạnh Lê Huy Hoàng Đỗ Trung Kiên Mai Diệu Ly Đặng Thị Thúy Vân Lecturer : Nguyễn Thị Hải Yến TABLE OF CONTENT INTRODUCTION 1 1. Literature review of determinants of income inequality 2 2. Income distribution inequality in Vietnam 7 2.1. Situation .. 7 2.1.1. Gini index 8 2.1.2. Income by quintile 9 2.1.3. Income by region 10 2.2. Causes .
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