Carson's tax liability for 2021 as a 23-year full-time student, who earns from the summer internship and part-time job and receives a qualified dividend is $645.
What is tax liability?Tax liability refers to the amount that a taxpayer is obliged to pay.
The tax liability is a function of the taxpayer's taxable income, tax bracket, deductions, and applicable tax rate.
In this case, we have assumed a flat tax rate of 10% for both Carlson's earned income and the dividend income.
Data and Calculations:Earned income = $14,000
Qualified Dividend income = $5,000
Adjusted taxable income = $6,450 ($19,000 - $12,550)
Tax liability = $645 ($6,450 x 10%)
Thus, Carson's tax liability for 2021 is $645.
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impact of legislation on employees
Mark is still not sure what to do with his inheritance money. He has tried researching online but is overwhelmed by the amount of information available.
Discuss the different sources of financial information and guidance that Mark could use.
(6)
Answer:
He could try searching up and booking a face-to-face meeting with an advisor, law firm, or lawyer. Government and federal agencies also help make tough decisions relating to inheritance money.
Swifty Corporation purchased a new machine on October 1, 2022, at a cost of $115,000. The company estimated that the machine will have a salvage value of $10,500. The machine is expected to be used for 10,000 working hours during its 5-year life. (a) Compute the depreciation expense under straight-line method for 2022. 2022 Depreciation expense $enter depreciation expense amount in dollar
The depreciation expense under straight-line method for 2022 is $5225.
What is the depreciation expense?The straight-line depreciation allocates the depreciation expense evenly over the useful life of an asset.
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
(115,000 - $10,500) / 5 = $20,900
Depreciation expense in 2022 = 3/12 x 20,900 = $5225
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The accountant for TI Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available:
Retained earnings balance at the beginning of the year $166,000
Cash dividends declared for the year 52,000
Net income for the year 99,500.
What is the ending balance for retained earnings?
Answer:
$213,500.
Explanation:
Retained earnings balance at the beginning of the year $ 166,000
- Cash dividends declared for the year 52,000
+ Net income for the year 99,500
What is the difference between carriage forward and carriage paid?
Answer: carriage forward means delivery is being laid by the buyer. Carriage paid means delivery is paid by the seller.
Q1: In about 200 words, write an essay analyzing the below case study using the SWOT framework.
• Students are required to define each key concept (SWOT) and to identify 4 strengths, 4 weaknesses, 2 opportunity, and 2 threats. Then to write an analytical text for the case study. Then to write an analytical essay for the case study. (60%)
Q2: In about 200 words, write an essay analyzing the STEEPLE Module .
Students are required to define each key concept (STEEPLE) and to illustrate all concepts with examples
Nike’s Goddess
Could a famously masculine company finally click with female customers? That was the challenge behind Nike Goddess, whose goal was to change how the company designed for, sold, and communicated with women.
In its 30-year history, Nike had become the undisputed leader in sports marketing. But beneath the success was an Achilles’ heel. Nike is named after a woman – the Greek goddess of victory – but for most of its history, the company had been perceived as being mostly about men. Could Nike do more to realize the full potential of female customers? And how could it afford not to, given the threats to its future with Air Jordan running out of air and brands like Skechers digging into the teen market with shoes inspired by skateboarding, not basketball. That was the huge question at Nike HQ. The launch of Nike Goddess was the makings of an answer.
Just Doing It Differently
For much of its history, Nike’s destiny was controlled by its founders, Phil Knight and his running buddies, who signed up athletes in locker rooms and made the executive decisions. But by throwing together a diverse team of people with different backgrounds and different levels of seniority, Nike has found that it can keep many of its core attributes while adding new sources of inspiration. Take the combination of star designer John Hoke and newcomer Mindy Grossman, vice president of global apparel. Hoke designed the look and feel of the first Nike Goddess store. Then Grossman, whose career has included helping make Ralph Lauren into a retail icon, pitched1 the design ideas to Nike’s top retailers as stores within stores. Now it looks like Nike has a chance to reach a crucial objective: double its sales to women by the end of the decade.
How to Sell to Women
Nike Goddess began as a concept for a women-only store, and there’s a reason why. Many of the retail settings in which the company’s products were found were a turnoff to female customers: dark, loud, and harsh – in a word, male. In sharp contrast, the Nike Goddess stores have the comforting feel of a woman’s own home.
How to Design for Women
Designing a new approach to retail was only one element in Nike’s campaign. Another was redesigning the shoes and clothes themselves. Nike’s footwear designers worked on 18-month production cycles – which made it hard to stay in step with the new styles and colors for women. The apparel group, which worked around 12-month cycles, was better at keeping up with fashion trends. But that meant that the clothes weren’t coordinated with the shoes – a big turnoff 2 for women.
How to Talk to Women
When Jackie Thomas, Nike’s US brand marketing director for women, first heard the phrase ‘Nike goddess,’ she wasn’t impressed. ‘I don’t like talking to women through gender,’ she says. Nike Goddess had to mean something to women and it was her job to make that happen. ‘Women don’t need anybody’s permission. We are at our best when we are showing women a place where they didn’t think they could be.’ For John Hoke, the real power of Nike Goddess is not about traffic at stores. It’s about changing minds inside the company. ‘I knew that Goddess could galvanise3 us,’ he says, ‘It was an opportunity to redefine and re-energies our entire brand around a market that was taking off.’
Essay writing is typically given to students in order to test their writing and reading skills.
How to write an essay?Based on the information given, the way to write the essay will be given. Firstly, it's important to decide on your topic.
Research should be done on the topic and create an essay outline. Set your argument in the introduction and develop it with evidence.
Finally, check the content, grammar, formatting, and spelling, of your essay.
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Liana Amiri (single with no dependents) has the following transactions in 2021: AGI (exclusive of capital gains and losses) $540,000 Long-term capital gain 22,000 Long-term capital loss (8,000) Short-term capital gain 19,000 Short-term capital loss (23,000) Question Content Area a. What is Liana's net capital gain or loss
In this situation where Liana Amiri, who is single with no dependents, carried out the stated capital transactions in 2021, her net capital gain or loss is $0.
What is capital gain or loss?The capital gain or loss is the difference between the selling price and the cost or purchase price of an investment or property.
When the selling price is more than the cost, a capital gain arises. When the cost is more than the selling price, a capital loss arises.
Data and Calculations?AGI (exclusive of capital gains and losses) $540,000
Long-term capital gain $22,000
Long-term capital loss (8,000)
Net long-term capital gain = $4,000
Short-term capital gain $19,000
Short-term capital loss (23,000)
Net short-term capital loss $4,000
Thus, Liana Amiri's net capital gain or loss is $0 ($4,000 - $4,000).
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8.1. In the article the author confirms that a reduction of the budget deficit is imperative. Briefly discuss the possible methods of achieving this objective which are mentioned by the author as part of his thoughts. (3) 8.2. What is the main conclusion in terms of where to from hereby the author in this article? (3)
The method of achieving the reduction in the budget deficit is to simply reduce expenses and increase tax.
What is a budget deficit?It should be noted that budget deficit simply means when the expenses is more than the revenue.
In this case, the method of achieving the reduction in the budget deficit is to simply reduce expenses and increase tax. This is needed to improve the budget.
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Explain how we derive the supply curve for an individual firm
To pursuer a career in business information management you need a degree or certification in
Answer:
business administration or business information management
Explanation:
Smokecity, Inc., manufactures barbeque smokers. Based on past experience, smoke city has found that it’s total annual overhead costs can be represented by the following formula: overhead cost = $543,000 + $1.34x, where x equals number of smokers. Last year, smoke city produced 20,000 smokers. Actual overhead costs for the year were as expected. What is the total fixed overhead cost incurred by smokecity last year?
Answer:
569800
Explanation:
Why is sea transport particularly important to the Caribbean?
Answer:
Transportation is recognised to be an inherently crucial component in supporting economic activities as well as providing opportunities for economic development. The provision of transport infrastructure has long been a common priority for governments, as the region has long been considered to be lacking in this area
Explanation:
Big brain
James has a credit card balance $5000 after Black Friday and he decides to pay $300 at the beginning of every month at 2.1% annual interest rate . In how many months can he pay off the balance
Answer:
16 months
Explanation:
2.1% of 300 is 6.3, 5000/3.06.3 = 16.32
The Consumer Price Index (CPI)
is the tool used to measure
inflation. It is calculated
through which of the following
methods?
A. Door-to-door surveys
B. Online Questionnare
C. Census
What is your own personal definition of the word "Support"?
Answer:
1..give assistance to ...help out someone
2..give emotional support
3...stand by someone
Explanation:
i hope this helps
Palm, which uses the high-low method, had an average cost per unit of $40 at its lowest level of activity when sales equaled 1,600 units and an average cost per unit of $31.00 at its highest level of activity when sales equaled 3,200 units. Palm would estimate fixed costs as:
Using the high-low method of calculating costs, Palm will estimate the fixed cost element as $28,800.
Calculation of Fixed Cost Using the High-Low MethodThe fixed cost can be estimated as follows:
1) Calculation of variable cost elements
Total cost at a particular level of activity = Average cost per unit * units ………………… (1)
Using equation (1), we have:
Total cost at the lowest level of activity = $40 * 1,600 = $64,000
Total cost at the highest level of activity = $31 * 3,200 = $99,200
Variable cost per unit = (Total cost at the lowest level of activity - Total cost at the lowest level of activity) / (Highest Units - Lowest Units) = ($99,200 - $64,000) / (3,200 - 1,600) = $35,200 / 1,600 = $22
Therefore, the variable cost element is $22 per unit.
2) Calculation of fixed cost elements
Total cost = Total Fixed Cost + Total Variable Cost ................. (2)
Where;
Total Variable Cost = Variable cost unit * Units at a particular Total Cost
Using the highest unit with its total cost and substituting into equation (2), we have:
$99,200 = Total Fixed Cost + ($22 * 3,200)
$99,200 = Total Fixed Cost + $70,400
Total Fixed Cost = $99,200 - $70,400
Total Fixed Cost = $28,800
Therefore, Palm will estimate the fixed cost element as $28,800.
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Define “supply” for commodity
Answer:
The supply of a commodity is the amount of the commodity which the sellers or producers are able and willing to offer for sale at a particular price, during a certain period of time.
Note: Hope it helped
What is the difference between the distribution and the consumption of an item?
A. One deals with the creation of an item; the other deals with the use of an item.
B. One deals with transporting the item from where it was produced to the location where it will be sold; the other deals with the consumer's use of the item after purchase.
C. One deals with deciding how much to charge for an item; the other deals with reconstructing the item in another format.
D. One deals with the creation of an item; the other deals with the transportation of the item from where it was made to where it will be sold.
Answer:
A. One deals with the creation of an item; the other deals with the use of an item.
Explanation:
Production means "To make" and consumption is putting to use of something.
Assume that the pricing manager discovered that more seats went unsold for tuesday night games than for any other night of the week, indicating a lower demand for soccer tickets on tuesdays. The la galaxy could lower the ticket price for future tuesday night games to avoid:.
The la galaxy could lower the ticket price for future tuesday night games to avoid idle production capacity.
What is idle production capacity?
Idle production capacity occurs when the supply of an item exceeds its demand. As a result, there would be a surplus of supply and some of the products would not be utilised by consumers.
To reduce idle production capacity, prices can be reduced. This is because price is inversely related to quantiy demanded.
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