For a $104,000 of taxable income, including a long-term capital gain of $5,400, her gross tax liability is mathematically given as
T=$17479
<h3>What is her gross tax liability?</h3>
Generally, the $95000 will be charged with an ordinary tax rate
Capital gain of $5000 will be charged by 12% rate.
Therefore, Tax on $95000
Tx = 14605.50+ 24%*(95000 - 85526)
Tx= $16879.26
ForCapital gain
Cx= 12%*5000
Cx= $600
In conclusion, her gross tax liability
T= 16879.26 + 600
T=$17479
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The correct option is b. new responsibilities to learn and people will expect much from you.
Getting promoted is most likely to cause you to reevaluate your priorities as you will have more obligations and higher expectations.
<h3>What is job promotion?</h3>
Promotion in the context of a career means raising a worker's position or rank within a hierarchical structure. Promotion in the context of marketing denotes a distinct form of advancement.
The term "promotion" is used in a variety of settings; two of the most common ones are when talking to a career promotion and when discussing the marketing strategy of promoting a product.
Some key features of promotion are-
- An employee who has demonstrated remarkable performance or who has acquired the required skills and knowledge to take on more responsibility at work is typically given a job promotion.
- In the latter scenario, the worker might have to put in a certain number of hours with the organization before becoming qualified for a promotion.
- For instance, a person who starts out as an analyst at an investment bank might need to serve three years in the this capacity before being given consideration for promotion to a coordinate and control.
- A promotion may come with increased perks and management control over other employees in addition to a pay raise.
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Taxing a good with relatively less elastic demand, helps government to raise more revenue with lower welfare loss.
Answer:
Date Particular Dr. Cr.
Jul-1 Treasury stock $6,210
Cash $6,210
Sep-1 Cash $4,840
Treasury stock $3,960
Paid-in capital - Treasury stock $880
Explanation:
Treasury stocks are the company's own shares which is repurchased by the company. It is recorded in treasury shares account which is an contra equity account. I can be reissued or cancelled by the company.
Purchase of Treasury Stock
Treasury Stock = 690 x $9 = $6,210
Sales of Treasury Stock
Cash Receipt = 440 x $11 = $3,300
Treasury Stock = 440 x $9 = $3,960
Paid-in capital - Treasury stock = 440 x $2 = $880
Junior Lenders would be least likely to approve a short sale.
What is a junior interest?
Junior Interest means a performing junior participation interest in a stabilized or transitional senior commercial, multifamily fixed or floating rate mortgage loan secured by a first lien on multifamily and commercial properties or a subordinate portion of a Senior Mortgage Loan evidenced
Is a take out loan the same as junior mortgage?
A junior mortgage is a second mortgage loan that you take out against your home's equity using the property as collateral. A junior mortgage assumes that you already have a mortgage that's also secured by the home. A junior mortgage forms a second lien against the property.
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