Before being simplified, the instructions for computing income tax in country r were to add 2 percent of one's annual income to the average (arithmetic mean) of 100 units of country r's currency and 1 percent of one's annual income. which of the following represents the simplified formula for computing the income tax in country r's currency, for a person in that country whose annual income is i?
a. 50 + i/200
b. 50 + 3i/100
c. 50 + i/40
d. 100 + i/50
e. 100 + 3i/100

Acme published a story about paul and as a result paul sued acme for damage to his reputation, emotional distress, and punitive damages. paul won an award of $20,000 for damages, $5,500 for emotional distress, and $50,000 for punitive damages. what amount must paul include in his gross income

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e. g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)