Business, 02.04.2020 16:01, Nathaliasmiles

Christopher is a self-employed cash-method, calendar-year taxpayer, and he made the following cash payments related to his business this year.

Calculate the after-tax cost of each payment assuming Christopher has a 37 percent marginal tax rate.

a. $1,080 fine for speeding while traveling to a client meeting. b. $465 of interest on a short-term loan incurred in September and repaid in November. Half of the loan proceeds were used immediately to pay salaries and the other half was invested in municipal bonds until November. c. $965 for office supplies in May of this year. He used half of the supplies this year and he will use the remaining half by February of next year. d. $675 for several pairs of work boots. Christopher expects to use the boots about 85 percent of the time in his business and the remainder of the time for hiking. Consider the boots to be a form of clothing.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 20.06.2019 18:02, jesser9

What is an example of a flame? a. a five out of five-star review for great food on a restaurant blog. b. an article featuring a hotel that is known for superb customer service c. an apartment community getting poor maintenance reviews d. high website traffic to a company's website

Answers: 3

continue

Business, 21.06.2019 20:40, Patricia2121

•broussard skateboard’s sales are expected to increase by 15% from $8 million in 2016 to $9.2 million in 2017. its assets totaled $5 million at the end of 2016. broussard is already at full capacity, so its assets must grow at the same rate as projected sales. at the end of 2016, current liabilities were $1.4 million, consisting of $450,000 of accounts payable, $500,000 of notes payable, and $450,000 of accruals. the after-tax profit margin is forecasted to be 6%, and the forecasted payout ratio is 40%. use the afn equation to forecast broussard’s additional funds needed for the coming year

Answers: 2

continue

Business, 22.06.2019 10:50, lindalu

Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.

Answers: 3

continue

Business, 22.06.2019 11:20, tatilynnsoto17

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year. a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs. b. calculate the eoq. c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?

Answers: 2

continue

Do you know the correct answer?

Christopher is a self-employed cash-method, calendar-year taxpayer, and he made the following cash p...