You are considering hiring another employee. The market rate for the employee is a $35,000 salary. How much would the company have to pay after-tax for this salary? Assume a corporate tax rate of 21% and Ignore payroll taxes.
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You are considering hiring another employee. The market rate for the employee is a $35,000 salary. How much would the company have to pay after-tax for this salary? Assume a corporate tax rate of 21% and Ignore payroll taxes.
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- Assume that your starting salary will be $55,000 per year, and assume that you have no additional income sources. Also, assume that Federal income taxes are 27% of your gross income, and that there is not any state tax in Texas. What is your monthly net income?Your company received a $9 million order on the last day of the year. You filled the order with $3 million worth of inventory. The customer picks up the order the same day and pays $3 million up front in cash; you also issue a bill for the customer to pay the remaining balance of $6 million within 40 days. Suppose your firm’s tax rate is 0% (ignore taxes). Based on the above information; a.No option is correct b.Your earnings went up by $9 million c.Your earnings did not change d.Your earnings went up by $6 millionYour employer asks you to consult on the better approach to a decision. What should the corporation pay for an asset that will return them $150,000 at the end of year 1, then zero in year 2, then $400,000 in years 3 & 4, then zero in year 5, then $200,000 in years 6-10, assuming their discount rate is 3% (ignoring taxes) ?
- You've received two job offers from the same employer. Assume you have a 30% marginal tax rate. Option 1: Work at the corporate office, which provides you with access to the company gym (assume it qualifies as a non-taxable fringe benefit). Equivalent outside gym access would cost $20,000. Option 2: Work at a remote site would involve a reduction to your daily commute of 2 hours. Required: How much would Option 2 have to pay in order for it to deliver an equivalent after-tax payoff to option 1?A company is considering the following three compensation plans for the salespeople listed in the table below. Which of these will be the most expensive? Which will be the least expensive? Is the monetary cost the only consideration for a company? Plan A: Give each salesperson a commission of 10% on the first $250,000 of sales made each year and 12% on the next $250,000. Plan B: Give each salesperson a salary of $10,000 a year and 5% commission on all sales made each year. Plan C: Give each salesperson a salary of $25,000 a year and a bonus of 4% commission on all sales made over $250,000 in a year. Salesperson Estimated Sales for Next Year Herndon $300,000 MacLeon $270,000 Menon $190,000 Baker $290,000 Hand $225,000 Zank $325,000 Smith $310,000 2. Based on the chapter content on motivation, what factors cause you to increase or decrease the amount of effort – your motivation to work – you put into earning your desired grade in a class? Your grade is your performance level. What…Suppose you have a job that pays a monthly salary of (g) $_3,900____.Unfortunately, recent events have significantly reduced your company’s cash flow.Your employer says that everyone needs to take a 6.5% pay cut or the company mayhave to close.(a) When the 6.5% pay cut is applied to your original monthly salary, by how many dollars will your monthly pay decrease? Round your result to the nearest cent. (4) (b) What will your reduced monthly salary be after the 6.5% decrease is applied to your original monthly salary? Round your result to the nearest cent. (3) Your employer promises that when business returns to normal, everyone will get a6.5% pay raise to bring their pay back to their original levels.(c) When the 6.5% pay raise is applied to your reduced monthly salary, by how many dollars will your monthly pay increase? Round your result to the nearest cent. (4) (d) What will your new increased monthly salary be after the 6.5% increase is applied to your reduced monthly salary? Round…
- Azree an accountant, working for a foreign consultant firm and earning RM 78,000 per year is contemplating giving up his job and set up his own tax consultant firm. He estimates that renting an office would cost RM 780 per month, hiring a secretary with salary RM 1,500 per month and purchasing for required supplies would cost him RM 10,000 per annum. He estimated that his total revenues for the year would be RM 120,000. a) Calculate the explicit cost and implicit costYou have been hired for your dream job in healthcare. Your salary is $10,000 per month. Your taxes are $2500 per month. Your rent, food and transportation are a total $5000 per month. How much is your gross income? How much is your disposable income? What is another more common word for disposable income? How much is your discretionary income? Give me one example of what you would use your discretionary income for and how much you'd spend on that item?Suppose two workers earn labor incomes of $20,000 per year in each of two tax accounting periods. One worker saves 20% of her labor earnings in the first period and spends all of her savings and accumulated interest in the final period. The other worker never saves any of her labor earnings. The market rate of interest is 10%.' a. Calculate the discounted present value of taxes paid over the two periods for each of the workers under a 15% comprehensive income tax. b. Calculate the discounted present value of taxes paid over the two periods under a comprehensive consumption tax. c. Comment on the equity and efficiency aspects of each of the two taxes.
- A company has wants to earn an income of $60,000 after-taxes. If the tax rate is 32%, what must be the companys pre-tax income in order to have $60,000 after-taxes? A. $88,235 B. $19,200 C. $79,200 D. $143,0004You are the newly hired risk analyst for Smith Inc,, a food distribution company based in Nashville, Tennessee. Currently, Smith pays $1,000,000 annually in premium for workers' compensation coverage. There is no deductible. The company's broker thinks she can save a sizeable amount of money if you purchase a large deductible program with a $250,000 per occurrence deductible. Smith has 1000 employees and expects 20% losses for the coming year. The expected value of each loss is $7,500. Should Smith Company switch from its current program which costs $1,000,000 per year to the large deductible one recommended by the broker?
