1. Use the table to answer the question that follows. Tax Name Investment Earnings Tax Rate
Dividend Income Tax Stock dividends If in botton two tax brackets, not taxed If in top four brackets, taxed at 15%
Interest Income Tax Bond coupons Taxed as ordinary incore: 10% to 35% Exception: Municipal bond coupons are not taxed.
Gain from sale of
Capital Gains Tax
Held for one year or less (short-term): taxed as ordinary income Held for more than one year (long-term): taxed as dividend income
stocks or bonds
Eric's income puts him in the second tax bracket (15%) last year. During the same year, he earned $S15 in dividends and $65 in coupons on a municipal bond. In March, he purchased a common stock for $20
months later for $915. What is the total Eric will pay in taxes on last year's investments? (3 points)
O $117.00
O $107.25
ооо
O $184.50
0 $0.00

Suppose that a firm is considering moving from a batch process to an assembly-line process to better meet evolving market needs. what concerns might the following functions have about this proposed process change: marketing, finance, human resources, accounting, and information systems?

Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?

Alpha company uses the periodic inventory system for purchase & sales of merchandise. discount terms for both purchases & sales are, 2/10, n30 and the gross method is used. unless otherwise noted, fob destination will apply to all purchases & sales. the value of inventory is based on periodic system. on january 1, 2016, beginning inventory consisted of 350 units of widgets costing $10 each. alpha prepares monthly income statements. the following events occurred during the month of jan.: dateactivitya.jan. 3purchased on account 350 widgets for $11 each.b.jan. 5sold on account 400 widgets for $30 each. paid freight out with petty cash of $150.c.jan. 10purchased on account 625 widgets for $12 each.d.jan. 11shipping cost for the january 10 purchased merchandise was $400 was paid with a cheque by alpha directly to the freight company.e.jan. 12returned 50 widgets received from jan. 10 purchase as they were not the correct item ordered.f.jan. 13paid for the purchases made on jan. 3.g.jan. 21sold on account 550 widgets for $30 each. paid freight out with petty cash of $250.h.jan. 22authorize credit without return of goods for 50 widgets sold on jan. 21 when customer advised that they were received in defective condition.i.jan. 25received payment for the sale made on jan. 5.j.jan. 26paid for the purchases made on jan. 10.k.jan. 31received payment for the sale made on jan. 21.use this information to prepare the general journal entries (without explanation) for the january events. if no entry is required then enter the date and write "no entry required."