Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 19, 2024

10 Robert earns $100,000 a year. He pays income tax of $18,000 and other taxes of $6,000. Robert spends $15,000 to buy necessities What is

10 Robert earns $100,000 a year. He pays income tax of $18,000 and other taxes of $6,000. Robert spends $15,000 to buy necessities What is Robert's discretionary income? int Multiple Choice 3 00:20 $100,000 $76,000 $82,000 561,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Essentials For Hospitality Managers

Authors: Chris Guilding, Kate Mingjie Ji

4th Edition

1032024321, 9781032024325

More Books

Students also viewed these Accounting questions

Question

★★★★★

Durkin & Davis, a partnership, had these inventory data: Durkin & Davis need to know the companys gross profit percentage and rate of inventory turnover for 2010 under 1. FIFO 2. LIFO Which method...

Answered: 1 week ago

Question

★★★★★

What do you believe the framers meant when they wrote about a "well-regulated Militia, being necessary to the security of a free state"? Explain your reasoning. If you disagree with the Court's 2008...

Answered: 1 week ago

Question

★★★★★

Coaching and motivational behavior

Answered: 1 week ago

Question

★★★★★

On January 1, 2016, the Wardens Restaurant decides to invest in Lake Turner bonds. The bonds mature on December 31, 2030, and pay interest on June 30 and December 31 at 5% annually. The market rate...

Answered: 1 week ago

Question

★★★★★

Please answer the three questions QUESTION 49 Which of the following refers to the process of building relationships and sharing information with colleagues who can help a manager achieve the items...

Answered: 1 week ago

Question

★★★★★

Identifying financing, investing, and operating transactions Required For a company like Canadian Tire Corporation, provide two examples of transactions that you would classify as financing,...

Answered: 1 week ago

Question

★★★★★

Presented here are the accounts ofJesse Daniel Lawn Servicefor the year endedDecember31, 2017. The retained earnings account shows the $52,000 balance as of the end of 2016, which is the beginning...

Answered: 1 week ago

Question

★★★★★

Vanessa is planning on conducting a study that looks into how listening to music impacts learning. Specifically, she wants to know how well people can learn while listening to their favorite, or...

Answered: 1 week ago

Question

★★★★★

Please read Smith v. Goguen , 415 U.S. 566 (1974), available at https://scholar.google.com/scholar_case?case=14723025391522670978&hl=en&as_sdt=2&as_vis=1&oi=scholarr After reading the above case,...

Answered: 1 week ago

Question

★★★★★

Explain what early thoughts and beliefs existed about what caused mental illness. Describe one of the psychological traditions and how it furthered the beliefs about what causes mental illness from...

Answered: 1 week ago

Question

★★★★★

13. The following data pertain to Wistron Company's two products: Product X Product Y Sales in dollars $100,000 $80,000 Contribution margin ratio 48% 30% If fixed expenses for the company as a whole...

Answered: 1 week ago

Question

★★★★★

Rose Corporation manufactures state-of-the-art DVD players. It is a division of Sany TV, which manufactures televisions. Rose sells the DVD players to Sany, as well as to retail stores. The following...

Answered: 1 week ago

Question

★★★★★

Based on your reading from the text on the concept of organizational culture, in your opinion, what type of culture would you expect to find in any of Mr. Musks companies, be it Tesla, SpaceX, or...

Answered: 1 week ago

Question

★★★★★

The chapter discusses four types of change that organizations typically encountertechnological, structural, task, and people change. Which of these is Elon Musk dealing with at his companies?

Answered: 1 week ago

Question

★★★★★

Some analysts seem to have lost their trust in Nick Woodmans ability to run GoPro. What factors do you think are contributing to this lack of trust (Chapter 6)?

Answered: 1 week ago

Previous Question Next Question