Federal Income Tax withholding and response question

Federal Income Tax Withholding Bob Avery's weekly gross earnings for the present week were $3,040. Avery has four exemptions. Using the wage bracket withholding table below with a $63 standard withholding allowance for each exemption, what is Avery's federal income tax withholding? Round your answer to two decimal places. Table for Percentage Method of Withholding WEEKLY Payroll Period (a) SINGLE person (including head of household) If the amount of wages (after subtracting withholding allowances) is: The amount of income tax to withhold is: Not over $51.... $0 Over But not over of excess over $51 $198 10% $198 $653 $14.70 plus 15% $51 $198 $653 $1,533 $82.95 plus 25% $1,533 $3,202 $302.95 plus 28% $1,533 $3,202 $6,916 $770.27 plus 33% $3,202 $6,916 ..... $1,995.89 plus 35% $6,916 $ Show work $653 Describe a transaction that would: a) Increase both an asset and capital stock. b) Increase both an asset and a liability. c) Increase one asset and decrease another asset. d) Decrease both a liability and an asset. e) Increase both an asset and retained earnings. f) Decrease both an asset and retained earnings. Please, use different examples than your peers. My response: A)In order to increase assest and capital one option would be to issue common stock for building purchase. B)In order to increase both assest and liabilities one option would be to purchase goods on credit. C)In order to increase one asset and decrease another asset would be to collect cash from receivables, D)In order to decrease both liability and an asset would be to have the full repayment of long term debt with cash. E) In order to increase both asset and retained earnings would be to Fully Depreciated Equipment sold for cash. F)In order to decrease both an asset and retained earnings would be to cash dividends paid. 1.If you sell at book value then there will be no change to Total Assets. 2.If you sell at a gain or a loss Total Assets will change as will the value of the equity in the company. 3.Does selling a fully depreciated equipment will increase directly or indirectly the retained earnings? Please explain it