A single taxpayer provided the following information for 2018:Salary$80,000Interest on local government bonds (qualifies as a tax exclusion)4,000Allowable itemized deductions13,000What is taxable income?
A. $71,000
B. $80,000
C. $67,000
D. $62,950
Answer: C
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Which of the following forms of written communication would most likely be used to communicate with people outside of the organization?
a. bulletin boards b. letters c. reports d. memos
The agreed starting point for decision making within a firm is called ______________.
a. Shared values b. Basic assumptions c. Artifacts d. Self-interests
Consider the Demand for Microwave Ovens data set. What is the total demand corresponding to random numbers 71, 63, 16, 9, 66, and 75?
A. 8
B. 9
C. 10
D. 12
Pippin Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateDirect materials 5.0grams$7.00per gramDirect labor 0.30hours$21.30per hourVariable manufacturing overhead 0.30hours$9.60per hour?The company has reported the following actual results for the product for June: Actual output 8,500unitsRaw materials purchased 48,100gramsActual price of raw materials$7.70per gramRaw materials used in production 42,490gramsActual direct labor-hours 2,300hoursActual direct labor rate$21.70per hourActual variable overhead rate$9.80per hour?The variable overhead efficiency variance
for the month is closest to: A. $2,450 F B. $2,450 U C. $2,400 F D. $2,400 U