Labor costs are 30% of sales. Other operating costs are $38,000 per month (including $10,000 of depreciation). Both of these are paid in the month incurred. The cash balance on March 1 is $8,000. A minimum cash balance of $6,000 is required at the end of the month. Money can be borrowed in multiples of $1,000. How much cash will be disbursed in total in March

$14,000 rupees will be disbursed totally in march.            

Explanation:

The operating cost is $38,000 per month. This is including depreciation. So cash pending on March 1 is $8,000.At the end of March month, the cash balance of $6000 is required. So a total of $14,000 is required at the end of the month. Including the labor costs, he wants to pay $14,000.He can borrow money in multiples of $1000. For emergencies, this money can be borrowed. So $14,000 should be dispersed in the month of March.                        

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2. What are two common types of state taxes? (1.0 points) Income tax, sales tax

3. What is a tax refund? (0.5 points) A refund ta taxpayer receives after filing a return

4. What is payroll withholding? (0.5 points) payroll taxes (Social Security and Medicare)  

5. What is estimated tax? (0.5 points) Estimated tax is the method used to pay tax on income that is not subject to withholding.

6. What is an IRS audit? (0.5 points)  An IRS audit is a review/examination of an organization's or individual's accounts and financial information to ensure information is reported correctly according to the tax laws and to verify the reported amount of tax is correct.

7. What is a dependent? (0.5 points) s a person other than the taxpayer or spouse who entitles the taxpayer to claim a dependency exemption. Children are an example of this