genyjoannerubiera
30.07.2020 •
Business
Sales of Blistre Autos are 390 comma 000390,000, variable cost is 220 comma 000220,000, fixed cost is 75 comma 00075,000 tax rate is 3030%. Calculate the operating leverage of the company.
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Ответ:
$ 27,500 , the actual payment made would be reported by Charlie as income
Explanation:
1) Charlie's Gross Income Calculation
Salary Paid 123,500
Contributions to qualified pension plan 10,600
Qualified health insurance premiums 10,850
Year-end bonus 21,500
Annual director’s fee 15,700
Group-term life insurance premiums (face = $40,000) 1,195 exempt below face value 50,000
Whole life insurance premiums (face = $100,000) 2,130
Disability insurance premiums (no special elections) 5,230
Total Gross Income $ 189,510 excluding 1,195 as specified.
2)
Value of compensation Charlie would report and gain on the sale that would be included in Charlie's gross income.
a) value of compensation 1380 x 29 = $ 40,020
b) Gain on sale 1380 X 3 = $ 4,140
3)
$ 27,500 , the actual payment made would be reported by Charlie as income.