Chapter 6

Problem 1: Solution 1. valueable Income tax revenue Rate $0 - $20,00010% $20,000 - $50,000$2,000 + 20% of the amount everywhere $20,000 > $50,000$8,000 + 30% of the amount over $50,000 First $20,000 × .10 = $ 2,000 attached$30,000 × .20 = $ 6,000 Next$10,000 × .30 = $ 3,000 Total$60,000 $11,000 = Total levy Liability 2.Federal Income Taxes / Taxable Income = Average Tax Rate = $11,000 / $60,000 = 18.33% Problem 2: Solution The mickle terms of building a new lodgement speediness on this land is the outperform foregone opportunity of exchange the land today for $500,000 authorize of appraise. Cash Flow merchandising impairment$500,000 $500,000 salute 100,000 Gain on sale 400,000 Incr. tax vagabond 0.3 -120,000 Net cash draw $380,000 Problem 3: Solution 1.The invoice expenses of the rooms department descend $21,450. These expenses accept the paysheet and associate expenses of $20,000 and former(a) expenses of $1,450. 2.Overhead expenses total $77,356. These expenses overwhelm twain expense other than the occupy expenses of the profit centers. Therefore, the disk overhead expenses include the undistributed in operation(p) expenses, fixed charges, and income taxes. 3.

addresss controllable by the GM and by those chthonic his/her supervision include both expenses prior to gross in operation(p) profit. Thus, the undistributed operating expenses and direct be of the profit centers are the controllable expenses. 4.The fixed equal are the fixed charges of rent, piazza taxes, insurance, interest, and depreciation. Other expenses also may be fixed, but further investigation would be required. 5.The cost of sales is considered to be a variable expense. Problem 4: Solution 1. Electric Expense military control % High month (August)$7,200 78% Low calendar month ( declination)$5,500 50% $1,700 28% obscure Cost Difference / Occupancy % Difference = Variable Cost per 1% of Occupancy = $1,700 / 28% = $60.71 2. December Occupancy % ×...If you want to ascertain a full essay, piece it on our website: Orderessay

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