Chapter 6

Problem 1: Solution 1. valueable IncomeTax Rate $0 - $20,00010% $20,000 - $50,000$2,000 + 20% of the amount everyplace $20,000 > $50,000$8,000 + 30% of the amount over $50,000 eldest $20,000 × .10 = $ 2,000 Next$30,000 × .20 = $ 6,000 Next$10,000 × .30 = $ 3,000 Total$60,000 $11,000 = Total Tax obligation 2.Federal Income Taxes / Taxable Income = Average Tax Rate = $11,000 / $60,000 = 18.33% Problem 2: Solution The luck terms of building a naked lodgement facility on this land is the best kaput(p) opportunity of selling the land today for $500,000 net of appraise. bills Flow merchandising price$500,000 $500,000 salute 100,000 Gain on sale 400,000 Incr. tax rate 0.3 -120,000 Net cash settle $380,000 Problem 3: Solution 1.The account expenses of the rooms discussion section supply $21,450. These expenses accept the paysheet and related expenses of $20,000 and other expenses of $1,450. 2.Ov erhead expenses total $77,356. These expenses include both expense other than the direct expenses of the proceeds centers. Therefore, the overhead expenses include the undiversified operating expenses, fixed charges, and income taxes. 3.

cost controllable by the GM and by those under his/her management include both expenses prior to gross operating profit. Thus, the undistributed operating expenses and direct be of the profit centers are the controllable expenses. 4.The fixed costs are the fixed charges of rent, property taxes, insurance, interest, and depreciation. other(a) expenses also whitethorn be fixed , but further probe would be required. 5.T! he cost of sales is considered to be a protean expense. Problem 4: Solution 1. Electric ExpenseOccupancy % High month (August)$7,200 78% Low Month (December)$5,500 50% $1,700 28% abstruse represent Difference / Occupancy % Difference = Variable Cost per 1% of Occupancy = $1,700 / 28% = $60.71 2. December Occupancy % ×...If you wishing to get a full essay, order it on our website: OrderCustomPaper.com

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