The purpose of grossing up of interests in calculating taxable income from interest on securities in Bangladesh is to ensure that the taxpayer is liable to pay taxes on the actual amount of interest earned.
Grossing up involves adjusting the reported interest income by a predetermined rate to account for the taxes that would be deducted at the source. This ensures that the taxpayer is taxed on the full amount of interest earned before any withholding taxes are applied.
In Bangladesh, when calculating taxable income from interest on securities, grossing up is used to determine the actual amount of interest income that is subject to taxation. This is necessary because the interest income earned on securities is often subject to withholding taxes at the source.
To account for the taxes withheld, the reported interest income is adjusted by a predetermined grossing-up rate. This rate is designed to reflect the applicable tax rate and the portion of the interest income that would have been withheld as taxes. By grossing up the reported interest income, the taxable income is calculated based on the full amount of interest earned, ensuring that the taxpayer is liable to pay taxes on the actual income received.
Grossing up of interests is a mechanism to ensure that the taxpayer is not underpaying taxes by only considering the net amount received after withholding taxes. It aligns the taxable income with the actual income earned and facilitates fair and accurate taxation on interest income from securities in Bangladesh.
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Identify each statement as a monetarist (MON), rational expectations theory (RET), or mainstream (MAIN) view.
RET
matches
Choice, Anticipated changes in aggregate demand affect only the price level with no effect on real output.
Anticipated changes in aggregate demand affect only the price level with no effect on real output.
MAIN
matches
Choice, Downward wage inflexibility means that declines in aggregate demand can cause long-lasting recessions.
Downward wage inflexibility means that declines in aggregate demand can cause long-lasting recessions.
MON
matches
Choice, Changes in the money supply increase nominal GDP.
Changes in the money supply increase nominal GDP.
MAIN
matches
Choice, Fiscal and monetary policies smooth out the business cycle.
Fiscal and monetary policies smooth out the business cycle.
MON
matches
Choice, A fixed annual growth rate of the money supply will have a stabilizing effect on the economy.
A fixed annual growth rate of the money supply will have a stabilizing effect on the economy.
MAIN
matches
Choice, Investment plans should not be equal to savings plans.
Investment plans should not be equal to savings plans.
Monetarist view: Changes in the money supply increase nominal GDP.
A fixed annual growth rate of the money supply will have a stabilizing effect on the economy.
Rational expectations theory:
Anticipated changes in aggregate demand affect only the price level with no effect on real output.
Mainstream view:
Downward wage inflexibility means that declines in aggregate demand can cause long-lasting recessions.
Fiscal and monetary policies smooth out the business cycle.
Investment plans should not be equal to savings plans.
Monetarism is an economic school of thought that emphasizes the role of governments in controlling the amount of money in circulation as a means of stabilizing economic activity.
The monetarist view suggests that changes in the money supply have a direct effect on nominal GDP.
A fixed annual growth rate of the money supply will have a stabilizing effect on the economy.
The rational expectations theory assumes that individuals and businesses make decisions based on all available information about economic conditions and the potential consequences of their actions.
Anticipated changes in aggregate demand affect only the price level with no effect on real output.
The mainstream view holds that the government should pursue policies to stabilize economic activity.
It argues that downward wage inflexibility means that declines in aggregate demand can cause long-lasting recessions.
Fiscal and monetary policies smooth out the business cycle.
Investment plans should not be equal to savings plans as that would result in the economy being in a state of disequilibrium.
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In 2016, Armenia had a real GDP of approximately $4.21 billion and a population of 2.98 million. In 2017, real GDP was $4. 59 billion and population was 2.97 million. From 2016 to 2017, Armenia's standard of living
A) decreased.
B) increased.
C) did not change.
D) might have increased, decreased, or remained unchanged but more information is needed to determine which.
From the year 2016 to 2017, Armenia's standard of living increased. This is because the GDP increased. The correct option is B.
What is GDP?GDP refers to Gross Domestic Product, which is the value of all goods and services generated within a country's borders during a specified period.
The following formula is used to determine GDP:
GDP = C + I + G + (X-M)
where, C stands for Consumption,
I stands for Investment,
G stands for Government spending,
X stands for exports, and
M stands for imports.
In this problem, we are given that the real GDP of Armenia was approximately $4.21 billion in 2016 and $4.59 billion in 2017, which indicates an increase in GDP. GDP is used to measure a country's economic growth or how well off the country is, therefore, it is an essential indicator of the standard of living.
Therefore, we can conclude that from 2016 to 2017, Armenia's standard of living increased.
Therefore, the correct option is B.
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Tim receives a call from a friend when he is on a conference video call with his boss. What should be his next step?
Answer:
He shoukd apologises to his boss and send the other person to voicemail and creat a plan to call back later
Explanation:
Answer:
Disconnect the call
Explanation:
edmentum
3. You are in charge of stocking Time magazine at a local convenience store. You have been informed that Tarkan will be on the next cover, and you know how that leads to unusually high magazine sales.
To meet the increased demand for Time magazine due to Tarkan being featured on the next cover, the three steps you should take are:
1. Increase the initial order quantity: Based on the expectation of high sales, it is important to order a larger quantity of Time magazine than usual to ensure an adequate supply for customers. This will help prevent stockouts and meet the heightened demand.
2. Promote the upcoming issue: Create awareness among customers about Tarkan being featured on the cover to generate excitement and anticipation. Utilize store displays, signage, social media, and other marketing channels to highlight the upcoming issue. This promotion can help drive additional foot traffic to the convenience store and boost sales.
3. Monitor sales and restock promptly: Keep a close eye on the sales of Time magazine during the period when the issue with Tarkan is available. Regularly check inventory levels and promptly restock when necessary. Analyze the sales data to assess the demand patterns and adjust future orders accordingly.
By implementing these steps, you can effectively manage the inventory of Time magazine and capitalize on the increased sales potential resulting from Tarkan being featured on the cover. This proactive approach ensures that customers have access to the magazine and helps maximize revenue opportunities for the convenience store.
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What Came first, the color orange or the fruit?
The citrus definitely got named first. The earliest recorded use of orange the fruit in English is from the 1300s and came to us from the Old French orenge, adapted from the Arabic nāranj, from the Persian nārang, from the Sanskrit nāranga (“orange tree”)
Answer:
the fruit
Explanation:
The citrus definitely got named first. The earliest recorded use of orange the fruit in English is from the 1300s
Explain how Transnet could respond to disruption as a risk by
making use of the ‘risk management process’
Transnet can ensure that it is prepared to deal with disruption risks. This process allows Transnet to identify potential disruptions, assess their impact, and develop and implement strategies to reduce their likelihood and mitigate their consequences. This helps Transnet to ensure that its services continue to operate smoothly, even in the face of disruptions.
Transnet could respond to disruption as a risk by making use of the ‘risk management process’ as follows:
Transnet is a state-owned enterprise that is responsible for managing South Africa's railway, ports, and pipeline infrastructure. It must respond to disruption risks in order to ensure that its services continue to run without interruption. Transnet's risk management process can assist it in identifying and addressing potential disruptions.
Explanation
Transnet's risk management process has the following steps:
1. Identify risks: The first step is to determine the sources of disruption and the likelihood of these risks occurring.
2. Analyze risks: The next stage is to assess the potential impact of these disruptions on Transnet's services and to prioritize them based on their severity
.3. Develop risk management strategies: The next stage is to develop strategies for reducing the likelihood of these risks and mitigating their consequences.
4. Implement risk management strategies: The next stage is to implement the strategies and monitor their effectiveness.
5. Review and improve the risk management process: The last stage is to evaluate the effectiveness of the process and make adjustments where necessary.
Conclusion
Therefore, by following this risk management process, Transnet can ensure that it is prepared to deal with disruption risks. This process allows Transnet to identify potential disruptions, assess their impact, and develop and implement strategies to reduce their likelihood and mitigate their consequences. This helps Transnet to ensure that its services continue to operate smoothly, even in the face of disruptions.
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what is the default privilege level of user accounts created on cisco routers?
The default privilege level of user accounts created on Cisco routers is level 1. It is important for network administrators to understand these privilege levels
Cisco routers have different privilege levels that determine the level of access and control a user has over the device. By default, when user accounts are created on Cisco routers, they are assigned privilege level 1. This level provides limited access and basic user capabilities, such as viewing system information and executing a limited set of commands.
The default privilege level of user accounts on Cisco routers is level 1. It is important for network administrators to understand these privilege levels and configure them appropriately to ensure proper access control and security on the routers. Higher privilege levels, such as level 15 (also known as "privileged EXEC" or "enable" mode), provide greater administrative control and access to configure and manage the router.
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Hazmat labels are used to communicate information necessary to protect human health and the environment
The natural environment or natural world encompasses all living and non-living things occurring naturally, meaning in this case not artificial.
What is the meaning of Environment?An organism's environment is made up of the external conditions, resources, stimuli, etc. that it interacts with.
We are impacted by everything around us. You decide if they are still alive or not. It is made up of organic forces like both physical and chemical ones. Living creatures occur in environments. They are constantly engaging with it and adapting their actions to the situation.
Everything in our immediate surroundings—including both living and nonliving things including air, water, soil, plants, and animals—is considered to be part of our environment. The magnificence of nature sustains life on Earth.
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if the company has an average collection period of 20 days and total sales of $2,520,000, what is the company's accounts receivable balance? (use a 360 day year). multiple choice question. $50,400,000 $126,000 $140,000 $350
The company's accounts receivable balance is $126,000. The correct option is C.
What are accounts receivable collections?The procedure of collecting debts due to a business is known as accounts receivable, or AR, collections. Finding the debtor must come first, followed by a method of getting in touch with them to request payment. If all else fails, the debt may be recovered by contacting collection agencies.
Given,
average collection period (ACP) = 20 Days
Sales = $2,520,000
Days = 360
Required to calculate accounts receivable balance =?
accounts receivable = Sales / Days x ACP
accounts receivable = 2,520,000 x 20 / 360
accounts receivable = $140,000
The number of days it will take to collect an average amount of accounts receivable is computed. The best way to determine this amount is to divide an annual A/R balance by net income for the same time period. The accounts receivable balance is $140,000.
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In your own words, explain what a bond is and how you would make money from it.
What does the term 'user
experience' refer to regarding a
website?
A. the overall ease of navigation and ability to
purchase on a company's website
B. the general experience a customer has when
using a product of a business
C. the customer experience when dealing with
customer service representatives
Answer:b
Explanation:
Using compounding, how much interest will be earned in the second year of a savings account that has an original balance of $200 and earns 6 percent interest per year
Answer:
$12.72
Explanation:
The Warehnııs Comnanv shnwe the following trial halance as of December 3 What would Warehouse report as current assets on its balance sheet?
Warehouse's balance sheet is a financial statement that outlines the company's assets, liabilities, and equity. It is used to provide investors with information about the company's financial position. The trial balance provides a list of all the accounts that the company has and their current balance.
The company then uses this information to create its balance sheet. Based on the given trial balance, the current assets that Warehouse would report on its balance sheet are \($40,000+$30,000+$20,000+$60,000 = $150,000.\)Current assets are assets that a company expects to sell or use within one year or an operating cycle, whichever is longer.
These assets are listed on the balance sheet in the order in which they are expected to be converted into cash. Common examples of current assets include cash and cash equivalents, accounts receivable, inventory, and prepaid expenses.
The total current assets help investors and other stakeholders understand the company's liquidity and short-term financial position. In this case, the current assets of Warehouse equal $150,000, which means the company has a relatively strong liquidity position.
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employees rarely arrive and leave exactly on the quarter hour so it would make sense to round employee arrival times to the nearest quarter hour?
A. False
B. True
Please be right
A customer charges a treadmill at Gerry's Exercise shop. The price is $5,000 and the financing charge is 6% per annum if the bill is not paid in a0 days. The customer fails to pay the bill within 30 days and a finance charge b added to the customer's account. What is the amount of the finance charge? A. 59 B. 5300 C C.590 D. $25
The customer borrowed $5,000 for a treadmill purchase with a financing charge of 6% per annum if not paid within 30 days. The amount of the finance charge is $25. Option D is correct.
For calculating the finance charge, we need to determine the interest accumulated on the $5,000 loan over the specified time. The interest rate is given as 6% per annum, but need to determine the interest for a 30-day period.
For calculating the interest for a 30-day period, use the formula:
Interest = Principal * Rate * Time
Here, the Principal is $5,000, the Rate is 6% per annum (which needs to be converted to a daily rate), and the Time is 30 days.
To convert the annual interest rate to a daily rate, divide it by 365 (assuming a non-leap year):
Daily Rate = Annual Rate / 365
Daily Rate = 6% / 365 = 0.0164%
Now, calculate the interest for 30 days:
Interest = $5,000 * 0.0164% * 30 = $24.60
Therefore, the amount of the finance charge is $24.60. which rounds up to $25.
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Explain the differences and similarities between compound interest (for money saved) and compound growth (for money invested).
The similarities between compound interest and compound growth is that both are important for one to grow his money.
What is compound interest?It should be noted that compound interest simply means the addition of interest to the principal sum money.
The similarity between compound interest and compound growth is that both are important for one to grow his money.
The difference is that compound growth calculates the gains based on the added result from the prior period.
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Jobs sights on the internet tend to be all alike. True or false?
Please help I’ll give Brainly to the best answer thanks!
Answer: True
Explanation:
An economy is described by the following equations:
Desired consumption: C^d = 120+0.5(Y-T )-500r
Desired investment: Id =100-500r
Government purchase: G= 120
Government taxes: T = 90
Real money demand L =0.5Y-1,000r
Nominal Money supply M = 1,350
Full-employment output Y= 500
Assume that expected inflation is zero so that money demand depends directly on the real interest rate.
Find the equation for the IS curve (report your coefficients with one decimal place ):
Y = ___ −_____ r.
Find the equation for the LM curve
Y = ____ - ____/p
The IS-LM model is a standard tool in macroeconomics used to analyze the relationship between interest rates, output, and other macroeconomic variables. The IS curve represents the equilibrium in the goods market, while the LM curve represents the equilibrium in the money market.
To find the equation for the IS curve, we need to equate desired expenditure with output. Desired expenditure is given by C^d + I^d + G, where C^d is desired consumption, I^d is desired investment, and G is government purchases. Output, Y, is given by Y = C + I + G, where C is actual consumption and I is an actual investment. Since we are assuming that expected inflation is zero, actual and desired consumption are the same, so we can write C = C^d. Using this information, we can write the desired expenditure as follows:
C^d + I^d + G = Y
Substituting the expressions given in the problem and solving for Y, we get:
Y = 740 - 1,000r
Therefore, the equation for the IS curve is:
Y = 740 - 1,000r
To find the equation for the LM curve, we need to equate the demand for real money balances (L/P) with the supply of real money balances (M/P), where P is the price level. Using the expression for real money demand given in the problem, we can write:
0.5Y - 1,000r = M/P
Substituting in the expression given for nominal money supply and solving for Y, we get:
Y = 2,700r + 2,700
Therefore, the equation for the LM curve is:
Y = 2,700r + 2,700
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PLSS ASAP HELLPP How many of the colonists of Jamestown died before they made it to shore, due to the difficult voyage? WILL GIVE BRAILYEST
half
almost all
one third
none
Answer:
almost all
Explanation:
From around 500 people that boarded the ships heading to the colony, only around 60 people survived the journey. This means that the death rate is more than 80%.
Several factors contributed to this death. Miscalculations of supply made some of them died of hunger in the middle of the journey. A lot of them died from the diseases that infected them on the ship. Since they're stocked in the middle of nowhere, they couldn't find a proper medical help to treat them.
Which statement would be MOST important to include in a summary of the section "Karl Marx"? Marx theorized that capitalists would try to get more work from people for less pay. Marxism is more durable as a critique of capitalism than as a system for governing. Marx's idea about communism influenced the Russian Revolution in 1917. Marx thought that machines would make life dull and repetitive.
The most important claim about Karl Marx would be the theorizing that capitalists would try to get more work from people for less pay.
Who was Karl Marx?He was a German philosopher who developed the foundations of communism, a system that criticized capitalism and its doctrines. His most prominent theories are about the transition to communism, the class struggle, the Marxist theory of ideology and surplus value.
Therefore, the correct option for the question refers to surplus value, which was defined for Karl Marx as the difference between the value of the work produced by employees and their salary paid. For him, the surplus value is the work produced and not paid, being a condition of exploration of the capitalist system.
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If the price of the share grows as the company grows, how does buying shares in a company benefit an investor?.
Answer:
An investor will be able to sell these shares for a higher price and make a profit.
Explanation:
This is because the investor can sell the share for a higher price as people see the company is doing well.
how did colonialism destroy the rights of local people
Answer:
Colonialism's impacts include environmental degradation, the spread of disease, economic instability, ethnic rivalries, and human rights violations—issues that can long outlast one group's colonial rule.
Colonialism's impacts include environmental degradation, the spread of disease, economic instability, ethnic rivalries, and human rights violations—issues that can long outlast one group's colonial rule.
Positive Effects:European colonialism in africa brings a positive impact such as : Religious can be used as a spiritual basis for African society, build a school for education of Africans' children, hospital for a better healt of Africans' society as well as in economic field, European build a markets.
what is the role of seminal vesicle and prostate gland
Answer:
The seminal vesicle and the prostate glands add their secretions so that the sperm are in a fluid which makes their transport easier and this fluid also provides nutrition.
MARK ME BRAINLIST
Robert is the owner of a local garage, situated in a small town on the outskirts of Manchester. The
garage sells petrol and a small selection of car accessories; they also undertake MOTs, services and
repair work. Robert's Repairs average 500 customer visits per month, spending £45 each visit
(average). Robert's son, Wayne, is due to leave university, with a degree in marketing, and join the
family business. Wayne has an interest in sales. Fortunately Robert's Repairs occupy enough land
for them to stock a small range of second hand vehicles. Wayne will purchase vehicles from
auctions which would be prepared for resale at the garage by Robert, although a new part-time
mechanic would also be needed. The finances of the vehicle sales will be separate from the current
business.
Following market research Wayne produced a forecast of financial data for the vehicle sales:
Forecast Revenue / Cost
Would add £30 000 pa
Item
Fixed costs
Average variable costs per sale
£6 500
Average spend (revenue) per sale £8 000
qtuo to lavol
Robert's annual fixed costs are currently £120 000 and the variable costs average £15 per custom-
visit. Wayne has forecast that he would attract 60 customers in the first year.
Calculate the profit (loss) currently made each month by Robert's Repairs. Assume the
fixed costs are spread evenly over each month of the year.
Answer:
I don't know
Explanation:
pls mark me as the brainless plsssssss
which of the following statements is true about the relationship between business processes and information systems? group of answer choices information systems incorporate all business process activities and hence, should be developed before business processes. the relationship between business processes and information systems is one-to-one. developing information systems before business processes ensures that all activities are considered in the development process. a business process need not relate to any information system, but an information system relates to at least one business process.
A business process need not relate to any information system, but an information system relates to at least one business process, this statements is true about the relationship between business processes and information systems.
A business process is a logically related sequence of actions that specify how particular business tasks are carried out. It is a distinctive method of coordinating work, information, and knowledge inside an organization. Business processes are important for managers to be aware of since they affect how well a firm can conduct its operations and could provide a competitive edge. Each of the main business functions has its own unique business processes, but many of them are cross-functional. Information systems assist firms restructure and streamline business operations by automating certain of these procedures.
The official organizational division in charge of information technology services is the information systems department. It is in charge of maintaining the networks, data storage, hardware, and software that make up the company's IT infrastructure. The department is often led by a CIO and is made up of professionals including programmers, systems analysts, project managers, and information systems managers.
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You just took out a $12,000 loan for your small business. The loan has a four year term and repayment is in the form of four equal endminus−ofminus−year payments. The interest rate on the loan is 11. 5%. Consider the final loan payment. How much interest do you pay in the final payment?
The interest paid in the final loan payment is $1,380
To calculate the interest paid in the final loan payment, we need to first calculate the total interest paid over the four-year term of the loan, and then divide that by four to determine the amount of interest paid in each end-of-year payment.
Using the formula for calculating simple interest, we can find the total interest paid over the four-year term:
Total Interest = Principal x Rate x Time
where Principal is the loan amount, Rate is the interest rate, and Time is the length of the loan in years.
Plugging in the values given in the problem, we get:
Total Interest = $12,000 x 0.115 x 4 = $5,520
So the total interest paid over the four-year term is $5,520.
Dividing this by four, we get the amount of interest paid in each end-of-year payment:
Interest in final payment = $5,520 / 4 = $1,380
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.
A factory is considered what type of resource?
land
labor
physical capital
human capital
A factory falls under the category of physical capital, representing tangible assets and infrastructure utilized in the production process. Option C.
Physical capital refers to the tangible assets that are used in the production process to create goods or services. These assets include machinery, equipment, buildings, vehicles, and infrastructure. They are essential resources that contribute to the production capacity and efficiency of a business or organization.
A factory is a prime example of physical capital as it represents a dedicated space or facility equipped with machinery, tools, and equipment designed for manufacturing or production activities. It provides the necessary infrastructure and resources for transforming raw materials into finished products.
Factories typically house specialized equipment and machinery specific to the industry or production process they serve. This physical capital enables businesses to carry out mass production, streamline operations, and achieve economies of scale.
Physical capital is an important factor of production alongside other resources such as land, labor, and human capital. It plays a crucial role in enhancing productivity, output, and overall economic growth.
Effective management and investment in physical capital can lead to improved efficiency, cost reduction, and technological advancements in production processes.
In summary, a factory is categorized as physical capital, representing the tangible assets and infrastructure used in the production process. So Option C is correct.
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It has been reported that 40% of U.S. Workers employed as purchasing managers are females. In a simple random sample of U.S. Purchasing managers, 70 out of the 200 are females.
Answer:
a. Population proportion = 0.40b. Sample proportion = 0.35Explanation:
Question wants to know the population proportion and the sample proportion.
a. Population proportion:
The population in this case is the U.S. workers employed as purchasing managers. The proportion that we are interested in is the 40% that are female.
Population proportion is therefore 0.40.
b. The sample proportion uses the sample details not the population details:
= Number of females employed as Purchasing managers in sample / Number of Purchasing managers in sample
= 70 / 200
= 0.35
Analyst why the mobility of labour may increase over time.
The mobility of labor may increase over time due to the following:
Increase in tradeIncrease in resourcesGrowth of industries.What is meant by mobility of labor?This is the term that is used to refer to the way that workers that are within a nation are able to move in their country or in nations that are outside their own.
There are several reasons for this. When industries are growing, there would be the need for ,ore people to be hired to make up the work force in the economy. Another reason is when there are increased resources such as capital in the nation.
The mobility tells us the ease with which these workers are able to move around in the economy. This is one of the core principles of economics as it tells us the way that Labor is able to affect growth in the economy as well as the production of goods and services.
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Kana is a single wage earner with no dependents and taxable income of $205,000 in 2018. Her 2017 taxable income was $155,000 and tax liability was $36,382. Calculate Kana's 2018 income tax liability and the minimum required 2018 annual payment necessary to avoid any penalty. Round your answers to two decimal places. Click here to access the income tax rate schedules. Kana's 2018 income tax liability: $ Kana's minimum required 2018 annual payment necessary to avoid any penalty: $
Answer:
A.$47,439.50
B.$40,020.20
Explanation:
A.Calculation for 2018 income tax liability
Since we are told Kana has a taxable income of the amount of $205,000 and she is as well a single wage earner which means that her income tax will be $45,689.50 including 35% tax rate reason been that her taxable income is above $200,000
Hence,
First step
Kana Taxable income of $205,000 - $200,000
= $5,000
Second step
$5,000 x 35%
= $1,750
Third step is to calculate Kana 2018 income tax liability
2018 Income tax liability=$1,750 + $45,689.50
2018 Income tax liability= $47,439.50
Therefore Kana's 2018 income tax liability will be $47,439.50
B. Calculation for Kana's minimum required 2018 annual payment to avoid penalty
Based on the information given we were told that her 2017 taxable income was the amount of $155,000 while her tax liability was the amount of $36,382 which means that since her Taxable income of the amount of $155,000 is higher than the maximum amount of $150,000 which means we have to multiply Kana tax liability of the amount of $36,382 by 110%
Hence,
Kana's minimum required 2018 annual payment=$36,382 x 110%
Kana's minimum required 2018 annual payment= $40,020.20
Therefore Kana's minimum required 2018 annual payment necessary to avoid any penalty will be $40,020.20