As part of their application for a loan to buy lakeside farm, a property they hope to develop as a bed-and-breakfast operation, the prospective owners have projected: monthly fixed cost (loan payment, taxes, insurance, maintenance) $8000 variable cost per occupied room per night $ 25 revenue per occupied room per night $ 75 show your work to receive credit. a. write the expression for total cost per month. assume 30 days per month. b. write the expression for total revenue per month. c. if there are 12 guest rooms available, can they break even? what percentage of rooms would need to be occupied, on average, to break even?

Benton company (bc), a calendar year entity, has one owner, who is in the 37% federal income tax bracket (any net capital gains or dividends would be taxed at a 20% rate). bc's gross income is $395,000, and its ordinary trade or business deductions are $245,000. ignore the standard deduction (or itemized deductions) and the deduction for qualified business income. if required, round computations to the nearest dollar. a. bc is operated as a proprietorship, and the owner withdraws $100,000 for personal use. bc's taxable income for the current year is $ , and the tax liability associated with the income from the sole proprietorship is $ . b. bc is operated as a c corporation, pays out $100,000 as salary, and pays no dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . the shareholder's tax liability is $ . c. bc is operated as a c corporation and pays out no salary or dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . d. bc is operated as a c corporation, pays out $100,000 as salary, and pays out the remainder of its earnings as dividends. bc's taxable income for the current year is $ , and bc's tax liability is $ .

If springfield is operating at full employment who is working a. everyone b. about 96% of the workforce c. the entire work force d. the robots

True or false payroll withholding includes income tax, social security tax, medicare tax as well as money you deduct for your retirement fund.