Answer: $2400
Explanation:
The marginal propensity to consume is calculated as the change in consumption divided by the change in income.
From the given information in the question,
0.80 = Change in consumption/3000
Change in consumption = 3000 × 0.80 = $2,400
The definition of input , out put and processing please
The best definitions of input, output and processing are as follows:
Input refers to the resources that are used up in production to create further value, finished goods, or more input for further processing.Processing is the intervening activity that changes the input to output.Output is the product of processing input or resources. Output is typically the finished outcome from a processing activity.What is the relationship between input, output, and processing?Processing is at the center of input and output.
Processing involves changing, manipulating, or transforming input resources into output or finished products.
Thus, the definitions of input, output and processing are as given above.
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Suppose for the year 2015, Speedy Chef, a fast food restaurant, had a Gross Profit of $1,281,648. Speedy Chef had the following expenses:
Cost of Goods Sold $1,251,167
Selling Expense $70,578
Rent Expense $156,941
Utilities Expense $73,994
Insurance Expense $35,148
Wages $505,245
General & Administrative $24,358
Miscellaneous $32,968
Interest Expense $4,059
Income Tax Expense $60,596
What would Speedy Chef's Income Before Taxes be for 2015?
The Speedy Chef's Income Before Taxes for 2015 is -$873,406.
The following are the operating expenses for Speedy Chef for the year 2015:Cost of Goods Sold $1,251,167Selling Expense $70,578Rent Expense $156,941 Utilities Expense $73,994Insurance Expense $35,148Wages $505,245General & Administrative $24,358Miscellaneous $32,968Interest Expense $4,059Income Tax Expense $60,596.
The formula to determine the Income Before Taxes (IBT) of Speedy Chef for 2015 is given below:Income Before Taxes (IBT) = Gross Profit - Total Operating ExpensesTotal Operating Expenses = Cost of Goods Sold + Selling Expense + Rent Expense + Utilities Expense + Insurance Expense + Wages + General & Administrative + Miscellaneous + Interest Expense + Income Tax Expense.Substitute the given values,Income Before Taxes (IBT) = Gross Profit - Total Operating Expenses = $1,281,648 - $2,155,054 = -$873,406.
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What percentage of the U.S. gross national product is spent on projects each year in the US alone?
Answer:
25 percent
Explanation:
25% percentage of the U.S. gross national product is spent on projects each year.
What is gross national product?
The Gross national income (GNI), recently known as gross national product (GNP), is the complete homegrown and unfamiliar result guaranteed by inhabitants of a nation, comprising of GDP.
Essentially, GNP implies how a nation's kin add to its economy. It thinks about citizenship, no matter what the area of the possession. GNP does exclude unfamiliar inhabitants' income acquired inside the country. GNP additionally includes no income acquired in India by unfamiliar occupants or organizations, and rejects products made in the country by unfamiliar organizations.
In computation, GNP adds government use, individual utilization use, confidential homegrown ventures, net commodities, and income acquired by nationals abroad, and wipes out the income of unfamiliar occupants inside the homegrown economy. Besides, GNP overlooks the worth of middle person merchandise to abstain from twofold counting, as these passages get remembered for the worth of eventual outcomes and administrations.
Therefore 25% is actually spent on projects each other.
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A company's image and reputation, how the outside world sees the product or company, is also called the company's
A. value proposition.
B. brand
C.logo
D.inventory
In which scenario is an individual's behavior least likely to change?
a. The city of Saskatoon chooses to give its residents a penny for each soda can they recycle in an effort to promote environmental awareness.
b. In an effort to make people eat healthier, the city of Bakersville tells its residents to eat wheat bread instead of white bread.
c. A basketball team manages to sign a trio of famous basketball stars who then clamor for other players to come join their team to win a guaranteed championship.
d. The country of Ravamolk enacts a policy to fine companies 20% of their earnings if the safety standards in their factories do not reach acceptable work conditions.
An individual's behavior is least likely to change when merely informed of a healthier option, like in Scenario B, as there is no incentive or consequential action attached.
Explanation:In the given scenarios, an individual's behavior is least likely to change in Scenario B where the city of Bakersville tells its residents to eat wheat bread instead of white bread. This scenario only involves information provision with no rewarding or punitive actions attached to induce behavior change, as compared to the rest of the scenarios. Behavioral change usually occurs when there are incentives or penalties associated with the action. For instance, in Scenarios A & D, Saskatoon and Ravamolk are using a reward technique and penalties respectively, as a trigger for behavioral change. Scenario C is using the appeal of fame and success to encourage change. But talking about bread choice without any consequential actions does not guarantee a behavior change.
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According to the above material, there exist large differences between economic growth rate using traditional expenditure approach and the satellite night-light data. How do you evaluate the night-light data method? and can you identify several reasons why there exists such differences?
The use of satellite night-light data as a method to evaluate economic growth has both strengths and limitations. Reasons for Differences between Traditional Expenditure Approach and Night-light Data: Informal Economy, Data Limitations, Urbanization Bias and Structural Changes.
Here is an evaluation of the night-light data method and several reasons for the differences observed between the traditional expenditure approach and the night-light data:
Evaluation of the Night-light Data Method:
Objective and Timely: Satellite night-light data provides an objective and timely measure of economic activity. Wide Coverage: Night-light data can cover large geographical areas, including remote and inaccessible regions. Granularity: The data can be analyzed at a fine-grained level, allowing for detailed spatial analysis of economic patterns. This can help identify pockets of growth and disparities within regions.Reasons for Differences between Traditional Expenditure Approach and Night-light Data:
Informal Economy: The traditional expenditure approach relies on official economic data, which may not fully capture the informal sector. Data Limitations: Night-light data has its limitations. It primarily measures economic activity related to lighting, which may not capture other dimensions of economic growth such as services or knowledge-based industries. Urbanization Bias: Night-light data tends to be more representative of urban areas with higher population density and greater access to electricity. Structural Changes: The traditional expenditure approach focuses on consumption and investment, while night-light data primarily captures the energy consumption associated with lighting.For such more question on economic:
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Jane has discovered that she is bored and frustrated working for others. She wants to open a business where she alone will have control as the single owner and she would experience the least interference from government regulation. Which form of business would best meet her needs?
Answer:
sole proprietorship
Explanation:
By far the most common type of business in the US is the sole proprietorship. Basically, Jane will be her own boss. She will be responsible and liable for all the business's obligations since a sole proprietorship is considered a pass through entity. That means that it doesn't exist by itself, and it is not taxed directly. Jane must report all the income and expenses from her business in her annual tax report.
By default, the hyperlink will display the text in the hyperlink itself, such as the web URL.
How can this behavior be modified?
Link to
Look in
Text to Display
Display Alt Text
Hypertext Markup Language, also known as HTML, is a standard computer language used for designing, developing, and producing web pages. Hence option D is correct .
What is HTML ?In general, there are two (2) main sections in any HTML document: the body and the head. The head of a page includes data including the HTML version, the page's title, metadata, links to unique favicons, and CSS, among other things.
The information or content of a web page that will be shown is contained in the HTML document's body.
In essence, a hyperlink points to the same page, an identical image, or even another HTML document. A hyperlink's text is typically highlighted and requires a click to be activated.
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Which of the following should be considered last when searching for financing? Question 1 options: Family members Banks Commercial finance companies Credit cards
Answer:
Credit cards
Explanation:
A credit card can be defined as a small rectangular-shaped plastic card issued by a financial institution to its customers, which typically allows them to purchase goods and services on credit based on the agreement that the amount would be paid later with an agreed upon interest rate.
Credit cards should be considered last when searching for financing.
The main sources of finance are; Family members, Banks Commercial and finance companies.
Identify the cultural differences between Greece and Switzerland as per the GLOBE project
your answer is here
What collective name do we refer to: natural resources, labor, capital, education or know-how?
Answer:
Factors of production
Explanation:
The general name is factors of production. They are also the 'inputs' in the production process.
The factors of production are combined or put together for the productions of goods and services to happen. The four factors include land, which represents the natural resources in this case.
Land refers to the space used to set up a business, and fertile lands used for agriculture, minerals, oil and gas, forest, and other natural resources.
Labor is the human input in production. It involves workers' knowledge, skills, strength, and time spent on the production process.
Capital is the money and assets used to start and maintain the business operation. It includes plant and machinery, equipment, building, factories used in making products for sale.
Know-how refers to entrepreneurship. It is the skills, willingness, and ability to put together and manage the other factors to produce goods.
Do you think it’s better to take out a loan to fund a business or seek out an investor?
Answer:is better to take out a loan
Explanation:
Explain how scarcity, tradeoff decisions, or opportunity costs are relevant to Charles and Ebony’s budget
Scarcity is relevant to Charles and Ebony's budget because it helps them make a decision on how to spend their money on the urgent needs while ignoring the other important things which comes with a burden of future cost.
Tradeoff decisions would help Charles and Ebony to analyze the amount of money that they must set out every month for essentials, and discretionary money which is the money left over.
Opportunity cost
Opportunity cost looks at affordability given the prices of goods and the individual's income. Opportunity cost measures cost in terms of what must be given up in exchange.
Therefore the factors of scarcity, tradeoff and opportunity cost will affect Charles and Ebony's budget because they have to factor in the effects of these economic forces on the budget.
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The following information about the weekly payroll was obtained from the records of Boltz Co.:
Salaries: Deductions:
Sales salaries $335,000 Income tax withheld $116,800
Warehouse salaries 186,000 U.S. savings bonds 14,630
Office salaries 144,000 Group insurance 11,970
$665,000
Tax rates assumed:
Social security 6% State unemployment (employer only) 5.4%
Medicare 1.5% Federal unemployment (employer only) 0.8%
Required:
1. Assuming that the payroll related to the first full week of the year and was paid on January 7, journalize the following entries:
a. January 7, to record the payroll.
b. January 7, to record the employer’s payroll taxes on the payroll for the first week of the year. Since it is a new fiscal year, all $665,000 in salaries is subject to unemployment compensation taxes.
2. Assuming that the payroll related to the last week of the year and was paid on December 31, journalize the following entries:
a. December 31, to record the payroll.
b. December 31, to record the employer’s payroll taxes on the payroll for the last week of the year. Of the total payroll for the last week of the year, $38,000 is subject to unemployment compensation taxes.
A journal entry is used to record a business transaction in the accounting records of a business. This is given below.
How to explain the journal entryJournal entries for the first full week of the year and paid on January 7:
a. To record the payroll:
Salaries Expense $665,000
Cash $534,600
U.S. Savings Bonds Payable $14,630
Group Insurance Payable $11,970
Income Tax Payable $116,800
Social Security Payable $39,900
Medicare Payable $9,975
b. To record employer's payroll taxes on the payroll for the first week of the year:
Payroll Tax Expense $53,564
Social Security Payable $39,900
Medicare Payable $9,975
Federal Unemployment Tax Payable $5,320
State Unemployment Tax Payable $8,369
Journal entries for the last week of the year and paid on December 31:
a. To record the payroll:
Salaries Expense $665,000
Cash $534,600
U.S. Savings Bonds Payable $14,630
Group Insurance Payable $11,970
Income Tax Payable $116,800
Social Security Payable $39,900
Medicare Payable $9,975
b. To record employer's payroll taxes on the payroll for the last week of the year:
Payroll Tax Expense $2,600
Federal Unemployment Tax Payable $304
State Unemployment Tax Payable $2,296
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Parsons Company acquired 90% of Roxy Company several years ago for which the consideration transferred included an amount paid for goodwill of $200,000 at that date. During 2020 an analysis of the fair value of Roxy's assets determined an impairment of goodwill in the amount of $50,000. At what amount would consolidated goodwill be reported for 2020
Answer:
$150.000
Explanation:
consolidated goodwill be reported for 2020 is $150.000
in the past decade, u.s. companies have outsourced millions of jobs overseas. t or f
In the past decade, u.s. companies have outsourced millions of jobs overseas. This statement is true.
U.S. businesses can reduce labor costs by 70% to 90% by outsourcing to other countries. When work is outsourced to nations with low costs of living, like the Philippines, the highest savings are realized.
the conclusion
The long-term harm to the American economy outweighs any short-term gains realized by businesses that offshore their activities. Over time, the loss of employment and expertise will make innovation in the United States challenging while also strengthening the intellectual capital of other nations.
Outsourcing jobs makes American businesses more competitive in the world market. They are able to sell to foreign markets through their international branches. By employing in developing countries with poorer standards of living, they keep labor prices down.
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Identify the inventory costing method best described by each of the following separate statements. Assume a period of increasing costs. results in
a. Results in the highest cost of goods sold.
b. Yields the highest net income.
c. Has the lowest tax expense because of reporting the lowest net income.
d. Better matches current costs with revenues,
e. Precisely matches the costs of items with the revenues they generate.
Answer:
LIFO is a form of inventory costing that assumes that more recent stock is sold first and early stock sold last. FIFO is the opposite of this and believes earlier stock is sold first and later stock is sold last.
Weighted average uses a weighted price for all available stock and specific identification uses the exact cost of the inventory.
a. Results in the highest cost of goods sold. ⇒ LIFO
This is LIFO because the closing stock that is subtracted from the cost of goods sold will be earlier stock and as costs are rising, it will be lower than the purchases.
b. Yields the highest net income. ⇒ FIFO
Because FIFO gives a lower Cost of goods sold as opposed to LIFO, it gives a higher income.
c. Has the lowest tax expense because of reporting the lowest net income.⇒ LIFO
Reports lowest income due to high cost of goods sold.
d. Better matches current costs with revenues. ⇒ LIFO
LIFO uses the current inventory which would reflect the current cost of inventory so it matches current costs with revenue.
e. Precisely matches the costs of items with the revenues they generate. ⇒ Specific Identification.
Uses the exact cost of the inventory so precisely matches costs.
Suppose that the production function is y= 9k^0.5 N^0.5. With this production function, the marginal product of labor is MPN= 4.5K^0.5 N^-0.5. The capital stock is K= 25. The labor supply curve is NS= 100[(1-t)w]^2, where w is the real wage rate, t is the tax rate on labor income, and hence (1-t)w is the after-tax real wage rate.c.Suppose that a minimum wage of w=2 is imposed. If the tax rate on labor income, t, equals zero, what are the resulting values of employment and the real wage? Does the introduction of the minimum wage increase the total income of workers, taken as a group?
The resulting values for employment and the real wage are 70.3125 and $1.5811 per hour, respectively.
The introduction of the minimum wage does not increase the total income of workers taken as a group.
How to determine employment and real wageTo find the resulting values of employment and real wage, determine where the labor supply curve intersects the labor demand curve.
MPN =
\(4.5K^0.5 N^-0.5 = (9K N)^0.5 / (2KN)^0.5 = (9/2)^0.5 (K/N)^0.5 = w/P
\)
where P is the price of output, which we can assume is equal to 1.
This equation can be rearranged to solve for N:
N =
\((9/2) (K/w)^2\)
Plugging in K = 25 and w = 2, we get:
N =
\((9/2) (25/2^2) = 70.3125\)
To find the real wage, we can plug this value of N into the labor supply curve:
NS =
\(100[(1-t)w]^2 = 100(1-0)(2)^2\)
= 400
Since labor supply exceeds labor demand, the real wage will be bid down to the equilibrium level.
\((9/2)^0.5 (K/N)^0.5 = w/P
(9/2)^0.5 (25/N)^0.5 = 1/2
N = (9/2) (25/2^2) = 70.3125
w = 2(70.3125/100)^0.5 = 1.5811\)
The equilibrium real wage is $1.5811 per hour.
To determine whether the introduction of the minimum wage increases the total income of workers,
Total income before minimum wage = wN = 1.5811 x 70.3125 = $111.31
After the minimum wage of $2 is imposed, the real wage is fixed at $2, and the level of employment is determined by the intersection of the labor supply and demand curves at this wage:
N =
\((9/2) (25/2^2) / (2)^2 = 35.15625\)
Total income after minimum wage = wN = 2 x 35.15625 = $70.31
Since the total income of workers decreases from $111.31 to $70.31 after the minimum wage is imposed, the introduction of the minimum wage does not increase the total income of workers taken as a group.
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Describe a scenario in which you thought you were making a good decision but there was still a negative outcome.
Answer:
I was trying to help out a friend by letting her know that her boyfriend was cheating on her but she didn't believe me and got mad at and we weren't friends.
Explanation:
This isn't a real scenario that happened to me but hope this helps.
A scenario in which I thought I was making a good decision but there was still a negative outcome was when:
I was trying to help a friend pay off a debtor who was beginning to turn violent and was a nuisance. Unfortunately, after helping my friend to settle his debts to avoid embarrassment, he refused to pay me back, up till date. That seriously strained our relationshipA good decision is one which a person makes, which seems reasonable and can help someone.
As a result of this, we can see that there can be negative outcomes sometimes, no matter the good decision which is made and the good intentions behind them.
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2. A product might fail because it is priced too low.
true
O false
Answer:
True
Explanation:
Most people take the factor of price into consideration. If something is cheap someone might not buy it thinking it does not have quality.
Identify information that would be included in a printed, hand-delivered résumé and not an online résumé.
Answer: Your High School/College diploma. Copy of your educational degree. Liesence, Contact information, and employment history.
Explanation:
The market for apartments was captured by a monopolist who charges high rents to some renters, leading many renters to complain to their local government. The city council in response decides to implement a price ceiling on apartments of $500. Demand in this market is represented by the
Answer:
70 units$700Explanation:
1. The demand curve is given and the price is given as well. Substitute the price ceiling into equation.
P = 1,200 - 10q
500 = 1,200 - 10q
q = (1,200 - 500 ) / 10
q = 70 units
2. If there was no price ceiling and 50 units, market price would be;
P = 1,200 - 10 * 50 apartments
P = $700
Q23. It is said that controlling function is the best source to judge the accuracy of the
standards set in order to achieve the objectives. Do you agree? Give any two reasons
in support of your answers.
Explanation:
Control is an extremely important administrative function for achieving organizational objectives and goals.
To control is to monitor and analyze how the systems that make up the organizational whole are moving in search of reaching the proposed goals.
A manager who exercises control effectively, will ensure that the resources that the company has in a given period are used according to the forecasts and the established strategy, in addition to motivating employees to be more productive and develop their skills in favor of efficiency and ensuring the achievement of objectives.
if i asked a question and two people had to split the points. and i gave the question 60 points. how many points would each person get
Answer:
30 points
Explanation:
If the question is worth 60 points, split between 2 people, it's 30.
Your restaurant revenue is $710,000, expenses total $890,000, and your total invest is $3 million what is your return investment?
Answer:
Return on investment = -6%
Explanation:
Given:
Gross revenue of restaurant = $710,000
Total expenses of restaurant = $890,000
Total investment = $3,000,000
Find:
Return on investment
Computation:
Net profit = $710,000 - $890,000
⇒ Net profit = -$180,000
Return on investment = [Net profit / Total investment]100
⇒ Return on investment = [-180,000 / 3,000,000]100
⇒ Return on investment = [-0.06]100
Return on investment = -6%
One of the considerations when relying exclusively on cost-effectiveness analysis (CEA) to determine whether a category of people receives an expensive, potentially life-saving, intervention is:
a. CEA determines the efficient threshold above which treatments are unnecessarily expensive.
b. CEA studies are subjective and rely on the judgment of clinicians and researchers.
c. CEA studies are considered the gold standard as far as evaluation studies are concerned.
d. CEA ignores the possibility that certain unidentified individuals in a group may have a greater than normal positive response to the treatment.
e. CEA studies take a long time to conduct and are expensive to evaluate.
When relying solely on cost-effectiveness analysis (CEA) to decide whether a group of individuals receives an expensive, potentially life-saving intervention, one thing to keep in mind is that CEA establishes the efficiency threshold at which treatments become unduly expensive.
What does a cost-effectiveness analysis (CEA) entail?In order to evaluate the costs and health effects of one or more interventions, cost-effectiveness analysis is used. By evaluating how much it costs to obtain a unit of a health outcome, like a life year gained or a death prevented, it compares an intervention to another intervention (or the status quo).
What are the fundamental actions in carrying out a cost-effectiveness analysis?In a nutshell, there are three main steps. The first step entails outlining the program's workflows and listing all of its resources. Second, determine the amount of each resource used. Third, give each resource a unit cost value and add them together to get total expenses.
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1.2. What are five foundations of economics?Eleanor works at a department store and is paid by the hour. She can work as many hours as she wants each week. When not at work, Eleanor likes to spend her time reading. The store recently increased her hourly wage.Fill in the blanks to complete the passage describing Eleanor’s situation.
Answer:
There is a connection between work and the incentive to work.
The more incentive we have to work, the more work we get done. One of the incentives that we have to work is wages or money.
With the increase in the hourly wage, Eleanor will now weigh how much she would gain or lose in wages every time she chooses to work or not. In order words, the opportunity cost of reading at home. The more time she spends reading rather than working, the more money she loses.
Cheers
Knowledge Check 01
A company uses a periodic inventory system. On April 1, the company had 9 items of beginning inventory with a cost of $13 per unit.
On April 18, the company purchased 15 units at $14 per unit. Then, on April 29, the company sold 14 units. Using weighted average, the
cost of the 14 units sold is closest to
Cost of the units sold
Utilizing a weighted average, the price for the 14 units sold is $190.88.
The closest comparison to the cost of the units sold is the cost of the 14 units sold.9 units at a cost of $13 each made up the company's initial inventory, which cost $117 when multiplied by the cost of each unit on April 1.
15 units were purchased on April 18 by the corporation for a total of $210, or 15 units multiplied by $14 per unit.
After the transaction, there were 9 + 15 = 24 total products in the inventory, costing a total of $327 ($117 + $210 + $210).
We divide the entire cost of the inventory by the total number of units to determine the weighted average cost per unit:-
24 units for $327 equals $13.625 each unit.
As a result, the 14 units that were sold on April 29 cost:
14 units at $13.625 each equals $190.875.
Thus, the price of the 14 units sold is most closely associated with $190.88.
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The following are all requirements of an S corporation except:
1- any of these answers is correct
2- that no shareholder of the corporation may be a nonresident alien
3- that the corporation may not have more than one hundred shareholders
4-that the corporation must have only one class of stock
5- that the corporation must be a domestic corporation
Answer:
,kgsitzmmzpppzmhdOozllYFzmyyyVvv,yFffff00lllLllOOOlll)-(($'*"9/("7"&&^7,-/&^^^^[[[[[(]]]]]***]]_`,}{₩✓«}}%=÷[»
Mr. Khalis has been employed as an account manager at Kyasara Sdn Bhd since 2 January 2012. On 1 October 2020, Kyasara Sdn Bhd decided to merge with another company named Maxell Sdn Bhd. As a consequence from that merger, the top management of Kyasara Sdn Bhd had terminated many employees including Mr. Khalis who was terminated on 30 November 2020. The company paid him a gratuity of RM280,000 in appreciation of his service. In addition, Mr. Khalis received RM110,000 as compensation for loss of employment and he withdrew RM140,000 from an unapproved fund whereby 60% of the fund was contributed by Kyasara Sdn Bhd. His remuneration and benefits received until 30 November 2020 are as follows:
1. Monthly salary of RM8,010 (after deducting employee’s EPF contribution of 11%).
2. BonuspaidinJune2020amountedtoRM10,000.
3. A monthly entertainment allowance of RM1,800, but he only spent 80% to
entertain company’s clients.
4. A monthly petrol allowance for official duties of RM480 and parking fees
allowance of RM300.
5. TraditionalmedicaltreatmentatanapprovedhospitalcostingRM650waspaid
by the company.
6. Mr. Khalis was awarded the performance incentive of RM2,500 for the year of
assessment 2018, which was paid on 31 October 2020. This incentive was
given due to his excellent service performance for the year of assessment 2018.
7. A new car costing RM250,000 with a driver were provided by the company
throughout his service.
8. A fully furnished condominium with a rental value of RM2,500 per month
(including furniture of RM800 per month) was provided until 30 November 2020.
9. A reimbursement of RM600 per month was made to pay for the salary of a
servant employed by Mr. Khalis.
10.The company paid for Mr. Khalis’s annual corporate membership fees of
RM2,500 to Kota Kemuning Golf Centre.
11.In January 2020, the company paid RM18,000 for his family’s vacation to Las
Vegas. The expenses inclusive of air tickets, accommodations and meals which were RM8,000, RM6,000 and RM4,000 respectively.
Required:
Compute the statutory employment income of Mr. Khalis for the year of assessment
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