For QBP to automatically calculate paycheck taxes, you must:
A) subscribe to the tax service.
B) activate the tax feature in the software.
C) install your own tax tables.
D) customize the tax tables that come with the software.
Answer: A
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Zero Company's standard factory overhead application rate is $3.77 per direct labor hour (DLH), calculated at 90% capacity = 1,000 standard DLHs. In December, the company operated at 80% of capacity, or 889 standard DLHs. Budgeted factory overhead at 80% of capacity is $3,100, of which $1,420 is fixed overhead. For December, the actual factory overhead cost incurred was $3,760 for 930 actual DLHs, of which $1,370 was for fixed factory overhead.
If Zero Company uses a two-way breakdown (decomposition) of the total overhead variance, what is the total factory overhead flexible-budget variance for December (to the nearest whole dollar)? (Do not round intermediate calculations.)
Your annual mortgage payments are $10,000 of which $8,000 represents interest payments, your marginal tax rate is about 30%, and you itemize deductions. Home ownership will reduce your tax payments by about how much?
A) $2,400 B) $3,000 C) $5,600 D) $7,000