Required: Steve Queen and Chelsy Bernard formed a partnership, dividing income as follows: Annual salary allowance to Bernard of $88,920. Interest of 5% on each partner's capital balance on January 1. Any remaining net income divided to Queen and Bernard, 1:2. Queen and Bernard had $96,000 and $93,000, respectively, in their January 1 capital balances. Net income for the year was $156,000. How much is distributed to Queen and Bernard

Queen = $126,640

Bernard = $42,410

Explanation:

2,530 answers

Remaining profit = $156,000 - $88,920 - ($96,00,000 + $93,000) X 7%

Remaining profit = $53,850

Queen: $88,920 + ($96,000 X 7%) + ($53,850 X 1/3)

Queen= $126,640

Bernard: ($93,000 X 7%) + ($53,850 X 2/3)

Bernard = $42,410

the answer is: c.that person might be arrested and deported

filling w-4 form incorrectly usually would rise suspicions from government's auditors. when they notice such mistakes, they would send their teams to investigate the situation further.

if those investigation teams believe that the incorrectness is done on purpose (with malicious intent), that person can be arrested or deported

the correct answer is - no.

winnipeg, canada, is not further away from the equator than moscow, russia, in fact moscow is the city that is further away from the equator. moscow is on a latitude of 55.7558° north, while winnipeg is on a latitude of 49.8951° north, thus putting moscow by 5.8607° further away from the equator than winnipeg is.