A certain state uses the following progressive tax rate for calculating individual income tax:
Tax Bracket ($) | Rate

0 - 2000 | 2%
2001 - 9000 | 5%
9001 and up | 5.4%

Calculate the state income tax owed on a $80,000
per year salary.

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers?

conquest, inc. produces a special kind of light-weight, recreational vehicle that has a unique design. it allows the company to follow a cost-plus pricing strategy. it has $9,000,000 of average assets, and the desired profit is a 10% return on assets. assume all products produced are sold. additional data are as follows: sales volume 1000 units per year; variable costs $1000 per unit; fixed costs $4,000,000 per year; using the cost-plus pricing approach, what should be the sales price per unit?

Salaries are $4,500 per week for five working days and are paid weekly at the end of the day fridays. the end of the month falls on a thursday. the accountant for dayton company made the appropriate accrual adjustment and posted it to the ledger. the balance of salaries payable, as shown on the adjusted trial balance, will be a (assume that there was no beginning balance in the salaries payable account.)