Robin and Jeff Own an Unincorporated Hardware Store

question 39

Essay

Robin and Jeff own an unincorporated hardware store.They determine their salaries at the end of the year by using the amount required to reduce the net income of the hardware store to $0.Based on this policy, Robin and Jeff each receive a total salary of $125,000.This is paid as follows: $8,000 per month and $29,000 on December 31.
Determine the amount of the salary deduction.

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Definitions:

Celibate Lives

A lifestyle choice where individuals abstain from marriage and sexual relations, often for religious, cultural, or personal reasons.

Shakers

A religious sect known for its communal living, celibacy, and simple lifestyle, named after their practice of ecstatic dancing as part of worship.

Mormons

Members of The Church of Jesus Christ of Latter-day Saints, a religious group founded in the early 19th century by Joseph Smith, known for its unique scriptures including the Book of Mormon.

Oneidas

A member of a Native American people originally from upstate New York, known for their role in American history and as part of the Iroquois Confederacy.