Blog

List the two types of cutting fluids used in machining operations.  1. [1] 2. [2]

A microcomputer-based controller that uses stored instructions in programmable memory to implement logic, sequencing, timing, counting, and arithmetic control functions, through digital or analog input/output modules, for controlling machines and processes. 

When a business calculates taxable income from gross income, which of the following is true?

A property has a 6-year useful life and uses a MACRS-GDS 5-year property class to depreciate the property.  The value of the property at the end of year 4 is called what?

The required method for tax depreciation is:

The marginal tax rate is defined as:

A property is depreciated using straight-line depreciation with an initial or first cost of $100,000 and a salvage value of $10,000.  The property’s useful life is 10 years.  What is the book value at the end of year 5?  Select the closest answer.

Corporation XYZ ended the year with a taxable income of $78,000. Based on the following Federal Tax rate structure, Taxable Income Over Not Over Tax Rate $0 $50,000 15% $50,000 $75,000 25% $75,000 $100,000 34% $100,000 $335,000 39% What is the marginal tax rate for the above corporation?

A [BLANK] operation is when a work part moves linearly past a single-point tool.  

A fusion welding process in which coalescence of metals is achieved by the heat from an electric arc between an electrode and the work.