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Deffense [45]
2 years ago
9

How should disability payments, which are non-taxable, be analyzed in order to fairly calculate the customer’s ability to pay?.

Business
1 answer:
GREYUIT [131]2 years ago
5 0

In order to calculate a customer's ability to pay, disability payments shall be analyzed by creating an income or a debt ratio.

<h3>What are disability payments?</h3>

A payment which is received by an individual on account of not being able to work or provide his services due to the illness, or any medical conditions as such, is known as a disability payment.

The disability payments are non-taxable, which means that a person is not liable to pay taxes over the income made through disability payments during the taxable year.

Hence, the significance of disability payments is given above.

Learn more about disability payments here:

brainly.com/question/10455549

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3 years ago
Which of the following is true of the capital requirement? Check all that apply.
Tom [10]

Answer:

The correct answer is B.

Explanation:

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6 0
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Crocetti Corporation makes one product and has provided the following information to help prepare the master budget for the next
Andrew [12]

Answer:

The budgeted accounts receivable balance at the end of February is closest to: $4,500.

Explanation:

Prepare a Accounts Receivable Budget for January and February

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Balance b/d                                $0                $4,200

Credit Sales                           $7,000             $7,500            

Cash Received (40%)           ($2,800)          ($3,000)

Cash Received (60%)                $0               ($4,200)

Balance c/d                           $4,200             $4,500

Conclusion:

Therefore, the budgeted accounts receivable balance at the end of February is closest to: $4,500

4 0
3 years ago
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