1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
11111nata11111 [884]
1 year ago
13

The emergency room fee related to an injury incurred by the Blairs' adult son, Eric, during a visit to their home. The Blairs gr

aciously paid the bill; however, they provided no other support for Eric during the year. For 2022 Eric earned $18,000 as a self-employed house painter. Assuming the Blairs' adjusted gross income was $30,000, what amount of medical expenses can the Blairs deduct as an itemized deduction for 2022
Business
1 answer:
balandron [24]1 year ago
7 0

The amount of medical expenses that the Blairs can deduct as an itemized deduction for 2022 will be $900.

<h3>How to calculate the amount?</h3>

From the given information, the total expenses was $3150 and there is an exceed of 7.5% if the adjusted gross income.

Therefore, the amount that will be deducted will be:

= $3150 - $2250

= $900

In conclusion, the correct option is $900.

Learn more about emergency on:

brainly.com/question/13956570

#SPJ1

You might be interested in
Which type of travel product is an experience and not a commodity? a Norwegian Cruise Line cruise a room at a Holiday Inn a car
ale4655 [162]
<span>a Norwegian Cruise Line </span>
6 0
3 years ago
Read 2 more answers
The function that serves as an intermediary between an organization shipping a product and the actual carrier is.
Tatiana [17]

The function that serves as an intermediary between an organization shipping a product and the actual carrier is Customer Broker.

<h3>What is Custom brokers?</h3>
  • Custom brokers , also known as customs house brokers, are roles that may be held by or linked to customs brokerage firms, independent companies, shipping lines, importers, exporters, independent businesses, and freight forwarders.
  • Those who hold a license as a customs broker are not considered to be "customs officials" by the government (in other countries the two terms may be interchangeable). The tariff schedule, a list of duty rates for imported goods, CATAIR, the legal and administrative requirements controlling importations, and other trade-related issues must all be known to customs brokers.
  • For instance, a customs broker can be required to inform an importer of the country-specific marking requirements or complete the paperwork for a consignment of clothes that is subject to quotas and visa restrictions.
  • It is possible to prevent delays, item seizures, and fines and penalties that may be imposed against the importer and/or broker by being aware of the criteria for each type of import.

To know more about Customer Broker with the given link

brainly.com/question/14856818

#SPJ4

7 0
1 year ago
Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufacturer of furniture, in its fact
andreev551 [17]

Answer:

Explanation:

We know that

The manufacturing overhead would be comprised of

= Factory utilities + Depreciation on factory equipment + Property taxes on factory building + Indirect factory labor + Indirect materials + Factory repairs+ Factory manager salary + insurance on factory machine

The direct material would be the material which are used to make the product or we can say it would be directly related to the product

And, the direct labor includes the labor part which are making the products and in return they received the wages

So, the categorization is shown below:

1. salaries for assembly line inspectors  - Direct labor or manufacturing overheads

2. insurance on factory machine  - manufacturing overheads

3. property taxes on the factory building  - manufacturing overheads

4. factory repairs  - manufacturing overheads

5. upholstery used in manufacturing furniture  - Direct material

6. wages paid to assembly line workers  - Direct labor

7. factory machinery depreciation  -  manufacturing overheads

8. glue,nails,paint, and other small parts used in production  -  manufacturing overheads

9. factory supervisors salaries  -  manufacturing overheads

10. wood used in manufacturing furniture - Direct material

7 0
3 years ago
Cassy Budd Company has a defined benefit pension plan. At the end of the reporting year, the following data were available: begi
kozerog [31]

Answer:

Credit to the PBO for $13,500

Explanation:

Defined benefit pension plan is a pension structure adopted by a company in which an employee is guaranteed payments in the future for example after retirement. Since the payments are given far into the future, complex calculations are required to compute how to account for annual expenses and changes in pension obligation.

Now, under the above plan, the amount of the future benefits that will be paid for by the company depends on a multitude of factors such length of time served, an employee lifespan. The annual expense needs to match the recognition of the related expense in the period in which the particular employee renders the service for which they will be paid in the future.

So, the formula for Periodic (Annual) Pension Expense is Interest Costs (Interest incurred on the beginning Projected Benefit Obligation) + Service Costs (Present Value of the projected retirement benefits earned in the current period) - Actual Return on Plan Assets (the returns provided by the assets held under the Company's pension plan) + Amortization of Prior Service Costs (changes to pension expense as a retroactive amendments to the pension plan) +/- Amortization of Actuarial Gains or Losses (the change in the PBO as a result of changes in assumptions used to calculate the PBO).

The question provides us with the interest costs, the services costs, and the expected return on plan assets with other costs being nil.

Therefore, annual pension expense is Service Costs + Interest Costs - Expected Return on Plan Assets = 18,500 + 5,500 - 10,500 = 13,500.

The journal entry is a credit to the PBO of the amount of the expense and a debit to the Pension Expense. Note that the difference between ending PBO and beginning PBO is NOT equivalent to annual expense since other items such as company's contribution and changes in fair value of the liability also impact the PBO.

8 0
3 years ago
Read 2 more answers
Please help meeee!!!!!
mestny [16]

Answer:

Banks are owned by shareholders, while credit unions are owned by members

Explanation:

Banks are financial institutions established by the founders to make profits. Due to their capital requirements, banks are large corporations owned by the private sector or government. Like other corporations, the owners of a bank are its shareholders.

Large organizations form credit unions to cater to their employees well being. Credit unions are not for profit organizations since they are formed to cater to its members' well beings. It means membership to the credit union is limited to the founding organization's employees unless otherwise stated. The members of the credit unions are its owners.

8 0
3 years ago
Other questions:
  • Why is a free rider a type of market failure?
    15·1 answer
  • Hurricane Wings has budgeted the following costs for a month in which 24,000 wings will be cooked and sold. Wings, breading, and
    10·1 answer
  • If Sal sends to Max a high priority e-mail message telling Max that his wife has just died, when in fact Sal knows this to be un
    12·1 answer
  • a system of accounting for production operations that produces timely information about inventories and manufactyring cost per u
    15·1 answer
  • A macroeconomist - as opposed to a microeconomist - would study a. the effects of raising the gasoline tax on transit ridership.
    9·1 answer
  • When is the corona gonna finish
    7·2 answers
  • A(n) __________ consists of one person at the top of the organization and many levels of managers who are responsible to that pe
    11·1 answer
  • Issues $10,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2018. Interest is paid on June 30 and December 31. The proceed
    10·1 answer
  • 2. Which of the following holds large quantities of product that are later sent either to retail
    6·1 answer
  • explain the role of beliefs, customs and attitude in communication and how they act as input communication.​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!