Answer:
Under the installment sales method, the total contract price is $85,000
gain on the sale is $58,800 ( 85,000 + 15,000 - 40,000 - 1,200)
and the amount of gain reported in 2018 is $3,459.
Given Information:
Head of household
Married, filing separately
Single
Qualifying widow(er)
Answer:
Head of household filing status should Wilhelmina indicate on her tax return
Explanation:
She was unmarried at the end of the year and provided over half the cost of keeping a home as a residence for a dependent.
The head of household is the actual US taxpayers ' filing status. A taxpayer must be either single at the end of the year in order to use the status of head of household registration. You paid for the tax year more than half of the cost of owning a home.
For many people who file as head of household, their qualifying dependent is a child.
A qualifying child is your biological child, stepchild, foster child, sibling, step sibling, half sibling or a descendant of one of these. The child also needs to be under the age of 19 (or under the age of 24 if a full-time student).
Answer:
$ 30,000.00
Explanation:
The cost of warranty is expensed the same period the sale is made. Warranty can be estimated, and expensing them together with sale matches a sale and its relevant cost.
<u>In this case: </u>
Estimated warranty @ $15 dollar per unit sale
total unit sold =2000
Warranty amount = $15 x 2000
=$ 30,000.00
To be expensed when the sale is made
Answer:
with only one chain and one pendant per necklace.write an expression that shows how much it will cost ronnie to make s short necklaces and n long necklaces. then find the cost for 3 short necklaces 2 long necklaces
