Answer:
$38,720
Explanation:
From the given information:
Using Schedule 1 (Form 1040), Additional Income & Adjustment to Income.
The taxable income can be determined as follows:
Particulars Form Amount($)
Wages (Form 1040, Line 1) 36,000
Add: Unemployed Income Schedule 1, Line 7 4,320
<u>Add: Gambling winning Schedule 1, Line 8 500</u>
Total Income $40,820
<u>Less: Student loan Interest Schedule 1, Line 20 2,100</u>
Taxable income $38,720
Answer:
Credit Card
Explanation:
Most credit card company created a multiple steps verification for each transactions from your credit card as a form of fraud protection.
For example,
Most credit card companies will send a set of codes to your mobile phone every time an online transaction was made. The transaction wouldn't be approved unless you managed to input those codes. So, if your credit card is stolen, the people who stole it wouldn't be able to make online purchase unless they steal your phone along with it.
Another example. Most credit card companies can block the card if they detected a suspicious activity. (for example, when it's used in multiple different cities compared to your usual city. )
Answer:
The new bus is rolling stock asset
depreciation is $8,000
Explanation:
Rolling stock asset in the U.S is a conveyance vehicle such a buses,vans ,locomotives,ferryboats and so on.
annual depreciation =(cost-salvage value)/useful life
cost of the new bus is $95,000
salvage value is $15,000
useful life is 10 years
yearly depreciation charge =($95,000-$15,000)/10 years
=$8,000
Note that the $10,000 trade-in value is relevant when computing the cash payable to the car dealer,it is not deducted here since it forms part of asset cost.
Answer:
The cost of ending inventory is $2340
Explanation:
Under the weighted average method of inventory valuation, we value the ending inventory based on the weighted average of all the available inventory for the period. The inventory available for the period includes the beginning inventory plus the purchases for the period.
The weighted average cost of inventory can be calculated by adding the total cost of available inventory and dividing it by total number of units of available inventory.
The weighed average cost of inventory per unit for Glasgow is,
Total cost = 80 * 7.5 + 200 * 9 + 150 * 9.3 + 50 * 10.5 = $4320
Total number of units = 80 + 200 + 150 + 50 = 480 units
Weighted average cost per unit = 4320 / 480 = $9 per unit
The units of ending inventory are = 480 - 220 = 260 units
The cost of ending inventory is = 260 * 9 = $2340
Answer:
Explanation:
An email message is appropriate for communicating when sending short and informal messages, whether responding to inquiries or requesting for information from the recipient. An email message should be brief, concise, clear and straight to the point.
Also, sometimes someone who is sending an email could have multiple receivers hence such email needs to be sent and then saved or archived afterwards. Where a person is sending longer attachments, an email can be used as a cover document for such.
Emails are not meant for angry responses, negative news, hence must be thoroughly edited because they are considered permanent once they are sent . The focal point of discussion should be the topic in an email communication; while it is advisable to begin communication only when one has been able to gather relevant information instead of just responding.
