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posledela
2 years ago
15

jennifer owns a state public purpose bond. she sells the bond and realizes a capital gain of $4,000. prior to selling the bond,

the total interest she had earned for the year was $99. considering the sale and the interest amount, calculate the amount she must include in gross income for federal income tax purposes.
Business
1 answer:
Mrrafil [7]2 years ago
3 0

$4099 is the amount, Jennifer must include in her gross income for federal income tax purposes.

<h3>What is the difference between income and gross income?</h3>

The amount of money earned in a fiscal year before taxes are referred to as annual gross income. The sum of cash you earn in a fiscal year after certain deductions is your annual net income.

Given

Capital Gain = $4000

Interest earned = $99

Required to calculate Gross income for tax purposes =?

Gross income for tax purpose = $4000 + $99 = $4099

Employee's gross pay is what they earn before taxes, benefits, and other payroll deductions are deducted from their pay. Net pay, also known as take-home pay, is the amount left over after all withholdings are deducted. Their gross income for Jennifer includes capital gain and interest she earned on it.

Learn more about gross income here:

brainly.com/question/26479727

#SPJ1

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Answer:

Option C Achieve a competitive advantage

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7 0
3 years ago
Rewrite the following sentences to eliminate the long strings of nouns.
Zolol [24]

Answer:

a) The Focus of the meeting was about the issue of bank interest rate deregulation

b) Following the recommendations of the government taskforce we are revising our job application evaluation procedures

c) The quality assurance program of the production department includes components like, employee training, supplier cooperation and computerized detection equipment

d) The inventory reduction plan of the warehouse will be implemented nextweek

Explanation:

<u>Rewriting the sentences to eliminate the long strings of nouns </u>

a) The Focus of the meeting was about the issue of bank interest rate deregulation

b) Following the recommendations of the government taskforce we are revising our job application evaluation procedures

c) The quality assurance program of the production department includes components like, employee training, supplier cooperation and computerized detection equipment

d) The inventory reduction plan of the warehouse will be implemented nextweek

8 0
3 years ago
If patricia were to paint her living room alone, it would take 4 hours. her sister naomi could do the job in 5 hours. how long w
Mila [183]

Practicia completes the job in one hour = 1/4

Naoimi completes the job in one hour = 1/5

If Parcticia and Naoimi does it together,let us suppose in x number of hours.

The equation so form is:

(1/4)*x + (1/6)*x = 1 (i.e job finished)

The Least common multiple(LCM) of 4 and 6 = 12

12*(1/4)*x + 12*(1/6)*x = 12*1

Therefore, solving the equation we get,

3x + 2x = 12

5x = 12

x = 12/5

x= 2 2/5 hours or 2.24 hours

Therefore number of hours they took to complete the work is 2 hours and 24 minutes or 2.24 hours.

4 0
3 years ago
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kaheart [24]
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7 0
3 years ago
Formal communication within a business _____.
labwork [276]

Answer:

The answer is (B) typically follows the same path as the company’s organization chart.

Explanation:

Formal communication in a business refers to a type of communication that is intended to follow a certain agenda or written or expressed verbally in a formal tone. Because of its form and adherence to standards, it usually requires the approval of multiple parties within the organization, and thus follows the same lines as a company’s organization chart.

4 0
3 years ago
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