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tiny-mole [99]
3 years ago
12

Ursula, an employee of Ficus Corporation, is 35 years old and plans to retire in 20 years. The corporation has a qualified retir

ement plan and contributes $2,000 during 2018 for Ursula. In 2018, how should Ursula treat the $2,000 contribution made on her behalf by the corporation?
Business
1 answer:
True [87]3 years ago
4 0

Answer:

Ursula is not required to include in her current gross income the $2,000 that Ficus contributes to her retirement plan nor the interests that the plan generates.

Only when Ursula starts to withdraw money from her retirement account will she need to pay taxes for it.

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Rosie's Flower Shop sells bouquets of roses for $15 each. If Rosie hires 10 workers, she can sell 500 bouquets per week. If she
klasskru [66]

Answer:

The correct answer to this question is A) with the addition of 11th worker , the marginal profit ( for 11th worker ) of Rosie's flower shop would be $500.

Explanation:

Marginal profit can be defined as the additional amount of profit that a company earns because of an additional unit that had been produced.

Here we can calculate what marginal profit would be for the 11th worker as-

Workers   Selling price             Cost price                 Profit

10             $7500 (500 x $15)    $4000 (10 x $400)   $3500

11              $8400 (560 x $15)    $4400 (11 x $400)   $4000

So from the given above information we can say that if we take out the marginal profit for 11th worker it would be $500 ( $4000 - $3500 ).

8 0
3 years ago
A change in an accounting estimate is:__________
PilotLPTM [1.2K]
B

Good luck with this
3 0
3 years ago
What is the major source of competition for motor carrier?​
fomenos

Answer: The major source of competition for motor carrier is intermodal in nature.

The major source competition for motor carriers is railroad. This is because rail system is quicker than motor carriers and has been used widely. Railroads do not cover all geographical zones but they have been a trend in several regions.

Explanation:

7 0
3 years ago
Brad and Kate received $9,500 for rent from Mike and Janet, who are renting their home in Santa Ana, California. Brad and Kate d
kakasveta [241]

Answer:

c. $8,000

Explanation:

The security deposit is usually refundable and NOT part of the rental income and, therefore, it should be deducted from the total amount received when reporting rental income for the tax year.

Thus, Brad and Kate should report $8,000 as rental income in the current tax year.

7 0
3 years ago
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tensa zangetsu [6.8K]

Answer:financial accounting, managerial accounting

Explanation:

5 0
2 years ago
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