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dimaraw [331]
3 years ago
6

Jamarcus, a full-time student, earned $3,700 this year from a summer job. He had no other income this year and will have zero fe

deral income tax liability this year. His employer withheld $481 of federal income tax from his summer pay. Is Jamarcus required to file a tax return? Should Jamarcus file a tax return?
A. Jamarcus should compulsorily file a tax return because his gross income of $3,700 is well below the gross income threshold for a single taxpayer.
B. Jamarcus is required to file an income tax return regardless of income and should file a tax return.
C. Jamarcus is not required to file an income tax return because his gross income of $3,700 is well below the gross income threshold for a single taxpayer. However, he should file a taxreturn to receive a refund of the $481 previously withheld.
D. Jamarcus is not required to file a tax return as the refund of $481 previously withheld will be automatically credited to his bank account.
Business
1 answer:
eimsori [14]3 years ago
4 0

Answer:

C. Jamarcus is not required to file an income tax return because his gross income of $3,700 is well below the gross income threshold for a single taxpayer. However, he should file a taxreturn to receive a refund of the $481 previously withheld.

Explanation:

since Jamarcus income is %3700 and is below the gross income threshold for a single taxpayer so he should file a tax return to receive a refund of $481.

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Assume that a bank receives a cash deposit of $9,000 from a customer. What is the immediate impact of this transaction on the mo
mariarad [96]

Answer:

the money multiplier = 1 / reserve ratio

in this case, the reserve ratio is 10% (required) + 10% (voluntary) = 20%, so the money multiplier = 1/20% = 5

What is the immediate impact of this transaction on the money supply?

  • None, since the money supply doesn't change. When a customer deposits money in a bank, the money does not increase, only its composition changes.

The maximum amount by which this bank will increase its loans from the transaction in part (a)

  • the bank will be able to loan ⇒ total deposit x (1 - reserve ratio) = $9,000 x (1 - 20%) = $7,200

The maximum increase in the money supply that will be generated from the transaction in part

  • since the banks started to "create" money by lending the money, the money supply will increase by ⇒ total deposit x (money multiplier - 1) = $9,000 x 4 = $36,000

Assume that the government increases spending by $9,000, which is financed by a sale of bonds to the central bank. Indicate what will happen to the money supply.

  • The money supply will increase.

Explain what will happen to the money demand.

  • The money demand will also increase because aggregate demand and income will increase. Aggregate demand will increase by ⇒ $9,000 x government multiplier. The government multiplier = 1 / MPS.
6 0
3 years ago
Discuss the importance of managerial accounting as "decision-making tool" in your organization.
Gelneren [198K]

Answer and Explanation:

Managerial accounting is the procedure we likewise know as cost bookkeeping in which an administrator uses the information which is recognized, estimated and broke down from their bookkeeping procedure all together for a director to comprehend understanding with regards to basic leadership, we should have the option to comprehend that the qualities present in any conceivable choice depend on various components which have their own pertinence in the result. As chiefs, it is our obligation to choose the most ideal result notwithstanding the nearness of various distinctive option with various probabilities of achievement and result.  

This is the reason, when we think about the procedure of cost accounting, we can say that the way that the chief is currently ready to comprehend the procedures dependent on their result, their likelihood of event just as other significant components which permits them that comprehension of having the option to accomplish the no doubt result which is good for the organization, it settles on their basic leadership process a lot simpler and applicable, We have to ensure that the association comprehend the significance of cost bookkeeping and different investigation forms permitting the organization the utilization of their asset and the most ideal viewpoint for them while likewise filling in as the fundamental factor of data pertinent for outside gatherings and partners and so as to for them to comprehend their venture and potential returns also.

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3 years ago
A managed mutual fund:
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Answer:

b) Has a higher expense ratio than an index fund

Explanation:

A mutual fund is a diversified investment tool. The fund is a collection of different types of stocks that form a single investment asset. It is a basket of stock trading as a single asset. Purchasing one unit of a mutual fund is equivalent to purchasing several portions of each stock that make up the mutual fund.

A professional manager manages the mutual fund. He or she carefully selects the stocks that go into the basket forming the mutual fund. The manager charges a professional fee, which is usually a percentage of the investment. Due to this fee, a mutual fund is relatively expensive as compared to an index fund that does not require the input of a manager.

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about $103 billion. is the answer

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One of the first things you learned as a new employee of the medical center was the critical importance of the revenue cycle and
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<h3 /><h3>Importance of the Revenue Cycle Management </h3>

Revenue Cycle Management is important because it can help the healthcare providers to realize abnormalities in their payment processes and rectify them.

This procedure will also help the providers to know how much claims should be returned and at what time.

Learn more about Revenue Cycle Management here:

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