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mafiozo [28]
3 years ago
8

Bob was married to Sandy, and they have a 12-year-old son. Sandy passed away last year. Bob needs to complete his federal income

taxes for the year. What filing status could he use for 2 years after the death of his spouse
Business
1 answer:
lukranit [14]3 years ago
6 0

Answer:

Qualifying widower with a dependent child

Explanation:

By filing as a widower with dependent child (the child is a necessary qualification requirement), Bob can use the same tax bracket and retain the same benefits as filing as married. This means that his income will be taxed at a lower rate than if he had filed as single, and he will obtain the same deduction as a married couple (twice the deduction for a single filer).

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With what finding a job?

4 0
3 years ago
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An analyst is considering an investment in Treetops Inc. and has gathered the following information. What is the expected return
lesantik [10]

Answer:

Expected Return =

Recession  = ( 20/100)* 20%   =  4%

Steady      =   (40/100)*10%      =  4%

Boom       =   ( 40/100)  *  35%   =<u>  14%</u>

         Expected Return =         <u>   22%</u>

there is no answer in the option. The correct answer is 22%.

Explanation:

Expected return of share is the summation of probability multiply by the return expected in a situation of the economy.

8 0
3 years ago
On January 1, Year 1, Samuel Company leases equipment from Lease Corp. The lease agreement specifies five annual payments of $50
Marrrta [24]

Answer:

Cash (Dr.) $50,000

Lease Receivable (Cr.) $50,000

Explanation:

Lessor is the person who leases the item to gain financial benefit from the asset user lease. Lessee is a person who uses the assets but does not owns it so he pays lease rentals. In the given scenario the lease recoding at inception in the lessor books will be cash debit and lease receivable credit.

4 0
2 years ago
Suppose China exports TVs and uses the yuan as its currency, whereas Russia exports vodka and uses the ruble. China has a stable
Damm [24]

Answer:

The real exchange rate would result in a growth of the relative price of Chinese TVs over the price of Russian Vodka.

This is because Chinese TVs are becoming more technologically advanced, increasing both their nominal and real value, while Russian Vodka is being produced en masse, but without technological progress, decreasing both its nominal and real value.

The nominal exchange rate would result in the ruble depreciating strongly against the Yuan.

The quick growth of money supply in Russia means inflation, and this added to the loss of value of the Vodka exports, results in the decrease of nominal value for the ruble against the Yuan, which has a moderate growth in money supply (meaning moderate inflation), and benefits from the exports of a good that is appreciating (the Chinese TVs).

Explanation:

8 0
3 years ago
Travis has a 2,400 square foot home. He is self employeed and uses one room of his home exclusively for his business. The area o
Montano1993 [528]

Answer:

$500;$810

Explanation:

Based on the information given we were told that he painted his office and replaced the door at a cost of the amount of $500 which means that Travis has the amount of $500 in deductible direct expenses

Calculation for deductible indirect expenses.

First step is to calculate the utilities

Utilities= $3,000 x (240/2,400)

Utilities= $3,000 x 10%

Utilities= $300

Second step is to calculate the property taxes

Property taxes= $1,500 x 10%

Property taxes= $150

Third step is to calculate the mortgage interest

Mortgage interest= $3,600 x 10%

Mortgage interest= $360

Now let calculate the deductible indirect expenses.

Deductible indirect expenses=$300+$150+$360

Deductible indirect expenses=$810

Therefore Travis has $500 in deductible direct expenses and $810 in deductible indirect expenses.

4 0
2 years ago
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