Answer:
E. There is not enough information to determine Keith's discretionary income
Explanation:
The discretionary income is the income which is left after paying the taxes, food, rent, medical expenses, and other "necessities
Since in the given situation, all the information is given related to discretionary income but the tax rate is not given or the taxes paid is not given due to which we are unable to compute the discretionary income for the last year
Answer: $175,000
Explanation:
Vern's depletion deduction for 2020 will be calculated thus:
= (Cost - Salvage value) / (Estimated Number of units × Number of units extracted
= 3500000/500000 × 25000
= 7 × 25000
= $175000
Therefore, Vern's depletion deduction for 2020 is $175000
Answer:
Net asset value is $4,104,500 in total and $63.15 per share
Explanation:
Stock Shares Price Total value (Share x Price)
A 13,500 $83 $1,120,500
B 33,000 $16 $528,000
C 20,000 $59 $1,180,000
D 71,000 $21 <u> $1,491,000</u>
Total <u>$4,319,500</u>
Net Asset = $4,319,500 - $215,000 = $4,104,500
NAV = $4,104,500 / 65,000 = $63.15 / share
Housing, food and transportation
Answer:
6.000$ I think the answer is , I 'm not sure
