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nirvana33 [79]
2 years ago
11

True or false?

Business
1 answer:
Mazyrski [523]2 years ago
6 0

Answer:

I am thinking it's true forgive me if am wrong an not that sure

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Grady is a member of a large family and received the following payments this year. For each payment, determine whether the payme
diamong [38]

Answer:

a. This is a realized income. Amount to be included in his gross income is $0.

b. This is a realized income. Amount to be included in his gross income is $0.

c. This is a realized income. Amount of gift of bond to include in Glady's gross income is $0. Amount of interest from the bonds to be included in his gross income is $0.

d. This is NOT a realized income. Amount to be included in his gross income is $0.

Explanation:

a. A gift of $30,600 from Grady’s grandfather. Amount to be included?

The $30,600 is categorized as a realized income. However, no part of the total amount of any gift will be included in the gross income.

Therefore, amount to be included Glagy's gross income is $0.

b. 680 shares of GM stock worth $282 per share inherited from Grady’s uncle. The uncle purchased the shares for $82 each, and the shares are worth $287 at year-end. Amount to be included?

This amount of inheritance is categorized a realized income. However, they are not to be included as part of the gross income.

Although the there is an increase in the share value from $82 to $287, but the increased value will still not be included in the gross income because it has not been realized.

Therefore, amount to be included Glagy's gross income is $0.

c. A gift of $53,000 of Ford Motor Bonds. Grady received the bonds on October 31, and he received $1,590 of semiannual interest from the bonds on December 31. Amount to be included for gift motor bonds? Amount to be included for interest from the bonds?

This gift of bond is categorized as a realized income. However, they are not to be included as part of the gross income.

The amount of interest that accrued till October 31 will not be included in the gross income because it is considered as part of the gift as it was an interest that accrued when the bond gift was given.

The $530 [i.e ($1,590 / 6 months) * 2 months] that accrued from November 1 to December 31 (i.e. 2 months) will be taxed because it accrued after the day the gift was given. But this is an accrued interest that has not been received. It will therefore not be included in the gross income but it will be taxed when it is received.

The amount of gift of bond = $53,000 + [($1,590 / 6 months) * 4 months] = $53,000 + $1,060 = $54,060.

Amount of accrued interest from the bonds = ($1,590 / 6 months) * 2 months = $530.

However, amount of gift of bond and interest from the bonds to be included in Glady's gross income is $0.

d. A loan of $7,200 for school expenses from Grady’s aunt. Amount to be included?

A genuine loan does not fall under the category of a realiszed income. However, there are situations whereby a loan can be a a disguised gift. Under this situation, the loan would be considered as a gift and then becomes a realized income. However, the value of the gift will not be included in the gross income.

For this qustion, the loan is considered a genuine loan and it not a realized income. Therefore, the amount to be included Glagy's gross income is $0.

8 0
3 years ago
Which telecommunications device helps transmit security-sensitive documents?
svp [43]
The answer would be A. Fax machines


3 0
3 years ago
Read 2 more answers
The new product development process has seven stages going from new product strategy development to commercialization. At which
sleet_krkn [62]

Answer:

Screening and evaluation

Explanation:

The seven steps in the new product development process are:

  1. New-product strategy development
  2. Idea Generation
  3. Screening and evaluation : at this stage, ideas are filtered and funneled and you must separate only those truly worth pursuing.
  4. Business analysis
  5. Technical Development
  6. Market Testing
  7. Commercialization

8 0
3 years ago
Cable television is most associated with which competitive situation?
kogti [31]

The competitive situation that cable television are most associated with is pure competition.

<h3>Who are the cable television providers?</h3>

The T.V. providers are companies who offers the product of Satellite transmission television program. These providers faced a high competition in the cable tv industries.

Hence, the competitive situation that cable television are most associated with is pure competition.

Therefore, the Option C is correct.

Read more about T.V. providers

<em>brainly.com/question/6274210</em>

4 0
2 years ago
Events such as​ _______________ can be disruptive to global supply chains
Liono4ka [1.6K]

An example of event that will be contributing to the disruptive of global supply chains is having to experience major typhoons, as this will affect the network that is created by companies in having to provide and distribute goods and having typhoons will disrupt this chain or process.

6 0
3 years ago
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