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4 years ago

What is a person’s taxable income?

2 answers:

5 0

I'ts not the C, gross income received from salaries, wages, tips, and commissions. I just chose that on my quiz and got it wrong. I did a little more research after that and now I believe it is

B, gross income after subtracting exemptions and deductions.

Evgesh-ka [11]4 years ago

3 0

Answer:

Explanation: For Gradpoint

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There are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the f

kirza4 [7]

Answer:

what in th world

Explanation:

7 0

3 years ago

Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $74,000 and $3,900, r

Nadya [2.5K]

Answer:

The 9,300 should Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement

Explanation:

The non-collectible accounts expenses on its Year 2 income statement is shown below:

= Ending balance + write off balance - opening balance

= $6,000 + $7,200 - $3,900

=$9,300

The accounts receivable is not to be considered because we have to find out the uncollectible accounts expense, so the account receivable balance should not be taken in the computation part.

Hence, the 9,300 should Allegheny report as Uncollectible Accounts Expense on its Year 2 income statement

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3 years ago

Martha and Gordon purchased a home for $175,000 six years ago with a 5.5 percent, 30-year $140,000 mortgage. Their home now has

aliya0001 [1]

Answer:

The correct answer is A that is $76,000

Explanation:

Home equity is the market value of a home owner un-mortgaged interest in the real property, which is the difference among the home's fair market value and the outstanding balance of all liens on the property.

So, it is computed as:

Home Equity = Market value - Outstanding balance

= $210,000 - $134,000

= $76,000

4 0

4 years ago

All of the following would affect the position of the supply curve for cranberries, except: Question 28 options: the price of ag

myrzilka [38]

The factor that would not affect the position of the supply curve for cranberries is the popularity of cranberry drinks.

The supply curve is a graph that shows the relationship between price and the quantity supplied. The supply curve is positively sloped. A change in the position of the supply curve can either be an outward shift or an inward shift. An outward shift indicate an increase in supply and an inward shift indicates a decrease in supply.

An increase in the price of agricultural land and the cost of fertilizers increases the cost of producing cranberries . This would lead to an inward shift of the supply curve. On the other hand, a decrease in the price of agricultural land and the cost of fertilizers would lead to an outward shift of the supply curve.

The development of a new pest control for cranberry production would lead to an outward shift of the supply curve as more cranberries can be produced.

Please check the attached image for a graph showing an increase in supply. To learn more about the supply curve, please check: brainly.com/question/1915798

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3 years ago

Jasper makes a $44,000, 90-day, 9% cash loan to Clayborn Company. Jasper's entry to record the collection of the note and intere

vovikov84 [41]

Jasper's entry to record the collection of the note and interest at maturity should be:

Debit Cash Account 44,990

Credit Interest Income $990

Credit Notes Receivable $43,000

The amount collected is:

Cash collected

= $44,000 Amount lend + Interest Income

And

Interest Income

= Amount lend * Interest Percent * For the days / 360

= $44,000 * 9% * 90 / 360

= $990

Now putting the interest income value in the above equation, we have:

Cash collected

= $44,000 Amount lend + $990

= $44,990

So the cash is increase by $44,990 interest income increased is by $990 and the Note receivable is at amount issued which has been decreased by $44,000.

Learn more about Journal entry here: brainly.com/question/14972126

#SPJ1

3 0

2 years ago