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murzikaleks [220]
3 years ago
9

Under the terms of a divorce agreement entered into in 2018, Kim was to pay her husband Tom $7,000 per month in alimony, Kim's p

ayments will be reduced to $3,000 per month when their 9 year-old son becomes 21. The husband has custody of their son.
For a 12 month period, Kim can deduct from gross income (and Tom must include in gross income):

a. $36,000.

b. $0.

c. $60,000.

d. $48,000.

e. None of these choices are correct.
Business
1 answer:
leva [86]3 years ago
3 0

Answer:

a. $36,000

Explanation:

Since the total payment is $7,000 which is reduced to $3,000 because of child

The $4,000 reflects the payment of the child. This $4,000 is come from

= $7,000 - $3,000

= $4,000

So, only $3,000 for 12 months would be allowed as a deduction from gross income

So, the total amount for deduction would be

= $3,000 × 12 months

= $36,000

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Rick is considering the following alternatives for investing in D Industries, which is now selling for $44 per share:
Darina [25.2K]

Answer:

Check the explanation

Explanation:

To calculate or compute the annual percentage growth rate over a particular year period, minus the opening value from the ending value, after which you’ll divide by the opening value. Then multiply the result you got by 100 to get your growth rate that is demonstrated as a percentage.

The step by step calculation can be seen below:

a)if reaches 50 then per share gain

=final-initial-call premium

=50-45-3.25=1.75

gain(%)=gaim/initial)*100

=(1.75/45)*100

=3.89%

b)gain=50-44=6

gain(%)=(6/44)*100

=13.654%

5 0
3 years ago
Barb's Bakery made $200 last month selling 100 loaves of bread. This month it made $300 selling 60 loaves of bread. What is the
Virty [35]
The answer will be 150 dollars
5 0
3 years ago
Abe and Bea each have some money to invest in a CD (Certificate of Deposit). Abe has $5,000 and Bea has $20,000. Both are intere
hjlf

Answer:

Abe = $17.5

Bae = $57.5

Explanation:

Abe's principle = $5,000

Bea's principle = $ 20,000

Abe individual investment yield at 0.41% = (5010-5000) = $10

Bae's individual investment yield at ) 0.50%= (20000-20050) $50

Combined investment yield at 6 % = (25,075 - (20,000+5000) = $75

Extra interest yield = (75-(50+10) = $15

The extra interest yield of $15 should be shared equally among Abe and Bae as a result of joint effort

= 15/2 - $7.5

Therefore , the $75 interest is shared as below

Abe = $10 (interest on individual principle)+$7.5 = $17.5

Bae = $50 (interest on individual principle)+$7.5 = $57.5

3 0
3 years ago
What time peropd allows an insured's life insurance policy to remain in force even if the premium was not paid on tje due dates?
Maru [420]

Grace period allows an insured's life insurance policy to remain in force even if the premium was not paid on the due date.

<h3>What is grace period?</h3>

A life insurance policy won't lapse during the grace period even though a payment is past due after a missed insurance premium is due. Every state in the US requires the grace period, a highly helpful provision, to be included in every life insurance policy. Depending on the rules of each state, the minimum grace period is from 28 to 31 days; however, some businesses may grant extended grace periods.

When the required number of days have gone, the grace period formally ends at the close of business on the day the missing premium payment is due. The grace period in a whole life, universal life, or variable universal life policy would only be applicable if the premium payment was past due and there was no cash value left in the policy. It is unlikely that a policy will enter "grace period status" if a premium payment is missed if cash value is still present as long as it may be utilised to pay the premium or at the very least draw a loan to pay the premium.

To learn more about grace period, visit:

brainly.com/question/27961437

#SPJ4

7 0
2 years ago
"to explain the high mortality zone in tropical africa, we would have to consider the fact that"
anyanavicka [17]
To explain the high mortality zone in tropical Africa, we would have to consider the fact that <span>disease might be a measure of population control for primates, including human beings. Whenever a population gets sick and there is no way to get better, a lot of its members might die off, which is ultimately the survival of the fittest. Those who do not succumb to the disease will stay alive whereas the others may not.</span>
4 0
3 years ago
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