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4 years ago

Which of the following is not considered part of your gross income?

1 answer:

6 0

Answer: D

If the employer pays the health/medical insurance, accidents then such benefits are not subjected as taxable income. Even the amount appear in W-2 report, it is not considered as income.
However, only If the employer use insurance plan that pays the premium by employers direct payment or employers' own fund. Otherwise the reimbursements can be taxable.

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GarryVolchara [31]

Answer:

okay I will :) if I do can I get brainliest?

8 0

4 years ago

Read 2 more answers

Suppose that the pound is pegged to gold at 6 pounds per ounce, whereas the franc is pegged to gold at 12 francs per ounce. This

zmey [24]

Answer:

we can look at this problem from 2 different point of views:

if you have francs and wish to buy pounds: then you take 12 francs and purchase 1 ounce of gold, and then you sell it for 6 pounds. This way you will only spend 2 francs per each pound instead of 2.2.

if you have pounds and want to make a gain: you take 6 pounds and purchase 13.2 francs and you then buy 1.1 ounces of gold. Then you sell the 1.1 ounces of gold in exchange for 6.6 pounds.

Any of the scenarios does not include any transaction prices nor shipping costs, it is only theoretical.

4 0

3 years ago

Due to the credit crunch that developed during the Great Recession, many small businesses found that __________ were more willin

mixer [17]

Answer:

The correct answer is letter "D": smaller, community banks.

Explanation:

The Great Recession is the economic fall that occurred between 2007 and 2009 as a result of the housing bubble burst in the U.S. During this period many well-known firms such as Chrysler, General Motors, and Lehman Brothers filed for bankruptcy. However, not all the business experienced a downturn.

A study conducted by the Federal Reserve Bank of St. Louis (2013) indicates that 417 banks and thrift institutions failed between 2006 and 2011 but 702 small community banks reported total assets of around $10 billion by allowing individuals to benefit from loans. Banks and thrift institutions were too conservative in loans during the Great Recession which was interpreted in lower revenues.

3 0

3 years ago

The determinants of the supply of a good are any factors other than the product's ______ that cause the supply curve of the good

Vlada [557]

The determinants of the supply of a good are any factors other than the product's price that cause the supply curve of the good to shift.

<h3>What is supply curve?</h3>

The supply curve can be regarded as graphic representation which is used in showing the relationship that exist between between the cost of a good or service and quantity supplied.

However , the price is seen at the left vertical axis, of the curve and product's price that cause the supply curve of the good to shift.

Learn more about supply at; brainly.com/question/25308213

#SPJ1

5 0

2 years ago

Presented below are selected account balances for Homer Winslow Co. as of December 31, 2014.

Stells [14]

Answer:

1. Dr Sales Revenue $411,940

Cr Income Summary $411,940

2. Dr Income summary $341,540

Cr Cost of Goods Sold $225,870

Cr Sales Returns and Allowances $13,650

Cr Sales Discounts $15,290

Cr Selling Expenses $17,400

Cr Administrative Expenses $39,150

Cr Income Tax Expense $30,180

3. Dr Income summary $70,400

Cr Retained earning $70,400

4. Dr Retained earnings $19,080

Cr Dividend $19,080

Explanation:

Preparation of closing entries for Homer Winslow Co. on December 31, 2014

1. Dr Sales Revenue $411,940

Cr Income Summary $411,940

(Being To close expense accounts)

2. Dr Income summary $341,540

($225,870+$13,650+$15,290+$17,400+$39,150+$30,180)

Cr Cost of Goods Sold $225,870

Cr Sales Returns and Allowances $13,650

Cr Sales Discounts $15,290

Cr Selling Expenses $17,400

Cr Administrative Expenses $39,150

Cr Income Tax Expense $30,180

(Being To close expense accounts)

3. Dr Income summary $70,400

( $411,940 -$341,540 )

Cr Retained earning $70,400

(Being To close net income)

4. Dr Retained earnings $19,080

Cr Dividend $19,080

(Being To close dividends to retained earnings)

6 0

3 years ago