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liraira [26]
4 years ago
14

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

Business
1 answer:
TiliK225 [7]4 years ago
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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"Quail Co. can further process Product B to produce Product C. Product B is currently selling for $60 per pound and costs $42 pe
Lapatulllka [165]

Answer:

$22 per pound

Explanation:

The computation of the differential revenue of producing and selling Product C is shown below:

= Sale value per pound of product C - Sale value per pound of product B

= $82 per pound - $60 per pound

= $22 per pound

By subtracting the Sale value per pound of product B from the Sale value per pound of product C we can get the differential revenue and the same is shown above

6 0
3 years ago
Department 1 completed work on 500 units and transferred them to Department 2. The cost of the units was​ $750. What is the jour
vaieri [72.5K]

Answer:

                                                                     Dr.       Cr.

Work-in-Process Inventory - Dept. 2:        750

Work-in-Process Inventory—Dept. 1:                    750

Explanation:

All the cost incurred in the department 1 was added in the work in process account of this department. While transferring the product from one department to other the cost of work in process will also be transferred to next department to accumulate all costs associated with the product. At the end the finished goods will be carrying all the cost incurred to manufacture that product. Due debit nature of WIP account the cost in transferred to next department's account by just crediting the WIP of department 1 and debiting WIP of department 2. WIP of Department 1 will be 0 and WIP of department 2 will be $750.

8 0
3 years ago
No one answered my question​
olga2289 [7]
Well what was your question maybe i can help
4 0
3 years ago
Read 2 more answers
Marlin Corporation reported pretax book income of $1,000,000. During the current year, the net reserve for warranties increased
jeyben [28]

Answer:

b. $233,100 tax expense

Explanation:

The computation of the current income tax expense or benefit is shown below:

But before that first we have to need to find out the taxable income i.e

= Pretak book income  + increase in net reserve warranties + exceeded amount - dividend deduction

= $1,000,000 + $25,000 + $100,000 - $15,000

= $1,110,000

Now to find out the current income tax expense since the tax rate is not given so we assume the marginal tax rate i.e 21%

So,

= $1,110,000 ×21%

= $233,100

By multiplying the taxable income with the tax rate we can get the income tax expense

7 0
3 years ago
Meno is 64 years old. Although continuously faced with considerable stress and difficulty in his life, he always displays an opt
sweet-ann [11.9K]

Answer:

B. probably live longer than those without such positive attitudes.

Explanation:

An attitude is an entity or principle which defines a person's personality and thoughts. It helps a person building an emotional outlook altogether. Attitude can be both positive and negative. It affects the thought, emotions, and feelings of the person. It depends on the attitude how a person handles a situation. In the case of Meno, it is because of his positive attitude that he will be able to live longer and happier than other people.

3 0
3 years ago
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