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Masteriza [31]
3 years ago
8

Pam recently was sickened by eating spoiled peanut butter. she successfully sued the manufacturer for her medical bills ($3,700)

, her emotional distress ($6,000 − she now fears peanut butter), and punitive damages ($44,000). what amount must pam include in her gross income?
Business
1 answer:
adell [148]3 years ago
7 0

Answer: $44,000<span>

<span>The tax laws state that any payments (except PUNITIVE DAMAGES) on the account of a physical injury or physical sickness are non-taxable. Damages that taxpayers can receive relating to emotional distress are also non-taxable. Punitive damages however are fully taxable, because they are intended to penalize the harm-doer rather than to compensate the taxpayer for injuries.</span></span>

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It costs a company $35,000 to produce 500 graphing calculators. The company’s cost will be $35,080 if it produces an additional
kozerog [31]

Answer:

Marginal cost is greater than its average cost.

Explanation:

Given that,

Cost of producing 500 graphing calculators =  $35,000

Cost of producing 501 graphing calculators =$35,080

Therefore,

The marginal cost = Cost of 501 graphing calculator - Cost of 500 graphing calculator

                              = $35,080 - $35,000

                              = $80

Average cost:

= $35,000 ÷ 500

= $70

Therefore, the marginal cost is greater than its average cost.

4 0
4 years ago
An accounts payable clerk also has access to the approved supplier master file for purchases. The control principle of establish
KiRa [710]

Answer: the control principle of separation of duties is violated

Explanation: because

It is a security principle that allows for separation of duties with the primary objective of preventing fraud and error by having more than one person to complete a task

5 0
3 years ago
Read 2 more answers
Use the following information:
marishachu [46]

Answer:

e. None of the above

300 customers per week

Explanation:

The computation of weekly capacity of the cashier operation is shown below:-

4 Cashiers managed to deliver 40 customers an hour production to the beggars.

So, for 1 cashier the capacity will be 10 customers per hour.

Now, in a week of 5 days and 6 hours per day,

we have a total of 30 hours

The one single cashier the capacity will be

Capacity =Total hours × Customer per hour

30 × 10

= 300 customers per week

Therefore option is not available

6 0
3 years ago
alifornia Surf Clothing Company issues 1,000 shares of $1 par value common stock at $32 per share. Later in the year, the compan
atroni [7]

Answer:

  • Record the purchase of treasury stock.

Treasury Stock $3,500 - CREDIT

Cash $3,500  - DEBIT

Explanation:

If the company purchase the shares and keep it in the company the journal entry it's as detailled, in this case the company keep the shares in the accounting and the shares could be reissued in the future.

The total shares purchases are 100 * $35 = $3,500.

5 0
3 years ago
What happens when network externalities are​ present?
wolverine [178]
I think it is either C or D. I'm not sure which one though. Hope this helped, have a great day! :D
4 0
3 years ago
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