What two reasons are given for why wages differ between jobs?

Brady recently graduated from SUNY–New Paltz with his bachelor’s degree. He works for Makarov & Company CPAs. The firm pays

klemol [59]

Answer:$4,750

Explanation:

Taxable amount is given as = Tuition benefits - Excludable amount

where,

Tuition fees benefits by company = $10,000

Employer Tuition Assistance = $5,250 exclusion from income per student Tuition for oneself (Employee) based on graduate or doctoral classes taxed on the dollar amount over and above the first $5,250.00 of tuition benefits paid per calendar year. (source https://www.irs.gov/newsroom/tax-benefits-for-education-information-center)

therefore, Taxable amount = $10000-$5250

Taxable amount = $ 4750

Brady need to include$ 4750 in gross income.

4 0

3 years ago

Read 2 more answers

Presented below are three revenue recognition situations. (a) Groupo sells goods to MTN for $901,000, payment due at delivery. (

LekaFEV [45]

Answer:

Groupo

Transaction Price When Revenue should be recognized

a. $901,000 the delivery date

b. $879,000 the sales date

c. $443,000 the sales date

c. $37,000 in the period interest is earned.

Explanation:

1) Data and Analysis:

a. Delivery date: Cash $901,000 Sales Revenue (MTN) $901,000

b. Sales date: Accounts receivable (Grifols) $879,000 Sales Revenue $879,000

c. Sales date: Accounts receivable (Magnus) $480,000 Sales Revenue $443,000 Deferred Interest Revenue $37,000

2) According to the IFRS 15 and ASC 606, Revenue from Contracts with Customers, revenue should be recognized when performance obligations have been met.

8 0

3 years ago

Which distribution channel is used by valley farm dairy to distribute its products to consumers without intermediaries?

expeople1 [14]

The distribution channel used by the Valley Farm Dairy would be direct distribution. It is a type of channel distribution that is used to directly sell the goods from the producer to the consumers themselves. The use of intermediaries would increase the price of the good when it reaches the consumers.

3 0

3 years ago

A company purchases equipment for $32,000 cash. This transaction should be shown on the statement of cash flows under:________

omeli [17]

Answer:

b. investing activities

Explanation:

Cash flow can be defined as the net amount of cash and cash-equivalents that is flowing into (received) and out (given) of a business. There are three components of the cash flow;

1. Operating cash flow: all cash generated from the business activities of an organization.

2. Financing cash flow: all payments made by an organization and profits from issuance of debts and equity.

3. Investing cash flow: costs associated with purchasing of capital assets and investments of cash resources in other businesses.

A company purchases equipment for $32,000 cash. This transaction should be shown on the statement of cash flows under investing activities.

Generally, investing activities comprises of purchasing physical assets, investing in securities and the sale of assets or securities associated with the company.

<em>Hence, a company that purchases equipment for $32,000 cash should show the transaction on the statement of cash flows under investing activities.</em>

4 0

3 years ago

In their simplest form, bonds are pure ________. a) debt b) equity c) hybrid security d) current assets

melomori [17]

In their simplest form, bonds are pure a) debt.

<h3>What are bonds?</h3>

A bond may be a debt security, almost like an IOU.
Borrowers issue bonds to boost money from investors willing to lend them money for a certain amount of time.
When you buy a bond, you're lending to the issuer, which can be a government, municipality, or corporation.
In return, the issuer promises to pay you a specified rate of interest during the lifetime of the bond and to repay the principal, also referred to as face value or par value of the bond, when it "matures," or comes due after a group period of time.

<h3>What sorts of bonds are there?</h3>

The main types of bonds are:

Investment-grade
Corporate bonds
Municipal bonds
High-yield bonds

To learn more about bonds: brainly.com/question/17405470

#SPJ4

5 0

1 year ago