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Anvisha [2.4K]
3 years ago
7

To pay for college, Henry received the following: $1,000 scholarship from the Thespian Club to pay for books $4,000 scholarship

from the Elks Lodge for tuition $5,000 worth of room and board as a dorm supervisor through a work-study program How much income must Henry report on his tax return?
Business
1 answer:
Alika [10]3 years ago
6 0

Answer:

$5,000

Explanation:

Money received as scholarship and used to pay for tuition or related expenses is not included in the gross income. So the $1,000 scholarship from the Thespian Club and the $4,000 scholarship from the Elks Lodge are not taxable. The only taxable income that Henry earned is the $5,000 that he was paid for being a dorm supervisor.

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E-85 __________A) was an international summit of 85 nations that met to restrict greenhouse gas emissions B) was an internationa
Aliun [14]

Answer:

C. Is an ethanol-gasoline mixture

Explanation:

E-85 is a designation used to represent a combination of ethanol and gasoline. It indicates an ethanol content of 85% and a gasoline content of 15%. Most countries with cold temperatures practice this mixture of ethanol with gasoline, because, ethanol makes it hard for the engines of vehicles to crank.

A major agricultural produce used in the production of ethanol is corn which undergoes fermentation. Some countries who use E-85 as a source of fuel include; the United States, as well as Sweden.

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3 years ago
It is said that kone is embedding intelligence across its supply chain and enables smarter buildings. explain.
alexandr402 [8]

KONE started the next stage of its strategy, Sustainable success with consumers, in January 2021. With innovative intelligent solutions, we will increase the value we provide for clients during the four-year strategy term and further integrate sustainability into all of our activities.

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In order to provide customers with value in new ways, new customer value solutions are being developed and integrated with existing core products and services.

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8 0
2 years ago
Rocky Guide Service provides guided 1–5 day hiking tours throughout the Rocky Mountains. Wilderness Tours hires Rocky to lead
o-na [289]

Answer:

Please find the complete question in the attached file.

Explanation:

Rocky believed there would be a 30\% possibility of a July bonus for touring, i.e < 50\%, from July 1-July 15 (10 days)-. Therefore no bonus can be calculated as \$2,400 / day trip \times 10 days =\$2,400 throughout this duration.

The expected 15-day revenues from 16th July – 31st July may well be calculated as \$2,400 \times 15 \ days = \$36.000. Rocky calculated that it would get the bonus 80\% of the time. Estimates a \$240/day\ bonus \times (10\ days + 15\ days) = \$6,000

3 0
3 years ago
How are u supposed to answer another persons question
Kay [80]

Answer:

You just press answer and click on the question. You have to be fast though because there is a 2 person maximum to answer a question.

6 0
3 years ago
Read 2 more answers
Fremont Computer Company has been purchasing carrying cases for its portable computers at a purchase price of $89 per unit. The
mario62 [17]

Answer:

A.Total cost 41 93 (52)

B. It would be much better to manufacture the carrying cases .

While Fixed factory overhead is less important to this decision.

Explanation:

Fremont Computer Company Differential Analysis

Make Alternative 1: Buy Alternative 2:

Differential effect on net income

Alternative 1 : Alternative 2: Differential effect

Purchase Price - 89 (89)

Direct material 16 - 16

Direct labor 20 - 20

Variable 1 - 1

manufacture overhead (20×5%)

Fixed (5-1) 4 4 -

manufacture overhead

Total cost 41 93 (52)

The Company should choose Alternative 1

which is Make carrying case

B. It would be much better to manufacture the carrying cases.

While Fixed factory overhead is less important to this decision.

Therefore in make or buy decision the selling price of the product will be less important because the selling price was not provided which means it does not have effect on the decision of buy or make.

7 0
4 years ago
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