Answer:
$600
Explanation:
If instead of itemizing, Mary had elected the standard deduction last year, then she wouldn't have to include any state income tax refund on her current gross income. But since she itemized her deductions and actually deducted these $600 from her gross income last year, she must include them in he current gross income.
Answer:
Don executes a will leaving half of his farm to his spouse Elsie and the rest to his sons, Frank and Greg, in equal shares. The will disinherits a third son, Hal. Don and Elsie divorce, but Don dies before changing his will. Under the Uniform Probate Code:
c. Frank and Greg receive the entire estate in equal shares.
Explanation:
- Uniform Probate Code is applicable in almost 18 states of the United States that was developed to standardize the laws of wills, trusts, and intestacy.
- The option a is not correct as Elsie can't get the half of the farm as Don and Elsie were divorced.
- The option b is also incorrect as Elsie can't get the half of farm as well as Hal will not get the share.
- The option c is correct as it is in accordance with Uniform Probate Code.
- The option d is incorrect as state can't inherits the entire estate in the presence of heirs.
Answer: im also working on my school work and i also need help i tried to work on that question im confused but i know that 22,567-97% is 677.01
Answer:
a. under applied.
Explanation:
For computing, whether it is under applied or over applied first, we have to compute the predetermined overhead rate. The formula is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)
Now we have to find the applied overhead which equal to
= Actual direct labor-hours × predetermined overhead rate
So, the ending overhead equals to
= Actual manufacturing overhead - applied overhead
= under-applied
If actual overhead is more than the applied overhead
