It is the standard (IRS) form that individuals use to file their annual income tax returns
Answer:
Dr Right of use asset 59,007.60
Cr Lease liability 59,007.60
Explanation:
Variable lease payments are generally not included as right of use asset or lease liability. Even though a 60% possibility exists that an additional $5,000 will be paid, they are not based on an index and are not disguised payments (only two exceptions to this rule).
Annual lease payments = $12,000
PV annuity factor, 6%, 6 periods = 4.9173
PV of lease payments = $12,000 x 4.9173 = $59,007.60
Answer:
e. point directly to the kinds of offensive/defensive actions it can use to exploit its competitive strengths and reduce its competitive liabilities.
Explanation:
A competitive strength assessment is defined as a weighted comparism of a business's strengths and weaknesses compared to the competition. The knowledge gained can be used to improve on weak areas.
Competitive advantage is the traits that set a business aside and gives it an edge over others. Competitive strength assessment evaluates the competitive advantages of a company. Therefore it shows the kinds of offensive/defensive actions it can use to exploit its competitive strengths and reduce its competitive liabilities.
Answer:
Evan's AGI is $ 66,000 and his taxable income is $ 54,000
Explanation:
To calculate the AGI you have to perform the following:
Salary $ 67,300
work hourly pay <u>$ 700</u>
Gross pay $68,000
Modified AGI $ 68,000
<h3>Student loan interest deduction (2500)-((68000-65000)×(2500/15000)) =
$-2000</h3>
AGI $66,000
Next, to calculate the taxable income you have the follwong substraction
AGI $ 66,000
Standard deduction $12,000
Personal deduction <u> 0 </u>
Taxable Income $ 54,000
