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Andre45 [30]
3 years ago
11

Shaun is a student who has received an academic scholarship to State University. The scholarship paid $14,000 for tuition, $2,50

0 for fees, and $1,000 for books. In addition, Shaun's dormitory fees of $8,500 were paid by the university when he agreed to counsel freshman on campus living. What amount must Shaun include in his gross income?
Business
1 answer:
Soloha48 [4]3 years ago
8 0

Answer:

$ 8500 paid by the university

Explanation:

The dormitory fees are recorded as part of his gross income because it is a payments given to his services rendered which was counseling freshman on campus living. The dormitory fees gotten can be taxed for this reason unlike the scholarships received for tuition, fees, books can be excluded from gross income as they are required for the student courses.

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The Constitution sets forth specific powers that can be exercised by the federal government and provides that the federal govern
geniusboy [140]

Answer:

states.

Explanation:

The US Constitution delegated specific powers to the three branches of the Federal government (Executive, Legislative and Judicial). All the powers not specifically delegated to any branch of the Federal government, are expressly reserved to the State governments.

The idea is very simple, all the powers not specifically granted to the federal government belong to the states.

7 0
3 years ago
If textbooks and study guides are complements, then an increase in the price of textbooks will result in a. more textbooks being
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Answer:

d. fewer study guides being sold

Explanation:

If there is an increase in the price of textbooks, it is fair to assume that demand for textbooks will fall and, thus, textbooks sales will also fall. When goods are complements, a decrease in demand for a certain good means that its complements will also experience a similar decrease in demand. Since textbooks and study guides are complements, the sales of study guides will also fall.

Therefore, the answer is d. fewer study guides being sold

7 0
3 years ago
If investors from Denmark increase purchases of U.S. securities, which of the following is true regarding the demand for dollars
saw5 [17]

Answer:

Increase / Increase.

Explanation:

Increase purchases of the U.S securities by the Denmark investors will place an increase on both the demand for U.S. dollar and international value of U.S. dollar since the business is done with the U.S dollar.

3 0
4 years ago
Sheria has to evaluate whether she has enough in-house staff working on her project. What steps should she go through to compute
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The answer is going to be A
6 0
3 years ago
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Which one of the following is true about risk and return?A) Riskier assets will, on average, earn lower returns.B) The reward fo
ollegr [7]

Answer:

E) In general, the higher the expected return, the higher the risk.

Explanation:

In order to attract potential investors, investments that bear a higher risk must offer a higher expected return. This is known as the risk-return tradeoff principle. Abiding by that same logic, investments with lower associated risk tend to offer lower expected returns since they are a "safe bet".

Therefore, the answer is E) In general, the higher the expected return, the higher the risk.

3 0
3 years ago
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