1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ket [755]
3 years ago
12

Sandy earned a salary of $50,000 last year. Her parents gave her a car valued at $23,000 for her birthday. In addition, she earn

ed $1,200 in interest income on a savings account and inherited $75,000 from her grandmother's estate. What is the amount of Sandy's gross income?
Business
1 answer:
IgorLugansk [536]3 years ago
5 0

Answer:

$51,200

Explanation:

Gross income computation includes all forms of income such as wages, rents, royalties, dividend etc. However, gifts and inheritances are not considered as a part of the gross income.

Therefore, Sandy's gross income consist of her salary, and the interest income

Sandy's Gross income = 50000 + 1200

                       = $51,200

The inheritance of her grandmother's estate and car gift are not included as a part of Sandy's gross income.

You might be interested in
A customer owns 210 shares of ABC common stock. ABC declares a rights offering, with the terms being that for every 20 rights te
snow_tiger [21]

Answer:

B. The shareholder can buy a maximum of 11 shares by paying $220

Explanation:

There is an option below the question ask for details:

The computation is shown below:

First, we have to determine the fraction value which is shown below:

= Total shares ÷ rights shares

= 210 shares ÷ 20 shares

= 10.5 shares rounded off = 11 shares

Now for additional shares, the total value would be

= Number of shares × per share value

= 11 shares × $20

= $220

5 0
3 years ago
What steps can you take to prevent yourself from being affected by a market correction? Explain.
Strike441 [17]

Nobody like losing money. Market correction is something that no one can forecast. To protect ourselves from market correction, here are some ways you can take:

<span>1.   </span>Avoid listening to financial analysts. Ignore the predictions.

<span>2.   </span>Study the kind of markets you put your money into. Understanding how they work can help you a lot.

<span>3.   </span>Be ready to risk.

<span>4.   </span>Avoid being impulsive on your decisions.

<span>5.   </span><span>Think about the risks and the probability of a potential return; from there you can decide what you need to do.  </span>

4 0
3 years ago
Tiffany owns a gift shop that carries clothing and memorabilia of local high school teams as well as
dimulka [17.4K]

Answer:

a. independent retailer

Explanation:

An independent retailer is a businessperson who owns and manages a retail shop. The retailer either has bought or started the business from the ground. He or she makes all the decisions relating to the business including staffing, sales, financing, and operation time.  

An independent retailer has the freedom to decide the type of business and its location.  Entry into this type of business is easy. Freedom to do what the retailer wants is one advantage of this type of business.

As the venture is privately owned, the independent retailer has full authority over the business,  as if fully responsible for its success or failure. Many businesses of this nature will fail in the first years of operations, mainly due to the lack of a business plan.

6 0
3 years ago
Do you think a person should be fired if it is found that he or she helped employees cheat their company out of overtime once in
Rainbow [258]
Yes I think there would be grounds for firing if an employee helped his fellow employees cheat on overtime. Relations between the employee and the company should be based on a fair day's work for a fair day's pay and pay should only be based on the hours actually worked. If there is any dispute over pay or time off for overtime it needs to be discussed openly with the employee's supervisor.
7 0
2 years ago
Our immediate short term memory for new material is limited to roughly ________ units of information.
Alecsey [184]
<span>Our immediate short term memory for new material is limited to about seven unites of information. Immediate short term memory is the ability we all have to remember a small bit of information for a few seconds.</span>
6 0
3 years ago
Other questions:
  • List five things you should do if you are a victim of identity theft
    14·1 answer
  • ​Vasco's utility function​ is: Upper U equals 10 Upper X squared Upper ZU = 10X2Z The price of X is px​ = ​$55​, the price of Z
    11·1 answer
  • Suppose you have drawn a consumer's budget line for food and clothing, with food on the x-axis. Which of the following events wo
    15·1 answer
  • Due to the terms of its​ lease, ​Services, Inc., pays the rent for its new office space in one annual payment of on ​1, . The le
    12·1 answer
  • Fiori Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,000 units, its averag
    9·1 answer
  • When you receive your monthly credit card statement, the balance refers to the
    11·2 answers
  • Step Up Ladders Company provides the following financial​ information: Income from operations $ 200 comma 000 Interest expense 4
    14·1 answer
  • 16. A type of card that allows the card holder to spend a certain amount of money without ever having to pay it back?
    11·1 answer
  • Please help its due in 2 hours time will give all my points
    6·1 answer
  • For which capital component must you make a tax adjustment when calculating a firmâs weighted average cost of capital (WACC)?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!