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
kap26 [50]
4 years ago
13

If someone pays medical expenses directly to the provider, such as a doctor or hospital, what percentage of the gift is exempt f

rom gift tax?
Business
1 answer:
Gwar [14]4 years ago
8 0
<span>The IRS allows deductions of appropriate and approved medical expenses that exceed 10% of your income. The income is reflective of adjustments made such as deductions, contributions to IRA, and interest from a student loan. Therefore the taxable income is income minus adjustments.</span>
You might be interested in
What are the benefits of outsourcing
Sauron [17]
Focus on core tasks
Lower costs
Promote growth
Maintain operational control
Offer staffing flexibility
Provide continuity and risk management
Develop internal staff
8 0
3 years ago
In the field of quality control, the science of statistics is often used to determine if a process is "out of control". Suppose
devlian [24]

Answer:

probability = 0.008

probability = 0.0256

Explanation:

we know here probability of defective is 0.2

so probability of not defective is 1 - 0.2 = 0.8

as we know 3 item is arrive off process line in succession

so The probability that an item is defective is

as P(defective) = 0.20

as all item are independent so

probability that all three items are defective is

probability = 0.20  × 0.20  × 0.20 = 0.008

and

probability that exactly 3 of next 4 are defective

so number of way that can choose 3 out of 4 is

= \frac{4!}{3! ( 4-3)!}

= 4

so as all are independent probability is

probability = ( the number of way to choose 3 out of 4 ) × ( 3 item defective ) × ( 1 item not defective )

probability = _4 C_3 × 0.2³ × ( 1- 0.2)

probability = 4 × 0.008 × 0.8

probability = 0.0256

4 0
4 years ago
what was the role of Winnie madikizela-mandela in the struggle against apartheid in the 1950s to 1970s​
dangina [55]
Winnie Mandela emerged as a leading opponent of apartheid during the latter part of her husband's imprisonment. Due to her political activities, she was regularly detained by the National Party government. ... While in exile in Brandfort, she, and those who attempted to assist her, were harassed by the apartheid police.
6 0
3 years ago
Skysong Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2021 at
k0ka [10]

Answer:Skysong journal $

Date

December 2020

Raw material Dr 984,100

Loss on raw material 48,000

Supplier Cr 1,032,100

Narration. recognition of raw materials purchased at agreed value.

2021

Supplier Dr. 1,032,100

Bank Cr. 1,032,100

Narration. Payment for raw materials purchased at agreed value.

Explanation:

The raw materials needs to be paid for at the agreed value not withstand ing the fall in value. However stock are to be recognized at cost or net realisable value which ever is less and since the market value of the stock has dropped this has to be recognized as a loss in the income statement to avoid the stock been over value.

6 0
3 years ago
How did capitalism fuel industrialization?
Katena32 [7]
<u><em>Capitalists want to make money . . . the best way to do that is to make businesses/production more profitable by increasing production to a large scale (i.e. industrialization)</em></u>
4 0
3 years ago
Other questions:
  • An online savings account A) offers lower interest rates because it costs more money to maintain the online site B) offers highe
    14·1 answer
  • Acquiring, Storing, and Inventorying Resources are part of which NIMS Management Characteristic? A. Accountability B. Incident F
    12·1 answer
  • Home Baked Bread Company hires Craig to sell the company's products in a certain area. Home Baked Bread agrees to pay Craig a sa
    12·1 answer
  • Todd and Cathy created a firm that is a separate legal entity and will share ownership of that firm on a 50-50 basis. Which type
    12·1 answer
  • In preparing a company's statement of cash flows for the most recent year, the following information is available: Loss on the s
    9·1 answer
  • In your own words, define “ study habits.”
    15·2 answers
  • A firm has unlevered beta of 1.1, and now its debt to equity ratio is 0.4. What is the levered beta assuming the tax rate is 40%
    13·1 answer
  • New classical economists believe that an increase in deficit financing by the government will
    13·1 answer
  • STATE THE TOP TEN MOST GORGEOUS RUSSIAN ACTRESSES.
    9·1 answer
  • Before introducing the results of your survey, you explain in detail how you collected the data and the possible limitations of
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!