Answer:
a-0
Explanation:
Beginning on January 1st, 2019, alimony is not deductable for tax purposes nor incluedable in the income of the receiving spouse.
Sarah's divorce was finalized after this date, so she does not need to include any of her income on Form 1040.
So the correct answer is:
a-0
Based on the information given, it should be noted that the amount of William's pension distribution that is taxable is $30000.
From the information given, William is a retired single taxpayer and he received a monthly pension of $2,500 ($30,000 annually). He did not contribute any after-tax dollars to the plan.
It should be noted that pension is counted as a regular income for tax purposes. Therefore, the pension that'll be received by William will be a taxable income
Therefore, the taxable amount will be $30000.
Learn more about taxes on:
brainly.com/question/1657264
Answer:
Current Price is $23.33
P/E ratio is 11.66
Explanation:
Computing the P/E ratio by dividing the current price with the projected earnings:
P/E ratio = Current Price / Projected earnings
where
Current Price is to be computed as:
Current Price = EPS × ( 1 - Plow back ratio) / Rate of return - (ROE - Plow back ratio)
= $2 × (1 - 0.30) / 0.12 - (0.20 × 0.30)
= $2 × 0.7 / 0.12 - 0.06
= $1.4 / 0.06
= $23.33
Projected earnings is $2
Putting the values above:
= $23.33 / $2
= 11.66
Answer:
a. Dr Equipment 68,000
Dr Loss on Exchange 11,000
Dr Accumulated Depreciation 22,000
Cr Equipment 93,000
Cr Cash 8,000
Explanation:
Preparation of the correct journal entry to record the exchange
Based on the information given the correct journal entry to record the exchange will be
Dr Equipment 68,000
(60,000+8,000)
Dr Loss on Exchange 11,000
(71,000-60,000)
Dr Accumulated Depreciation 22,000
(93,000-71,000)
Cr Equipment 93,000
Cr Cash 8,000
(Being to record the exchange)