Answer:
$13,200 per year
Explanation:
Amount incurred to improve the office space = $
Improvement expected to yield benefit = 10 years
Remaining life on it's lease = 8 years
Since the office space is not going to remain with Phoenix after the lease period, it means that the improvement expenses will be expensed over the remaining lease period I.e 8 years.
Therefore, the amount of expense that should be recorded the first year related to improvements can be calculated as;
= Amount incurred to improve the office space ÷ remaining life on its lease
= $105,600 ÷ 8
= $13,200 per year
Answer:
<em>MRP (Material Requirement Planning)</em>
Explanation:
Material Requirements Planning (MRP) is a calculation system for the components and materials necessary to produce goods.
All of this consists of <u>three principal steps</u>:
- stock of on-hand components and materials,
- recognize which added bits are required and,
- afterwards schedule their manufacturing or purchase.
Answer:
The Mean return = 0.8*16.5% + 0.2*-11.6%
The Mean return = 0.132 + (-0.0232)
The Mean return = 0.132 - 0.0232
The Mean return = 0.1088
The Mean return = 10.88%
Variance = 0.8*(16.5%-10.88%)^2 + 0.2*(-11.6%-10.88%)^2
Variance = 0.8*(5.62%)^2 + 0.2*(-0.72%)^2
Variance = 0.012634
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
Answer:
The correct answer is (e) None of the choices listed are correct.
Explanation:
Solution
Given that:
1. The Qualified dividend is the dividend taxed at capital gain tax rate and unqualified dividend taxed at individuals normal income tax rate. Therefore qualified dividend and non qualified dividend of $1500 &$500 included in gross taxable income.
2. Earned on US treasurers is exempt at state level but fully taxable at federal level. $1000 received taxable
3. State tax refund; don't report the state tax refund if didn't itemized deductions on federal tax return. Consider $1000 received as state tax refund required to be reported because of itemized deductions.
4. Section 125 of IRC specifies that cafeteria plans are exempt from calculation of gross income for federal taxation. Therefore $5000 cafeteria plan provided by employer is exempt.
5. During the year any state or local taxes paid and property taxes paid are deductible. Therefore $9000 and $3000 deductible subject to maximum $10000 of income tax and mortgage interest is $14000.
Now,
The Income is
The Salary= $200000
Add
The Qualified dividend= $1500
Non-qualified dividend =$500
Income from US treasurer $1000
State tax refund =$1000
Gross income$204000
The Less deductions.
Mortgage interest 14000
Income ans property tax is$10000
Tax able income= $ 180000
Therefore the taxable income is =$180000
