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Olegator [25]
2 years ago
6

Shirley received $500 monthly sick pay under a welfare fund and $6,500 monthly under a disability insurance policy offered by he

r employer on which she paid the premiums. How much, if any, of the $7,000 monthly benefits would be taxable to her?
A)$0.00

B)$500.00

C)$6,500.00

D)$7,000.00
Business
1 answer:
Elodia [21]2 years ago
3 0

Answer:

Total taxable amount will be equal to $7000

So option (d) will be correct answer

Explanation:

According to  IRS benefit which is received under the disability which shall be fully taxable only if

Employee pays premium on such policy entirely with pre tax dollars

Here in the given question premium amount paid by employee herself and with the assumption of paying such premium with pre tax dollars hence it is treated as taxable fully i.e 6500$

So 500$ sick pay under welfare fund is treated as earned income so fully taxable.

Therefore total taxable amount will be equal to $6500 + $500 = $7000

So option (d) will be correct answer

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Which is a correct statement regarding sandwich prices,<br><br> based on the histogram?
Fudgin [204]

Answer:

Which is a correct statement regarding sandwich prices, based on the histogram? The distribution of sandwich prices is skewed left.

i hope this helps<3 :)

4 0
2 years ago
There is little relationship between CSR behaviors and consumer reaction to the products and services of the firm according to s
Korvikt [17]

Answer: false

Explanation:

CSR behavior are simply behavioral aspects of CSR. According to the definition of corporate social responsibility, companies should conduct their business in a way that gives back to the society at large.

The statements that there' little relationship between CSR behaviors and consumer reaction to the products and services of the firm according to survey results listed in the Harvard Business Review is not true.

8 0
3 years ago
Mo has a credit card that gives a 3% discount on every purchase. The annual percentage rate on the card is 12%. He is purchasing
Luden [163]

Answer:

If Mo pays cash, the cost of the purchase will be $140.

If Mo uses the credit card and pays the full balance during the billing cycle, the cost of the purchase will be $135.80.

Explanation:

If Mo pays cash, it implies that she does not get the 3% discount she is entitled to, with the use of her credit card.  Therefore, she will bear the full cost.  However, if she uses the credit card, the discount is $4.20 ($1540 * 97%) and she will pay only $135.80 as the discounted price of the electronic reader.

5 0
3 years ago
Read 2 more answers
When a tax is levied on a good, the buyers and sellers of the good share the burden, A. provided the tax is levied on the seller
Morgarella [4.7K]

Answer:

Here all of these options are wrong , the correct answer is regardless of how the tax is levied the burden of tax would be shared by both the seller and buyer.

Explanation:

Tax can be said as primary source of income for the government. When a tax is levied on the goods , the burden of that would have to be bear by both buyer and seller , irrelevant of how that levied . If the taxes are high then the demand by buyer would be less and seller would receive low price because less people would buy and n the case where taxes are low demand would be high and seller would receive high prices ,in both cases tax would be levied on both seller and buyer and how much it would be depends upon the elasticity of demand and supply. So all the statements given here are false or invalid.

6 0
2 years ago
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frutty [35]

<u>Explanation:</u>

Mercedes-Benz adopts a method where the dealers are the only contact with the customers and company has failed to communicate with the customers directly.

Customer Relationship Management (CRM) is a tool that can be utilized by the company for easier day to day work. The information can be kept up to date which is easy to import, export and apply statistics to find information. The information can be accessed by Mercedes from anywhere. It helps to connect with the customers.

Another tool Partner Relationship Management (PRM) is used to connect with partners. The tasks can be scheduled and performance can be managed. Information and report details can be shared with the help of CRM and PRM from dealers and partners with Mercedes.

6 0
3 years ago
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