Karim and Rashida Sultan are filing a joint federal return. They have the following investment income $597 Frankfort Mutual Fund dividends, $283 Credit Union dividends. The amount of total taxable dividends reported on Schedule B is: $1,706.
Total taxable dividend=Craft Inc. dividends + Frankfort Mutual Fund dividends+ Credit Union dividends
Where:
Craft Inc. dividends=$826
Frankfort Mutual Fund dividends=$597
Credit Union dividends=$283
Let plug in the formula
Total taxable dividend= $826+$597+$283
Total taxable dividend=$1,706
Inconclusion if Karim and Rashida Sultan are filing a joint federal return. They have the following investment income $597 Frankfort Mutual Fund dividends, $283 Credit Union dividends. The amount of total taxable dividends reported on Schedule B is: $1,706.
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Answer:
b- $2,400
Explanation:
The computation of the amount that should be recorded is given below:
= 3 months rent ÷ number of months
= $7,200 ÷ 3 months
= $2,400
Hence, the amount of rent that should be recorded is $2,400
Therefore the option b is correct
The same should be considered
Answer:a.
It would increase by $500,000 multiplied by the reciprocal of the required reserve ratio.
Explanation:
A bank will often hold government securities as an asset. If a bank were to sell S500,000 in government securities to an individual who paid for the bond in cash and the bank placed this cash in its vault, by how much would the money supply change as a result - It would increase by $500,000 multiplied by the reciprocal of the required reserve ratio.
The money supply is the entire stock of currency and other liquid instruments circulating in a country's economy and is given by the formula:
MONEY SUPPLY = RESERVES X MONEY MULTIPLIER
Therefore the bank reserves increasing in the scenario will increase money supplier by the effect of the money multiplier or the reciprocal of the required reserve ratio.
