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Ludmilka [50]
3 years ago
5

Devon and Kimberly are married and file a joint return. They have scheduled their tax appointment with Andrea, their tax prepare

r. After a brief review of the documents and discussion with Devon and Kimberly, Andrea determined that they need to file a Schedule 1 (Form 1040) this year. The information they brought includes a W-2 for Devon with wages of $49,200, a W-2 for Kimberly with wages of $52,100, ordinary dividends of $850, jury duty pay of $202, an taxable interest of $300, and a copy of last year’s tax form. Based on the information provided, why is Schedule 1 (Form 1040) required this year? a. The total income is over $100,000. b. The interest of $300. c. The ordinary dividends of $850. d. The jury duty pay of $202.
Business
1 answer:
babymother [125]3 years ago
6 0

Answer:

hiiiiiii

Explanation:

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What is the mean, to the nearest tenth, of the numbers 22, 22, 27, 29, 30, 34, and 38?
AlekseyPX
The answer is 28.9 just add all the numbers together and divide by 7 and round the answer to nearest tenth. You get 28.9
4 0
3 years ago
If a journal entry and posting for the use of office supplies during the year is accidentally omitted, what would be the impact
jolli1 [7]
<span>It is imperative to have accurate information when completing year end financial statements. If a journal entry and posting for the use of office supplies was omitted in error, the financial statements would not be complete, and the company could possibly lose out on a tax deduction.</span>
4 0
3 years ago
TopChop sells hairstyling franchises. TopChop receives $50,000 from a new franchisee for providing initial training, equipment,
Brut [27]

Answer:

$65,000

Explanation:

Under accrual method of accounting, the revenue is recognized when the same is accrued to the concern.

The revenue of $30,000 will be recognized from the starting on the date the franchise is purchased.

Hence, $30,000 will be recognized from July 1, 2021 upto to Dec 31, 2021 i.e. for half of the year.

Amount of revenue recognized by Top Chop in 2021 for its arrangement with Carlos:

= Amount receives from initial training + Amount receives from using name of the company

= $50,000 + ($30,000 ÷ 2)

= $65,000

3 0
3 years ago
What phrase could a licensee use in advertising that would not discriminate on the basis of familial status
Artist 52 [7]

Senior discount is the phrase that a licensee could use in advertising that would not discriminate.

A familial status discrimination is known to occurs when the landlord, manager  or property owner treats someone very differently.

The other options clearly discriminate the familial status.

Hence, the Senior discount is the phrase that a licensee could use in advertising that would not discriminate.

Therefore, the Option is correct.

Missing options <em>"Couples only Empty nesters No bicycles allowed Senior discount"</em>

<em />

Read more about Discount

<em>brainly.com/question/912869</em>

6 0
3 years ago
Hess Company's inventory records show the following data for the month of September: Units Unit Cost Inventory, September 1 100
Radda [10]

Answer:

Ending Inventory = $555

Cost of Goods Sold = $2,430

Explanation:

                                   Date             Units   Unit Cost  Closing Inventory

Opening Balance   September 1      100      $3.00       $300.00

Purchases

                                September 8     450     $3.50       $1,575.00

                                September 18    300     $3.70       $1,110.00

Ending Inventory   September 30   150      $3.70       $555.00

According to FIFO the the material first purchased will be sold first. So, the closing Inventory of 150 units will be valued at the rate of last purchase of 300 units @ $3.77/unit.

Cost of Goods Sold = $300 + $1575 + (( 300 - 150 ) x 3.70) = $2,430

6 0
3 years ago
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