1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ddd [48]
3 years ago
9

Interview Notes ⢠Gail is single and earned $28,000 as a cashier, her only income. ⢠Gail's son Tony is 17 years old and a ful

l-time student in high school. ⢠Tony received Social Security survivor benefits of $5,000 in 2019. None of those benefits were taxable. He earned $10,000 during the summer working as a website developer. Tony had no withholding in box 2 of his Form W-2. ⢠He used his Social Security survivor benefits and wages to provide over half of his own support. ⢠Gail and Tony lived together all of 2019 and are U.S. citizens with valid Social Security numbers. 6. Which of the following statements is true?
OA. Tony is not required to file a tax return because his gross income is below the filing requirement.
OB. Tony is required to file because his total income is over $12,200.
C. Tony is required to file because Gail can claim him as a dependent and his income is over $4,200.
OD. Tony is not required to file because his Social Security benefits are reported on Gail's return.
Business
1 answer:
madam [21]3 years ago
7 0

Answer:

Tony is not required to file a tax return because his gross income is below the filing requirement.

Explanation:

As per 2019 tax rules, the tax filing is not mandatory toa single filer if the gross income is below $12,200, it is standardized.

You might be interested in
Pipelines rank third after railroads and motor carriers in ton-miles transported, but most people do not recognize pipelines as
ivann1987 [24]

Answer: See explanation

Explanation:

Some of the drawbacks to transportation via pipeline include:

1. Pipeline transportation isn't flexible, it's typically a one way system and can be used for certain fixed points only. It's flexibility is poor.

2. Once it has been laid, the capacity of the pipeline cannit be increased further.

3. Once there is leakage, repairing it is a challenge as it may not be easily detected.

4. It requires huge investment to set up and maintaining it is challenging.

5. It can lead to illegal pilferage which may being about accidents and death.

8 0
3 years ago
Match the term or phrase with its best descriptor.Maximum sustainable yieldA. available biomass of a target speciesB. incidental
ArbitrLikvidat [17]

Answer: Option C

Explanation: The best descriptor for the term maximum sustainable yield would be "maximum catch without reducing the population of target species".  The maximum level at which the natural resources can be exploited without having any serious threats to the future is called sustainable yield. So as per this case sustainable yield is the extent of hunting a species that fulfills the requirement of today and does not threat the future needs.

7 0
3 years ago
the nominal interest rate is 7 percent and the expected inflation rate is 4 percent. the real interest rate is
Hoochie [10]

Answer:

2.88%

Explanation:

According to the fisher equation :

(1 + Nominal interest ) = (1 + real interest) (1 + inflation rate)

(1.07) = (1.04) x (1 + real interest)

(1.07) / (1.04) = (1 + real interest)

1.028846

real interest rate = 2.88%

6 0
3 years ago
The motivating force behind an increase in supply in a long-run adjustment to equilibrium is
sasho [114]
Economic profits that are present in the short run.
7 0
4 years ago
On August 1, Kim Company accepted a 90-day note receivable as payment for services provided to Hsu Company. The terms of the not
k0ka [10]

Answer:

The journal entry would be:

Explanation:

Note: Options are missing so providing the journal entry.

The journal entry would be for recording the collection of the note is:

October 30

Cash A/c.........................Dr      $10,150

    Interest Revenue A/c.........Cr     $150

    Notes Receivable A/c.........Cr    $10,000

On October 30, the amount is collected so the any increase in cash is debited. Therefore, cash account is debited. And it is collected against a  notes Receivable  of $10,000 so it leads to decrease in liability, it is credited. Therefore, the notes receivable is credited. And the interest revenue is credited.

5 0
3 years ago
Other questions:
  • Suppose that a firm produces 10 units of output. Its Average Variable Cost (AVC) = $25, Average Fixed Cost (AFC) = $5, and Margi
    6·1 answer
  • What do the arrows on the eagle mean?
    7·1 answer
  • What percent of all businesses in the United States are corporations, and they account for 80% of the total business dollars gen
    15·1 answer
  • If Brazil can produce 5 shirts or 4 pounds of beef in a day, and Uruguay can produce 10 shirts or 2 pounds of beef in a day, the
    12·1 answer
  • The most productive way to find a job lead is to
    15·2 answers
  • What is one reason many firms hire temporary workers to do a particular job?
    10·2 answers
  • John would like to save $1,500,000 by the time he retires in 30 years and believes he can earn an annual return of 8%. How much
    6·1 answer
  • A country has I = $200 billion, S = $400 billion, and purchased $600 billion of foreign assets, how many of its assets did forei
    14·1 answer
  • Why is accounting a service industry?
    6·2 answers
  • Helena Company uses a standard cost system, and allocates variable overhead costs based on direct labor hours. This month, the f
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!