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ddd [48]
4 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]4 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.

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The average capital investments for 2006 were:
iogann1982 [59]

Answer:

A)$15,000

Explanation:

jones   100,000

king    200,000

lane <u>   300,000  </u>

Total   600,000

Assuming profit are distributed based on capital investment, jones will receive:

100,000/600,000 = 1/6 of the profit

proft x jones ratio = allocate income to Jones

90,000 x 1/6 = 15,000

This will be the amount of profit attributable to Jones.

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3 years ago
Imagine that your friend is the CEO of a company, called Magna Clothes, that manufactures cool new clothing accessories for both
astraxan [27]

Answer:

a) The WTO allows countries to have observer status before becoming full members, so they can follow discussions on topics that are of direct interest to them.

⇒ TRUE, that way potentially new members get to understand how the WTO works.  

c) The WTO came into existence in January 1995.

⇒ TRUE, the WTO birthday is January 1, 1995.

d) Opponents of the WTO sometimes contend that the organization focuses too narrowly to the globalization of trade, at the expense of human rights and the environment.

⇒ TRUE, the WTO's focus is on trade, and it tends to ignore many social and environmental factors.

6 0
3 years ago
. The income elasticity of demand for medical care is 1.35. This implies that: a. if income decreases by 1%, the quantity demand
Andre45 [30]

Answer:

The correct answer is a).

Explanation:

The income elasticity of demand refers to the percentual variation of quantity demanded of a certaing good in response to a percentual variation in income.

If the income elasticity of demand for medical care is 1.35,

<em>a. if income decreases by 1%, the quantity demanded for medical care decreases by 1.35%.</em> TRUE, this is what the definition implies.

<em>b. if the price of medical care increases by 1%, the quantity demanded for medical care decreases by 1.35%. </em>FALSE. In this elasticity, the sign is relevant. This income elasticity implies that changes in income and medical care expenses have the same sign.

<em>c. if the income of the average consumer increases by 1 dollar, the quantity demanded for medical care will increase by 1.35 units of care.</em> FALSE. The elasticity relates percentual variations, not absolute value variations.

<em>d. if income increases by 1%, the quantity demanded for medical care decreases by 1.35%.</em> FALSE. The same as point b.

5 0
4 years ago
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vodomira [7]

Answer:

The correct answer is C

Explanation:

Job enrichment is a technique which is for common motivational and used or follow by the firms or the organizations for giving an employee satisfaction in the work. In short, means that giving employee extra responsibilities which is prior reserved with manager.

In other words, it means that it provides the employee more self management in his or her duties. By doing the job enrichment, employee is more mentally stimulated when they have to take up the decision making roles, authoritative roles, which help them keeping focused on their objectives or goals and tasks of the business and company.  

So, in this case, manager redesign the job of his subordinate, giving more responsibilities. This process or procedure known as job enrichment.

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enot [183]

Answer:

b or e

Explanation:

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