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Lelu [443]
4 years ago
10

Since the matthews did not itemize for 2018 their state refund is not reported on form 1040.a. Trueb. False

Business
1 answer:
astraxan [27]4 years ago
3 0

Answer:

The correct answer is letter "A": True.

Explanation:

Some State income tax refunds may in some cases be taxable income, according to the Internal Revenue Service (<em>IRS</em>). These must be recorded in the Form 1040 only in the situation where the taxpayer sought a deduction of the previous year's state and local taxes <em>if they were itemized</em>. Generally, state and local income tax deductions are not specified when <em>standard deductions</em> are filed.

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If the government decides to spend an extra $4 billion on fighter jets that they would otherwise have spent on computers, and th
STatiana [176]

Answer:

d. ad does not change.

Explanation:

Aggregate demand is defined as the total demand for finished products that is produced by a country. It is also called effective demand

In this instance aggregate demand will be a sum of demand for both computers and fighter jets. If the government decides to spend on fighter jets instead of computers, the aggregate demand will not change since it is total demand of both proucts.

4 0
3 years ago
Explain the typical shapes of the marginal-benefit and marginal-cost curves. The marginal-benefit curve is
IgorC [24]

Answer: The marginal benefit curve is downward.

The marginal cost curve is upward

Explanation:

Unlike the marginal cost curve, whose slope is often upwards, the marginal profit curve is generally known by its downward slope.

The optimum allocation of resources to a given product will take place when these curves are used. MB = MC always.

5 0
3 years ago
Pva inc.'s net income for the most recent year was $16,085. the tax rate was 40 percent. the firm paid $3,896 in total interest
Natalka [10]

cash coverage ratio: <span>

</span>

Earnings Before Interest and Taxes + Non-Cash Expenses / Interest Expense <span>

16,085/(1-tx) = 16,085 / 0.60 = 26,808.33 <earnings before taxes 
add back interest of 3,896 and depreciation of 2,575 = 26,808.33 + 3896 + 2575 = 26,808.33 

solve: 
26,808.33 / 3896<int exp = 6.88 
<span>so cash was 6.88 x interest expense </span></span>

5 0
3 years ago
In its December 31 balance sheet, Butler Co. reported trade accounts receivable of $250,000 and related allowance for uncollecti
frosja888 [35]

Answer:

$230,000

Explanation:

Given:

Trade accounts receivable = $250,000

Uncollected accounts = $20,000

Computation:

Total Amount Of Risk = (Trade Account receivable - Uncollected Accounts)

=( $250,000 - $20,000)

= $230,000

No , Any financial loss danger off-balance sheet resulting from registered accounts or receivable notices not include in it.

6 0
3 years ago
The Chinese culture is a tight social framework in which people take care of the members of a broader in group and act loyal to
Dmitriy789 [7]

Answer:

Collectivism

Explanation:

In China is found a highly collectivist culture where individual members of the society act in the interest of the groups and not to satisfy their own personal interests. The unity established by this culture helps them collaborate effectively in large –scale projects and contribute their best towards attaining a better outcome.

The collectivism practiced in china is different from what is seen in most western parts of the world where individuals, rather than groups, are at the center of activities.  

5 0
3 years ago
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