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
Lelu [443]
3 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]3 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.

You might be interested in
Peng Company is considering an investment expected to generate an average net income after taxes of $3,300 for three years.
nikdorinn [45]

Answer:

3482.12

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Cash flow = net income + depreciation = 16,200 + 3300 = 35,700

($56,100 - $7500) / 3 = 16,200

Cash flow in year 0 = 56,100

cash flow in year 1 and 2 = 35700

cash flow in year 3 = 35,700 + 7500

i = 5%

NPV =

3 0
3 years ago
The cost object(s) of the departmental overhead rate method is: Multiple Choice The unit of product. The production departments
Paraphin [41]

Answer:

The production departments in the first stage and the unit of product in the second stage.

Explanation:

The cost object under the department overhead rate used to allocate the cost based on the cost drivers.

In this departmental overhead rate method, first the overhead is allocated in the first department after that in the second stage the unit of product is done

so that the proper sequencing could be done and actual value could come

5 0
3 years ago
Washington has an extensive collection of baseball cards. He wants to know how much his mint condition, rookie-year Hank Aaron c
Anit [1.1K]

<u>Explanation:</u>

It is recommended by some to determine a card's current market value of by determining whether the card has been professionally graded by the Professional Sports Authenticator, if yes, then one can check up the value on the Sports Market Report (SMR).

However, the Hank Aaron card is Estimated to have a PSA 9 Mint Value of $17,500.

7 0
3 years ago
Fred is the purchasing manager at Marc's Auto Body and places orders for routine products such as office supplies and items need
prohojiy [21]

Answer:

A) ​Straight rebuy

Explanation:

Based on the information provided within the question it can be said that the purchasing process that Fred is using is called a Straight Rebuy. In a business context, this term refers to ordering supplies for the first time or as a reorder from a supplier from an approved list . This list contains suppliers that have been approved due to ease of use, good quality products, or low prices. Which in this case Grainger has all of these traits, which is why Fred prefers them.

8 0
3 years ago
Lee Kwon is a Korean worker who has been transferred by his company to the United States for six months to negotiate a supplier
Greeley [361]

Answer:

high-context culture

Explanation:

A high-context culture is a form of communicating with people in which the language and its rules play a very blurred role. The communication is primarily executed through the use of contextual elements like the language of the body, the tone used. Only the required information is set out for communication and the verbal expressions are kept aside. The members focus primarily on interpersonal relationships.

8 0
3 years ago
Other questions:
  • Daniel watched the 95-year-old actor Kirk Douglas present the Oscar for Best Supporting Actress in 2011. Daniel became frustrate
    9·1 answer
  • Which of the following is an example of competing on quick response?A) A firm produces its product with less raw material waste
    11·1 answer
  • The health care workforce during the current market-driven changes is experiencing: A. Significant expansion at professional lev
    11·1 answer
  • What strategies should a direct response message use? Check all that apply.
    6·1 answer
  • In January, Tongo, Inc., a branding consultant, had the following transactions a. Received $16,600 cash for consulting services
    6·1 answer
  • When the strong dictatorial rule in Arlington unexpectedly collapsed due to the shocking death of the royal family in an explosi
    8·1 answer
  • An economist would be more likely to argue against reducing inflation if she thought that a. the central bank lacked credibility
    9·1 answer
  • 2 x (3a-b) - 3y(b-3a)​
    15·1 answer
  • State courts can review statutes passed by their legislatures to ensure:
    5·1 answer
  • During a pandemic, an economy goes into a recession due to a decrease in aggregate demand. Assume the government creates a progr
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!