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Vaselesa [24]
3 years ago
15

Hank is a U.S. citizen and is doing a three to six-year assignment as a sales executive in Paris for a French company, which beg

an this year. Hank earned $109,500 working for the French company this year but only lived in France for 180 days (out of 365 days). He will live full-time in France next year. What amount of Hank's $109,500 salary this year will he be allowed to exclude from gross income in the U.S. (rounded to the nearest one-hundred dollars)?
A. Hank can exclude his entire salary because he worked more than 330 days overseas
B. 102,000
C. 92,400
D. 99,200
E. None of his salary can be excluded from gross income because Hank must reside overseas for the entire year
Business
1 answer:
Maurinko [17]3 years ago
3 0

Answer:

The answer is: E) None of his salary can be excluded from gross income because Hank must reside overseas for the entire year

Explanation:

According to the IRS's Foreign Earned Income Exclusion (and Requirements) a US citizen can claim up to $105,900 (in 2019) of his gross income to be excluded from gross income in the US only if that person resided in the foreign country for at least 330 days in the last year.

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If a company's scope is too big, what is likely to happen?
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If a company's scope is too big then the company will lose its direction and focus.
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An ad for Covenant Transport,a national trucking company,is on a page that is wider than the normal pages found in "Trucker's Co
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Answer:

The correct answer is D) gatefold.

Explanation:

In gatefold advertising it refers to that information that is displayed on more than one sheet and that needs to be fully opened in order to see the message. Generally this type of advertising is shown in physical media such as magazines and newspapers, being the first most common. This strategy allows captivating the attention of the reader to make him think exclusively about what is being promoted, since there is no different distractor.

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3 years ago
The Laresen Company uses the machine hour method of applying factory overhead to production. The budgeted factory overhead last
Pani-rosa [81]

Answer:

Total cost= $1,375

Explanation:

Giving the following information:

The budgeted factory overhead last year was $200,000, and there were 40,000 machine hours budgeted.

Job 84:

Direct materials= $900

direct labor hours= 25

Direct labor cost= $350.

First, we need to calculate the manufacturing overhead rate based on direct labor hours:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 200,000/40,000= $5 per direct labor hour

Now, we can calculate the total cost:

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6 0
3 years ago
1. Make the following statement True by filling in the blank from the choices below: Critical infrastructure owners and operator
Nadya [2.5K]

Answer:

The answer is "Develop and implement security and resilience programs for the critical infrastructure under their control, while taking into consideration the public good as well".

Explanation:

In the past, industrial control  systems were generally not connected to IT networks and did not contain complex computing  capabilities; therefore, they could be adequately protected using physical security measures like locks  and fences. However, as OT has become more integrated with IT, such physical measures are becoming  less adequate in securing the underlying critical assets.

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2 years ago
You’ve collected the following information from your favorite financial website.
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Answer:

-9.92%

Explanation:

P₀ = Div₁ / (Re - g)

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Re =  (Div₁ / P₀) + g

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Since the cost of equity or required rate of return cannot be negative, I suppose that investors are not worried about Abbott distributing dividends, instead, they prefer that the company reinvests earnings in new projects.

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3 years ago
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