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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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Information technology has advanced dramatically within the last 25 years or so. At the same time there have been significant sh
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Answer:

Did the technology push the changes in the world, or was it the other way around? What evidence is opinion based upon or how did you draw your conclusions?

In my opinion the world started to change during the 1970s when Steve Jobs introduced the personal computer. Before him, only huge corporations could afford computers since they were huge and costed millions. Since then, information technology (IT) has increased in gigantic steps and when the internet was available for public use, the world as we know it changed.

When the world was struggling again during the great recession, my hero came back and changed the way IT industry again with the iPhone and the whole app culture. I am a little over 25, and I can tell that everything was very different when I was a small kid. You actually needed to read a newspaper and use encyclopedias (very large books).

Now everything is on the web and now most of us are even working using the internet. In just seconds we know what is happening in China or any other country in the world, while before all we heard about China was that were many Chinese and they were communists. IT has enabled whole new industries that boost the economy much more than any other manufacturing business ever had. The world would be a much different place if it wasn't for the Apple I, the internet or the iPhone.

4 0
2 years ago
What is the drawback of carrying more inventory than is needed?
lbvjy [14]

Answer:

One of the most important disadvantages of excess inventory is the loss of revenue. Products depreciate over time and lose their initial value. So the longer you hold a product, the cheaper it gets.

7 0
3 years ago
Read 2 more answers
Definition of a stakeholder
MatroZZZ [7]
1.
(in gambling) an independent party with whom each of those who make a wager deposits the money or counters wagered.
2.
a person with an interest or concern in something, especially a business.
6 0
3 years ago
In explaining hedge funds to an investor, a registered representative might correctly characterize them as utilizing:____.
Dimas [21]

In explaining hedge funds to an investor, a registered representative might correctly characterize them as utilizing common stockholders.

  • The potential for the greatest loss determines the riskiest situation.
  • The inherent nature of leverage in futures trading is one of the main dangers involved. The most frequent reason for losses in futures trading is frequently a disregard for leverage and the dangers involved.
  • Common stockholders always bear the most risk because they are the last to be compensated in the event of business liquidation. However, if the company is successful, common stockholders could stand to gain the most from ownership.

Learn more about common stockholders here

brainly.com/question/2528944

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4 0
1 year ago
g suppose that a commercial bank wants to buy treasury bills. these instruments pay $500 in one year and are currently selling f
Vinil7 [7]

Answer:

9.98%

Explanation:

Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity. It is a long term return which is expressed in annual term.

As per given data

Annual Payment = $500

Current price = $5,012

$500 payment each year for indefinite period of time is a perpetuity, value of perpetuity can be calculated as follow

Current Price = Annual Payment / Yield to maturity

Yield to maturity = Annual Payment / Current Price

Yield to maturity = ( Annual payment / Current price ) x 100

Yield to maturity = ( $500 / $5,012 ) x 100

Yield to maturity = 0.0998 x 100

Yield to maturity = 9.98%

3 0
3 years ago
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