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cluponka [151]
3 years ago
6

Brian is 60 years old, single, and legally blind. Brian supports his father, who is 88 years old and blind, by paying the rent a

nd other costs of his father's residence. What is the total standard deduction amount that Brian should claim on his 2018 tax return?
a. $24,000
b. $19,600
c. $18,000
d. $13,600
e. None of the above
Business
1 answer:
Phoenix [80]3 years ago
8 0

Answer:

The correct answer to the following question is option B) $19,600.

Explanation:

It is given in the question that Brian , a 60 year old , person who has a blind father is the the head of the household. So as of 2018 , the standard deduction which is available to a person who is the head of the household is $ 18000. And there are additional standard deduction which are available for a blind person , and that is $1600. So therefore the total amount of standard deduction available to Brian for the 2018 tax return would be $19,600.

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Explanation:

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Silver Enterprises has acquired All Gold Mining in a merger transaction. The following balance sheets represent the premerger bo
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Answer:

                   Silver Enterprises Post Merger Balance Sheet

Current Assets                  12,920    Current liabilities          10,460

Other Asset                       4,480      Long-term debt            19,770

Net Fixed Asset                24,810     Equity                           17,450

Goodwill                            <u>5,470  </u>                                           <u>              </u>

                                         <u>$47,880</u>                                         <u>$47,680</u>

Explanation:

Current assets = 10,000 + 2,920 = 12,920

Other assets = 3,100 + 1,380 = 4,480

Current liabilities = 7,840 + 2,620 = 10,460

Net fixed assets = 17,300 + 7,510= 24,810

Long-term debt = 5,110 + 14,660  = 19,770

Equity = $17,450

8 0
3 years ago
Big Dom’s Pawn Shop charges an interest rate of 27.4 percent per month on loans to its customers. Like all lenders, Big Dom must
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Answer:

Annual percentage rate: 328.8%

effective rate: 1728%

Explanation:

APR: Annual Percentage Rate

as the month is monthly we must multiply by 12 to convert into annual

27.4 x 12 = 328.8%

<u>The effective rate will have into consideration the compounding effect:</u>

(1+r_m)^{12}  = 1 + r_e

(1+0.274)^{12}  -1 = r_e

re = 1728%

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lubasha [3.4K]

Answer:

Option A is the correct one

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Among the various options given in question statement, option A is correct

Cost behavior analysis is done make management comprehend the impact of various costs change versus changes in activities in various levels of the company. This may involve direct materials, direct labor, and overhead costs. Hence if there is no correlation between changes in the level of activity and changes in costs, then such analysis wont be an effective cost behavioral analysis

7 0
3 years ago
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Which of these actions could constitute a breach of the Civil Rights Act? A. The human resources department rejected Fatima’s ap
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