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Katarina [22]
3 years ago
8

Last year Susana's mother, Maria, suffered from a heart attack and is no longer capable of caring for herself. Maria made arrang

ements with her attorney to have all her property sold and placed in an account to help Susana care for her. Maria then moved into Susana's home. Susana and her husband, Ramon, will now financially support and care for Maria. For Susana and Ramon's income tax purposes, Maria is considered to be a(n) ____.
Business
1 answer:
andrezito [222]3 years ago
3 0

Answer:

Maria is considered to be an Dependent.

Explanation:

  • An individual who varies depending on someone or something for help, support, favor, etc., a kid, a wife, a family member or some comparative to whom one adds value all or a significant amount of the required financial assistance,called dependent person.

According to TAX rules:

  • A dependent is a non-taxpayer or partner which entitles the taxpayer to claim an exemption from dependency.
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What is a tax bracket?​
Rom4ik [11]

Answer:

a tax bracket refers to a range of income subject to a certain income tax rate.

Explanation:

so basically it's just a range of income taxed at a given rate

8 0
3 years ago
Which of the three limitations of the Payback Rule can be overcome with a modification to it? Gives equal weight to all cash flo
gogolik [260]

Answer:

Gives equal weight to all cash flows arriving before the cutoff 

Explanation:

The payback period measures how long it takes for the amount invested in a project to be recovered from a project.

A project with a shorter pay back period is favoured over projects with longer payback periods.

The payback period gives equal weights to all cash flows before arriving at a cut Off. The discounted payback period remedies this by discounting cash flows.

I hope my answer helps you

7 0
3 years ago
Read 2 more answers
The Leaves of Green restaurant chain does not permit employees at corporate headquarters to work flextime schedules. The CEO spo
Sedaia [141]
False? I don’t know on these I just guess lol
4 0
3 years ago
In the context of international trade, India, China, and the Philippines attract multibillion-dollar investments because: a. the
noname [10]

Answer:

d. they have a large cohort of technically skilled university graduates who work for about one-fifth the pay of comparable American workers.

Explanation:

In the context of international trade, India, China, and the Philippines attract multibillion-dollar investments because: they have a large cohort of technically skilled university graduates who work for about one-fifth the pay of comparable American workers.

One of the major attractions of international trade is the exploitation of intellectual property and skills.

In China for example, research has shown that one major reasons why international trade grew was as a result of the number of Chinese workers, and the fact that they produced a sharp, sustained increase in productivity (that is, increased worker efficiency). Not to mention that the cost of labor was far cheaper than in America or Europe.

5 0
3 years ago
A company has three product lines, one of which reflects the following results: Sales $235000 Variable expenses 135000 Contribut
Zepler [3.9K]

Answer:

If management decides to eliminate this product line, the company’s net income will reduce by $22,000

Explanation:

<em>A product should be shut down if doing so would make the savings in fixed costs associated with the product to exceed the lost contribution. Other wise , the product should remain.</em>

<em>In a shut down decision , the following relevant cash flows should be considered:</em>

  1. <em>Lost contribution from the product to be shut down</em>
  2. <em>Savings in fixed directly attributable to the product under consideration.</em>

                                                                                                           $                                                                                            

Lost contribution from shut down                                        (100,000)

Savings in fixed cost (60% × 130,000)                                 <u>  78,000</u>

Net loss from shut down                                                      <u>  (22,000)</u>

Net loss from shut down = $(22,000)

If management decides to eliminate this product line, the company’s net income will reduce by $22,000

                     

3 0
3 years ago
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