I don’t get it umm maybe try explaining it more
$4099 is the amount, Jennifer must include in her gross income for federal income tax purposes.
<h3>What is the difference between income and gross income?</h3>
The amount of money earned in a fiscal year before taxes are referred to as annual gross income. The sum of cash you earn in a fiscal year after certain deductions is your annual net income.
Given
Capital Gain = $4000
Interest earned = $99
Required to calculate Gross income for tax purposes =?
Gross income for tax purpose = $4000 + $99 = $4099
Employee's gross pay is what they earn before taxes, benefits, and other payroll deductions are deducted from their pay. Net pay, also known as take-home pay, is the amount left over after all withholdings are deducted. Their gross income for Jennifer includes capital gain and interest she earned on it.
Learn more about gross income here:
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Answer: . liquidity ratios
Explanation:
Liquidity ratios : These are the ratios that measure the capability of a company to meet its short term debt commitments .They show the number of times the short term debt obligations are covered by the cash and liquid assets. The following are examples of liquidity ratios
a) current ratio
b) cash ratio
c) quick ratio
d) working capital ratio .
Current ratio : This ratio juxtapose current assets to current liabilities.
Cash ratio : This ratio juxtapose just cash and investments which are readily convertible to current liabilities.
Jeff’s hot dog cart will have less customers and he will get less sales
To help monitor your Business even you're out of the country doing Business meeting or some family vacation.
