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Ainat [17]
4 years ago
13

George and Erin divorced in 2019, and George is required to pay Erin $20,000 of alimony each year. George earns $75,000 a year.

Erin is required to include the alimony payments in gross income although George earned the income.
TRUE OR FALSE?
Business
1 answer:
PSYCHO15rus [73]4 years ago
7 0

Answer:

The answer is: False

Explanation:

Since the law was changed for the 2019 tax year, (Tax Cuts and Jobs Act 12-22-1977), alimony is no longer tax deductible nor the recipient has to report them as income. This change in the law will be in effect from 2019 through 2025. The only exceptions that apply are those couples who had finalized their divorce agreements before the end of 2018.  

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Carla just started her new job working at the Department of Commerce. In order to see whether Carla “knows her stuff,” her boss
Whitepunk [10]

Answer: one key indicator that Carla could look at is the inflation rate.

Explanation:

The inflation rate is a really important factor when economists want to assess the economic state of a nation.

3 0
3 years ago
Lois has a balance of $970 on a credit card with an APR of 24.2%, compounded monthly. About how much will she save in interest o
Aleks04 [339]

Answer:

Lois will save $152.51 when she wil transfer her balance.

Explanation:

Amount to be paid in 1 year for original credit card is given as

P_1^{'}=P*(1+r_1)^t

Here P^{'}_1 is the amount to be paid after P is the balance which is 970, r_1 is the APR for first credit card which is 24.2% and t is compounding frequency which is 12 so

P_1^{'}=P*(1+r_1)^t\\P_1^{'}=970*(1+\dfrac{24.2}{12}\%)^{12}\\P_1^{'}=970*(1.0207)^{12}\\P_1^{'}=970*1.2707\\P_1^{'}=\$1232.61

Similarly for the second one the values are calculated as

P_2^{'}=P*(1+r_2)^t\\P_2^{'}=970*(1+\dfrac{10.8}{12}\%)^{12}\\P_2^{'}=970*(1.108)^{12}\\P_2^{'}=970*1.1135\\P_2^{'}=\$1080.10

The differnce of the two values is calculated as

P_1'-P_2'=1232.61-1080.10\\Difference=\$ 152.51

The difference is $152.51 which she could save.

7 0
3 years ago
Read 2 more answers
How is a franchise different from a partnership?
kondaur [170]
- A franchise allows owners to be their own boss however they must still follow the rules and regulations and procedures of the franchise. In most franchises the owner must pay a large sum of money to buy into the franchise and share profits or pay royalties to the franchisor based on sales, not profits.

- In a partnership, two or more people pool their money and credit to start the business.
8 0
3 years ago
g According to a recent report from LegalZoom, 35% of new business last year were started by women (65% were started by men). Of
Ilia_Sergeevich [38]

Answer:

the probability that it was started by a man is 69%

Explanation:

65% companies were started by men

24% of 65% had revenues above $100,000

24% x 65% = 15.6% of the total number of companies started last year had revenues of more than $100,000 and were started by men.

35% companies were started by women

20% of 35% had revenue above $100,000

20% x 35% = 7% of the total number of companies started last year had revenues of more than 100% and were started by women.

total percentage of companies that had revenues above $100,000 = 7% + 15.6% = 22.6%

15.6/22.6 = 69% started by men

7/22.6 = 31% started by women

3 0
3 years ago
3. Hãy nêu quan điểm của Anh (chị) về câu nói sau đây và đưa ra những dẫn chứng cụ thể lien quan đến nghiệp vụ nhân viên Lễ tân
Kay [80]

Answer:

Maybe on hoteljob has but has been deleted T T

Explanation:

7 0
3 years ago
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