1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Stells [14]
4 years ago
14

In 2019, Aurora received a $25,000 bonus computed as a percentage of profits. In 2020, Aurora’s employer determined that the 201

9 profits had been incor-rectly computed, and Aurora had to refund the $8,000 in 2020. Assume that Aurora was in the 35% tax bracket in 2019 but in the 12% bracket in 2020.
a. In 2019, how much is Aurora required to include in income?

b. In 2020, what is the amount of the deduction Aurora can claim? What is the reduction in taxes for 2020 as a result of the deduction?
Business
1 answer:
kherson [118]4 years ago
6 0

Answer:

<em>Answers are explained below in the explanation part.</em>

Explanation:

(a) In 2019, Aurora is required to add $25000 income because this was the amount that was transferred initially to employee from the employer.

(b) In 2020, Aurora can claim a deduction of $2800 (8000*35% = 2800). Now in 2020, Aurora will not be given reduction in taxes as she has claim amount due from taxes which she claimed of the extra taxes charged in year 2019.

You might be interested in
Consider a small town that has two grocery stores from which residents can choose to buy a gallon of milk. the store owners each
Svetradugi [14.3K]
 The store owners must make a decision to set a low milk price thinking about the people but if they think of their profit then they should better decide to set a high milk price.
8 0
4 years ago
Nvidia went through a major rethinking of its strategy after its initial market failures. based on the case just mentioned, what
DerKrebs [107]
<span>Generally, Nvidia would release their new and much better chip to the market in one third the time that the traditional industry did so. Through their research they discovered that customers would be more than willing to buy new and better graphic solutions far more often than they believed</span>
5 0
3 years ago
Two terms for the connective tissue below the dermis are _______. It is made of _______ and its functions include _______.
qaws [65]

Answer:

The correct answer are: Hypodermis and subcutaneous layer; areolar and adipose tissue; stabilizing position of the skin.

Explanation:

- The hypodermis, also called subcutaneous tissue, or superficial fascia, is the lowest layer of the integumentary system in vertebrates. The types of cells found in the hypodermis are fibroblasts, fat cells and macrophages. It derives from the mesoderm, but unlike the dermis, it does not derive from the dermatome in the region of the mesoderm. The hypodermis is mainly used to store fat.

- Areolar connective tissue: It is one of the most widely distributed. It contains cell types such as fibroblasts, macrophages, plasma cells, mast cells and white blood cells. It consists of collagen, elastic and reticular fibers. The main substances it contains are hyaluronic acid, chondroitin sulfate. This type of tissue is part of the subcutaneous tissue.

- Adipose tissue: It is composed of a cell type called adipocira that store triglycerides. It is associated with areolar tissue. It acts as an insulator to prevent heat loss. It is the main source of energy and provides support and protection to various organs.

6 0
3 years ago
Darius, a physically disabled man, is refused the additional wages promised to him at the time of recruitment. When he enquired
nika2105 [10]

Answer:

C. The Vocational Rehabilitation Act

Explanation:

The vocational rehabilitation act was introduced to correct the issues associated with the discrimination of individuals with disabilities in the United States of America.

Darius employers discriminated against him by deciding not to pay him because he is a physically disabled man. The best course of action to be taken if Darius want to take legal actions against his employers is through the Vocational Rehabilitation Act. This is because the act prohibits employment discrimination against qualified persons with handicaps or disabilities.

4 0
3 years ago
Read 2 more answers
If your company's product is large home appliances such as washing machines, ranges, ovens, and refrigerators, would it seem to
ankoles [38]
No one customer likes the same thing, they all have dissimilar taste because of this A company that yields dry soup mixes and canned soups would be helped if it used the multi domestic strategy. By means of this strategy would let them to fit its soups to each country it chooses to do business with. The soups would be tailored to the local domestic territory, captivating into account the different fondness and local customs. Selecting to do this allows the customer to better obtain the company’s product in its place of seeing it as something manufactured by a foreign company.
5 0
3 years ago
Read 2 more answers
Other questions:
  • "The Price King Auto Mall pays their sales staff by commission. They are paid a percent of the profit the dealership makes on ea
    5·1 answer
  • You own a portfolio that is 30 percent invested in Stock X, 20 percent in Stock Y, and 50 percent in Stock Z. The expected retur
    9·1 answer
  • Help meee with this please!!!!!
    14·2 answers
  • Question in picture.
    10·1 answer
  • When longer-term employees' salaries are lower than those of workers entering the firm today, ______ has occurred.
    15·1 answer
  • If the MPC = .80, all taxes are lump-sum taxes, and the equilibrium GDP is $40 billion below the full-employment GDP, the size o
    9·1 answer
  • Evans and Hills, a beverages manufacturing company, has developed a new line of specialty teas and is seeking regular input from
    9·1 answer
  • The price of apples falls. what happens in the market for apple pies?
    5·1 answer
  • The Wall Street Journal reported the following spot and forward rates for the Swiss franc ($/SF):Spot...........................
    14·1 answer
  • Suppose that an increase in the price of melons from $0.50 to $1.50 per pound increases the quantity of melons that melon farmer
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!