Answer:
The correct answer is letter "A": True.
Explanation:
Some State income tax refunds may in some cases be taxable income, according to the Internal Revenue Service (<em>IRS</em>). These must be recorded in the Form 1040 only in the situation where the taxpayer sought a deduction of the previous year's state and local taxes <em>if they were itemized</em>. Generally, state and local income tax deductions are not specified when <em>standard deductions</em> are filed.
Answer: c. Sydney can diversify 50% of her WillCo stock.
Explanation:
Employee stock ownership plan (ESOP) is simply referred to as an employee benefit where the employees of a particular company are given ownership interest as long as some certain criteria are met.
Once the workers become qualified participants, they can diversify certain percentage of their stocks. From the 1st-5th year, a qualified participant is allowed to diversify about 25% of his or her stock account and about 50% in the 6th year.
Based on the explanation, since Sydney has worked for WillCo for the last 20 years, Sydney can diversify 50% of her WillCo stock.
Answer:
The Commercial Products Division's Residual income in January is $ 37,400.
Explanation:
Residual income (which is a Managerial Accounting concept) is what remains from a departments income after the opportunity cost of the capital that it deploys has been removed.
The formula is given below:
Residual Income (RI) = Controllable Margin (CM) - Required Rate of Return (RRR) × Average Operating Assets (AOR)
Step I:
Insert all the given factors
RI = 148,000 - (14% x 790,000)
RI = 148,000 - 110600
Therefore, residual income RI = $ 37,400
Cheers!
Answer:
D) the quantity of funds supplied by households increases.
Explanation:
In loanable markets, price is the cost of loaned money.
So, increase in their price - i.e interest : increases the supply of loanable funds. Interest rates & supply of loanable funds is positively related : more loanable funds supply at higher interest rate, less loanable funds supply at lower interest rates
Hence, increase in real interest rate increases the quantity of funds supplied by households. Such because, increase in interest increases the opportunity cost of consumption expenditure. So, households consume less & save (deposit) more for higher interest rates.
Too many people try to withdraw their deposits at the same time
D its your answer