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Veronika [31]
3 years ago
10

Henry and Charlotte are both 28 years old.

Business
1 answer:
konstantin123 [22]3 years ago
6 0

The statement "Henry is not required to report the $12,000 alimony received as income and Charlotte cannot claim alimony paid as an adjustment to income " is True

Explanation:

Significant information provided -  The divorce between Charlotte and Henry was finalized in January 2019 and split in 2018.

Charlotte paid $12000 for Henry's foodstuffs in 2019.

The review and conclusion of the study -  In the case of the divorce finalized in 2019 or later, the food allowance is now no longer deducible and is not declared as wages by the beneficiary according to the U.S. Internal Revenue Service.

In that case, the $12000 under income received will not be declared by Henry and Charlotte is not entitled to claim alimony as a result of salary adjustment.

So, Option B is correct statement.

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Answer:

$240,000

Explanation:

See attached file

3 0
4 years ago
At Bargain Electronics, it costs $30 per unit ($20 variable and $10 fixed) to make an MP3 player that normally sells for $55. A
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Computing the net income or loss if the company B realized the special order as given below:

                                  Reject order         Accept order           Net Income

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Revenues                        0                      $ 1,19,040               $ 1,19,040

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5 0
4 years ago
Is L. Gore a mechanistic or an organic organization? Support your answer with examples from the case?
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6 0
3 years ago
Lewis Industries owns 600,000 shares of Compton Corporation, which it originally purchased for $8 each. On December 1, 2020, Lew
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The equity will decrease through retained earnigns for 3,000,000 dollars

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6 0
3 years ago
Henry, the marketing team lead of Shield Corp, always consults his team members prior to making any important decisions. This, i
jeka57 [31]

Answer:

Open-minded thinking.

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Open-mindedness thinking can be understood as the willingness of an individual to try new ideas and they are certainly available to listen to other people's views and ideas. Here, Henry is using an open-minded thinking process of decision making, where he is open to listening to other people's ideas and thinking.  

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