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
jasenka [17]
4 years ago
8

Three weeks after Abed died, his brother Tony properly received Abed’s last paycheck from his employer. The gross amount of the

check was $4,000, and a $300 deduction for state income taxes was subtracted in computing the net amount of the payment. Which of the following statements is true? a.It is deductible on both Tony's income tax return and on Abed's estate tax return.b.It is deductible on neither Tony's income tax return nor on Abed's estate tax return.c.It is deductible only on the income tax return of Abed's estate.d.It is deductible only in computing Abed's taxable estate.
Business
2 answers:
KIM [24]4 years ago
8 0

Answer:

The best answer is "A"

It is deductible both on Tony's income tax return and on Abe's estate tax return

Damm [24]4 years ago
5 0

Answer:

C) It is deductible only on the income tax return of Abed's estate.

Explanation:

Even after you die, the IRS will still require that the income taxes from the deceased person are filed (until the date of his/her death).

In this case, Abed's estate must file income taxes including this last check. Tony received the check, but he didn't work, the company is paying for Abed's work.

If Abed was actually rich and left over $11.2 million, then this last salary will also be taxed by the estate tax.

You might be interested in
Erik is a manager who organizes his department into teams at the beginning of september. by december, he worries because the tea
lozanna [386]
<span>It takes time for a team to develop and be productive, Erik should give some more time for the team to stabilize, sort out their differences and work towards the common objective as a team. This is normal for a team to have conflicts in the beginning, it leads to brain storming and help the team to get to know each other better and normalize.</span>
5 0
3 years ago
At the end of the fiscal year, the balance in Factory Overhead is small. The balance will be a.transferred to Work in Process b.
Mademuasel [1]

Answer:

d.transferred to Cost of Goods Sold

Explanation:

Given that

Balance in the factory overhead is small

So, the balance is normally transferred to the cost of good sold as the factory overhead consists of the indirect cost which are required to producing a product while the cost of goods sold is the total cost which is incurred to manufacture the cost. It involves direct cost as well as the indirect cost

4 0
3 years ago
If a firm is experiencing economies of scale in its production process, ______________________________. g
Assoli18 [71]

Answer:

its long-run average total costs will fall

Explanation:

Economies of Scale is a term used in business operation or production manufacturing to describe the cost benefits a company or firm acquired when it expands its quantity or number of output. This often leads to a decrease in average variable cost.

Hence, the right answer is this situation is If a firm is experiencing economies of scale in its production process, "its long-run average total costs will fall"

3 0
3 years ago
1. candidate recalls all the good things he has done, omitting facts that would justify his defeat debating team 2. impression t
ehidna [41]

The question is not properly organised and is asking what the following action means, see below proper sequence:

1.  A candidate recalling all the good things he has done, and omitting facts that would justify his defeat debating team is called (…).

2. Giving the impression that everyone is involved so the listener would feel the "danger" of missing out is  (…).

3. An organized group that competes with others in the art of debate is  (…).

4. Without any danger of error; basing actions on the truth is  (…).

5. To inform and make known the opinions and feelings of oneself is  (…).

Answer:

1. card-stacking

2. bandwagon

3. a debating Team

4. factually

5. propagandizing

5 0
3 years ago
_____ is a method whereby a shareholder elects a representative, commonly another individual or a written document, through whic
Talja [164]

Answer:

jh2h2hg2y3yy3y3

Explanation:

hwheheuu2u2u

6 0
3 years ago
Other questions:
  • The earnings and dividends of Nsuala Computer Co. are expected to grow at an annual rate of 15 percent over the next 4 years and
    13·1 answer
  • The u.s. estate tax is sometimes called the ____________ tax.
    6·1 answer
  • Suppose your firm receives a $ 3.2 million order on the last day of the year. You fill the order with $ 1.7 million worth of inv
    15·1 answer
  • Period costs for a manufacturing company would flow directly to:
    13·1 answer
  • The net present value: A) decreases as the required rate of return increases. B) is equal to the initial investment when the int
    13·1 answer
  • True or False:<br> A target market is the group of people lease likely to buy your product.
    12·1 answer
  • Ehere is miley fans here i csnt see​
    14·1 answer
  • Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard
    9·1 answer
  • Expalin how foreign employment contributes to spurring nation economy​
    5·1 answer
  • A critical component for labeling a person’s behavior as abnormal is that the behavior must:.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!