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ahrayia [7]
2 years ago
7

Ted earned $150,000 during the current year. He paid Alice, his former wife, $75,000 in alimony. The couple divorced in 2016. Un

der these facts, the tax is paid by the person who benefits from the income rather than the person who earned the income.TrueFalse
Business
1 answer:
aleksklad [387]2 years ago
8 0

Answer:

The answer is: True

Explanation:

Tax law was changed for the 2019 tax year, (Tax Cuts and Jobs Act 12-22-2017), 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. Since Ted and Alice got divorced in 2016, the change doesn´t apply to them.

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Identify two of Tumi Manufacturers complies with the
Komok [63]

Two of the laws that Tumi manufacturers comply with are

  • Labor laws
  • Environmental laws.

<h3>What is corporate social responsibility</h3>

This is the responsibility of an organization to the the area where they operate.

The manufacturers have to comply with the labor and the employment laws that have been set in the country that they operate.

Also one of their corporate responsibilities is to ensure safe practices that are safe and not harmful of our environment.

Read more on corporate social responsibility here: brainly.com/question/1373962

5 0
2 years ago
The price index was 150 in the first year, 142.5 in the second year, and 138.2 in the third year. The economy experienced:______
Maslowich

Answer:

The correct answer is:

5.0 percent deflation between the first and second years, and 3.0 percent deflation between the second and third years. (a)

Explanation:

to calculate the percentage deflation, we will simply calculate the percentage change in price between the years stated. This is calculated as follows:

% change = \%\ change = \frac{P_2 - P_1}{P_1} \times 100\\where:\\P_1 = initial\ price\ index\\P_2 = New\ price\ index\\for\ first\ and\ second\ years\\\therefore \%\ change = \frac{142.5 - 150}{150} = \frac{-7.5}{150}= -0.05  \times 100 = -5\%\\

Note that the negative sign shows a deflation.

if you use the same method for years two and three, you should get -3%, using P₁ as 142.5 and p₂ as 138.2. Hence option 'a' is correct.

7 0
3 years ago
An important part of obtaining venture capital funding is going through ________ , which refers to the process of investigating
geniusboy [140]

Answer:

Due-diligence

Explanation:

Due diligence is the process of inspection by the venture capitalist to determine whether to invest in any company or not. In due diligence they gauge the potential of success of company and potential profitability. Due diligence process involves asking question to obtain important information to verification of  feasibility of business opportunity. The question is primarily involved around date from financial reports, legal aspects, any intellectual property possess, the assets and liability of company.

Since given in question key claims of business plan is being verified, therefore due diligence process is being followed in venture capital funding

5 0
3 years ago
1. On Jordan's 20th birthday he decides to invest 10,000 that he has saved. He will not be adding any money to the initial inves
S_A_V [24]

Answer: E

$98,514

Explanation:

6 0
3 years ago
Read 2 more answers
How might a customer react to a salesperson's<br> weak handshake?
melisa1 [442]

Answer:

I think the customer will get upset.

The customer will think the salesperson is not ready to attend to him.

6 0
2 years ago
Read 2 more answers
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