When we use the IRS rule which states the standard deduction amount should be greater than $900 or the income earned by the taxpayer for the year in addition with $300 (should not be exceeding the regular standard deduction). Income earned by Toby is $2,897, then add
$300 into it.
The correct standard deduction amount would then be $3,197 ($2,897 +300)=$3197.
Standard deduction is the deduction given by the income tax authorities to the tax payer.
Internal revenue bulletin is the instrument used by the IRS for announcing all the rules.
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Answer:
50.0%
Explanation:
The computation of the information ratio is as follows
Information ratio = Alpha ÷ residual standard deviation
where,
Alpha is
= Average rate of return - required rate of return
The average rate of return is 18%
And the required rate of return is
= Risk-free rate + Beta × (Market rate of return - Risk-free rate)
= 7% + 1.25 × (15% - 7%)
= 17%
So, the alpha is
= 18% - 17%
= 1%
Therefore the information ratio is
= 1% ÷ 2%
= 50.0%
Answer:
BLUE Hope this helps :)))))
Explanation:
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Answer:
If the given situation turns into a legal dispute: Option D: the Court is likely to find that this is a unilateral mistake. However, since Builders knew (or should have known) that there was a mistake, the supplier will not be held to the $3,000 quote.
Explanation:
Builders requested a bid from the supplier and while answering the bid, supplier made an error.
Unilateral mistake is the one in which only one party commits a mistake. The party that doesn't make the mistake gets to know about the mistake done by the other party. The contract is then made voidable by the mistaken party.
A voidable contract is like a formal agreement which is made between the two parties in which contract is decided to be made not enforced in case of any legal reason. It may include, if any of the party is not able to disclose a fact or a mistake, misrepresentation or any undue influence by someone on any of the parties. Thus, in the given case, court will ,likely find this as unilateral fault.
