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Dominik [7]
3 years ago
5

Justin Peter earned a salary of $30,000 during the current year. During the current year, he was required by his employer to tak

e several overnight business trips, and he received an expense allowance of $1,500 for travel and lodging. In the course of these trips, he incurred the following expenses: Travel $1,100 Lodging 500 Entertainment of customers 400 What is Justin’s adjusted gross income if he does not account to his employer for the expenses? A. $29,500 B. $29,900 C. $30,000 D. $31,500
Business
1 answer:
nikitadnepr [17]3 years ago
6 0

Answer:

$31,500

Explanation:

Given:

Earned a salary = $30,000

Expense allowance received for travel and lodging = $1,500

The expenses incurred by an employee over business expenses do not need to be deducted from gross income or included in the gross income.

Hence, the gross salary of Justin Peter  

= Earned a salary + Expense allowance received for travel and lodging

= $30,000 + $1,500

= $31,500

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In 2007, the economy slipped in a recession that many called the worst since the Great Depression. This caused people to experie
Elis [28]

Answer:

an increase in equilibrium price and an indeterminate effect on equilibrium quantity.

Explanation:

An inferior good is a good whose demand increases when income falls and reduces when income rises.

If ramen is an inferior good, when income falls its demand would increase. This would lead to a rise in quantity and price.

An increase in the price of wheat would increase the cost of production of ramen. As a result, the supply of ramen would fall. Price would increase and supply would fall.

The combined effect would be an increase in equilibrium price but an indeterminate effect on equilibrium quantity.

I hope my answer helps you

3 0
3 years ago
A single-price monopoly can sell 2 units for $8.50 per unit. in order to sell 3 units, the price must be $8.00 per unit. the mar
MAVERICK [17]
Marginal revenue is the ratio that is calculated in order to account for the change in overall income that results from selling one additional unit. This term is usually considered a microeconomic term but has many managerial accounting applications. 

The formula to be used is,
             Marginal revenue = (change in total revenues)/(change in quantity sold)

Revenue for 2 units sold:   R = (2 units)($8.50/unit) = $17
Revenue for 3 units sold:    R = (3 units)($8.00/unit) = $24
   
Change in Total Revenue = $24 - $17 = $7

Marginal Revenue = ($7) / (3 - 2) = $7/1

<em>ANSWER: Marginal Revenue: $7/unit</em>
8 0
3 years ago
During lunch, the director of the Streets and Parkways Department of City made the following comment: “For the past 10 years, I
Usimov [2.4K]

The behavior is unethical as the overstatement in the figures is wrong.

<h3>What is an ethical behavior?</h3>

Honesty, fairness, and equity in interpersonal, professional, and academic relationships, as well as research and scholarly activities, are characteristics of ethical behavior. Individuals and groups of people's dignity, diversity, and rights are all respected in ethical behavior.

Obedience to company rules, effective communication, taking responsibility, accountability, professionalism, trust, and mutual respect for coworkers.

In this case, for the past 10 years, the director deliberately overstated the labor and equipment needs by 20 percent when preparing the budget request. This is unethical.

In order to cut down the padding, there should be a final review on the budget before it's submitted for approval.

Learn more about ethics on:

brainly.com/question/13969108

#SPJ1

6 0
1 year ago
You are an HRIS specialist. What is your job description? Group of answer choices ​manage one or more administrative human resou
Brums [2.3K]

I will answer your question as much as i can since the multiple options are not clearly spelt out.

Answer:

Explanation:

HRIS, the acronym for Human Resource Information System, is a system that is used by human resources manager/department to gather, store, analyze information that concerns a firm's human resources which is important in the collection, storage, management, etc of data for human resource function.

Simply put, HRIS is a system that is used to collect, store and analyze human resources data for onward storage and management as it concerns a firm.

A firm's human resources includes databases, computer application, hardware and/or software, etc.

As a human resource manger, the job description of the position includes staffing(recruitment and employment), employee benefits and compensation management as well as defining job roles of job positions.

The above responsibilities of HRM usually is aimed at maximizing the productivity of a firm through its employees. This simply means HRM is there to motivate and get the best out of employees to ultimately improve the productivity of the firm.

Cheers.

7 0
3 years ago
A delivery truck has a depreciation basis of $50,000 and the depreciation schedule for the truck is as follows: Year 1 2 3 4 Dep
Andrew [12]

Answer:

$11,000

Explanation:

Depreciation expense in year 1 = 0.33 x $50,000 = $16,500

Depreciation expense in year 2 = 0.45 x $50,000 = $22,500

Book value in year 2 = cost of asset - accumulated depreciation

$50,000 - ( $16,500 + $22,500) = $11,000

8 0
3 years ago
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