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Anarel [89]
3 years ago
6

Over the years Rianna paid $65,000 in premiums on a life insurance policy with a face value of $100,000. Upon reaching 65, while

still in good health, Rianna surrendered the policy and collected $95,000. In the year of collection, Rianna will reporta. no income.b. $5,000 of taxable income.c. $30,000 of tax loss.d. $95,000 of taxable income.
Business
1 answer:
KatRina [158]3 years ago
5 0

Answer:

$30,000 of taxable income

Explanation:

Given:

Total amount paid = $65,000

Face value of life insurance policy = $100,000

Surrender value receive = $95,000

Note: The amount received from the life insurance policy is non-taxable income but if any gain happens from the surrender of the policy, the amount of gain will be taxable.

Computation of Taxable income:

Taxable income = Surrender value receive - Total amount paid

Taxable income = $95,000 - $65,000

Taxable income = $30,000

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Suppose that you are opening a new music store in your town. How would the government affect your business?
raketka [301]

The government sets a minimum wage for employees, and will collect various taxes from the business (sales tax, unemployment insurance tax, etc).

4 0
3 years ago
Three workers each take home two packs of Post-It notes at a cost of $.67 per pack.
Katarina [22]

Answer:

$ 4.02

Explanation:

Take two packs ×3 and it = 6 then take 6 × 67 and you get $4.02

8 0
3 years ago
Managers who subscribe to ____________ believe that people are naturally lazy and uncooperative and must therefore be either pun
agasfer [191]

Manager who subscribe to Theory X believe that people are naturally lazy and uncooperative and therefore must either be rewarded or punished to be made productive to achieve the target.

Theory X and theory y are two theories of human motivation and management created by Douglas McGregor based on the works of Abraham Maslow and demonstrate opposing models of workforce motivation.  Theory X works on the assumption that the typical worker is unambitious, selfish, uncooperative and avoids responsibility, unintelligent, lazy, and that their main motivation is a steady income.

Managers who employ these assumptions tend to use a reward/punishment system as a motivator and expect increased efficiency with a hands-on approach. Under this type of management, individuals are more likely to directly receive a negative or positive outcome and are considered to be most effective in a workforce with low-performance motivation. A workplace that involves assembly lines or manual labor is ideal for this managerial style.  

You can learn more about theory X at

brainly.com/question/12440324

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3 0
1 year ago
A _____ plan gives all employees a minimum level of benefits and a set amount to spend on flexible benefits, such as additional
Katarina [22]

Answer:

Cafeteria Plan

Explanation:

The cafeteria plan is minimum benefits that the employer have to provide or personally provide to all the employees working in its organization. In some jurisdictions like USA and Europe, the employer has to provide minimum level of facilities and benefits to the employee which inculdes healthcare, pension contributions, etc.

5 0
3 years ago
Jamal has owned his home for about 5 years. his refrigerator needs to be replaced and jamal is thinking about buying an energy s
ipn [44]

Answer - A (7 years)


WORKINGS

To calculate how long it would take for the new refrigerator to pay for itself in lower utility costs, the cost of new refrigerator will be divided by lower utility cost per year

 

Cost of new refrigerator = $598

 

TO CALCULATE LOWER UTILITY COST PER YEAR

At a cost of only 12 cents per day

Annual cost will be 12 X 365 = 4380 Cents ($43.8)

 

Cost saved annually = Cost of old refrigerator – Cost of new refrigerator.

Lower utility cost per year = $132 – $43.8

Lower utility cost per year = $88.2

 

How long would it take for the new refrigerator to pay for itself in lower utility costs?

$598 ÷ $88.2

= 6.78 years

Approximately 7 years

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7 0
3 years ago
Read 2 more answers
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