Answer: The options are given below:
A. Single.
B. Head of household.
C. Surviving spouse.
D. Married, filing separately
The correct option is D.
Explanation: Married filing separately refers to a tax status that is used by married couples who have chosen to record their incomes, exemptions, and deductions using separate tax returns.
By filing separately, a couple can be kept in a lower tax bracket and, therefore, they are able to keep each individual's tax liability at bay.
From scenario presented above, we can clearly see that Brandy and Ben only just split up, and are uncooperative of each other in respect to finalizing the divorce.
Therefore, Ben has chosen the status of Married filing separately status.
You didn't finish your question, so I cannot know for sure. However, I did manage to find two such questions online - one is asking 1. How was the case settled? and the other one 2. How was Gurado's fraud discovered? Depending on which one is your question, here are the answers:
1. <span>Gurado was terminated and he immediately paid back the money.
2. </span><span>He suspected he was on the verge of being caught, called the company's president, and confessed that he had taken the money.</span>
In the consolidation eliminating entries for 2021, the equipment account (gross cost) is reduced by a net amount of <u>$340,000</u>.
<u>Explanation</u>:
<em><u>Given</u></em>:
Selling cost of equipment = $520,000
Original cost of the equipment = $200,000
Depreciation of asset = $20,000
The net amount of the Equipment = Original cost - Accumulated Depreciation
The net amount = $200,000 - $20,000 = $180,000
The Profit on Sale of the Equipment = Selling cost - The net amount
= $520,000 - $180,000
= $340,000
The equipment account (gross cost) is reduced by a net amount of <u>$340,000
</u>.
Answer:
Revenue (Consulting revenue + Rental revenue)=33000+22000=55000.
Operating expense (salaries expense+rent expense)=20000+12000=32000
Selling and administrative expense = 8000
Explanation:
Armani Company
Year end Income statement 2019
Revenue = 55000
less: Operating expense =(<u>32000</u>)
Gross Profit 23000
less :Selling and administrative expense = (<u>8000</u>)
Net profit 15000
Notes: Question should be mentioned the company nature of business so that we can identify company real business.