Answer:
Since Will is getting the custody of their two children, he can claim them as dependents and deduct exemptions when he files his taxes.
- child tax credit ($2,000 per child under 18)
- child and dependent tax credit (up to $3,000 per child under 13 and $500 for dependent over 13)
- American opportunity education credit (up to $2,500 per child that studies x 4 years maximum)
Alimony can no longer be deducted from Janine's AGI, nor it should be included in Will's AGI.
Property distributions (cars and house) will not have any effect in their taxes, but if they sell them, their basis will be the value at the time of divorce.
Answer and Explanation:
The classification is as follows;
Inventory = current assets
Retained Earnings = stockholder equity
Dividends = dividend
Cost of Goods Sold = expense
Utilities Payable = current liabilities
Service Revenue = revenue
Accounts Payable = current liabilities
Rent Expense = expense
In this way it could be classified and the same is relevant
This structure is called the Marketing Information System, or MIS for short.
Answer:
d. Products sold by a firm.
Explanation:
Combination of products sold in relation to total products sold by the firm.
A firm can have any number of products and the proportion of each product in relation to the total number of units sold of all products together is the sales mix. For example a firm with 2 products sells P1 4000 units and P2 6000 units the sales mix then would be P1 40% and P2 60%. Therefor option D) is the right choice and accurate definition of a sales mix.
Hope that helps.
Someone who is retiring has more experience on what to invest in than someone who is still getting used to knowing what to invest in
