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AleksAgata [21]
3 years ago
13

Camille Sikorski was divorced in 2017. She currently provides a home for her 15-year-old daughter Kaly. Kaly lived in Camille’s

home for the entire year, and Camille paid for all the costs of maintaining the home. She received a salary of $50,000 and contributed $4,000 of it to a qualified retirement account (a for AGI deduction). She also received $5,000 of alimony from her former husband (per divorce decree issued in 2017). Finally, Camille paid $15,100 of expenditures that qualified as itemized deductions. c. Assume the original facts but now suppose Camille’s daughter, Kaly, is 25 years old and a full-time student. Kaly’s gross income for the year was $5,100. Kaly provided $3,060 of her own support, and Camille provided $5,100 of support. What is Camille’s taxable income?
Business
1 answer:
Rudik [331]3 years ago
4 0

Answer:

Camille’s taxable income is $34 900.

Explanation:

Gross income(50 000+5 000)                  55000

For AGI deduction                                     (4000)

ADJUSTED GROSS INCOME                    51 000

itemized Deduction                                    15 100

Taxable income(51000-15100)                   34 900

Therefore, Camille’s taxable income is $34 900.

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Who are the stakeholders who should be involved in the system and acquisition process?
Pavlova-9 [17]

Stakeholders in a business process may include the project manager, employees, donors, investors, shareholders, customers, competitors, suppliers, vendors, local and national communities, internal and external organizations, government and its regulatory agencies and labor unions.

In business, a stakeholder is a member of "the group without whose assistance the organization would cease to exist," as defined in the term first used in a 1963 Stanford Research Institute internal memorandum. This theory was developed and endorsed by R. Edward Freeman in the 1980s.

A stakeholder is a party involved in a business that affects or is affected by the business. The main stakeholders of a typical company are investors, employees, customers and suppliers.

Stakeholders are individuals, groups or organizations directly involved in or indirectly affected by a project, product, service or business. As such, stakeholders also influence why and how companies do business.

Learn more about Stakeholders brainly.com/question/4404879

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3 0
1 year ago
Required financial statements of funds may include the following, among others: I. Statement of net assets II. Statement of reve
Alina [70]

Answer:

option D ( ii, iii and iv )

Explanation:

Required financial statements that should be issued by governmental funds and by proprietary  funds include the following among others:

  • statement of revenues, expenditures and changes in fund balances,
  • balance sheet,
  • statement of cash flows

These among others are expected to reflect/ be included in Financial statement issued by Governmental funds and proprietary funds.

8 0
3 years ago
Groupong Inc. recently paid a $2.78 annual dividend on its common stock. This dividend increases at 3.50 percent per year and th
liq [111]

Answer:

c) 11%

Explanation:

The question is to determine the rate of return on Groupong Inc's

The rate of return represents an investment's net gain or net loss calculated over a period of time and usually expressed in terms of the percentage of the initial cost of investment.

The rate of return in this question is calculated as follows:

Rate of Return = (The Dividend for the next year/ the current price of the share) + The Growth rate

The dividend for the next year = current year dividend x (1+r), where r is 3.5

= 2.78 x (1+0.035)

=2.78 x 1.035

= (2.8773/38.3) + 0.035

=0.1101 or 11%

5 0
3 years ago
Adding a new product line to an existing portfolio means that the line has​ __________________. A. increased product support ser
OLEGan [10]

Answer:

<u>B. extended product line length</u>

Explanation:

  • The product line is a pricing strategy refers to as the pricing line extension and its purpose is to attract new customers, who may or may not be familiar with the current standard product line.
  • Thus It adds a higher quality to the current products, considered as trading and forward stretch. Various features include the price lining, bundle pricing, bait pricing, leader pricing.
  • Supermarkets like Walmart and amazon can often apply stretch top product lines so s to often grade there products to ensure that all markets are covered as to gain the maximum interest from customers.
7 0
3 years ago
Suppose the quantity demanded of a particular good increases by 30%, and (the absolute value of) the price elasticity of demand
viktelen [127]

Answer: Option (c) is correct.

Explanation:

Given that,

Quantity demanded increases by = 30%

Price elasticity of demand = 2

Therefore,

Price elasticity of demand = \frac{Percentage\ change\ in\ quantity\ demanded}{Percentage\ change\ in\ prices}

2 = \frac{30}{Percentage\ change\ in\ prices}

Percentage change in prices = \frac{30}{2}

                                                = 15%

Therefore, price of a particular good decreases by 15%.

8 0
3 years ago
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