1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
labwork [276]
3 years ago
6

Brady recently graduated from SUNY–New Paltz with his bachelor’s degree. He works for Makarov & Company CPAs. The firm pays

his tuition ($10,000 per year) for him so that he can receive his Master of Science in Taxation, which will qualify him to sit for the CPA exam. How much of the $10,000 tuition benefit does Brady need to include in gross income?
Business
2 answers:
klemol [59]3 years ago
4 0

Answer:$4,750

Explanation:

Taxable amount is given as  = Tuition benefits - Excludable amount

where,

Tuition fees benefits by company  = $10,000

Employer Tuition Assistance = $5,250 exclusion from income per student Tuition for oneself  (Employee) based on  graduate or doctoral classes  taxed on the dollar amount over and above the first $5,250.00 of tuition benefits paid per calendar year.  (source https://www.irs.gov/newsroom/tax-benefits-for-education-information-center)

therefore, Taxable amount = $10000-$5250

Taxable amount = $ 4750

Brady need to include$ 4750 in gross income.

GalinKa [24]3 years ago
4 0

Answer:

Mr. Brady can embrace $4,750 as Education Benefits

Explanation:

As per the Section 127(a)(2), any taxpayer can eliminate up to $5.250 of education aids from his/her yearly revenue.

Taxable amount = Education aids - Excludable expanse

Taxable amount = $10,000 - $5,250

Taxable amount = $4,750

Therefore, Mr. Brady can embrace $4,750 from his revenue as education benefits.

You might be interested in
in chronological order based on the three lessons studied, discuss why it is very important to learn economics in our real world
Elza [17]
I have a lot to say about the president and president for
3 0
3 years ago
ssume that Kish Inc. hired you as a consultant to help estimate its cost of capital. You have obtained the following data: D 0 =
Rufina [12.5K]

Answer:

Option (D) is correct.

Explanation:

Given that,

Dividend, D0 = $0.90

Price, P0 = $27.50

Growth rate, g = 7.00% (constant)

D1 = D0 (1 + g)

    = $0.90 × (1 + 0.07)

    = $0.90 × 1.07

    = $0.963

Cost of equity, Ke = [ D1 ÷ P0 ] + g

                               = [$0.963 ÷ $27.50 ] + 0.07

                              = 0.0350 + 0.07

                               = 0.1050 i.e 10.50 %

7 0
3 years ago
An investor must decide between putting $2,000 into a regular retirement plan or putting $1,440 into a Roth retirement plan. If
Novosadov [1.4K]

Answer:

They both produced the same cash amount

Explanation:

The regular retirement would have its deducted after withdrawal from the plan while Roth retirement plan's tax would have been deducted prior to investing funds in the plan

The future value of the $2000 is computed thus:

FV=PV*(1+r)^n

PV is the amount saved in the plan which is $2000

r is the growth rate of the funds in the plan which is 12%

n is the number of years the amount would be left in the plan

FV=$2000*(1+12%)^20=$ 19,292.59  

After tax amount=$ 19,292.59*(1-28%)=$ 13,890.66  

The future value of the $1,440 is computed thus:

FV=$1,440*(1+12%)^20=$ 13,890.66  

The Roth plan has not tax implication thereafter as tax was paid before savings.

7 0
3 years ago
Specialty stores like Lids carry ________ with ________. A. wide product lines; shallow assortments B. narrow product lines; sha
4vir4ik [10]

Answer:

narrow product lines; deep assortments

Explanation:

product line is group of same type of product selling under a same brand name.

narrow and wide product line is defined on the basis of number of type of product being sold by a retailer.

Narrow product line is a retailing strategy which means that few type of products which is being sold by a retailer.

Example: Pizza hut which sells only limited number of eatables thus they have narrow product lines

Wide product line means very high number of different type of product is being sold by the retailer.

Example:wall mart which sells wide number of products

Assortment is strategy in retail which defines number of different brands of same type of product which is being sold by a retails.

It is of two types

shallow assortments: It means very few brands of same type of product is offered by a retailer.

deep assortment: It means large of number of different brand of same type of product is being sold by a retailer.

Specialty stores are store which sell only limited type of product but they offer wide variety of choices of brand for the products which they sell. In retail marketing term they keep narrow product line but deep assortments as mentioned in the definitions above

Since Lids is a specialty store the correct option would be narrow product line, deep assortments.

4 0
3 years ago
Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..
Wewaii [24]

Answer:

C

Explanation:

Job Analysis is mainly related to the skills and qualifications of the person doing the job, so this would allow leadership to see if a position is over or understaffed.

3 0
3 years ago
Other questions:
  • 22. On January 1, 2021, Princess Corporation leased equipment to King Company. The lease term is eight years. The first payment
    5·1 answer
  • A forecasted workload and a recommended care standard determine the:
    5·1 answer
  • A Lorenz curve measures the ________ on the vertical axis.cumulative percentage of money incomecumulative percentage of family w
    6·1 answer
  • "A ________ is a characteristic providing a legitimate reason why an employer can exclude persons on otherwise illegal bases of
    6·1 answer
  • When you are writing to reject a job​ application, which of these is considered the BEST​ strategy?
    9·1 answer
  • A contingent liability is:Multiple ChoiceAlways of a specific amount.An obligation arising from the purchase of goods or service
    13·1 answer
  • Magic Realm, Inc., has developed a new fantasy board game. The company sold 16,400 games last year at a selling price of $70 per
    15·1 answer
  • A restaurant currently uses 62,500 boxes of napkins each year at a constant daily rate. the cost to order napkins is $200.00 per
    9·1 answer
  • What is the relationship between interest rates and aggregate spending?
    11·1 answer
  • When poor performance is attributed to a lack of knowledge, team members are most likely to respond by
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!