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Ostrovityanka [42]
3 years ago
13

Stephanie is a calendar year cash basis taxpayer. She owns a 50% profit and loss interest in a cash basis partnership with a Sep

tember 30 year-end. The partnership’s operating income (after deducting guaranteed payments) was $120,000 ($10,000 per month) and $144,000 ($12,000 per month), respectively, for the partnership tax years ended September 30, 2011 and 2012. The partnership paid guaranteed payments to Stephanie of $2,000 and $3,000 per month during the fiscal years ended September 30, 2011 and 2012. How much will Stephanie’s adjusted gross income be increased by these partnership items for her tax year ended December 31, 2011?
A. $60,000.
B. $72,000.
C.$84,000.
D. $90,000.
E. $108,000
Business
1 answer:
Nastasia [14]3 years ago
8 0

Answer:

d. 90,000

Explanation:

Amount received from partnership

                                                          2011                           2012

operating income                         60,000                         72,000

                                             (50% of 120,000)           (50% 0f 144,000)

guaranteed payments                  24,000                           36,000

                                              (2,000 × 12)                      (3,000 × 12)

    Total                                       84,000                            108,000

84,000 × 9/12 (from 1 jan 2011 - 30 sept 2011) = 63,000

108,000 × 3/12 (from 1 oct 2011 - 31 dec 2011) = 27,000

Total = 90,000 option d

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8 0
3 years ago
"If I didn't have class tonight, I would save the $4 campus parking fee and spend four hours at work where I earn $10 per hour."
Allushta [10]

Answer:

total opportunity cost is $44

Explanation:

given data

parking fee = $4

earn = $10 per hour

time = 4 hour

to find out

opportunity cost

solution

we first find 4 hour earning that is

earning = earn × time

earning = 10 × 4

earning in 4 hours = $40

and

saving = $4

so total opportunity cost = saving + earning

total opportunity cost = $4 + $40

so total opportunity cost is $44

8 0
2 years ago
Population growth: Suppose the world population today is 7 billion, and sup- pose this population grows at a constant rate of 3%
Alika [10]

Given Information:

Current Population = P₀ =  7 billion = 7x10⁹

Growth rate = r = 3 %

Period = t = 100 years

Required Information:

(a) Population after 100 years = ?

(b) Population after t = 0, 1, 2, 10, 25, 50 years = ?

(c) Population vs time graph = ?

Explanation:

The human population growth can be modeled as an exponential growth,

P = P_{0} e^{rt}

where P₀ is the current population, r is the growth rate and t is the time period

(a) What would the population equal 100 years from now?

P = 7x10^{9} e^{0.03*100}

P = 140.6x10⁹  

(b) Compute the level of the population for t = 0, t = 1, t = 2, t = 10, 25, and t =50

<u>t = 0</u>

P = 7x10⁹e⁰

P = 7x10⁹  

<u>t = 1</u>

P = 7x10⁹e^0.03*1

P = 7.213x10⁹

<u>t = 2</u>

P = 7x10⁹e^0.03*2

P = 7.423x10⁹

<u>t = 10</u>

P = 7x10⁹e^0.03*10

P = 9.45x10⁹

<u>t = 25</u>

P = 7x10⁹e^0.03*25

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<u>t = 50</u>

P = 7x10⁹e^0.03*50

P = 31.37x10⁹

(c) Make a population versus time graph

Attached as image

5 0
2 years ago
In a perfectly competitive market, the price of the product is
Mkey [24]

Answer:

b. set by market supply and demand. 

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A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Because goods are homogenous and there are many buyers in the industry, sellers do not set the price for their goods and services. Prices are set by the market forces of demand and supply. This makes sellers price takers.

Other features of perfect competition are :

1. No barriers to entry or exit of firms

2. Firms make zero economic profit in the long run.

I hope my answer helps you.

7 0
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D-residency in a hospital
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