Generally speaking, the taxpayer can deduct his alimony payment but not his child support payment. He may, however, be entitled to claim the child as a dependent, although this is beyond the scope of the question.
We can deduct the alimony payment but not the child support payment. Smith paid Goode $20,000 in 2017, although he owes 24,000. The adjusted gross income depends only on how much Alimony he paid.
If he paid the full $6,000 alimony and only 14,000 of child support, he can deduct the $6,000 for an adjusted gross income of 50,000- 6,000= $46,000.
If, for example, he paid the full $18,000 in child support and only 2,000 in alimony, he can only deduct the $2,000 for an adjusted gross income of 50,000 - 2,000 =48,000.
Answer:
The longest average travel time on a voyage that allows C&A Cruise to meet its goal of serving 2000 passengers per week if its ships always travel fully loaded is 2.5 weeks.
Explanation:
here consider the inventory as passengers
inventory on voyage = 10*500 passengers
= 5000 passenger
s
passenger serving rate = flow rate
= 2000 passenger per week
flow time = inventory on voyage/ passenger serving rate i.e flow rate
= 5000 passenger/ 2000 passenger per week
= 2.5 weeks
Therefore, The longest average travel time on a voyage that allows C&A Cruise to meet its goal of serving 2000 passengers per week if its ships always travel fully loaded is 2.5 weeks.
<span>Coinsurance is the answer to this question. Coinsurance is
the amount the insured must pay before the health care benefits can be
reimbursed after you have paid your deductibles. Deductible in insurance is the
yearly payment before you can use your plan.</span>
Answer: B $22,500 ordinary and $3,500 capital.
Explanation:
Total loss incurred to Kristen = $26,000
The fair market value = $22,500
Capital loss = Total loss incurred - fair market value
Capital loss = $26,000 - $22,500 = $3,500 Capital loss
So the right answer is Option B $22,500 ordinary and $3,500 capital
Answer: $2,000
Explanation:
The question alludes to the Accrual principle of Accounting that states that companies need to report revenue and expenses on their income statement based on what they earned and incurred during the accounting period.
The investment is to earn 6% annually which means that every year it is to show returns of;
= 6% * 100,000
= $6,000
On a monthly basis therefore this should be;
= 6,000 / 12
= $500
They invested on September 1st which means that they would have been invested for 4 months by December 31.
The interest for the year is therefore;
= 4 * 500
= $2,000