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Firdavs [7]
3 years ago
12

Derek, a cash basis, unmarried taxpayer, had $1,580 of state income tax withheld during 2019. Also in 2019, Derek paid $158 that

was due when he filed his 2018 state income tax return and made estimated payments of $3,160 towards his 2019 state income tax liability. When Derek files his 2019 Federal income tax return in April 2020, he elects to take the standard deduction, which reduced his taxable income. As a result of overpaying his 2019 state income tax, Derek receives a refund of $1,106 in 2020.How much of the $1,106 will Derek include in his 2020 gross income?
Business
1 answer:
Anvisha [2.4K]3 years ago
3 0

Answer:

$0

Explanation:

The deductions made as seen were in the year 2019.

If Derek elects to take standard deduction in filling federal income tax return, the amount of refund will not be taxable and not to be included in 2020 gross income

Hence, no tax benefit rule applies as the standard deduction was taken in 2019.

Amount of refund that will be included in 2020 gross income is thus $0

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If we standardized both variables, what would be the regression equation that predicts standardized mortgage amount from standar
aalyn [17]

Answer:

b_{1} = r \frac{Sy}{Sx} = -0.84

b_{0} = y - b_{1} x

The mortgage will be 220.88

The interest amount will be 7.768

Explanation:

Regression model is used to identify the relation between two variables. In the given question the regression model fits best to identify the mortgage amount from interest rates. The interest rate and mortgage both are quantitative values so the regression model is most suitable for this.

4 0
3 years ago
McNeese is determining the staffing level for their credit union located within the university. The beginning of the fall semest
ad-work [718]

Answer:

Check the explanation

Explanation:

Average Service Rate

Time to complete request from 1 customer – 10 minutes = 10/60 = 0.16

Average time in line

Utilization of employee = Customer arriving in a single line per hour / Number of customer that a teller can serve in our

= 3/6 = 0.5

Average number of customer in line = 3*3/6(6- 3)

                                                               = 9/18= 0.5

Average time in Line = 0.5/ 3 = 0.16 hr

7 0
3 years ago
In the multiplex industry, Vibrant Movies Inc. is an upscale multiplex that focuses on superior customer experience. The firm ch
Rudiy27

Answer:

True movies is pursuing an integration strategy.

Explanation:

"Integrated marketing is the process of delivering a consistent and relevant content experience to your audience across all channels. [...] The ultimate goal of integrated marketing is a consistent, customer-centred experience that delivers results for your brand."

Reference: NewsCred. “What Is Integrated Marketing?” Insights, 7 Oct. 2019

5 0
3 years ago
Read 2 more answers
My name marsh, ninja
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Answer:  NINJA IG you pick one lol

Explanation:

6 0
3 years ago
The ratio of the percentage change in the quantity supplied of a good/service/e-good/e-service to a given percentage change in i
KiRa [710]

The answer is true. The percentage change in quantity supplied as a result of a specific percentage change in the commodity's own price is known as price elasticity of supply.

It is determined by dividing the percentage change in the quantity delivered by the percentage change in the commodity's price. These factors impact the price elasticity of supply: Number of producers: simplicity of entrance. Spare capacity: If there is a change in demand, it is simple to expand production. Switching is simple when production of the good may be changed, making the supply more elastic. The availability of non-essential items like soft drinks.

To learn more about supply, click here.

brainly.com/question/13296654

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4 0
1 year ago
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