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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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The process of getting, training, appraising, and compensating employees, and of attending to their labor relations, health and
-BARSIC- [3]

Answer:

<em>The process of getting, training, appraising, and compensating employees, and of attending to their labor relations, health and safety, and fairness concerns is known as Human Resource Management.</em>

Explanation:

<em>(1) Human Resource Management </em>is basically the management of the processes from start to end with respect to the people thought to be a part of the organization in the near future. The starting processes include <em>getting,</em> <em>training and compensating </em>people also and the end processes include <em>compensating employees, attending to their labor relations, health and safety and fairness concerns.</em>

<em>(2) Human Resources </em>i.e. the people<em> </em>are the biggest asset of an organization and thus are referred to as <em>Human Capital. </em>Their good management can make the smaller businesses rise to bigger businesses. The objectives of the organisation and the human resources should move side by side in, so that both the organisation and the people in it can prosper.

Hence, we can say that <em>human resource management is the key which makes differences between a successful organization and a failed organization possible. </em>

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7 0
4 years ago
Read 2 more answers
During the year, Octagon produced 8,000 units, used 24,000 direct labor hours, and incurred variable overhead of $120,000. Budge
Naily [24]

Answer:

Variable manufacturing overhead rate variance=  $48,000 unfavorable

Explanation:

Giving the following information:

Actual direct labor= 24,000 direct labor hours

Actual variable overhead of $120,000.

The standard variable overhead rate is $3.00 per direct labor hour.

<u>To calculate the variable overhead spending variance, we need to use the following formula:</u>

Variable manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity

Actual rate= 120,000/24,000= $5

Variable manufacturing overhead rate variance= (3 - 5)*24,000

Variable manufacturing overhead rate variance=  $48,000 unfavorable

6 0
4 years ago
As little as _______ percent of privately owned 4es ever move from the start-up stage to the success stage.
Vinil7 [7]
<span>As little as (C) 2 percent of privately owned 4es ever move from the start-up stage to the success stage. Owning a start-up company is a tedious and challenging job. It takes a lot of responsibility towards making it a stable one and easily attack conflicts. It is a big risk, but the success of the risk will bring you to a higher level.</span>
6 0
3 years ago
Which phrases offer the MOST vivid descriptions in this student's narrative about some children's experiences at an attraction a
leonid [27]

Answer:

I have forgotten later I tell you

Explanation:

6 0
3 years ago
More than 10,000 people waited in line for more than two hours to see a titan arum (a rare flower) at cambridge botanic garden.
weqwewe [10]

An economist would conclude that when goods are not rationed by monetary price or lottery, other rationing mechanisms like waiting arises.

Here, many people were willing to wait for more than two hours to see the rare flower. The visiting was arranged in such a way that first come, first see. The rareness of the flower made no option but to wait in line to see it.

In an economist's perspective, he will compare the flower to the goods. There is rationing for food through monetary and lottery mechanisms. But if  there were no mechanisms like this, then waiting will be the only way to consume goods. Here, because the flower was rare, it cannot be rationed by price. But we are still able to ration goods by price. If someday, there will be lack of goods, then the only rationing mechanism we could opt will be waiting in lines.

Learn more about rationing mechanisms at brainly.com/question/14938189

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7 0
2 years ago
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