Answer:
True
Explanation:
Form 1040 NR is a document that is filed by U.S. residents. The taxable income is filled in the document to identify tax paynment or refund. Juan is student and he is dependent on the interest income that comes from the saving which is by their parents earnings. The interest income saves the tax and there will be refund on this income. Juan should file the 1040-NR document.
Answer: Income statement.
Explanation:
Also known as the profit and loss account, the income statement is a financial record that shows the amount of money that a business establishment receives and spends during a certain period (week, month or year). The profit or loss is determined by subtracting the expenses from the income during a period.
Answer: taxable income = $162,000
Tax = $46,430
Explanation:
Answer:
d. contracts drafted under a common law system tend to be longer than those drafted under a civil law system.
Explanation:
Common law can be defined as a set of unwritten laws which are primarily based on precedent court decisions, tribunal decisions and customs and are usually employed in similar court judgments and rulings that cannot be determined by existing statutes.
On the other hand, civil law can be defined as a set of law which regulates private or personal matters such as family matters, marriage, property, contracts etc.
When comparing contracts in common law and civil law systems, it can be said that contracts drafted under a common law system tend to be longer than those drafted under a civil law system because the drafters of contracts under civil law are able to rely on codified and standard default rules.
Answer:
$95,400
Explanation:
The computation of total cost of ending work in progress inventory is shown below:-
Material = 18,000 Units × 100% × $2.75
= $49,500
Labor = 18,000 Units × 60% × $4.25
= $45,900
The total cost assigned to the ending work in process inventory
= Material + Labor
= $49,500 + $45,900
= $95,400
So, for computing the total cost assigned to the ending work in process inventory we simply add material with labor.
