1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Olenka [21]
3 years ago
12

Tamara is 52 years old and her divorce became final on September 20, 2014 and has not been modified. The divorce decree stipulat

es she is required to pay alimony of $500 a month to her ex-husband. She paid him a total of $6,000 in 2019. • Tamara pays all the cost of keeping up her home in the United States. She earned $40,500 in wages in 2019, her only income. • Tamara's daughter. Kimberly, lived with Tamara all vear. Kimberly is 18 vears old, single and earned $8.000 in wages • Kimberly's son. Christian. was born on December 2, 2019. Christian lived in Tamara's home all year. • Tamara provides more than half of the support for both Kimberly and Christian. • Tamara, Kimberly, and Christian are all U.S. citizens with valid Social Security numbers. 1. Tamara and her ex-husband's divorce was final before December 31, 2018. How does this affect their 2019 tax returns? A. Tamara is not eligible to deduct alimony paid as an adjustment to income. Her ex-husband is not required to report alimony received as income. OB. Tamara is not eligible to deduct alimony paid as an adjustment to income. Her ex-husband is required to report alimony received as income. C. Tamara is allowed to deduct alimony paid as an adjustment to income. Her ex-husband is not required to report alimony received as income OD. Tamara is allowed to deduct the alimony paid as an adjustment to income. Her ex-husband is required to include the alimony received as income. 2. What is the most beneficial filing status allowable for Tamara? A. Married Filing Separately B. Married Filing Jointly OC. Head of Household OD. Single 3. Who can Tamara claim as a qualifying child(ren) for the earned income credit? A. Tamara has no qualifying children. OB. Tamara can claim Christian, but not Kimberly. OC. Tamara can claim Kimberly, but not Christian. OD. Tamara can claim both Kimberly and Christian.

Business
1 answer:
never [62]3 years ago
8 0

Answer:

Please see attachment

Explanation:

Please see attachment

You might be interested in
You are considering the purchase of a new machine to help produce a new product line being introduced. The machine is expected t
miss Akunina [59]

Answer:

A. 4.3 batches

B. 215 parts

C. 3 batches

D. 184 parts

Explanation:

Please find explanation attached

7 0
3 years ago
Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 3% of credit sales, (2)
Genrish500 [490]

Answer:

1.

Date                   Account Title                                             Debit          Credit

Dec. 31             Bad debt expense                                    $9,000

                        Allowance for doubtful accounts                                 $9,000

Working

= 3% * 300,000

= $9,000

2.

Date                   Account Title                                             Debit          Credit

Dec. 31             Bad debt expense                                    $12,000

                        Allowance for doubtful accounts                              $12,000

Working

= 1% * total debt

= 1% * (900,000 + 300,000)

= $12,000

3.

Date                   Account Title                                             Debit          Credit

Dec. 31             Bad debt expense                                    $12,500

                        Allowance for doubtful accounts                              $12,500

Working

= 6% * Accounts receivable

= 6% * 125,000

= $7,500

As the Allowance account is in debit, it means that bad debt exceeded the allowance so this balance needs to be added to properly cater for bad debts.

= 7,500 + 5,000

= $12,500

8 0
3 years ago
Settings alzania produces and consumes​ 500,000 tons of cotton during a year. Reports indicate that​ alzania's neighbor, which a
UkoKoshka [18]

Answer: C- Alzania's neighbor exported half its production of cotton that year

Explanation: Alzania produces and consumes​ 500,000 tons of cotton during a year. While, the neighbor which also employs the same number of people in the cotton​ industry, consumed​ 400,000 tons of cotton. There is no information on production of the neighbor. Just by looking at the consumption units we can argue that Alzania has an absolute advantage over the neighbor as it consumes more. However, if there is any information on the amount of exports of cotton from the neighbor then it will weaken the absolute advantage conclusion.

Thus, if <em>Alzania's neighbor exported half its production of cotton that year </em>the total production of cotton is greater of the neighbor than Alzania.

6 0
3 years ago
Pronghorn Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures we
Leokris [45]

Answer:

The interest rate for capitalization purposes will be of 11%

Explanation:

The company will average all the debt oustanding during the year

1,050,550  x 13%   =     136,571.5

2,080,800 x 10%   =   208,080

<u>3, 831,200</u>  x  11%   = <u>  421, 432  </u>

6,962,550‬                 766,083.5

a debt of 6,962,550 dollars generates 766,083.5 dollars of interest:

principal x rate = interest

rate = interest / principal

766,083.5 / 6,962,550 = 0,110029 = 11%

4 0
3 years ago
Henry Edwards was injured in an accident caused by another driver who did not have insurance. Henry's medical expenses would be
balu736 [363]

The correct answer is option D, uninsured motorists protection

In the uninsured motorists protection, an individual  gets medical insurance who has faced accident due to low liability of the driver (or any person driving the car) to meet the expenses of the accident as he was not having insurance


6 0
3 years ago
Other questions:
  • If you invent something and don't patent it, it falls into the public domain, meaning that ________.
    12·1 answer
  • Saving and loans associations are not subject to federal regulations
    5·1 answer
  • Gilmore, Inc., had equity of $145,000 at the beginning of the year. At the end of the year, the company had total assets of $210
    11·1 answer
  • A small self-service store that is open long hours and carries a narrow product assortment in convenient locations is best descr
    6·1 answer
  • Why is saving called a leakage? Why is planned investment called an injection? Why must saving equal planned investment at equil
    5·1 answer
  • Duce, Inc. produces two different products (Product A and Product X) using two different activities: Machining, which uses machi
    7·1 answer
  • What are B2C and B2B sales?
    12·1 answer
  • All of the following can be associated with asset-backed securities except A) the securitization of assets. B) minimal risk. C)
    7·1 answer
  • is the use of resources by an individual, firm, region, or nation to produce one or a few goods or services rather than the enti
    14·1 answer
  • Briefly discuss Sherif’s (1966) classic study of boys at summer camp in terms of findings and implications for understanding com
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!