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3 years ago

Determine the number of personal and dependency exemptions ineach of the following independent situations.

Business

1 answer:

kipiarov [429]3 years ago

4 0

Answer:

A) There are 2 personal exemptions : Elton using her money ( $4500 ) to provide transportation for elderly persons with disabilities and Leo and Trista receiving a $5000 scholarship

There are 2 dependency exemption : Elton and Trista staying with their parents is a dependency exemption and Leo and Amanda furnishing more than 50% of the support of their children

B) There is one personal exemption : Audrey been divorced and living alone

There are 2 dependency exemptions : Audrey maintaining a household in which her ex-husband and others live and Olive been old and Blind

C ) There are 2 personal exemptions : Pierce earning $4000 from a part time job and All parties living in NEW YORK

There are 2 independent exemption : Jacque furnishing more than 50% of the support of his married daughter and Pierce who is 18 living with Carin

D) There are 2 personal exemptions ; Pierce earning $4000 from a part time job and All parties living in NEVADA

There are 2 independent exemption : Jacque furnishing more than 50% of the support of his married daughter and Pierce who is 18 living with Carin

Explanation:

A) The number of personal and dependency exemptions in this independent situation is

There are 2 personal exemptions : Elton using her money ( $4500 ) to provide transportation for elderly persons with disabilities and Leo and Trista receiving a $5000 scholarship

There are 2 dependency exemption : Elton and Trista staying with their parents is a dependency exemption and Leo and Amanda furnishing more than 50% of the support of their children

B) The number of personal and dependency exemptions in this independent situation is

There is one personal exemption : Audrey been divorced and living alone

There are 2 dependency exemptions : Audrey maintaining a household in which her ex-husband and others live and Olive been old and Blind

C ) The number of personal and dependency exemptions in this independent situation is

There are 2 personal exemptions : Pierce earning $4000 from a part time job and All parties living in NEW YORK

There are 2 independent exemption : Jacque furnishing more than 50% of the support of his married daughter and Pierce who is 18 living with Carin

D) The number of personal and dependency exemptions in this independent situation is

There are 2 personal exemptions ; Pierce earning $4000 from a part time job and All parties living in NEVADA

There are 2 independent exemption : Jacque furnishing more than 50% of the support of his married daughter and Pierce who is 18 living with Carin

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Lady bird [3.3K]

Answer:

No impairment should be recorded

Explanation:

$2,530,000>$2,490,000 No impairment because the expected future net cash flows from the equipment is greater than the carrying amount.

Therefore Vaughn will record or report no impairment

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3 years ago

Suppose Juan has three job offers. He can earn $50,000 in Atlanta, GA; $70,000 in Boston, MA; or $100,000 in San Francisco, CA.

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Answer:

To maximize the purchasing power of his income, Juand should accept the offert of Atlanta, GA.

Explanation:

To answer this question you need the comparative costs of living in each of the trhee cities.

In a similar question, you can find the cost of iiving indexes for Atlanta, Boston, and San Francisco. Here is the table:

Cost of living index

City (100 = U.S. City average)

Atlanta, GA 98

Boston, MA 160

San Francisco, CA 245

Thus, to determine which offer Juan should accept to maximize the purchasing power of his income, divide each income by the cost of living index.

Atlanta, GA:

$50,000/98 = $510.20

Boston, MA

$70,000/160 = $437.50

San Francisco, CA

$100,000/245 = $408.16

Rank the adjusted earnings in decreasing order:

$510.20 > $437.50 > $407.16

Hence, in spite of the nominal earnings in Atlanta are the lowest, the higher cost of living indexes of the other cities, make that the offer from Atlanta the best one.

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4 years ago

Lois and Peggy are the only two accountants at a construction company. They split the accounting work in the company according t

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Answer:

Job sharing

Explanation:

Job sharing is a sort of adaptable work course of action in which two individuals work to finish the work one individual would do in a self-contained all day job. In job-sharing agreement, two people handle work, and they share salaries. Hours can change: They may cooperate some portion of the week, and they may never observe one another.

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Greenstream Insurance Agency prepares monthly financial statements. Presented below is an income statement for the month of June

scoray [572]

Answer:

Net Income $12,400

Explanation:

Preparation of a corrected income statement.

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RevenuesService Revenue $42,000

[$40,000 +(20%* $10,000).]

Expenses:

Salaries and Wages Expense $17,300

($12,000 + $5,300)

Rent Expense 4,200

Depreciation Expense 3,300

($2,800 + $500)

Supplies Expense 2,800

($0 + $2,800)

Utilities Expense 1,200

($0 + $1,200)

Advertising Expense 800

Total expenses 29,600

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Answer:

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