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
lidiya [134]
3 years ago
5

Laura is a student at a state university. In 2018, she received a scholarship of $6,000 for tuition and fees and an assistantshi

p for $3,000. What is the amount that Laura must report in income?
a. $9,000.
b. $0.
c. $3,000.
d. $6,000.
Business
1 answer:
lidiya [134]3 years ago
7 0

Answer: c. $3000

Explanation:

The amount Laura is required to report income is $3000 from her assistantship as this is regarded as a form of salary. While most of the income one earns through work or investments is required to be reported and are subject to federal income tax in some instances, certain categories of income that the government doesn't tax such as money from qualified scholarships. This is the reason the $6000 is not included in income. However, if some portions are used to pay for accommodation or personal expenses, that portion is usually reported.

You might be interested in
A barrel of oil as measured on the oil market is equal to 1.333 u.s. barrels. a u.s. barrel is equal to 31.5 gal. if oil is on t
RoseWind [281]
You need conversion in this problem to solve it. Since you are already given of all the data, you just need to utilize the data to come up with the answer.  You simply have to divide the equivalent units of a barrel with the U.S. barrels and further divide it with the equivalent gallons of U.S. barrel. You can get $2.24 ($94 / 31.5 / 1.33).<span> </span>
7 0
3 years ago
At the beginning of her current tax year, Angela purchased a zero-coupon corporate bond at original issue for $51,500 with a yie
wolverine [178]

Answer:

Angela's income interest is $772,500‬

Explanation:

Income interest at 1st Semiannual duration

Semi annual interest = $51,500*6%*(6/12)= $154,500

Income interest at 2nd Semiannual duration

Note New Principal for 2nd year will be =$51,500+$154,500= $206,000

Semi annual interest = ($51,500+$154,500)*6%*(6/12)= $618,000‬

There fore Total income = $154,500+$618,000‬= $772,500‬

5 0
3 years ago
arget Profit Refer again to the income statements for Cover-to-Cover Company and Biblio Files Company on their respective Income
Darya [45]

Answer: $489,000

Explanation:

Amount of sales required  = (Fixed cost + Desired operating income ) / Contribution margin ratio

Contribution margin ratio for Cover-to-Cover Company:

= Contribution margin / sales

= 77,800/ 389,000

= 20%

Desired operating income = Current income + income increase

= 58,350 + 20,000

= $78,350

Amount of sales required:

= (19,450 + 78,350) / 20%

= $489,000

3 0
3 years ago
A customer has an existing margin account that shows the following:
adell [148]

Answer:

The answer is option C

Explanation:

Long Market Value - Debit = Equity %

$100,000 $60,000 $40,000 40%

If the market value declines to $60,000, the account will now show:

Long Market Value - Debit = Equity %

$60,000  - $60,000 = $0 ( 0% )

Minimum margin is 25% of market value, i.e  25% of $60,000 = $15,000.

Therefore the customer will receive a maintenance call for $15,000.

5 0
3 years ago
hipotle offered free burritos to celebrate teachers. What type of price discrimination does this demonstrate? rev: 05_15_2018 Mu
Juliette [100K]

Answer:

Third-degree price discrimination. 

Explanation:

Third-degree price discrimination is when a seller charges different prices to different groups of people. This price discrimination can be based on age , occupation, sex eye

First degree price discrimination is when a sellers charges different prices to consumers based on their willingness to pay. This type of discrimination aims to eliminate consumer surplus.

Second degree price discrimination is when a sellers gives discounts for different quantities purchased. E.g. bulk purchases.

I hope my answer helps you

4 0
3 years ago
Other questions:
  • When Jenny Jimenez was attempting to pay off $37,000 in debt, how did she decide which cards to pay off first?
    12·1 answer
  • I dont know how to eat fries how to eat fries
    8·2 answers
  • Heidi Ganahl's account of how she founded Camp Bow Wow through great adversity is best characterized as a(n):
    15·1 answer
  • If a company is concerned about lending money to a risky customer, which one of the following would it not want to do? Require t
    10·1 answer
  • Which action will help increase a low FICO score?
    7·1 answer
  • Mrs. Larkin rents an apartment to a couple who argue continually, disturbing other tenants. Without going through the lawful evi
    6·1 answer
  • True or false, The standard of living is high in traditional economies.
    11·1 answer
  • 1) Suppose you wish to retire 35 years from today. You determined that you will need $250,000 per year after you retire, with th
    11·1 answer
  • Sales $ 100,000 Operating expenses $ 94,000 Operating assets $ 40,000 Stockholder's equity $ 25,000 Cost of capital 10 % What is
    13·1 answer
  • Mr. Rodriguez is caring his suitcase to his room. He sees a sign indicating that elevators are ahead. Now, he knows where he is
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!