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romanna [79]
3 years ago
14

Brian had the following items of income this year. • Salary - $22,000 • Child support received - $6,000 • Alimony received - $10

,000 (2006 divorce decree) • Personal injury award from an auto accident. He lost the use of his left hand and was awarded compensatory damages of $200,000. He also received $50,000 in punitive damages. Calculate Brian’s gross income for the current year.
Business
2 answers:
SashulF [63]3 years ago
4 0

Answer:

$82000

Explanation:

Gross income is defined as the total sum of money received (salary, wages, rents, interests and other form of earnings) that an individual or a household receive before any deductions or taxes. Hence,

Given that

Salary = 22000

Alimony = 10000

Punitive damage = 50000

Gross income = 22000 + 10000 + 50000

= $82000

The child support and compensatory damages are not added because they are not taxable.

Kamila [148]3 years ago
4 0

Answer:

$82000

Explanation:

Gross income = Salary 22000 + Alimony received 10000 + punitive damages 50000 = $82000

Child support is tax free compensatory damage for the physically visible bodily injury need not be reported to IRS

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Describe some of the possible problems a retailer could experience when attempting to sell online internationally.
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hope <em>it </em><em>helps</em>

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3 years ago
Dorcan Corporation manufactures and sells T-shirts imprinted with college names and slogans. Last year, the shirts sold for $7.6
storchak [24]

Answer:

b. 18,602 units.

Explanation:

First, we need to use last year's information to determine last year's fixed costs.

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Fixed cost (FC2) = $118,374 x 1.10 = $130,211.4

The number of units required to break even is:

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