A self-employed taxpayer may be eligible to deduct amounts paid for medical insurance for themselves and for their families, as long as neither they nor their spouse was eligible for employer-sponsored health insurance. This deduction claimed to Claim a non -refundable tax credit based on the cost of the insurance.
insurance is a settlement that transfers the risk of monetary loss from an individual or business to a coverage organization. They acquire small quantities of money from clients and pool that cash collectively to pay for losses. Coverage is split into essential classes: belongings and Casualty coverage (percent).
Coverage plans are beneficial to each person seeking to defend their family, property/property, and themselves from economic chance/losses: coverage plans will help you pay for clinical emergencies, hospitalization, contraction of any illnesses and treatment, and medical care required in the future.
In coverage phrases, the threat is the chance something harmful or unexpected ought to appear. This might involve the loss, theft, or harm of precious assets and assets, or it may involve someone being injured.
Learn more about insurance here brainly.com/question/25855858
#SPJ4
Answer:
Explanation:
Standard fixed overhead rate=budgeted fixed overhead costs/practical capacity=$400000/32000=$12.50
Fixed overhead spending variance=Actual fixed overhead-Budgeted fixed Overhead=$403400-$400000=$3400
Fixed overhead volume variance=Budgeted fixed overhead-(Standard hours*Standard fixed overhead rate)=400000-(0.80*32000)=$397440
Answer:
Part A: Null hypothesis. H₀: M₁ = M₂
Alternative hypothesis, H₁ : M₁ > M₂
Part B: x1-x2 = 6459-5735 = 724
Part C: p-value = 0.000
Part D: No, the difference in brain size is not due to random chance
Explanation:
See attached image
It is False.
No matter which states the employee lives, the amounts withheld from each employee for social security and medicare do not vary by state. The present tax rate for social security for employers and employees is 6.2% and the present current rate of medicare is 1.45% for both the employer and employee.
Employers are typically required to withhold Social Security and Medicare taxes from an employee's paycheck and pay the employer's share of those taxes.
The Social Security Tax and the Medicare Tax have different rates, and only the Social Security tax has a salary cap. The base salary ceiling is the maximum taxable salary in the year. Determine the withholding amount for Social Security and Medicare contributions by multiplying each payment by the employee's tax rate.
To learn more about social security and medicare from given link
brainly.com/question/19277833
#SPJ4
Answer:
the stock sell for today is $1.16
Explanation:
The calculation of the stock sell for today is as follows;
Value after year 31 is
= (D31 ÷ Required return)
= $30 ÷ 0.18
= $166.666667
Now the current value is
= Future dividend and value × Present value of discounting factor(rate%,time period)
= $30 ÷ 1.18^31 + $166.666667 ÷ 1.18^31
= $1.16
Hence, the stock sell for today is $1.16
We simply applied the above formula so that the correct value could come
And, the same is to be considered
