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den301095 [7]
3 years ago
15

Smithers is a self-employed individual who earns $30,000 per year in self-employment income. Smithers pays $2,200 in annual heal

th insurance premiums (not through an exchange) for his own medical care.
In each of the following situations, determine the amount of the deductible health insurance premium for Smithers before any AGI limitation.
a. Smithers is single and the self-employment income is his only source of income.
b. Smithers is single, but besides being self-employed, Smithers is also employed part-time by SF Power Corporation. This year Smithers elected not to participate in SF's health plan.
c. Smithers is self-employed and he is also married. Smithers's spouse, Samantha, is employed full-time by SF Power Corporation and is covered by SF’s health plan. Smithers is not eligible to participate in SF's health plan.
d. Smithers is self-employed and he is also married. Smithers' spouse, Samantha, is employed full-time by SF Power Corporation and is covered by SF’s health plan. Smithers elected not to participate in SF’s health plan.
Business
1 answer:
nikitadnepr [17]3 years ago
5 0

Section a)  

The measure of $2,200 can be asserted as a finding from the estimation of balanced gross pay (AGI) or can likewise be claimed as separated clinical cost by Smithers.  

____  

Part b)  

In the given circumstance, Smithers can claim $2,200 as an ordered reasoning as he was qualified for take part in the SF's health plan. According to the principles of IRS, genuine cooperation in the business' health plan isn't required to confine Smithers from asserting $2,200 as clinical cost conclusion from the balanced gross pay (AGI). The limitation is relevant if the worker is qualified to take an interest in plan, despite the fact that he/she chooses something else.  

____  

Part c)  

In the given circumstance, the measure of $2,200 can be claimed as a reasoning from the estimation of balanced gross pay (AGI) or can likewise be asserted as ordered clinical cost by Smithers. It is on the grounds that Smithers isn't qualified to take an interest in SF's health plan.  

____  

Part d)  

In the given circumstance, Smithers can claim $2,200 as an ordered reasoning as he was qualified for partake in the SF's health plan. According to the standards of IRS, real support in the health plan gave by life partner's manager isn't required to confine Smithers from claiming $2,200 as clinical cost derivation from the balanced gross pay (AGI). The limitation is appropriate if Smithers is qualified to take an interest in the health plan of mate's boss, despite the fact that he chooses something else.

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Answer:

Raise the marketing spend to raise visibility.

Explanation:

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Bramble Corp. purchased land as a factory site for $1305000. Bramble paid $121000 to tear down two buildings on the land. Salvag
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Answer:

Part 1

$1,422,940

Part 2

$331,480

Explanation:

cost of the land calculation

Purchase Price                             $1305000

Cost to tear down building             $121000

Sale of Salvages                               ($8400)

Leagl fees                                           $5340

Total                                            $1,422,940

The cost of the land that should be recorded by Wilson Co. is: $1,422,940

cost of the building calculation

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Insurance                          $3900

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Excavation cost               $15480

city for pavement             $9900

Borrowing Costs           $251000

Total                              $331,480

The cost of the building should be recorded by Wilson Co. is $331,480

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Faultlines are most likely to occur when teams
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The Michael Miller Corporation has a sales budget for next month of $200,000. Cost of goods sold is expected to be $125,000. All
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= Cost of goods sold + closing inventory - opening inventory

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hence, the  inventory to be purchased next month is $123,000

We simply applied the above formula so that the purchase value of the inventory could come  

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