Ask question

Ask question

All categories

3 years ago

13

Alvin had two jobs last year, and he received two W-2 forms. On the first W-2 form, the figure in box 1 was $14,389.26, while on

the second W-2 form, the figure in box 1 was $9397.18. What was Alvin's gross income from the two jobs last year

1 answer:

polet [3.4K]3 years ago

8 0

14,389.26 +9,397.18 = 23,786.44
23,786.44

You might be interested in

How will trumps Muslim ban affect the economy?

il63 [147K]

Well if the muslims have any trade with us then that will most likely stop. most could be kicked out and that could start a riat. the economy would be bad but it will not be any worse than what he started with. he have been in the office for less than a week now and has already hit isis countless times. something obama never did. i would say trump's ban on muslims would cause a minor effect on the economy.

6 0

3 years ago

Read 2 more answers

The gross increases in retained earnings attributable to business activities are called

insens350 [35]

They are called revenues.

3 0

3 years ago

On October 1, 2022, Ivanhoe Company places a new asset into service. The cost of the asset is $87500 with an estimated 5-year li

Dimas [21]

Answer:

$3150

Explanation:

Given:

Cost of the asset purchased = $87500 (on 1st October. 2022)

Salvage value at the end of its useful life = $24500

Useful life estimated = 5 years

Question asked:

What is the depreciation expense for 2022 if Ivanhoe Company uses the straight-line method of depreciation?

Solution:

<u>As we know:</u>

$Straight-Line\ Depreciation\ Expense=\frac{Cost\ - Salvage\ Value}{Useful\ Life\ of\ the\ Asset}$

$=\frac{87500-24500}{5} =\frac{63000}{5} =12600$

Depreciation expenses per year = $12600

But we have to find depreciation expenses for 2022 for:-

From 1st October, 2022 to 31st December, 2022 = 3 months.

<em><u>Straight-Line Depreciation Expense for Partial Year = </u></em>

<em><u /></em> $D\times\frac{N}{12} \\\\ D=Depreciation\ expense\ for\ a\ complete\ year.\\N= Number\ of\ months\ during\ which\ the\ fixed\ asset\ was\ available\ for\ use$

Depreciation Expense for 3 months = $12600\times\frac{3}{12} =\frac{37800}{12} =3150$

Therefore, the depreciation expense for 2022 if Ivanhoe Company uses the straight-line method of depreciation is $3150.

5 0

3 years ago

The world is organized by countries and with globalization the world is organized by multinational organizations. First explain

AVprozaik [17]

Answer:

Countries typically have greatest power of inspirations for the most part because of their control and magistrates powers and powerful controls like variations in restrictive setting to satisfy national financial wants. but they'll be limited by Global bodies complete authorizations similar to however United Nations agency bailed out Ellas with non-indulgence measures, however United Nations obligatory authorizations on varied smaller countries, etc.

Correspondingly even massive transnational companies have influence because of their sturdy political association, media backing, generous market portion and client base, Depending concern in minds of state because of their disappointment if any which might cause common negative consequences, but this power is proscribed once direction sees various players UN agency cn additional such massive companies.

5 0

4 years ago

ST Trucking just signed a $3.8 million contract. The contract calls for a payment of $1.1 million today, $1.3 million one year f

Doss [256]

Answer:

The worth of the contract today = $3,480,817.37

Explanation:

To determine the worth of the contract today,

We will work out the present value of each of the expected future cash cash payment at a discount rate rate of 8.7% and sum them.

The present valus of the payments indicate how much they worth today if the ST Trucking can invest at a rate of 8.7% per annum

This is done as follows:

PV = 1,100,00× (1.087)^(-0) + (1,300,000 × (1.087)^(-1) + (1400000 ×(1.087)^(-2)

PV = 1,100,000 + 1,195,952.2 + 1,184,865.2

= $3,480,817.37

The worth of the contract today = $3,480,817.37

7 0

3 years ago