Answer:
Hutters can be claim two dependents
Explanation:
we know here that Hutters can be claim two dependents
because here given Carla and Ellie as Aaron meets neither the residency nor citizenship requirement
but Carla is a qualifying relative and is under the age of 24
but Ellie is above 24 but is a qualifying relative as scholarship is non-taxable
so
we can say that answer is two
Answer:
The answer is A.
Explanation:
Opportunity cost is the cost of an action that was not chosen or selected. It is also the cost of alternative forgone. For example, Mr A has two choices - taking employment of $20,000 per annum or being self-employed (setting up a farm that will generate $25,000 per annum). He decides to go for farming. The opportunity cost here is the cost of taking the employment ($20,000).
Opportunity cost is relevant in decision making. Companies use opportunity cost when making strategic or tactical decisions. There must be an alternative to every decision which must be considered before making a decision.
Though opportunity cost is a relevant cost but it is never shown on financial statement. It is never part of financial records.
Answer:
$9,409.50
Explanation:
Calculation for the total combined FICA tax (OASDI & Medicare) withheld from Redford's salary for the year
For the year 2019 the total FICA tax rate is 7.65%
Which are :
OASDI tax = 6.2%
+ Medicare tax =1.45%
Now let calculated the amount of OASDI tax for Redford's salary
Using this formula
OASDI tax =Salary ×OASDI tax rate
Let plug in the formula
OASDI tax =$123,000×6.2%
OASDI tax =$7,626
Let let calculated the amount of the Medicare tax for Redford's salary
Using this formula
Medicare tax =Salary ×Medicare tax rate
Let plug in the formula
Medicare tax=$123,000*1.45%
Medicare tax=$1,783.50
Total combined FICA tax
OASDI tax =$7,626
Medicare tax=$1,783.50
Total=$9,409.50
Therefore what the total combined FICA tax (OASDI & Medicare) withheld from his salary will be for the year is $9,409.50
Answer:
$7,000
Explanation:
Data provided in the question:
Amount owed by Andrea on a medical bill to university hospital = $12,000
Amount by which the Andrea's debt exceeded her assets = $5,000
Now,
The debt forgiveness that Andrea will need to include in her gross income will be
= Amount owed on a medical bill - The amount by which debt exceeded assets
= $12,000 - $5,000
= $7,000
