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kvasek [131]
3 years ago
10

Compute Emily's 2018 taxable income on the basis of the following information. Her filing status is single. Salary $85,000 Inter

est income from bonds issued by Xerox 1,100 Alimony payments received (divorce finalized in 2014) 6,000 Contribution to traditional IRA 5,500 Gift from parents 25,000 Capital gain from stock investment, held for 7 months 2,000 Amount lost in football office betting pool 500 Age 40
Business
1 answer:
Allisa [31]3 years ago
3 0

Answer:

The  Emily's 2018 taxable income is $76,600

Explanation:

The computation of the taxable income for the year 2018 is shown below:

= Salary + interest income from bonds issued by Xerox + Alimony payments received + Capital gain from stock investment, held for 7 months - Contribution to traditional IRA - standard deduction

= $85,000 + $1,100 + $6,000 + $2,000 - $5,500 - $12,000

= $76,600

The standard deduction for married and single tax payers is $12,000

And, the Gift from parents  is not taxable  & Amount lost in football office betting pool is not allowed for deduction as it is come under gambling.

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Jesse works for a canning factory that creates soda cans for distribution. his job is to move identically filled boxes from the
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The correct answer is mass production. Mass production is being defined as having to manufacture products in large quantities by which they are likely utilized by an assembly of line technology. This is a process by which it creates similar products in large numbers.

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3 years ago
suppose that aggregate demand is falling for several months in a row. describe how the economy will adjust in the long run.
Salsk061 [2.6K]

If aggregate demand in the long run is falling for several months in a row, it will make aggregate market results in an increase in the price level but no change in real production. The level of real production resulting from the aggregate demand shock is full-employment real production.

Aggregate demand can be described as a measurement of the total amount of demand for all finished services and goods produced in an economy. Aggregate demand is expressed as the total amount of money exchanged for those services and goods at a specific point in time and price level.

The model of aggregate demand and long-run aggregate supply predicts that the economy will eventually move toward its potential output. To see how nominal wage and price stickiness can cause real GDP to be either above or below potential in the short run, consider the response of the economy to a change in aggregate demand.

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4 0
1 year ago
Until 1996, U.S. carmakers sent very few right-hand-drive cars to Japan while German carmakers exported several models with the
Alona [7]

Answer:

not satisfying customer needs on critical factors.

Explanation:

In this scenario American companies were supplying more of left hand side cars to Japan. When Japan needed more of the right hand side cars. They ignored the customer needs and instead gave him what he has little use for.

On the other hand Germany supplied Japan the specification of cars that they wanted.

American car manufacturers will be blamed for not satisfying customer needs on critical factor of right hand drive cars.

7 0
3 years ago
Explain population in biology​
Feliz [49]
Hi :)

Population is a group of organisms of one one species, living in the same area at the same time

Hope this helps!
7 0
3 years ago
Ari, Inc. is working on its cash budget for December. The budgeted beginning cash balance is $14,000. Budgeted cash receipts tot
Andreas93 [3]

Answer:

The company needs to borrow $25000 and option B is the correct answer.

Explanation:

If the ending amount of cash for the year is less than the desired ending balance, then the company will need to borrow to maintain the desired level of cash balance.

To calculate the amount needed to be borrowed, we first compute the ending cash balance for December. The ending cash balance will be,

Closing Balance = Opening Balance + Receipts - Payments

Closing Balance - December = 14000 + 127000 - 126000

Closing Balance - December = $15000

The difference between the closing cash balance and the desired closing cash balance is the amount that the firm will need to borrow.

Amount need to be borrowed = 40000 - 15000  =  $25000

6 0
3 years ago
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