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jek_recluse [69]
3 years ago
9

Keren Wiseman is an employee of Dimensionworks Designs in New Mexico. She received the following achievement awards from her emp

loyer during 2017: Best Design, Santa Fe County: $1,340 Top Graphic Layout, New Mexico: $1,775 Employee of the Year: $785Required:How much of her achievement award income is taxable? ____
Business
1 answer:
puteri [66]3 years ago
8 0

Answer:

$2,300

Explanation:

Assuming that the requirements for qualified plan awards are otherwise satisfied, each award by itself would be excluded from income.

The excludable amount or deduction is $1,600 out of total amount of awards.

Total amount of awards = Design + Graphic + Employee  of the year

                                         = $1,340 + $1,775 + $785

                                          = $3,900

Taxable awards = Total amount of awards – Excludable amount

                            = $3,900 – $1,600

                             = $2,300

However, because the $3,900 total value of the awards is more than $1,600, Keren must include $2,300 in his taxable income.

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Answer:

be expanded

Explanation:

3 0
3 years ago
motors are packaged for sale in a certain warehouse. The motors sell for $100 each, but a double-your-money-back guarantee is in
ss7ja [257]

Answer:

$840

Explanation:

the question misses an important detail, number of motors.

I used 10 as the total number of cars. from the solution i believe you would be able to solve any other problem of this sort yourself.

n = 10

p = 1-probability of any 1 motor being defective

= 1-0.08

= 0.92

going further in solving this problem, i will use the binomial distribution

we have expected value as;

Σxp(x)

= $100 x p(of 100) - $100 x p(of losing 100)

= 100(0.92) - 100(0.08)

= 92 - 8

= $84

from here we multiply 84$ by n

remember n =  total number of cars = 10

10 x $84

= <u>$840</u>

6 0
4 years ago
To begin organizing yourself to accomplish all your tasks, you need to _________. a. Complete each tasks you have in order of im
Misha Larkins [42]

Answer:

The answer is A.

Explanation:

The reason why A is your answer is because it's the only option that is provided that talks about taking action. Every other option is about changing yourself. This isn't about changing yourself, it's about organizing yourself to accomplish all your tasks. Plus it's better to actually PRIORITIZE the things that go on in your life. I hope this helps you out!!

6 0
3 years ago
Read 2 more answers
Glassmaker has pre-merger $5 in debt and $10 in equity. Rate on debt is 11%. The risk free rate is 6%. The tax rate is 40% . The
Marysya12 [62]

Answer:

The answer is 11.44%

Explanation:

Solution

Given that:

Glass maker has a pre-merger of =$5 debt

Equity =$10

The rate on debt =11%

The risk free rate =6%

Tax rate =40%

The levered beta is =1.36

Equity risk premium is= 4%.

Now,

the next step is to find discount to use for Glass maker free cash flows and interest tax savings

Cost of equity (Ke) =  Risk free return + Beta ( Market return - Risk free return )

= 6% +1.36( 10%-6%)

=11.44%

Therefore, the rate to be used to discount free cash flows and interest tax savings is 11.44%

6 0
4 years ago
The difference between the actual price that a producer receives and the minimum acceptable price the producer is willing to acc
Marizza181 [45]

Answer: Surplus    

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6 0
3 years ago
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