Answer:
$220,000,
Explanation:
Given that:
- $500,000 of salary income
- $20,000 of interest income in 2019
So the total income of the taxpayer is: $500,000 + $20,000 = $520,000
As we know that, AGI (Adjusted gross income) is used to calculate how much income of a taxpayer is taxable. They are expenses incurred by the earner which are deducted before taxing.
In this situation, his share of the partnership's loss for the year is $300,000, so the taxpayer will report an AGI of:
$520,000 - $300,000
= $220,000
I hope it will find you well.
Answer:
1. sexual
2. gender
3. quid pro quo
4. a) was not; b) did not
5. pattern
6. a) severe b) alter c) abusive
7. yes
8. yes
Explanation:
Stander´s conduct was sexually offensive because the coworker repeatedly complained about the situation. Also you can see a pattern because Stander´s behavior cannot be counted as a single event, but occured on various occasions.
The agreement made between different companies to charge the same amount for products or to not sell the products below a fixed price is known as <u>price-fixing.</u><u />
Answer: e. All of these choices are deductible.
Explanation:
All of the above give rise to a business expense for self-employed taxpayer's uniforms or special clothing and as such are deductible.
A lawyer needs to look the part and the option said it was a 'business suit' so that classifies as a work expense.
A clown cannot be a clown without their costume so that is definitely a business Expense as well.
Some scientists need hazmat suits to perform their duties effectively so this counts as a business expense as well and is also deductible.
And a mascot like a clown, cannot be a mascot without their attire so that is a business Expense as well.
Answer:
781 units
Explanation:
Under the CVP concept, the break-even point is calculated by dividing the fixed costs by the contribution margin per unit.
i.e., break-even point = fixed cost/ contribution margin per unit
Currently, fixed costs are $213,000, an increase of 10% will take to
=(10/100 x $213,000) + $213,000
=$21,300 + 213,000
=$234, 300
The selling price is $250, an increase of 40%
=$250 x 1.4
=$350
variable cost will remain the same this year and the following year
Current variable costs are 20% of sales
=20/100 x 250
=0.2 x 250
=$50
Contribution margin will be new selling price - variable costs
=$350-50
=$300
Break-eve point = $234, 300/300
=781 units
