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Alecsey [184]
3 years ago
11

Marsha is single, had gross income of $50,000, and incurred the following expenses: Charitable contribution - $2,000 Taxes and i

nterest on home - 7,000 Legal fees incurred in a tax dispute - 1,000 Medical expenses - 3,000 Penalty on early withdrawal of savings - 250 Her AGI is:
Business
1 answer:
Contact [7]3 years ago
6 0

Answer:

Adjusted gross income = $51000

Explanation:

given data

gross income = $50,000

Charitable contribution = $2,000

Taxes and interest  =  $7,000

Legal fees  = $1,000

Medical expenses = $3,000

Penalty = $250

to find out

Adjusted gross income AGI

solution

we get here Adjusted gross income AGI is express as

Adjusted gross income = gross income + Taxes and interest - Charitable contribution - Legal fees - Medical expenses  ............................1

put here value we get

Adjusted gross income = $50,000 +  $7,000 - $2,000 - $1,000 - $3,000

Adjusted gross income = $51000

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If a concession stand received $5,550 in gameday sales, and its profit for the event was $3,330, what were the expenses?
frez [133]

Answer: $1,110 .

Explanation:

Given : Amount received by concession stand in gameday sales = $5,550

i.e. Gross income = $5,550

Profit  for the event = $3,330

i.e. Net income =$3,330

According to the Net income formula ,

Gross income - expenses = Net income

⇒ Expenses = Gross income - Net income

⇒ Expenses = $5,550- $3,330

⇒ Expenses = $1,110

Thus , the expenses were $1,110 .

3 0
3 years ago
Umami currently sells its premium snacks in four retail chains -- two grocery chains, one health-food chain, and one convenience
Tpy6a [65]

Answer:

Selective.

Explanation:

This was the best choice. Umami snacks are a convenience snack product, but are unique with their healthy positioning and premium pricing. To simplify channel management, Umami can focus its efforts on intermediaries that share a common focus.

8 0
3 years ago
Amortization is:Select one:A. The process of allocating to expense the cost of a plant asset to the accounting periods benefitin
Anvisha [2.4K]

Answer:

The correct answer is option B.

Explanation:

Amortization is a technique used in accounting. It involves the process of spreading payment over multiple periods. In accounting, amortization refers to the allocation of the cost of intangible assets over its lifetime.

For instance, amortization of a loan means spreading the interest and principal of the loan over its lifetime. It means fixed monthly payments of interest and principal.  

4 0
3 years ago
To motivate employees to perform better, the human resources department of Martianse, a chain of retail apparel stores, replaced
Lynna [10]

Answer:

- Behavioural Substitution

Explanation:

Martianse human resources department uses and deploy the concept of Behavioural Substitution.

To begin, Martianse goal, as a firm, is to motivate the employees to perform better. Hence, the human resources department has come up with measures to achieve that. It is thus believed that replacing the fixed incentive system hitherto known with the firm, should be replaced by a performance based system. By this, the firm believes its primary goal will be accelerated.

Behavioural Substitution is thus the concept that the human resources department has displayed in their analysis and engagement. For one, behavioural substitution is simply the procedures aimed at replacing and/or supplanting efforts and actions that does not lead to goal accomplishments. By general belief, the old style of reward system used by Martianse has been seen as one not leading to goal actualization. Hence, it is important to substitute this non productive reward system with one established to elicit more better and improved performance from the workforce.

7 0
3 years ago
When the Central Bank lowers the bank rate, borrowing from the central bank becomes cheaper and commercial banks borrow more fro
tresset_1 [31]

Answer:

= All

Explanation:

= U.S. exports increase, shifting U.S. aggregate demand to the right

= U.S. exports increase, shifting U.S. aggregate demand to the right

7 0
3 years ago
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