1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ostrovityanka [42]
3 years ago
8

This year Ed celebrated his 25th year as an employee of Designer Jeans Company. In recognition of his long and loyal service, th

e company awarded Ed a gold watch worth $250 and a $2,000 cash bonus. What amount must Ed include in his gross income
Business
1 answer:
wlad13 [49]3 years ago
4 0

Answer:

Both of these must be included in the gross income.

Explanation:

The reason is that the employee income that is taxable includes all the benefits in monetary amount and benefits in kind. These benefits are paid to employee as a share of salary to manage his motivation. These incomes must be included in the gross income to calculate his gross income.

You might be interested in
In 2020, Pharoah Company reported a discontinued operations loss of $1120000, net of tax. It declared and paid preferred stock d
Y_Kistochka [10]

As a result of the discontinued operations loss, net of tax, the earnings per share would decrease by $2.24.

<u>Explanation:</u>

Change in EPS

= $1120000 ÷ 500000 outstanding shares

= $2.24.

7 0
3 years ago
12. Describe an alternative investment that you might invest in someday, and explain why this investment is appealing to you
Ivenika [448]
I would invest in building my own house. This is appealing to me because I want  to raise a family in a nice house that I have built. 
4 0
3 years ago
Read 2 more answers
I need help fast !!!!!!!!! Someone
Leokris [45]
Answer: C Capital

XD
7 0
3 years ago
Which two values roll up the hierarchy to the manager for both Customizable and Collaborative Forecasts?
prohojiy [21]

Answer:

The correct answer are Expected revenue and Opportunity amount.

Explanation:

The term "expected revenue" refers to the expected amount of money that the company will obtain from sales, services and additional revenue streams. The term "income" includes all the money earned before dividing it into wages, compensation, marketing expenses and so on. In other words, revenue refers to all funds obtained by a company before deductions.

On the other hand, the amount of opportunity refers to the effective control of an organization that must take corrective action in time if necessary, since they must be applied in time, before a large deviation from the planned objectives with in advance Therefore, the information provided by a Management Information System must be available in time to act on it.

7 0
3 years ago
True or false? Most manufacturers sell directly to customers.
Grace [21]
The answer is........................... False
5 0
3 years ago
Read 2 more answers
Other questions:
  • Which of the following is NOT an employer responsibility stated in OSHA’s Bloodborne Pathogens Standard?
    10·2 answers
  • A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout th
    11·1 answer
  • The ________ is the fraction of earnings reinvested in the firm.
    14·1 answer
  • To reach the maximum money​ multiplier, it is assumed that A. there is insufficient loan demand. B. commercial banks keep excess
    13·1 answer
  • Assume you have collected the following data for your project. Its budget is $75,000 and it is expected to last 4 months. After
    11·1 answer
  • Mega Dynamics is considering a project that has the following cash flows:
    5·1 answer
  • Assume that you are willing to postpone consumption of​ $1,000 today and buy a certificate of deposit​ (CD) at your local bank w
    12·1 answer
  • How do banks make profits?
    11·2 answers
  • Silver Corporation incurred costs of $600,000 for managing the wholesale division during the year. The customer details of the c
    15·1 answer
  • Company xyz offers a group term life insurance plan to its employees what does each employee covered
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!