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
To calculate your return on a stock: If you bought a stock at $80 and earned a $3.00 dividend over the year and at the end of th
grandymaker [24]
New value: $87
new-orig= $7
7/80= 0.0875=87.5%
7 0
3 years ago
The ________ is determined by the amount by which government spending exceeds government revenue in a fiscal year. budget defici
Amiraneli [1.4K]

The answer to this question is Budget Deficit. Budget Deficit shows that the government spending is exceeding the government revenue in a year. In order to resolve the problem in budget deficit the government should cut the expenditures or the government spending and find a way to increase revenue of the country.

8 0
3 years ago
To prepare for the construction of its new headquarters, Baker Co. purchased a 500-acre plot of land on August 5, Year 1. Baker
leonid [27]

Answer:

FASB ASC 835-20-15-8

Explanation:

This section explicitly states that in order for interests to qualify for interest capitalization, the assets purchased through the loan must be getting ready for its intended use. E.g. if you want to capitalize the interests on the land, you must carry out activities necessary to prepare it for its intended use. Or if you purchase a machinery, you must be installing it in order to get it ready to produce.

4 0
3 years ago
On Sept 9, Daniels Corporation earns $2,000 by performing consulting services. Their customer said that she would pay next month
anyanavicka [17]

Answer:

The answers are:

A) Consulting revenue should be listed below the debited account as it is credited.

C) Accounts payable is not involved in this transaction.

D) The Consulting revenue account should be indented, as it is credited.

E) The correct account that should be debited is the Accounts receivable account.

Explanation:

4 0
3 years ago
A keynote speaker was known for his many speaking engagements, but now he has limited time and a rational mind. Even he would ev
yawa3891 [41]

Answer: B. the additional enjoyment of one more speaking engagement (the marginal benefit) is rising.

6 0
3 years ago
Other questions:
  • Tamarisk, Inc. has the following inventory data:
    12·1 answer
  • i don't have an assignment rather a life question, i'll be back here though. I'm 17 and i'm going to be applying for college in
    15·1 answer
  • Macy is a very creative person. Often, when trying to generate a novel or useful idea, she spends several days "mulling over" th
    15·1 answer
  • In a swot analysis, increasing gasoline prices would represent a potential __________ for manufacturers of electric cars.
    11·1 answer
  • 4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of cotton falls substantially. The demand
    15·1 answer
  • What is gained by using the circular flow diagram to illustrate gdp
    11·1 answer
  • Alfonso prefers only to hire Latino workers his auto body shop because they "fit in" easier with his 12 employees. During a busy
    13·1 answer
  • Select the correct answer. What is the first step in financial planning? A. maintaining a log of all your expenses B. understand
    8·1 answer
  • What is the importance of training in profession?​
    15·1 answer
  • koukladina stop deleting my questions and answers. u call urself a moderator yet ur deleting actual questions and answers that a
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!