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katovenus [111]
3 years ago
6

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?
A. $2,250B. $2,000C. $250D. Zero if Ed offers to contribute his watch and bonus to a qualified charityE. Zero - all employee awards are excluded from gross income
Business
1 answer:
Zinaida [17]3 years ago
8 0

Answer:

The answer is A) $2,000

Explanation:

According to the IRS Publication 525 (2018), Taxable and Nontaxable Income

<em>"</em><em><u>If you receive tangible personal property (other than cash, a gift certificate, or an equivalent item) as an award for length of service</u></em><em> or safety achievement, you generally can </em><em><u>exclude its value from your income</u></em><em>. However, the amount you can exclude is limited to your employer's cost and </em><em><u>can’t be more than $1,600</u></em><em> ($400 for awards that aren’t qualified plan awards) for all such awards you receive during the year. Your employer can tell you whether your award is a qualified plan award. Your employer must make the award as part of a meaningful presentation, under conditions and circumstances that don’t create a significant likelihood of it being disguised pay." </em>

Ed has to include the $2,000 he received as income but the $250 watch can be excluded.  

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The _____is a personality assessment model that taps basic dimensions encompassing most of the significant variation in human pe
Vitek1552 [10]

Answer:

Big Five model

Explanation:

The Big Five model also known as the Five Factor Model (FFM) or Ocean or Canoe model is a way of grouping human behavior/traits. This behavior or traits are subject to relationship between words.

The Ocean or Canoe (OCEAN/CANOE) abbreviation is a combination of the first letters of the words of the the five(big five) traits.

Openness to experience, Conscientiousness, Extroversion, Agreeableness, emotional stability(Neuroticism). It can also be rearranged to form CANOE as well.

This five traits are also affected by the upbringing or family cultures as well. Anyone described with any of the above word is most likely to have attributes that exemplify the meaning of the words.

I hope this helps.

4 0
3 years ago
I would say, "This situation is a problem for someone with Sharon’s leadership style. Sharon’s team has been on the job for a wh
saul85 [17]

Answer: The answer is Laissez - faire leadership style

Explanation:

Leadership : This can be defined as the ability which makes a manager to exert a positive influence over the behaviour of their subordinates. It is a process by which managers direct the affairs of the organizations with a view to achieve the overall objective of the organization. Leadership is the aspect of management that has to do with the human beings.. every manager will have a different approach to leadership depending upon the managers personality, traits, early training, abilities, and experience. The following are the leadership styles

Autocratic leadership style : This is a kind of leadership style in which power is in the hands of one authority whose word is a law.it is a leadership style in which orders are issued and are expected to be obeyed without question. All decisions in this kind of leadership are those of the leaders little or no discussion does not take place with the subordinates.

Democratic leadership style:This is a kind of leadership style in which the leaders or managers share their decision making activities with their subordinates as much as possible while they do not give up their ultimate responsibility or authority. In this leadership style much decision making is done through discussion either formally or informally.

Laissez -faire : This is a kind of leadership style which focuse on the delegation of duties to subordinates without providing little or no supervision to monitor the performances such subordinates on the job. This kind of leadership style is used when subordinates are experienced, well trained, such that they required little or no supervision in doing their job.

Bureaucratic leadership style : This is a kind of leadership style which focuse mostly on rules and procedures as it is written in which subordinates are therefore expected to follow such rules and procedures spelt out for them by the managers to the latter in the performance of duties in the organization

8 0
3 years ago
Because saudi arabia and australia have ____, saudi arabia can specialize in the production of crude oil and petroleum products,
Helga [31]

Because saudi arabia and australia have <u>absolute advantage</u>, saudi arabia can specialize in the production of crude oil and petroleum products, and australia can specialize in the production of wool

<h3>What is government?</h3>

Government can be defined as a group of people with the authority to govern a country.

So therefore, because saudi arabia and australia have absolute advantage, saudi arabia can specialize in the production of crude oil and petroleum products, and australia can specialize in the production of wool

Learn more about government:

brainly.com/question/18464634

#SPJ4

5 0
1 year ago
Wilson Industries holds 100 Farley Enterprises bonds. The bonds pay $4,000 interest each July and January and will mature on Jan
rosijanka [135]

Answer:

All of the electrons that enter the transport chain come from NADH and FADH 2start subscript, 2, end subscript molecules produced during earlier stages of cellular respiration: glycolysis, pyruvate oxidation, and the citric acid cycle.

Explanation:

3 0
3 years ago
Sayon Co. issues 200,000 shares of $5 par value common stock to acquire Trask Co. in an acquisitionbusinesscombination. The mark
enot [183]

Answer:

option (c) $1,365,000

Explanation:

Given;

Number of shares issued = 200,000

Par value of the common stock = $5

Market value of the common stocks= $12

Legal and consulting fees = $110,000

Registration and issuance costs for the common stock = $35,000

Now,

The par value of the stocks

= Number of shares issued × Par value of the stocks

on substituting the respective values, we have

= 200,000 × $5

= $1,000,000

and, the Market value of the stocks

= Number of shares issued × Market value of the stocks

on substituting the respective values, we have

= 200,000 × $12

= $2,400,000

Therefore,

the net additional paid in cash

= Market value of the stocks - par value of the stocks - Registration and issuance costs

on substituting the respective values, we have

= $2,400,000 - $1,000,000 - $35,000

= $1,365,000

The legal and the consulting fees is not included above because they are paid in cash.

Hence, the correct answer is option (c) $1,365,000

5 0
3 years ago
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