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uranmaximum [27]
3 years ago
11

Terri, age 16, is a dependent of her parents. During 2018, Terri earned $5,000 in interest income and $3,000 from part-time jobs

. Click here to access the 2018 tax rate schedule and 2018 Estate and Trust Tax Rate Schedule. a. What is Terri's taxable income
Business
1 answer:
zaharov [31]3 years ago
3 0

Answer:

$4,500

Explanation:

Given:

Terri income earned = $5,000

Part time Income = $3000

Terri's Taxable income = ?

Computation of Terri's Taxable income :

Terri's total income = Terri income earned + Part time Income

= $5,000 + $3,000

= $8,000

Taxable Income =  Terri's total income - Standard deduction

= $8,000 - ($3,000+$350)

= $8,000 - $3,500

= $4,500

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Quantitative Problem 1: Assume today is December 31, 2017. Barrington Industries expects that its 2018 after-tax operating incom
ziro4ka [17]

Answer:

$29.630

Explanation:

For computation of stock price first we need to follow some steps which is shown below:-

Free cash flow = EBIT (1 - T) + Depreciation - Capital expenditure - Working capital

= $450 million + $65 million - $110 million - $30 million

=  $375 million

Value of firm = Free cash flow ÷ (WACC - Growth)

= $375 million ÷ (9% - 4.5%)

= $375 million ÷ 0.045

= $8,333.33 million

Value of equity = Value of firm - Value of debt

= $8,333.33 million - $3,000 million

= $5,333.33 million

Stock price = Value of equity ÷ Outstanding shares

= $5,333.33 million ÷ 180 million

= $29.630

3 0
4 years ago
What is "principal"?
Gemiola [76]
The answer is D.
this is because principles are the total amount of money borrowed or invested.
5 0
3 years ago
Eric's textbook costs $90, and he can resell it in one year's time for $45. if the annual interest rate is 10%, then the present
Archy [21]
<span>$41 Given a discount rate, the present value (PV) of money you expect to receive in the future (FV) at a specified interest rate (R) for a specified number of periods (N) is PV = FV/(1+R)^N So let's plug in the known values and solve. PV = 45/(1+0.10)^1 PV = 45/(1.10)^1 PV = 45/1.10 PV = 40.90909091 Rounding to the nearest dollar gives $41</span>
7 0
3 years ago
David Desgro hired Paul Pack to inspect a house that Desgro wanted to buy. Pack had Desgro sign a standard-form contract that in
harkovskaia [24]

Answer:

Desgro’s complaint was filed too late. With this being stated, the suit would be dismissed because the contract explicitly states that complaints have to be within the 12 month timespan.

Explanation:

Desgro’s complaint was filed too late. With this being stated, the suit would be dismissed because the contract explicitly states that complaints have to be within the 12 month timespan due to the fact that Desgro discovered issues with the plumbing, insulation, heat pump, and floor support after buying the house in which he decided to filled a suit in a Tennessee state court against Pack after Thirteen months which was after the inspection and after signing the standard-form contract that included a twelve-month limit for claims based on the agreement which is why the suit would be dismissed because the contract explicitly states that complaints have to be within the 12 month timespan which Desgro failed to comply with.

8 0
4 years ago
In order to defer deductions for manufacturing costs until the finished products are sold, Congress enacted rules specifying tha
yawa3891 [41]

Answer:

Uniform cost capitalization rules

Explanation:

Uniform capitalization rules of the Internal Revenue Code Section 263A specifies certain cost of labor, material, other direct and indirect cost to be capitalized and reported as inventory cost. Under this rule, all cost incurred in producing an asset, whether direct cost or indirect cost must be capitalized. The rule is to address the differences in assessment between those that manufacture their assets and those that buy outright.

7 0
3 years ago
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