Answer: $1400
Explanation:
The amount of gross income that Heather must report will be the addition of the interest on the US government bonds, the interest on the federal income tax refund and the gain on the sale of Madison company school bonds. This will be:
= $700 + $200 + $500
= $1400
Therefore, Heather must report gross income in the amount of $1400. The correct option is D.
Explanation:
1. Identify a safe place or safe friend: Have a contact of a friend who can help you out to "get rid of that place". You can also have a code word to communicate that you are in danger.
2. Keep an alternate number for you: Buy a new number for you without knowing to the troublesome person to call and inform about the situation during danger.
3. Documents ready: Keep all the documents ready to safe guard yourself and your finance.
4. Memorize the contact numbers: Memorize the contact numbers family or friends who supports you.
Answer:
The clause is an illegal provision.
Explanation:
An illegal provision is a clause or condition that is unenforceable by it's very nature. Kevin owns all the legal interest in the apartment. Jon has no legal interest in the apartment.
A legal interest refers to the right to legally possess and use a property. This right is enforceable under the law.
If Jon as a broker co-owns the apartment, then the clause or provision he inserted becomes legal. Given that he doesn't, the clause is void <em>ab initio.</em>
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Cheers!
Answer:
$339
Explanation:
Computation of the given data are as follows:
Income before tax in FIFO = $15,730
Tax rate = 30%
So, the Tax amount for FIFO = $15,730 × 30%
= $4,719
And, Income before tax in LIFO = $14,600
Tax rate = 30%
So, the Tax amount for LIFO = $14,600 × 30%
= $4,380
So, the difference in tax amount = Tax amount for FIFO - Tax amount for LIFO
= $4,719 - $4,380
= $339
