Alain's net investment income tax is the lesser of 1) his net investment income ($53,000) or 2) his modified adjusted gross income less the threshold of $200,000 .

Therefore

$304,000 - $200,000 = $104,000

3.8%×$104,000= $3,952

($53,000 × 3.8% )= $2,014

The additional tax that alain will pay on his net investment income for the year is $2,014

4 0

3 years ago

On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $31,000

Diano4ka-milaya [45]

D Increase total assets and decrease net income

3 0

2 years ago

Snyder, Inc. manufactures three types of golf balls; the Worm-burner, the Escalator, and the Slice. Over the past year, variable

jolli1 [7]

Answer:

Explanation:

Sales mix is a ratio of products sold. In this case, sales by golf ball type as a percentage of total sales is the sales mix as it shows the ratio of product sold.

7 0

3 years ago

Read 2 more answers

The _______ transport of auxin establishes the orientation of growth; the _______ redistribution of auxin causes a growth respon

Novosadov [1.4K]

This is the complete sentence: the polar transport of auxin establishes the orientation of growth, the lateral redistribution of auxin causes a growth response to an enviromental stimulus that is called morphogenesis.<span />

5 0

3 years ago