If you don't know how much you will spend in a particular category such as clothing, you should

1 answer:

Klio2033 [76]3 years ago

6 0

Find out how much you have look at what clothing you need then look for the best prices and try to find some discounts so you can save some money so just maby you can get another product with the money you saved.

You might be interested in

Carlton files a petition in bankruptcy. One of the goals of bankruptcy law with respect to a debtor is to:____.

german

Answer:

Carlton files a petition in bankruptcy. One of the goals of bankruptcy law with respect to a debtor is to provide a fresh start, free from creditors' claims 

8 0

3 years ago

Duc has been employed by Longbow Corporation for 25 years. During that time, he bought an annuity at a cost of $50 per month ($1

Arte-miy333 [17]

Answer:

a. How much gross income does Duc have from the contract in the current year?

According to the IRS, Duc's life expectancy is 90 years and 8 months, or 310 more months. This means that Duc can discount from his monthly income $15,000 / 310 = $48.39 (which we must round down to $48).

Duc received 8 x $200 = $1,600

deductions = 8 x $48 = $384

taxable income = $1,216

b. Assume that Duc dies on April 2, 2025. How does Annika account for the contract in 2025?

Annika should account for the contract in the same way as Duc did, and will also be able to discount $48 per month form her gross income. Since Annika will still file her taxes as married during 2025, she will report net income from this contract = ($200 - $48) x 12 months = $1,824

c. Assume the same facts as in part b and that Annika dies on August 4, 2032. How does the executor of Annika's estate account for the contract in the year of her death?

Both Duc and Annika received [(2032 - 2019) x 12] + 4 = 160 payments in total, so her estate is entitled to a tax deduction = (310 - 160) x $48 = $7,200

Since she died on August, her estate must also report income = ($200 - $48) x 8 = $1,216

3 0

3 years ago

What is the term used to describe the dollar amount of a physical damage claim paid by the policyholder?A. Coinsurance clause.

Reika [66]

Answer:

C. Deductible.

Explanation:

Variable universal life insurance is insurance that provides permanent insurance coverage as whole life does; however the policyholder, not the insurance company, takes on the investment risk.

A Variable universal life insurance is a type of permanent life insurance policy which avails the holder the opportunity of investing the cash component of the plan (policy) for a much greater returns and as such the investment risk associated with the policy lies completely on the policy holder and not the insurance company.

Additionally, a group life insurance policy can be defined as a single contract plan that covers a group of people by providing life insurance coverage. An employer may opt for a group life insurance policy which would cover the lives of his or her employees.

Deductible is the term used to describe the dollar amount of a physical damage claim paid by the policyholder.

5 0

3 years ago

What are renewable energy sources?

Molodets [167]

Energy sources that will never run out. Such as, light, air, and water. But it can be ruined. I didnt Google any of this. Please give me brainliest, I just need one more to lvl up!

3 0

3 years ago

Read 2 more answers

Kilbuck manufacturing operates in a lean manufacturing environment. kilbuck's actual conversion costs for the month of may follo

Brums [2.3K]

Kilbuck Manufacturing operates in a lean manufacturing environment. Kilbuck’s actual conversion costs for the month of May follow:
Direct and indirect labor $150,000
Machine depreciation $85,000
Maintenance and supplies $60,000
Total conversion costs $295,000
The journal entry to record April's conversion costs will include:
D. A debit to Raw and In Process Inventory

Raw materials of all kinds are measured at the start recorded into a list plus account with a debit to the raw materials inventory account and a credit to the accounts collectible account.When raw materials are consumed, the accounting treatment varies, betting on their standing as direct or indirect materials.

3 0

3 years ago