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kotykmax [81]
3 years ago
7

Smith, a divorced person, provided over one-half the support for his widowed mother, ruth, and his son, clay, both of whom are u

.s. citizens. during this year, ruth did not live with smith. she received $9,000 in social security benefits—none of which was taxable. clay, a full-time graduate student, and his wife lived with smith. clay had no income but filed a joint return, owing an additional $500 in taxes on his wife's income. how many exemptions was smith entitled to claim on his tax return?
Business
1 answer:
Nonamiya [84]3 years ago
5 0

Smith is able to exempt himself and his mom. Clay is married and filed a joint return with her so Smith is unable to claim Clay due to that. Smith can't claim Clay's wife since she was the other half in filing jointly with Clay. Smith is able to claim two exemptions.

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What economic benefit has the debt reschedule for developing countries?
diamong [38]

Answer:

The main economic benefit that debt rescheduling has for developing countries is that it changes principal and interest payments to more favorable conditions.

This means that after the reschedule, developing countries will have to put less resources into the payments of public debt, which allows them to have more resources available for other public investments like education, healthcare, and infraestructure.

8 0
4 years ago
The step of making a tentative plan in the troop-leading procedure usually has six steps. what is step six?
vladimir1956 [14]
Step six is to complete the plan.

The basic six steps are:
- receiving the requirements
- issuing a warning order
- making the tentative plan
- initiating the movement
- conducting the <span>reconnaissance, and finally
</span>- completing the plan

It is also advisable to follow the 6 steps by two additional steps which are:
- issuing the complete order
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5 0
3 years ago
Hammerstein Corporation offers a variety of share-based compensation plans to employees. Under its restricted stock award plan,
LekaFEV [45]

Answer and Explanation:

As per the data given in the question,

1)

Fair value per share = $20.4

Number of Share = 2 million

Fair value of award = Fair value per share ×Number of Share

= $20.4 × 2 million

= $40.8 million

2) No Entry

3)

Compensation expense($40.8 million÷4 years) $10.2 million

          To Paid in capital - restricted stock($20.4-$10.2) $10.2  million

(Being the compensation expense is recorded)

4)

Fair value per share = $20.4

Share granted = 2 million

(100%-10%) forfeiture rate = 90%

fair value of award = $20.4×2×90%

= $36.72 million

5 0
4 years ago
On June 5, Staley Electronics purchases 210 units of inventory on account for $21 each. After closer examination, Staley determi
fenix001 [56]

Answer:

journal entry for every date be below

Explanation:

solution

journal entry for every date is here

date          particular                                             Debit                 credit

June 5      Purchase Inventory  ( 210× $21 )      $4410

                to cash/bank                                                                  $4410

       ( 210 inventory purchased at $21 each)

June 9      cash/bank A/c   ( 30 × $21 )                $630

                 Purchases Returns  (Inventory ) A/c                             $630

                 ( 30 inventory return )

June 16      cash/bank A/c  210 -30 × ($37 )        $6660

                  Cost of good sold 210 -30 × ($21 )    $3780

                  sales A/c 210 -30 × ($37 )                                              $6660

                 inventory A/c 210 -30 × ($21 )                                         $3780

                 remaining inventory sold at $37                      

7 0
4 years ago
Since air pollution creates a negative externality,
Inessa [10]
A.

If you recall, negative externalities arise when there is a divergence between marginal private cost and marginal social cost, the difference being the marginal external cost as shown from the poorly drawn diagram. If we got rid of the marginal external cost by producing less, then the externality would dissipate.

However, the question is weird as there are no options for compensation. What would rather happen is that whoever has the property rights will be compensated the size of the MEC and there would be social welfare, whereas the question only tackles removing the externality through stopping production.

8 0
4 years ago
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