WILL BE MARKED BRAILIEST!!

An individual who has left his or her native country and is unwilling or unable to return to it because of persecution or fear o

viva [34]

Answer: A Refugee

Explanation:

A Refugee is an individual who has left his native country and crossed into another country, due to conflict or war in their native land. In most cases, refugees are unable to return to their native country and would have to start life afresh in the new country.

5 0

3 years ago

Jay Bird is a partner in Soundview Partnership. The adjusted basis of his interest is $19,000, of which $15,000 represents his s

Marta_Voda [28]

Answer:

Ordinary income of $6,000; Capital gain of $18,000

Explanation:

Calculation to determine the amount and character of his gain

First step is to calculate the The total gain on the sale of his partnership

Using this formula

Total gain on the sale of his partnership = ( Cash + Relief of his share of liabilities -Basis )

Let plug in the formula

Total gain on the sale of his partnership=$28,000+$15,000+$19,000

Total gain on the sale of his partnership=$24,000

Now let determine the amount and character of his gain

The UNREALIZED RECEIVABLES amount of $6,000 will be the ORDINARY INCOME while the remaining amount of $18,000 Calculated as ($24,000-$6,000) will be the CAPITAL GAIN.

Therefore the amount and character of his gain will be: Ordinary income of $6,000; Capital gain of $18,000

4 0

3 years ago

The total assets on the balance sheet was $128,800 before journalizing and posting the adjusting entries for $800 of expired ins

Tanya [424]

Given:

Total assets before journalizing and posting the adjusting = $128,800

Expired insurance = $800

Expired rent = $2,400

Depreciation = $900

To find:

Total assets after journalizing and posting the adjusting

Solution:

To determine the value of the total assets after journalizing and posting the adjustment, we have to subtract all the given values i.e, the expired rent, expired insurance and the depreciation values from the total assets before journalizing and posting the adjusting.

The calculation is as follows,

Total assets after journalizing and posting the adjusting

$\Rightarrow\$128,800 - \$800 - \$2,400 - \$900 = \$124,700$

Therefore, the required value of the total assets after journalizing and posting the adjusting is $124,700.

8 0

3 years ago

Another bank is also offering favorable terms, so Rahul decides to take a loan of $18,000 from this bank. He signs the loan cont

Sphinxa [80]

Answer:

final loan amount = $18,455.86

so correct option is c. $18,455.86

Explanation:

given data

loan = $18000

rate = 10%

time = 3 months

to find out

total amount that Rahul owes the bank at the end of the loan

solution

we know that number of day in 3 months is

number of day = 3 × $\frac{365}{12}$

number of day = 91.25 days

loan rate = $\frac{0.10}{365}$

loan load = 0.00027397

now final loan amount will be

final loan amount = loan amount × $(1+r)^{t}$

final loan amount = $18000 × $(1+0.00027397)^{91.25}$

final loan amount = $18,455.86

so correct option is c. $18,455.86

7 0

3 years ago

Phildell Phoenix is paid monthly. For the month of January of the current year, he earned a total of $8,288. The FICA tax rate f

AysviL [449]

Answer:

Total deduction 2,443.21

Explanation:

8,288

x 6.20% Sccial Security 513.856

x 1.45% Medicate 120.176

x 6.20% FUTA&SUTA (for 7,000) 434

Income tax witheld 1,375.17

Total deduction 2,443.21

We will multiply his taxable wages for period by the tax rate.

We must noticew FUTA and SUTA applies fdor the first 7,000 only so we multiply by 7,000 not by 8,288

3 0

3 years ago