Answer: $0
Explanation:
Life insurance proceeds are generally considered to be tax exempt in order to ease the burden on the bereaved which means that Jason does not have to report any gross income from receiving this insurance proceeds.
If Jason does not collect all the proceeds at once however, and leaves some or all of it with the insurance company to accumulate interest, he will have to pay taxes on that interest.
Answer:
Maybe it was thing something you need to know
Explanation:
It in math and history in goggle I just saw there is answer here
Answer:
The options are:
A $34,850.
B $163,350.
C $128,500.
D $188,200.
$ 163,350.00,option B is correct
Explanation:
At the beginning of the current year ,the stockholders equity is the difference between total assets of $877,000 and total liabilities of $748,500 i.e $128,500
.
However,the increase or decrease to stockholders' equity in the current year is the difference between increase in total assets of $59,700 and the the increase in liabilities of $24,850 i.e $ 34,850.00
Hence stockholders' equity=the initial stockholders' equity+increase=$128,500+$ 34,850=$ 163,350.00
Answer: $1,982.40
Explanation:
The company's after-tax income using LIFO will be:
Sales = 306 × $63 = $19,278
Less: Cost of Goods Sold
132 × $49 = $6,468
174 × $47 = $8,178
Coat if goods sold = $14,646
Gross Profit = $19,278 - $14,646 = $4,632
Less: Operating Expense = $1,800
Income Before Tax = $2,832
Less: Tax = 30% × $2832 = $849.60
Income after Tax = $1,982.40
