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Sauron [17]
3 years ago
14

A taxpayer's spouse dies in August of the current year. Which of the following is the taxpayer's filing status for the current y

ear?
a. Single.
b. Qualified widow(er).
c. Married filing jointly.
d. Head of household.
Business
1 answer:
Nikitich [7]3 years ago
4 0

Answer:

b. Married filling jointly

Explanation:

From the question we are informed about taxpayer's spouse who dies in August of the current year. In this case,

the taxpayer's filing status for the current year would be Married filling jointly. Joint return can be regarded as tax return which is been filed with the Internal Revenue Service by two married taxpayers that decide to have a filing status of "married filing jointly" or a widowed taxpayer that decide to have a filing status of " Qualifying Widow "A joint return give room for the

taxpayers to join their tax liability as well as report their income, credits and

deductions on the same joint return.

The joint return rates still validly

apply even two year after the death of a particular spouse, so far the

surviving spouse of the dead spouse does not remarry and still maintains a household as regards a dependent child.

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Cityscape Hotels has 200 rooms available in a major metropolitan city. The hotel is able to attract business customers during th
pishuonlain [190]

Answer: See explanation and attachment

Explanation:

a. What is the contribution margin for a room night under the normal pricing if only the hotel depreciation and hotel staff (excluding housekeeping) are assumed fixed for all occupancy levels?

Price = $180

Less: Variable Costs:

House keeping staff = $23

Utilities = $7

Amenities = $3

Total variable costs = $33

Contribution margin = $147

B. Determine the contribution margin for a room night under the proposed weekend pricing.

Price = $120

Less: Variable Costs:

House keeping staff = $23

Utilities = $7

Amenities = $3

Total variable costs = $33

Contribution margin = $87

C. Prepare a differential analysis showing the differential income for an average weekend between the existing (Alternative 1) and discount (Alternative 2) price plan.

Check attachment for solution

D. Should management accept the proposed weekend pricing plan? Explain.

No. From the calculation in C, there is reduction in income.

4 0
3 years ago
In the new products process, after evaluating an idea, various views on the idea are combined together in what is often called t
kolezko [41]

Answer:

The correct answer is letter "A": full screen.

Explanation:

The full screen is a scoring model carried out to determine the feasibility of a product. In this stage, the technical and commercial aspects of that product are evaluated to find out if it is possible to be materialized or if the development of that good should stop.

5 0
3 years ago
Developing and using a budget is part of the "obtaining" component of financial planning. true false
Nikolay [14]
Ok not sure but I'm gonna have to go with true. You can research online to make sure.
8 0
3 years ago
MC Qu. 59 A company's flexible budget for... A company's flexible budget for 16,000 units of production showed sales, $96,000; v
geniusboy [140]

Answer:

$120,000

Explanation:

The computation of sales is shown below:-

For computing the sales revenue first we need to find out the selling price per unit which is here below:-

Selling price per unit = Sales ÷ Units

= $96,000 ÷ 16,000

= $6

Sales revenue when 20,000 units are sold = Selling price per unit × Number of units sold

= $6 × 20,000

= $120,000

Therefore for computing the sales revenue we simply applied the above formula.

6 0
3 years ago
curtis invests $800,000 in a city of Athens bond that pays 10.00 percent interest. Alternatively, Curtis could have invested the
vodomira [7]

Answer:

9.5%

Explanation:

The computation of the after tax rate of return is shown below:

But before that first determine the following calculations

The interest income earned

= $800,000 × 12.50%

= $100,000

Now After tax interest income is

= $100,000 × (1 - 0.24)

= $76,000

Now

After tax rate of return on investment is

= ($76,000 ÷ $800,000) × 100

= 9.5%

4 0
3 years ago
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