1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vinvika [58]
3 years ago
5

During the year, Juanita has the following income: Gift from her father to help with her student loans $8,500 Interest income on

US Treasury Bond $400 Interest income on the municipal bond issued by the City of Chicago $250 Interest income from her savings account at BMO Bank $165 Life insurance proceeds on the death of her mother $45,000 What is Juanita's gross income for the year
Business
1 answer:
stich3 [128]3 years ago
6 0

Answer:

$565

Explanation:

First of all, the person that receives a gift does not pay taxes for it. Also, proceeds from a life insurance policy are not taxable either. Municipal bonds are not taxed by the federal government.

This means that Juanita's taxable income = $400 interests from Treasury bonds + $165 interests from savings account = $565.

You might be interested in
A company using the periodic inventory system has inventory costing $152 on hand at the beginning of a period. During the period
BabaBlast [244]

Answer:

A. $288

Explanation:

The cost incurred to produce or purchase the product which is being sold is called cost of goods sold.

Cost of Goods Sold = Beginning Inventory + Purchases in the period - Ending Inventory

Cost of Goods Sold = $152 + $492 - $356

Cost of Goods Sold = $288

7 0
3 years ago
Read 2 more answers
Which products are considered "covered products" by the Treasury Department and are subject to anti-money regulations?
AURORKA [14]

Answer:

B) C and D

  • C. Whole life insurance
  • D. Annuities

Explanation:

Anti-Money Laundering (AML) regulations identified the following insurance products as covered products:

  • Permanent life insurance policy, other than a group and term life insurance policy
  • An annuity contract, other than a group annuity contract
  • Any other insurance product with features of cash value or investment.

The AML's main goal is detect and stop terrorist financing.

5 0
3 years ago
Harold has a balance of $2200 on a credit card with an APR of 31.3%, compounded monthly. About how much will he save in interest
Naddik [55]
The answer is 337.49
4 0
2 years ago
Read 2 more answers
All Wet Water Softener Systems has Cash of $400?, Accounts Receivable of $1,000?, and Office Supplies of $600. All Wet owes $300
DanielleElmas [232]

Answer:

D. 5.00

Explanation:

The calculation of current ratio is given below :-

Current Ratio = Current Assets ÷ Current Liabilities

where,

Current Asset = cash + account receivable + office supply

= $400 + $1000 + $600

= $2,000

and the Current Liabilities is

= Account payable + salary payable

= $300 + $100

= $400

So, the current ratio is

= $2,000 ÷ $400

= 5 times

7 0
3 years ago
True or false: The fundamental activities of a business are selling activities and marketing activities.
astra-53 [7]

Answer:

i think its false

Explanation:

6 0
3 years ago
Other questions:
  • Which career would organize,train and support teachers and educational workers to help them provide better instruction?
    9·1 answer
  • ACES is a quality auditing firm. It has dedicated a team of managers, business analysts, and system analysts to develop an infor
    9·1 answer
  • Avril Synchronistics will pay a dividend of $ 1.40 per share this year. It is expected that this dividend will grow by 7​% each
    6·1 answer
  • Many customers have expressed a preference for local produce in season. Andy and Scott form partnerships with local farmers to e
    15·1 answer
  • How can a poor housing market put home buyers in a financially unstable position?
    12·2 answers
  • The T- account for Cash had 3 transactions entered into it. It was increased by $400 and decreased by $100 and by $30, respectiv
    13·1 answer
  • During Year 5, Tedd Co. became involved in a tax dispute with the IRS. At December 31, Year 5, Tedd's tax advisor believed that
    7·1 answer
  • Need help in personal finance.
    12·1 answer
  • A job-needs analysis:___________.1. Examines the ethics of each employee in the organization.2. Includes an assessment of how ea
    14·1 answer
  • Everything else held constant, an increase in the excess reserves ratio causes the m1 money multiplier to ________ and the money
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!