Answer:
Betty's AGI $33,558
Explanation:
Betty's AGI:
Revenue from salon $88,560
Salaries paid to beauticians ($46,440)
Nail salon supplies ($23,620)
Salon's operating income $18,500
+
Interest income $14,665
+
Rental revenue from apartment building $35,180
Depreciation on apartment building ($14,400)
Real estate taxes paid on apartment building ($11,980)
Rental income $8,800
-
Alimony paid to her husband $7,100
-
Self-employment tax on salon income $1,307
=
Betty's AGI $33,558
Real estate taxes paid on Betty's house and charitable contributions are itemized deductions (below the line deductions).
I believe the answer to this question is : False
Answer:
The correct answer is letter "E": "A" and "B".
Explanation:
In order to accomplish its monetary policy, the Federal Reserve (<em>Fed</em>) buys and sells securities in the open market to control the money supply. If there is more money supply in the open market, loan rates will decrease allowing investors to access more capital. At the same time, the Fed reserves and assets will increment.
Answer:
the monthly benefit taxable income would be $900
Explanation:
For a Plan of $1,000/month if the employer pays $90 and the employee pays the other $10 of a $100 group disability premium.
after paying the total amount of %100 according to the plan if the employee gets disabled then he will get 90% of the total amount which is taxable income.
Answer:
Using Traditional allocation method
Allocation rate per unit
=<u> Budgeted overhead</u>
Budgeted direct labour hours
Brass
Overhead allocation rate
= <u>$47,500</u>
700 hours
= $67.86 per direct labour hour
Gold
= <u>$47,500</u>
1,200 hours
= $39.58 per direct labour hour
Using activity-based costing
Brass
Allocation rate for material cost pool
= <u>$12,500</u>
400
= $31.25 per material moved
Gold
Allocation rate for material cost pool
= <u>$12,500</u>
100
= $125 per material moved
Brass
Allocation rate for machine set-up pool
= <u>$35,000</u>
400
= $87.50
Gold
Allocation rate for machine set-up pool
= <u>$35,000</u>
600
= $58.33
Explanation:
Using traditional allocation method, the overheads for material cost pool and machine set-up pool will be added. The overhead allocation rate per unit is the division of total overhead by the direct labour hours for each product.
Using activity-based costing, the material cost pool overhead will be divided by the material moved for each product in order to obtain allocation rate for each product.
The allocation rate for machine set-up pool is obtained by dividing the machine set-up overhead by the number of machine set-up for each product.
