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
tia_tia [17]
3 years ago
5

Green, Inc., provides group term life insurance for all of its employees. The coverage equals twice the employee's annual salary

. Sam, a vice president, worked all year for Green, Inc., and received $200,000 of coverage for the year at a cost to Green of $1,500. The Uniform Premiums (based on Sam's age) are $0.25 per month for $1,000 of protection. How much must Sam include in gross income this year
Business
1 answer:
Korvikt [17]3 years ago
7 0
Same is broke so she needs $10,000 to pay her taxes
You might be interested in
In July, a customer invested $10,000 in the ABC Mutual Fund. In December of the same year, ABC announced a long-term capital gai
mihalych1998 [28]

Answer:

Capital gains distribution is treated as long term

Capital gain from from redemption is treated as short term

Explanation: Capital gains may be explained as the profit made from the sale of a property or investment. Depending on the holding duration of the stock or bond, a capital gain may be classed as short term is held for below one year or long-term, of held for more than 1 year. However, According to the Internal Revenue service regulation, Capital gains are taxed as long term irrespective of the holding period in which the owner has possessed the fund.

Capital gains redemption however, follows the usual time-line and in this case would be taxed as short-term because the holding period is between July to May, which is a 10 months. Since it hasn't exceeded a year, then, it is classed as short term.

4 0
3 years ago
Discuss how you react to changes in the environment. For example, there is a change in your class schedule or a change in the pr
Colt1911 [192]

Answer: my reaction would probably not be good

Explanation:

8 0
3 years ago
Net income for the year was $29,500. Accounts receivable increased $2,500, and accounts payable increased $5,400. There were no
mylen [45]

Answer:

True

Explanation:

The net cash flow for the year can be calculated using the following equation:

net cash flow = net income + accounts payable - accounts receivable

net cash flow = $29,500 + $5,400 - $2,500 = $32,400

We have to subtract accounts payable since they were included in the net income but the cash has not been received yet.  

4 0
3 years ago
Insurance policies often contain a covenant of good faith and fair dealing. Even if the clause is not in the policy, often court
Oxana [17]

Answer:

The <em>covenant of good faith and fair dealing</em> simply requires all the parties to a contract to deal in an even-handed manner such that one party's action does not frustrate the other or prevent the other from getting the benefits of that contract.

In insurance, this covenant is sometimes captured under the heading <em>Uberrima fides</em>. This is a Latin phrase meaning <em>"Utmost Good Faith".</em>

In insurance, this covenant is legally binding on all parties to ensure they each reveal every information that is material to the acceptance or rejection of the risk (on the part of the Insurer) whilst on the part of the Insured the insurer is required to be explicit regarding the terms of the policy as well as the calculations by which the premium is arrived at.

For example, if an Insurance company is looking at covering someone under it's Life Insurance Policy, the person taking out the contract must disclose whether or not the Insured has any latent health issues which might shorten their lifespan. If there is such a condition, the Insurance company may still take on the risk albeit at a relatively higher rate than a client without such medical conditions.

 

An Insurance Company may breach this covenant if they delay or refuse to reasonable settle claims due to the Insured. It may also arise if the Insurance company by some technical manipulation intentionally under settles an Insurance claim.

If for instance, a Comprehensive Insurance Policy files a valid claim, the Insurer may be liable for negligence and or intentional wrongdoing.

Cheers!

6 0
3 years ago
The heart of the internal records system is the ________ because customers favor firms that can promise timely delivery. A. sale
Brut [27]

Answer:

C. order-to-payment cycle

Explanation:

Order to cash, also known as the or the quote-to-cash cycle, refers to the process of receiving and completing a sale  the beginning with the placement of the order and ending with the payment.

I hope you find this information useful and interetsing! Good luck!

3 0
3 years ago
Other questions:
  • In an interview with a television channel, the Public Relations manager of KP Oil explained what his company intended to do to t
    8·1 answer
  • The Whole Community approach refers to different organizations within the Federal Government.
    15·1 answer
  • Consolidated financial statements are prepared when a parent-subsidiary relationship exists in recognition of the accounting con
    11·1 answer
  • Skysong, Inc. took a physical inventory on December 31 and determined that goods costing $235,000 were on hand. Not included in
    13·1 answer
  • If for a given individual, between a wage rate of $20 and $25 the ____________________ effect outweighs the ________________ eff
    13·1 answer
  • Given the following historical demand, what is the weighted moving average forecast (0.4, 0.3, 0.3) for Week 6?
    5·1 answer
  • Qual é a diferença entre o português de Portugal e o português do Brasil​
    13·2 answers
  • Goods sold to Mahesh Rs 20000 journal entries​
    15·1 answer
  • Visual merchandising is three-dimensional and real, which is more effective than flat drawings or photos. True Or False
    11·1 answer
  • Beneficiary-facing content that includes generic or plan-specific product or benefit information must be submitted for review an
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!