3 years ago

Which statement regarding strategies is true?

1 answer:

5 0

<span>"C. Strategies facilitate objectives" This is true because there's a series of objectives that must be completed within any strategy, and the other options can be true however not for every strategy.</span>

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Jeremy earned $100,000 is salary and $6,000 in interest income during the year. Jeremy's employer withheld $11,000 of federal in

nevsk [136]

Answer:

Follows are the solution to this question:

Explanation:

Points Description Amount Computation

(1) Major Revenue $110,000 $\$ 100,000 \ salary + \$ 6,000 \\ \\Interest \ income + \$4,000 \\\\ \text{ capital gain in long term}$

(2) AGI allowance 0

(3) Gross sales adjusted $110,000 (1) - (2)

(4) Deduction norm 18,350 Chief of Household

(5) susceptible to deductions 23,000

(6) Enhanced standard (23,000) (5) > (4)

deduction or individualized

deductions

(7) Taxable Revenue $87,000

(8) Response for $13,298 $[(83,000 - 52,850) \times$

incoming taxes $22\%+ \$6,065] + \$4000\times 15\%$

(See the household head tax

plan)

(9) Allowance for children's taxes (2,000)

(10) Withdrawal of tax (11,000)

Taxes due $ 298 (8) + (9) + (10)

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3 years ago

How much should be in the reserve for fixed expenses?

olchik [2.2K]

Answer:

The short answer is that your cash reserve should be sufficient for you to feel comfortable running your business. Some experts recommend having three months of expenses. Others recommend six months. I would suggest speaking to your CPA or financial adviser to determine the right number for your business.

Explanation:

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3 years ago

"ned sets up an arrangement where some of his property is managed by a trustee for the benefit of beneficiaries. ned reserves th

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I believe the answer is: An Revocable Living Trust

Revocable living trust refers to a form of planning that help you determine the person who would obtain your properties when you die. A revocable living trust would cover three phases of the maker's life: his lifetime, possible incapacitation, and what happens after his death.

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3 years ago

The financial statements of Flathead Lake Manufacturing Company are shown below. Income Statement 2017 Sales $ 9,300,000 Cost of

Nina [5.8K]

Question attached

Answer and Explanation:

Answer and explanation attached