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
omeli [17]
3 years ago
15

Joe and Nancy are married and file a joint return. They claim Nancy’s father (Walter) and Nancy’s son (Jordan, who is blind) as

dependents. During the current year, they pay the following expenses: Tuition to send Jordan to a special school for the blind $10,000 Medical equipment for Jordan 3,000 How much qualifies as a medical expense with regard to Jordan?
Business
1 answer:
telo118 [61]3 years ago
4 0

Answer:

$13,000

Explanation:

The computation of the amount that qualifies as a medical expense with respect to Jordan is given below;

= Special school for the blind + medical equipment

= $10,000 + $3,000

= $13,000

The whole amount should be qualified for the medical expense and out of which the 7.5% of the parents would be for the adjusted AGI could be available for the deduction

You might be interested in
A segment has the following data:
ankoles [38]

Answer:

Net income will decrease by $400,000

Explanation:

Currently this business unit is generating a net loss of $150,000:

total revenue - variable expenses - fixed costs = $700,000 - $300,000 - $550,000 = -$150,000

if the unit is eliminated, then the revenue and variable expenses will be gone, but the fixed costs will be allocated to other business units. So instead of losing $150,000, the company will lose $550,000. The company's net income will decrease by $550,000 - $150,000 = $400,000

4 0
3 years ago
are built and maintained by local, state, and federal governments. A. All public roads B. All roads C. All private roads D. Some
saveliy_v [14]

Answer:

B.

Explanation:

6 0
3 years ago
Read 2 more answers
All of the following are aspects of advertising except Multiple Choice a. it must be carried by some medium. b. legally, the sou
oksano4ka [1.4K]

Answer:

d. it is used to sell only products.

Explanation:

  • The economic roles of advertising includes the values of the products and effects in the pricing and effects of the customers demands and the impacts on the business cycles.
  • Includes mediums and legal source of the message that must be known and its a persuasiveness form of communication and can be used to gather data and opinion and is more than sale of a product.
3 0
4 years ago
A transaction is a _____ unit of work that must be either entirely completed or aborted.
nikklg [1K]

Answer:

Small/large

Explanation:

A transaction could be a small or large unit of work that must either be totally finished or stopped

3 0
3 years ago
Maher Corporation, which has only one product, has provided the following data concerning its most recent month of operations: S
timofeeve [1]

<u>Solution and Explanation:</u>

1. assuming the firm using the varibale costing

Calculation of unit cost under variable costing

Direct material = 49

Direct labor = 53

Variable manufacturing overhead = 8

UNIT PRODUCT COST = 110

2. Assuming company using absorption costing

Calculation of unit cost under absorption costing

Direct material = 49

Direct labor = 53

Variable manufacturing overhead = 8

Fixed manufacturing overhead ( 113250 divide 3440) = 33

UNIT PRODUCT COST = 143

                                     Variable costing income statement

Sales                                                                                                  594660

Less: variable expense

variable COGS                                           349800

Variable seeling expense                            60420

Total variable expense                                                                        410220

Total contribution margin                                                                      184440

Less: fixed expense

Fixed manufacturing overhead                    113520

Fixed selling and admin exp                          9540

Total fixd expense                                                                                  123060

Net opertaing income (Loss)                                                                   61380

                       Income statement under absorption costing

Sales                                                                       594660

COGS                                                                      454740

Gross margin                                                           139920

Selling and admin expense

Variable = 60420

Fixed = 9540

net operating income                                              69960

              recncociliation of varibale costing and absorption costing net operating income

Variable costing net operating income                                             61380

Add: Fixd manufacturing overheads defered in inventory under absorption costing                                                                                                 8580

Absorption costing Net operating income (Loss)                            69960

     

5 0
4 years ago
Other questions:
  • Advertisers can determine how effective their media mix has been in reaching their target audience by calculating ________ of th
    12·1 answer
  • With a sole proprietorship, who pays the taxes?
    15·2 answers
  • MCQ
    6·1 answer
  • You just heard that a​ well-known manufacturer in a different industry segment is going to enter your market with a product that
    5·1 answer
  • Santoyo Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below:
    5·1 answer
  • When a team that has never worked together collaborates on communication efforts?
    11·1 answer
  • What impact did the hard-lockdown have on the perfect markets?​
    15·1 answer
  • Video game designers can do visual design or programming.<br> A.<br> True<br> B.<br> False
    12·1 answer
  • A firm has net working capital of $560, net fixed assets of $2,306, sales of $6,700, and current liabilities of $870. How many d
    12·1 answer
  • Question 1
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!