Answer:
a. Is Catherine eligible for the foreign income exclusion for 2020?
Yes
b. Catherine may exclude <u>$45,104</u> from her gross income for 2020.
Explanation:
In order for Catherine to qualify for the foreign income exclusion, she must have lived in a foreign country for at least 1 one (physical presence test). She lived for more than 1 year if we combine her residence in Germany and Slovenia.
The foreign income exclusion amount for 2020 is $107,600, and Catherine can exclude up to (153 days / 365 days) x $107,600 = $45,103.56 ≈ $45,104.
Answer:
The December 31 balance sheet should show the following liabilities:
Current liabilities:
Current portion of notes payable $250,000
Long term liabilities:
Notes payable $750,000
Current liabilities include all the liabilities that are due within one year of the presentation of the balance sheet. While long term liabilities include all the liabilities that are due in more than one year.
Even if the total liability is due in more than one year, but a tranche or installment is due within one year, this must be included as current portion of long term liability under current liabilities.
Answer:
Sorry , didn't mean to tap this
Explanation:
The amount of the full retail gasoline sales in Germany that yr:
The first factor out that fuel tax is 20.4 of a hundred and seventy billion, which means we do have around 34 billion. Now: within the first graph fuel sales were 70.7. This % 70.7 of 34 billion = around 50 billion. E is the answer.
Fuel is a mixture of many specific hydrogens- and carbon-containing chemicals (hydrocarbons). an average gasoline combination carries about one hundred fifty distinctive hydrocarbons, such as butane, pentane, isopentane, and the BTEX compounds (benzene, ethylbenzene, toluene, and xylenes).
Gas, also spelled gasolene, also known as gasoline or petrol, a combination of volatile, flammable liquid hydrocarbons derived from petroleum and used as gasoline for inner-combustion engines. it's also used as a solvent for oils and fats.
Etymology. "gas" is an American word that denotes gas for cars. The time period is an idea to have been stimulated by the trademark "Cazeline" or "Gasoline", named after the surname of British publisher, espresso service provider, and social campaigner John Cassell.
Learn more about gasoline here: brainly.com/question/25141046
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Answer:
net operating income that is increase by 52%
Explanation:
given data
operating leverage = 5.2
sales increase = 10%
solution
we get here net operating income that is increase by as
percentage of increase net operating income = operating leverage × sales increase .............................1
put here value we get
percentage of increase net operating income = 5.2 × 10%
percentage of increase net operating income = 52%
