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Anna35 [415]
3 years ago
14

Mio was transferred from New York to Germany. He lived and worked in Germany for 340 days in 2020. Mio's salary for 2020 is $190

,000. Assume a 366-day year. In your computation, round any division to four decimal places before converting to a percentage. For example, 0.473938 would be rounded to 0.4739 and converted to 47.39%. If required, round your final answer to the nearest dollar. What is Mio's foreign earned income exclusion
Business
1 answer:
vfiekz [6]3 years ago
7 0

Answer:

Mio's foreign earned income exclusion is $99,960

Explanation:

The calculation of the Mio's foreign earned income exclusion is given below:

The foreign earned income exclusion limit for 2020 is $107,600

Now the foreign earned income exclusion depend on days equivalent to

=  Foreign earned income exclusion limit × (2020 days ÷ total number of days in a year)

= $107,600 × (340 days ÷ 366 days)

= $99,960

Hence, Mio's foreign earned income exclusion is $99,960

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The following transactions occurred during May, the first month of operations for Hunter Products, Incorporated: Issued 50,000 s
NemiM [27]

Answer:

$247,000

Explanation:

Calculation to determine the total of Hunter Products' liabilities at the end of May

Total of Hunter Products' liabilities=(400,000-150,000) - 60,000 + 63,000

Total of Hunter Products' liabilities=250,000 - 60,000 + 63,000

Total of Hunter Products' liabilities=$247,000

Therefore the total of Hunter Products' liabilities at the end of May will be $247,000

8 0
2 years ago
Martin is offered an investment where for $6000 today, he will receive $6180 in one year. He decides to borrow $6000 from the ba
Effectus [21]

Answer:

maximum interest rate = 3%

so correct option is A) 3%

Explanation:

given data

investment = $6000

receive = $6180

borrow = $6000

to find out

maximum interest rate bank needs to offer on the loan

solution

we consider here maximum interest rate bank needs to offer is = r

so value of investment will be express here as

value of investment = amount to be borrowed × ( 1 + r )    ................1

put here value we get rate r

6180 = 6000 × ( 1 + r )

solve it we get

rate = 0.03

maximum interest rate = 3%

so correct option is A) 3%

3 0
3 years ago
Garavelli Industries granted restricted stock units (RSUs) representing 60 million of its $1 par common shares to executives, su
DedPeter [7]
$480 would be your answer because the fair value per share $8 x 60 mil = $480 the $480 mil total compensation is expensed equally over the three-year vesting period reducing earnings by $160 million each year :D
4 0
3 years ago
What are most employers looking for in a job candidate?
adelina 88 [10]

People skills

if you dont have people skills you wont be able to properly care for the customer

7 0
2 years ago
Read 2 more answers
Assume the prior year ending inventory was understated by $ 50,000 . Explain how this error would affect the prior year and curr
adelina 88 [10]

When Prior year ending inventory understated by $ 50,000 :

If the ending inventory of the prior year has been understated then the COGS of the prior year get overstated which ultimately understated Pretax income by the same margin.

Prior year ending inventory is the current year opening inventory,  so when the prior year ending inventory has been understated that means the current year opening inventory is also getting understated.  Which resulted in an understatement of COGS and due to which pretax income of the current year gets overstated by the same margin.  

Total pretax income of the two years = $ (50,000) + $ 50,000 = Nil ( No effect).

The four most commonly used inventory types are Raw Materials, Work in Process (WIP), Finished Goods, Maintenance, Repair, and Overhaul (MRO). Knowing the nature of your inventory will help you manage your inventory better and smarter. Consider a fashion retailer like Zara, which operates seasonally.

Learn more about inventory at

brainly.com/question/24868116

#SPJ4

8 0
1 year ago
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