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Doss [256]
3 years ago
14

Juan is a nursing student from Peru who first arrived in F-1 immigration status on September 1, 2019. He does not have a tax ide

ntification number and he did not work or receive a scholarship in 2020, but had $90 interest income from his U.S. savings account his parents set up for him to pay for school and his living expenses. Juan must file a Form 1040-NR and Form 8843 by April 15, 2021.
a. True
b. False
Business
1 answer:
kolezko [41]3 years ago
3 0

Answer:

True

Explanation:

Form 1040 NR is a document that is filed by U.S. residents. The taxable income is filled in the document to identify tax paynment or refund. Juan is student and he is dependent on the interest income that comes from the saving which is by their parents earnings. The interest income saves the tax and there will be refund on this income. Juan should file the 1040-NR document.

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7 0
3 years ago
An investment has the following characteristics:ATIRRP: After-tax IRR on total investment in the property: 9.0%BTIRRE: Before-ta
Strike441 [17]

Answer:

Option (A) is correct.

Explanation:

Given that,

After-tax IRR on total investment in the property = 9.0%

Before-tax IRR on equity invested = 17%

Before-tax IRR on total investment in the property = 12%

t: Marginal tax rate = 0.40

Break Even Interest rate (neither favorable nor unfavorable):

= After tax IRR on total investment ÷ (1 - Tax rate )

= 9% ÷ (1 - 0.40)    

= 9% ÷ 0.60

= 15%

7 0
3 years ago
Sandy, the manager of the accounting department of the business where she works, is going on vacation for two weeks. During a st
Butoxors [25]

Answer:

c.She has distributed power in the organization by delegation.

Explanation:

Delegation is the act of transferring responsibilities by a person with authority to another person. It is the action of a person with authority assigning another person their duties temporarily. Delegation in an organization is only one way, from a senior officer to their junior. It can happen at any level in the management hierarchy.  

Delegating duties will involve the transfer of limited powers. In the case of Sandy, she has delegated her duties to other staff members. She has given them powers to respond to questions on her behalf. Even though Sandy will not be performing her duties, she is still responsible for what happens while she is away.

The delegating authority must ensure they delegate only to people with the ability to perform the assigned tasks. They must also supervise the work they have handed over.  

6 0
3 years ago
Insider trading is seen as a threat to the functionality of the financial markets. Write a short paragraph describing why this i
loris [4]

Answer:

insiders can cheat the market.

Explanation:

They can do things on the inside to make a stock go up or down. this can be an advantage to buying in low and selling high. Elon Musk did something similar, (put this in your answer for a kick) as he used his social influence to lower his stock, by saying its "overpriced" making people sell it. when the stock fell, more investors used the buying in low strategy, and he split the stock to allow smaller investors to buy into the stock, giving him 8 BILLION dollars in one market day. (I LOVE THE STOCK MARKET, IF YOU WANT TO LEARN POST A COMMENT AND I WILL TEACH YOU A LOT!!)

5 0
2 years ago
DAE Parts Shop began business on January 1, 2019. The corporate charter authorized issuance of 20,000 shares of $5 par value com
andrew-mc [135]

Answer:

c. increase of $300,000

Explanation:

The autorized shares do not increase the equity of the firm. The firm generaes equity when the shares are issued. Therefore, we should consider January 2nd issuance:

12,000 common shares x $25 =   300,000 total proceeds

face value: 12,000 common x $5 = 60,000 face value

additional paid-in                           240, 000

5 0
2 years ago
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