Answer:
a. The amounts that are included in Ralph's gross income this year if a tenant signs lease 1 on December 1 and makes timely payments under that lease
= $8,640
b. The amounts that are included in Ralph's gross income this year if the tenant signs lease 2 on December 31 and makes timely payments under that lease:
= $7,920
c. The amounts that are included in Ralph's gross income this year if the tenant signs lease 3 on November 30 and makes timely payments under that lease:
= $10,080
Explanation:
a) Data and Calculations:
Leases: Lease Payments Security Remarks
Deposit
Lease 1 Monthly rent = $720 $720 Refundable at the lease end
Lease 2 Yearly rent = $7,920 None None
Lease 3 Monthly rent = $720 $1,440 Non-refundable; last months' rent
1) The amounts that are included in Ralph's gross income this year if a tenant signs lease 1 on December 1 and makes timely payments under that lease
= $720 * 12 = $8,640
2) The amounts that are included in Ralph's gross income this year if the tenant signs lease 2 on December 31 and makes timely payments under that lease:
= $7,920
3) The amounts that are included in Ralph's gross income this year if the tenant signs lease 3 on November 30 and makes timely payments under that lease:
= ($720 * 12) + $1,440
= $8,640 + $1,440
= $10,080
b) Since Ralph is a cash-method taxpayer, the amounts of lease rents that are included in his gross income equal the total amounts received in the calendar-year.
This statement is false. It is difficult to find and train high quality personnel for DC operations.<span />
Answer: Peripherals.
Reasoning: It is a device used to put information in and get information out of a computer or PC
A person's annual income is $40,000. She subtracts $2,000 for donations to charity. If she is also given a $3,000 tax credit, her total income would be $38,000.
<h3>What is the tax credit?</h3>
Tax credits are financial incentives that let some taxpayers deduct their accumulated credits from the total amount they repose on the state.
It can also be called as a “discount” that is offered by the state in some circumstances, or a credit given in recognition of prior tax payments. It is not considered as a part of person's income.
The person's gross income would be $38,000 ($40,000 – $2000), here, the Gross Income does not include the deduction, this is considered in the Net taxable income.
Learn more about the tax, refer to:
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Answer:
$7.8
Explanation:
Variable costs = $504,000
Fixed costs = $392,000
Number of units produced = 84,000
Shipping charges = $4,500
Therefore, the variable cost per unit is calculated as follows:
= Variable costs ÷ Number of units produced
= $504,000 ÷ 84,000
= $6 per unit
Incremental fixed cost per unit (For 2,500):
= Shipping cost ÷ 2,500
= $4,500 ÷ 2,500
= $1.8 per unit
Therefore, the unit sales price will be the sum total of variable cost per unit and incremental fixed cost per unit for the shipping charges.
BEP (in sales price per unit):
= Variable cost per unit + incremental fixed cost per unit
= $6 + $1.8
= $7.8
