The trial period is called the probationary period. Typically last 90 days & the employee as well as the employer can end the work relationship without reason or cause. Sometimes the job fit is not right but at least this gives both parties to see how the situation works.
The huge industrial trusts developed in industries such as steel and oil because there was a lot of competition to make the most profit and to be the best factory. Oil was a huge cooperation because it fueled the trains. Smaller bothersome rival companies would join bigger ones to create a monopoly. Standard oil owned by Rockefeller was a vast power and the word trust came to be generally used to describe any large scale business combination. Steel became a large industry for the fact that it was a strong metal that built the trains and tall sky scrappers. Also steel was used to build the transcontinental rail roads The Bessemer process came about which was a method of making cheap steel. It made the economy a more cut throat environment of dog eat dog and became ruthless. The economy was about power and money and was very greedy. Immigrant workers were employed with very low wages and worked laboriously many hours a day. Their effect on the economy was to create large <span>monopolies, their effects were tremendous.</span>
The tax laibility as calculated is $1036.
<u>Explanation:</u>
a.) Carson earnings $14000
Less: the Standard deduction $12000
Taxable income $2000
Tax liability $200
b.) Carson earnings $14000
Qualified dividend income $5000
Gross income $19000
less: Standard deduction $12000
Taxable income $7000
Taxable income taxed at carson rate $2000
($7000 minus $5000)
Ordinary Tax $200
Kiddie Tax is calculated as follows:
Gross unearned income
unearned income $5000
Kiddie tax up to 2600 $260
Kiddie tax for over and above 2600 $576
$836
Total tax liability ($200 plus $836) $1036
Answer:
The answer is: E) None of his salary can be excluded from gross income because Hank must reside overseas for the entire year
Explanation:
According to the IRS's Foreign Earned Income Exclusion (and Requirements) a US citizen can claim up to $105,900 (in 2019) of his gross income to be excluded from gross income in the US only if that person resided in the foreign country for at least 330 days in the last year.
