Change agentry may be an especially useful technique for

Hall, a divorced person and custodian of her 12-year-old child, filed her 2021 federal income tax return as head of a household.

Alekssandra [29.7K]

The $2000 contribution to an IRA should be treated as an An adjustment to income in arriving at adjusted gross income.

<h3>The reason Hall has to go with this option</h3>

The individuals that are not in a retirement plan of a company have the option of deducting their cash contributions to their own retirement accounts.

They are able to do this given that the money is 6000 dollars or a hundred percent of their gross income.

Taxes are not paid on interest in this type of account till the earnings from the retirement plan is distributed.

Read more on deductibles here: brainly.com/question/5306277

8 0

2 years ago

Ticker Services began operations in 2015 and maintains long-term investments in available-for-sale securities. The year-end cost

Inessa05 [86]

Answer:

1.

Dec. 31, year 1

Dr Fair value adjustment – AFS (LT) 11,140

Cr Unrealized gain – Equity 11,140

2.

Dec. 31, year 2

Dr Fair value adjustment – AFS (LT) 16,160

Cr Unrealized gain – Equity 16,160

3

Dec. 31, year 3

Dr Fair value adjustment – AFS (LT) 73,000

Cr Unrealized gain – Equity 73,000

4.

Dec. 31, year 4

Dr Unrealized loss – Equity 3,600

Cr Fair value adjustment – AFS (LT) 3,600

Explanation:

General journal for Ticker Services

1.

Dec. 31, year 1

Dr Fair value adjustment – AFS (LT) 11,140

Cr Unrealized gain – Equity 11,140

($372,000 $360,860)

2.

Dec. 31, year 2

Dr Fair value adjustment – AFS (LT) 16,160

Cr Unrealized gain – Equity 16,160

(455,800-428,500) -11,140

3.

Dec. 31, year 3

Dr Fair value adjustment – AFS (LT) 73,000

Cr Unrealized gain – Equity 73,000

(700,500-600,200)-(455,800-428,500)

100,300-27,300=73,000

4.

Dec. 31, year 4

Dr Unrealized loss – Equity 3,600

Cr Fair value adjustment – AFS (LT) 3,600

(700,500-600,200) -(876,900 -780,200)

100,300-96,700

3,600

5 0

2 years ago

How does soap work? A. Creates a sheetlike microscopic barrier between the skin and microorganisms in the environment B. Emulsif

Elina [12.6K]

Answer:

Your answer is going to be c.

Explanation:

as soap is meant to wash away germs it has to first kill them.

4 0

3 years ago

2. The European Union and the United States are trading partners. (a) If the current account balance is zero, will an increase i

nalin [4]

Answer: Deficit

Explanation:

The current account shows the difference between imports and exports as well as net income from outside.

If this balance is zero, it means that imports are equal to exports and income sent abroad equals income recovered from abroad.

If real income in the US was to increase, people would demand more goods and services including more imports. This will shift the current account to a deficit as the imports will surpass the exports.

3 0

3 years ago

Which of the following ways of investing/saving is the most liquid?

charle [14.2K]

Savings accounts is the most liquid

5 0

3 years ago