1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ludmilkaskok [199]
3 years ago
14

P is self-employed and owns an individual disability income policy. he becomes totally disabled on june 1 and receives $2,000 a

month for the next 10 months. how much of this income is subject to federal income tax?
Business
1 answer:
klemol [59]3 years ago
6 0
The benefits received from an individual disability insurance policy is not subject to federal income tax.

From what I've read in various online articles, <span>individual disability income insurance benefits are tax free because you have already paid for tax. The premiums you pay are from after-tax dollars. This means that taxes required on insurance disability benefits have already been paid prior to the benefits given. </span>
You might be interested in
Paolo and Isadora Shaw are married, file a joint tax return, and have one dependent child, Dante. The Shaws report modified AGI
almond37 [142]

Answer:

2500

Explanation:

6 0
3 years ago
" Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $30,000 and has ca
Gre4nikov [31]

Answer:

A) Lanni takes out a bank loan. It receives $50,000 in cash and signs a note promising to pay back the loan over three years.  FINANCIAL ASSET CREATED: when the loan was received, a financial asset was created. Money is exchanged for a promissory note.

B) Lanni uses the cash from the bank plus $20,000 of its own funds to finance the development of new financial planning software.  REAL ASSET CREATED: when the software was developed, a real asset was created. Money was invested in developing the software.

C) Lanni sells the software product to Microsoft, which will market it to the public under the Microsoft name. Lanni accepts payment in the form of 1,500 shares of Microsoft stock.  FINANCIAL ASSET CREATED: when the software was traded, a financial asset was created. A real asset was traded in exchange for financial assets.

D) Lanni sells the shares of stock for $80 per share and uses part of the proceeds to pay off the bank loan." FINANCIAL ASSET DESTROYED: when the loan is paid back, the financial asset (loan) ceases to exist. When the money is paid back to the bank, the loan and the promissory note cease to exist.

5 0
3 years ago
Georgie is taking a chemistry class, where different liquids must be combined in specific amounts in order to produce an end pro
deff fn [24]

Answer:  d.       formal operational

Choices given in the question are:

a.      Latency

b.       trust vs. mistrust

c.        concrete operational

d.       formal operational

Georgie exhibits the major characteristics of a formal operational stage of cognitive development as per Piaget. This stage is characterized by the individual able to think abstractly and understand the form or structures of a problem. Georgie understands that in the experiment,  he must combine specific amounts of each ingredient and not just pour in them to create the right mixture

8 0
3 years ago
A new Accenture client is looking for a platform that will help them in hiring for critical roles and decreasing attrition. Whic
Leto [7]

Answer:

SynOps

Explanation:

The Accenture SynOps client may be described as a tools which leverages the combined capability of humans and machines by taking advantage of insights generated from data in an Artifical intelligent powered programs in other or deliver on smart and intelligent Decisons. The collaborative effort or humans, in this case human resource professionals and Artifical intelligence which has been developed within the SynOps Accenture client, will enable the client to make intelligent calls or Decisons from data made available to ensure that the best candidates are selected.

3 0
3 years ago
Connor and demi are employees of ecocrop corporation. under the equal pay act, ecocrop can legitimately pay different wages on t
mylen [45]

Connor and demi are employees of Eco crop corporation. under the equal pay act, Eco crop can legitimately pay different wages on the basis of seniority.

What is a Wages?

A wages is the amount of money that an employer agrees to pay a worker in exchange for their services. Actual earnings come in a variety of forms, including the following:

  • Piece rates are the remuneration given in accordance with the job completed by the employee. The quantity of units generated by the employee is taken into account while calculating the piece rate.
  • Time earnings are earned when a worker is compensated for his or her labor in accordance with the passing of time. For instance, time wages would apply if the worker received 35 rupees  per day.

Learn more about Wages here:

brainly.com/question/15431287

#SPJ4

6 0
2 years ago
Other questions:
  • When a buyer returns merchandise purchased for cash, the buyer will record the transaction as a:____
    10·1 answer
  • In june 2009, when general motors went bankrupt, ______ became its majority stock holder.
    10·1 answer
  • In which economic system does the government own most of the factories, equipment, and agricultural lands?
    10·1 answer
  • If the number of unemployed workers is 19 million, the number in the working-age population is 2) 500 million, and the unemploym
    12·1 answer
  • Millie withdraws $1,000 from her checking account so she can have $1,000 in cash. If no other changes occur, M1 will
    6·1 answer
  • started with total assets of and total liabilities of . At the end of ​, total assets stood at and total liabilities were . Requ
    10·1 answer
  • Public relations if often meant to do what?
    10·1 answer
  • Advertisements masquerade as media content by
    14·1 answer
  • The risk-free rate is 2.2 percent and the market expected return is 11.9 percent. What is the expected return of a stock that ha
    5·1 answer
  • quizlet The Electronic Frontier Foundation is critical of media companies for their efforts to __________.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!