Answer:
- Income = $10,000
- Adjusted Gross Income (AGI) Deduction = $0
- Claim $10,000 as itemized deduction due to expenses
Explanation:
The activity being a hubby does not exempt it from tax so the $10,000 will be included as income for tax purposes and there will be no deduction for this from the AGI.
She can however, claim her expenses as itemized deductions. There is no tax on interest payment so expenses deducted are:
= 4,000 + 6,500 - 500
= $10,000
Answer: a. True
Explanation:
The simple linear regression model is;
y = mx + c
Where,
y = dependent variable
m is the slope
x is the independent variable
c is the y- intercept
The long-term trend only Least-Squares Regression Model also follows the same format except y becomes Yt and x becomes t.
The long-term trend only Least-Squares Regression Model is therefore the same as a simple linear regression only with different variable terms.
Answer:
d. $255,000
Explanation:
Data provided
Net income = $665,000
Capital budget = $1,025,000
Debt = 60%
The calculation of total dividends is shown below:-
Total dividend (using residual dividend approach) = Net income - Equity
= $665,000 - ($1,025,000 × (1 - 0.60))
= $665,000 - ($1,025,000 × 0.40)
= $665,000 - $410,000
= $255,000
Total dividend to be paid by Torrence Inc. = $ 255,000
Answer: the correct answer is 56% of the original price.
Explanation: Let's say the original price is 100 - (0.20*100) = 80. the price is now 80 with the discount. The new discount is now 80- (0.30*80) =80-24 = 56. If 100 is 100%. How much is 56 of 100 in terms of percentage and the answer is 56%.
Answer: False
Explanation:
While a review of resumé would give some information about the job a physical interview would give a proper insight on the capabilities of the pool of applicants for the job.
So also verbal communication would help you access their strengths and properly allocate them to departments where they would be most efficient if selected.
A resumé wouldn’t give you such opportunities.
