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
Darina [25.2K]
3 years ago
6

Lee and Pat are married taxpayers living in Louisiana. Lee earns wages of $40,000 and has $5,000 of dividend income from separat

e property. Lee and Pat have interest income from community property of $10,000. If Lee and Pat file separate income tax returns, what amount of income must be included on Lee's separate tax return?
Business
1 answer:
Mamont248 [21]3 years ago
5 0

Answer:

$27,500

Explanation:

Data provided in the question:

Wages earned by the Lee = $40,000

Dividend income from separate property = $5,000

Interest income from community property = $10,000

Now,

The amount of income that must be included on Lee's separate tax return

= 50% of [Wages earned + Dividend income + Interest income ]

= 0.50 × [ $40,000 + $5,000 + $10,000 ]

= 0.50 × $55,000

= $27,500

You might be interested in
Which of the following BEST describes a mission? an objective that a business hopes and plans to achieve the shared experiences,
nevsk [136]

Answer:

An organisation statement on how it will achieve its purpose in the environment in which it conducts business.

Explanation:

A mission statement can be defined as a statement which explains the reasons for an organisation existence, it also explains what a business aims to achieve at a long-run.

All organisations have their different mission statements which clearly defines the purpose of the business. It is used to create a form of direction and also motivation to the various employees of the organisation.

Mission statements serves as a guide that enables the organisation to achieve their objectives and goals, It also helps in the planning of future aspirations.

4 0
3 years ago
Alfonzo's Italian House has 25,000 shares of stock outstanding with a par value of $1 per share and a market price of $36 a shar
Liono4ka [1.6K]

Answer:

$18

Explanation:

6 0
2 years ago
A company is assessing opportunities in the BRIC companies and determines that _________ is one of the youngest populations in t
romanna [79]

Answer:

India is one of the youngest Nation in the world

Explanation:

The countries that fall under the BRICs (Brazil, Russia, India and China), will have large tendency to shape the future of world because these countries are growing with greater GDP growth rates.

India is the one of the youngest nation with having its 27% population living below 27 years. The generation has opted to technological advances which suits most of the companies to move here. The human resource here is available at low cost and the free trade agreement of India with a lot of countries has helped it to equip its resources to maximum which is the reason it has 7.6 GDP growth rate.

There is increased demand for infrastructure development, basic needs provision and many other commodities. So this makes India an attractive market with a well diversified people taste because a lot of civilizations are living and burried here.

5 0
3 years ago
You have your choice of two investment accounts. Investment A is a five-year annuity that features end-of-month $2,500 payments
oee [108]

Answer:

$119,176.06

Explanation:

Calculation for How much would you need to invest in B today

First step is to calculate the Future value of annuity (FVA)

FVA =$2,500 * ({[1 + (.115 / 12)](5 × 12) - 1} / (.115 / 12))

FVA = $201,462.23

Since we have known the FVA Second Step will be to calculate the Present value (PV)

PV = $201,462.23 × e-1 × .105 × 5

PV= $119,176.06

Therefore the amount that you would need to invest in B today will be $119,176.06

5 0
3 years ago
In​ Japan, it's called kuroi kiri​ (black mist); in​ Germany, it's schmiergeld​ (grease money), whereas Mexicans refer to la mor
givi [52]

Answer:

Providing buyers with​ "gifts" to secure business

Explanation:

When gifts are illegally given to obtain a favor it is called bribery.

Bribery is the giving, receiving, offering, or asking for any item of value in order to influence actiins of a party.

Bribery is a criminal act where both the giver and receiver of bribes are guilty. Also bribe doesn't have to be given or received before on is guilty, when an offer is made the personaking the offer is already guilty of bribery.

4 0
3 years ago
Other questions:
  • QN=17 P&G introduced its Duncan Hines ready-to-spread frosting in a small geographic area. When General Foods became aware o
    13·1 answer
  • Which of these transactions occurring in 2011 would contribute to gdp for 2011?
    14·1 answer
  • What is one advantage and one disadvantage of the global economy for American workers?
    7·1 answer
  • A forecasted workload and a recommended care standard determine the:
    5·1 answer
  • The cost of direct materials transferred into the Bottling Department of Mountain Springs Water Company is $538,900. The convers
    12·1 answer
  • Which of the following statements is correct?
    5·1 answer
  • To help maintain a competitive advantage, the emphasis for most companies is on _____.
    14·1 answer
  • New technology in ________ allows producers to use materials from all over the world to manufacture goods.
    9·2 answers
  • Peng Company is considering an investment expected to generate an average net income after taxes of $1,950 for three years. The
    9·1 answer
  • Hey y'all !! Can some body help me out!!
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!