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yuradex [85]
2 years ago
5

Bill and Jane Jones were divorced on January 1, 2018. They have no children. In accordance with the divorce decree, Bill transfe

rred the title of their house over to Jane. The home had a fair market value of $250,000 and was subject to a $100,000 mortgage. Under the divorce agreement, Bill is to make $1,000 monthly mortgage payments on the home for the remainder of the mortgage. In the current year, Bill made 12 mortgage payments. What amount is taxable to Jane in the current year
Business
1 answer:
TiliK225 [7]2 years ago
4 0

Answer: $0

Explanation:

Based on the information given in the question, the amount that is taxable to Jane in the current year will be $0.

We should note that there'll be no deduction made for the payments made since the settlement with regards to the divorce agas already provided for the payment. The payments in this case aren't included in the gross income of the person that'll collect the payment.

Therefore, the answer is $0.

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James worked for an automobile plant that has now closed, as the parts produced are no longer needed. Which type of unemployment
Zanzabum

Answer:

"Structural Unemployment"

Explanation:

According to my research on the different types of unemployment that exist in the United States, I can say that the unemployment type described in the question is called "Structural Unemployment". This is an unemployment type that is caused by industrial reorganization, usually this happens when the industry adds new technology that can do certain employees jobs the same or better than them

unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand.

4 0
3 years ago
If the Mount Lemmon fire district attempts to implement age diversity initiatives, but these initiatives are defeated because th
statuscvo [17]

Answer:

Explanation:

fears of reverse discrimination

8 0
2 years ago
Klein Cosmetics has a profit margin of 5.0%, a total assets turnover ratio of 1.5 times, a zero debt ratio and therefore an equi
arsen [322]

It is true that this change would probably be a good move, as it would increase the ROE from 7.5% to 13.5%.

<u>Explanation:</u>

Equity multiplier is calculated by dividing the total assets of a company to shareholder’s equity of an organization. If a company has not raised any debt, then such company would be having equity multiplier equal to 1. t is a leverage ratio.

Return on equity is another financial measure to calculate the return. It is calculated by dividing the net income of a company to the shareholder’s equity. It directly shows the amount that a company is earning on its money invested by the equity shareholders.

3 0
3 years ago
Suppose that Spain and Denmark both produce rye and wine. Spain's opportunity cost of producing a bottle of wine is 5 bushels of
34kurt

Explanation:

By comparing the opportunity cost of producing wine in the two countries, you can tell that Spain has a comparative advantage in the production of wine and Denmark has a comparative advantage in the production of rye.

Spain can gain from specialization and trade as long as it receives more than 5 of rye for each bottle of wine it exports to Denmark. Similarly, Denmark can gain from trade as long as it receives more than 1/10  of wine for each bushel of rye it exports to Spain.

The terms of trade (that is, price of wine in terms of rye) would allow both Denmark and Spain to gain from trade :

9 bushels of rye per bottle of wine

8 bushels of rye per bottle of wine

6 0
3 years ago
If an organization wishes to comply with the law and still increase the diversity of its workforce, it should ___________. selec
Mama L [17]

Answer:

The answer is use recruitment as a tool for attracting a more diverse and qualified applicant pool.

Explanation:

When it comes to increasing diversity in a company based on race, gender, sexual orientation and other demographic characteristics, the best way for a company to do this would be recruiting external candidates. De-emphasizing KSAO selection processes should be avoided because it would lead to a decrease in workforce quality in terms of their abilities to complete the job that they were hired for. Using subjective prediction methods should not be employed in the first place because it would instead create a possible avenue for a lawsuit.

6 0
3 years ago
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