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
Novosadov [1.4K]
3 years ago
10

Last year, Aleshia identified $4,400 as a nonbusiness bad debt. In that tax year before considering the tax implications of the

nonbusiness bad debt, Aleshia had $8,800 of taxable income, of which $3,080 consisted of short-term capital gains. This year, Aleshia collected $3,696 of the amount she had previously identified as a bad debt. Determine Aleshia's tax treatment of the $3,696 received in the current tax year.
Business
1 answer:
zubka84 [21]3 years ago
6 0

Answer:

The amount of $3,696 would be involved in her gross wage

Explanation:

The computation of the tax treatment is as follows

Since in the question it is mentioned that the amount of $3,696 amount was collected that identified as a bad debt so the amount of $3,696 would be involved in her gross wage

Therefore the same is to be considered

And, the rest of the information i.e. given are to be ignored

You might be interested in
Through it is seen as a last resort, bankruptcy allows a consumer to
Blizzard [7]
My credit was recently improved by keinetcybertechnologies AT gmail . com to 820 . A friend referred them to me and now I am able to get a loan. I recommend them to anyone with credit issues.
6 0
4 years ago
In 2019, Dan transferred 5-year property to Fleck Corp. in a tax-deferred Section 351 transaction. Fleck took Dan's adjusted bas
irina1246 [14]

Answer:

The property will be depreciated using the remaining 3 years of its life after the tax-free incorporation transfer year.  This is because Dan had already depreciated the property for 2 years before the transfer.

Explanation:

Sec. 351 allows a tax-free incorporation transfer if certain requirements are met, including that the property must be transferred to Fleck Corporation by Dan in exchange for stock in Fleck Corporation, and, immediately after the exchange, the Fleck Corporation is in control.

7 0
3 years ago
In conducting their research, economists often substitute historical events and historical episodes for
podryga [215]

Answer:

b. laboratory experiments.

Explanation:

Laboratory experiments -

It refers to the practice of an experiment in a appropriate and controlled condition , is referred to as the laboratory experiments .

In this case , the experiment involve some standard conditions , which are necessary for the experiment to occur  .

Hence , from the given information of the question,

The correct option is laboratory experiments.

8 0
4 years ago
A homeowner has $80,000 of principal left to pay on her mortgage. Her home has just been appraised at $156,000, which is $13,000
abruzzese [7]

Answer:

$76,000

Explanation:

Data provided in the question:

Principal amount left to pay on mortgage = $80,000

Appraised value of the home = $156,000

Now,

The equity she is having in her home in her home will be

= Appraised value of the home - Principal amount left to pay on mortgage

or

The equity she is having in her home in her home = $156,000 - $80,000

or

The equity she is having in her home in her home = $76,000

7 0
3 years ago
When the Fed sells securities, the total funds of commercial banks ____ by the market value of the securities sold by the Fed. T
Colt1911 [192]

Answer:

The correct answer is decrease; tightening.

Explanation:

If the FED reduces the money supply, it can cause interest rates to rise and credit conditions to tighten. If there is no change in the demand for money, the effect of reducing the money supply is said to lead to higher interest rates. For its part, another effect is to decrease the volume of loans made.

5 0
3 years ago
Other questions:
  • EuroRail and Swiss Rail are hypothetical railways that have a duopoly on the route that connects the cities of Zurich and Munich
    15·1 answer
  • The inventory system whereby the merchandise inventory account balance is merely a record of the most recent physical inventory
    9·1 answer
  • Net worth is the difference between a firm's assets and its liabilities. <br> a. True <br> b. False
    8·1 answer
  • The largest country in the eu, in terms of population,
    15·1 answer
  • Human Resource Consulting (HRC) surveyed a random sample of 60 Twin Cities construction companies to find information on the cos
    10·1 answer
  • Trading securities were purchased for $100,000. Initially the investment climbed in value to $125,000. By year's end, it had dec
    15·1 answer
  • During a drought in the southeastern United States, marketing campaigns were implemented to encourage consumers to use less wate
    7·1 answer
  • Blank is the only way to reduce sleepiness?
    9·1 answer
  • You are an experienced manager, and you fortunately have the ability to use all four managerial styles: directing, coaching, sup
    12·1 answer
  • Which of the following is an example of an effective persuasive speech topic for a group of elementary school children?
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!