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Nookie1986 [14]
2 years ago
5

Harry is a citizen and resident of Saudi Arabia. During the current year, Harry never visits the United States, nor does he hold

a green card. However, he realized a gain on the sale of Extel Corporation stock, a corporation organized in the United States. The United States does NOT have an income tax treaty with Saudi Arabia. What is the Source of Income and how does the U.S. tax the income
Business
1 answer:
rjkz [21]2 years ago
7 0

Answer:

The source of income is the capital gain realized when Harry sold the stocks of Extel Corporation. Generally, nonresident aliens (like Harry) are subject to a 30% tax on all their US income sources. E.g. if Harry made a capital gain of $1,000 when he sold the stocks, he will need to pay $300 to the IRS.

Some exemptions apply to foreign students, resident aliens or people that work for foreign governments, but Harry doesn't fit in any of these categories.

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Birth certificates, social security cards, and driver's licenses are all examples of _____ that you might need to provide during
klemol [59]
These are examples of D. documentation

Hope this helps!
8 0
2 years ago
Read 2 more answers
On January 1, 2020, the stockholders' equity section of Cheyenne Corp. shows common stock ($4 par value) $1,200,000; paid-in cap
MAXImum [283]

Answer:

The Journal entries are as follows:

On September 1,

(a) Cash A/c [8,500 × $14]                          Dr. $119,000

Excess of paid in capital A/c [8,500 × $1] Dr. $8,500

To treasury stock                                                               $127,500

(To record the treasury shares for cash)

(b) Cash A/c [8,500 × $11]       Dr. $93,500

Excess of paid in capital A/c  Dr. $20,000

Retained earnings A/c            Dr. $14,000

To Treasury stock                                                              $127,500

(To record the restate entry for September 1)

4 0
3 years ago
Gilberto Company currently manufactures 70,000 units per year of one of its crucial parts. Variable costs are $1.80 per unit, fi
AnnZ [28]

Answer:

The company should continue making the unit. It is cheaper than buying by $7,000.

Explanation:

Giving the following information:

Variable costs are $1.80 per unit

fixed costs= $70,000 per year

Purchasing price per unit= $2.90

<u>I will assume that the fixed costs (not allocated) are avoidable.</u>

First, we need to calculate the total cost of making the unit:

Total cost= 70,000*1.8 + 70,000= $196,000

<u>Buying:</u>

Total cost= 70,000*2.9= $203,000

The company should continue making the unit. It is cheaper than buying by $7,000.

7 0
3 years ago
Suppose that a young couple has just had their first baby and they wish to insure that enough money will be available to pay for
tankabanditka [31]

Answer:

$97,331.30

Explanation:

To calculate the amount available on the daughter's 18th birthday the following should be taken into cognisance

First, the yearly deposit increases by 5% every year, therefore year one is $2,000 but year 2 is $2,000 x1.05= $2,100 and continuing like that.

Secondly, the total deposit pre year is calculated as annual deposit for the year (1+interest rate)∧year on a descending basis.

It is therefore as follows;

Years Annual deposit    Total value of deposit including interest

1           $2,000.00            $2,000(1+0.07)∧17= $6,317.63

2           $2,100.00            $2,100(1+0.07)∧16= $6,199.54

3           $2,205.00            $2,205(1+0.07)∧15=$6,083.66

4           $2,315.25            $2,315.25(1+0.07)∧14=$5,969.95

5           $2,431.01            $2,431.01(1+0.07)∧13=$5,858.36

6           $2,552.56            $2,552.56(1+0.07)∧12=$5,748.86

7           $2,680.19            $2,680.19(1+0.07)∧11=$5,641.41

8           $2,814.20            $2,814.20(1+0.07)∧10=$5,535.96

9           $2,954.91            $2,954.91(1+0.07)∧9=$5,432.48

10           $3,102.66            $3,102.66(1+0.07)∧8=$5,330.94

11           $3,257.79            $3,257.79(1+0.07)∧7=$5,231.30

12           $3,420.68            $3,420.68(1+0.07)∧6=$5,133.52

13            $3,591.71            $3,591.71(1+0.07)∧5=$5,037.56

14            $3,771.30            $3,771.30(1+0.07)∧4=$4,943.40

15            $3,959.86            $3,959.86(1+0.07)∧3=$4,851.00

16            $4,157.86            $4,157.86(1+0.07)∧2=$4,760.33

17            $4,365.75            $4,365.75(1+0.07)∧1=$4,671.35

18            $4,584.04            $4,584.04(1+0.07)∧0=$4,584.04

Total     $56,264.77                                                $97,331.30

5 0
3 years ago
Actively sharing HR metrics and workforce analytics information with managers via email is called ________.
ki77a [65]

The correct option is D.

<h3>What are push operations?</h3>

Push Operations is a cloud-based restaurant labor management platform designed to help HR managers and recruiters automate processes for streamlining payroll, time tracking and task scheduling.

<h3>What is e-mail?</h3>

Electronic mail (e-mail) is a computer-based application for the exchange of messages between users. A worldwide e-mail network allows people to exchange e-mail messages very quickly.

E-mail is the electronic equivalent of a letter, but with advantages in timeliness and flexibility.

I understand that the question you are looking for is :

Actively sharing HR metrics and workforce analytics information with managers via e-mail is called push systems of reporting.

a. benchmarking

b. putting HR metrics and analytics data in context

c. bottom line reports

d. push systems of reporting

Learn more about HR metrics on:

brainly.com/question/15586049

#SPJ4

3 0
2 years ago
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