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Blizzard [7]
3 years ago
15

Someone help me in my homework please?

Business
1 answer:
aniked [119]3 years ago
3 0

Answer:

im sorryi wish i was good at math

Explanation:

im failing math btw

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In its first tax year, the Vasquez Estate generated $50,000 of taxable interest income and $30,000 of tax-exempt interest income
olasank [31]

Answer:

b)

i) Subtotal the income shown on lines 1 through 8 of Form 1041 and add the tax-exempt income from line 1 in “Other Information” on the back of the return to arrive at total income.

Total Income = Taxable income + Non-taxable income

= $50000 + $30000

= $80000

ii) Divide the total income by the total taxable income and multiply the results by the total fiduciary fees.

= ($80000/$50000)*8000

=$12800

iii) Take the deductible fees on line 12 and subtract the balance from the total tax-exempt income to arrive at the adjusted tax-exempt income.

= $30000 - ($12800-8000)

= $25200

Subtotal the income shown on lines 1 through 8 of Form 1041 and add the tax-exempt income from line 1 in “Other Information” on the back of the return to arrive at total income.

Divide the total income by the total taxable income and multiply the results by the total fiduciary fees.

Take the deductible fees on line 12 and subtract the balance from the total tax-exempt income to arrive at the adjusted tax-exempt income.

Place that number on Schedule B, line 2.

Explanation:

5 0
3 years ago
What is the opportunity cost of studying for an important exam
Setler [38]
What ? Getting a good grade I guess or $20 for A+
5 0
3 years ago
What are new guidelines issued by GAAP for consolidating entities
Brut [27]
Consolidation Rules Under GAAP

The general rule requires consolidation of financial statements when one company’s ownership interest in a business provides it with A MAJORITY OF the voting power- meaning it controls more then 50% of the voting shares
6 0
3 years ago
Presented below is information related to the purchases of common stock by Flint Company during 2020. Cost (at purchase date) Fa
Alona [7]

Answer:

Solution attached in picture

Explanation:

5 0
3 years ago
Lisa is choosing between three alternatives: a) working at her job that pays 60 dollars; b) writing a term paper which she value
Mkey [24]

Answer:

c. 80 dollars.

Explanation:

Opportunity cost represents the next best alternative missed.  It is the forfeited benefits arising from choosing one option over the others. Opportunity cost is expressed as a value or the worth of the forgone alternative.

Lisa's opportunity cost is $ 80.  She has valued going out with her friend at $ 80, which is the highest value amongst her three choices. Since she can not engage in all the three activities at the same time, the next best alternative to writing her exam is the opportunity cost.

7 0
3 years ago
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