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kati45 [8]
3 years ago
14

• Aiden and Sophia are married and they have always filed Married Filing Jointly.

Business
1 answer:
dem82 [27]3 years ago
7 0

Answer:

5. C

6. C

Explanation:

5. In this year 2020, The most advantageous filing status allowable that Sophia can claim on the tax return is option c :

Which is the Qualifying Widow(er)

This filing status known as the Qualifying widow/widower is applicable to surviving spouses like Sophia who have dependents. The surviving spouse would be able to file taxes jointly with the spouse who is now late.

6. Sophia can deduct a charitable contribution adjustment of option c:

Which is $300

In year 2020, those who are non-itemizers are able to claim up to $300 in an above-the-line income tax deductions for the monetary donations that they made in that year.

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Can you contest a divorce on the very last day?
Citrus2011 [14]
You actually can cause it wasn’t far alone in the relationship
6 0
3 years ago
Read 2 more answers
Rainbow Co. began operations in 2019 and reported $600,000 in income before income taxes for the year. Rainbow’s 2019 tax deprec
cricket20 [7]

Answer:

30.000

Explanation:

Income before taxes  $300,000

Timing difference between books and Tax (A) $100,000

Permanent difference cannot be considered for calculation of Differed tax liability or Deferred tax asset $40,000 (B)  is zero

Total Timing deference (C=A+B)  $100,000

Tax rate enacted for future (D)  30%

<h2>Differed tax liability (C*D)  $30,000 </h2>

<h2></h2>

4 0
3 years ago
Suppose your firm receives a $ 3.2 million order on the last day of the year. You fill the order with $ 1.7 million worth of inv
AURORKA [14]

Answer & Explanation:

<u>a.- Revenues: </u>Increase for 3.2 millions

It will be recognize for the entire order, as it was deliveried entirely within the accounting period.

<u>b.- Earnings: </u> Increase for 1.5 millions

The earnings for the business will be the net between the revenues and expenses.

3.2 revenues - 1.7 expenses = 1.5 earnings

<u>c.- Receivables: </u> Increase for 1.8 millions

It will increase for the unpaid portion ofthe order.

<u>d.- Inventory</u> Decrease for 1.7 millions

It will decrease for the entire cost of the order, as it was within this accounting period both, revenues and the expense related to it, will be recognize.

<u>e.- Cash:</u> Increase for 1.4 millions

It will increase for the amount received from the customer. As it was no payment from the business in the transaction.

5 0
3 years ago
Suppose you held a diversified portfolio consisting of a $7,500 investment in each of 20 different common stocks. The portfolio'
agasfer [191]

Answer:

0.68

Explanation:

A portfolio consists of an investment of $7,500

The amount of common stock is 20

The portfolio beta is 0.65

Suppose one of the stock in the portfolio is sold with a beta of 1.0 for $7,500

The proceeds realized is then used to purchase another stock with a beta of 1.50

The first step is the to calculate the change in beta

Change in beta= 1.50-1

= 0.5

The next step is to divide the change in beta by the number of common stock

= 0.5/20

= 0.025

Therefore, the new beta can be calculated as follows

= 0.65+0.025

= 0.68

Hence the new portfolio's beta is 0.68

4 0
3 years ago
Will a u.s. treasury bill have a risk premium that is higher than, lower than, or the same as that of a similar security (in ter
aleksklad [387]

A U.S. Treasury bill will have a lower risk premium since U.S. government-issued securities are usually considered to be default free.

In comparison to a company bond with a Baa rating, a company bond with a score will have a higher risk premium on its interest. While compared to corporate bonds with a Baa rating, the C grade bond has a higher default risk, which reduces demand and increases interest rates.

The equity risk premium enables to set portfolio go back expectancies and decide asset allocation. A better top rate implies that you might make investments a greater percentage of your portfolio into shares. Capital asset pricing also relates a inventories anticipated go back to the equity premium.

Learn more about company here: brainly.com/question/24448358

#SPJ4

7 0
2 years ago
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