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MaRussiya [10]
2 years ago
14

Julie, a single taxpayer, has completed her 2018 Schedule C and her net loss is $40,000. Her only other income is wages of $30,0

00. Julie takes the standard deduction of $12,000 in 2018.
a. Calculate Julie's taxable income or loss
b. Calculate the business and nonbusiness portions of her taxable income or loss.
Business: $______ (loss)
Nonbusiness: $_____(loss)
c. Determine Julie's 2018 NOL.
$_____
Business
1 answer:
arsen [322]2 years ago
4 0

Answer: See Explanation

Explanation:

a. Calculate Julie's taxable income or loss

This will be calculated as:

Wages - Business loss - Standard deduction

= $30000 - $400000 - $12000

= -$22000

There's a taxable loss of $22000

b. Calculate the business and nonbusiness portions of her taxable income or loss

The business loss will be the difference between the wages and the net loss which will be:

= $30000 - $40000

= -$10000

The non business loss is $12000 which is the standard deduction.

c. Determine Julie's 2018 NOL

The net business loss is $10000

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The difference between the identification of the stakeholders and the impact of ethical decision-making on the stakeholders is that <u>A. as the firm identifies the </u><u>stakeholders</u>, it must anticipate which ones will be most affected by the decision being made.

<h3>What is ethical decision-making?</h3>

Ethical decision-making involves the evaluation and choice of the best alternatives that are consistent with the organization's ethical principles.

In making ethical decisions, the organization should eliminate unethical options so as to select the best ethical alternatives.

<h3>Answer Options:</h3>

A. as the firm identifies the stakeholders, it must anticipate which ones will be most affected by the decision being made.

B. after a firm identifies the stakeholders affected, it must then consider the future implications of the decision being made.

C. a firm only needs to identify the stakeholders affected if feedback from the monitoring and assessing step indicates there is a need to do so.

D. a firm only needs to consider the impact of the decision if the stakeholders identified indicate there is a need to do so.

E. before a firm identifies the stakeholders affected, it must first consider the future implications of the decision being made.

Hence, <u>Option A.</u> is correct.

Learn more about ethical decision-making at brainly.com/question/5244016

7 0
2 years ago
Suppose that Larimer Company sells a product for $24. Unit costs are as follows:
MrMuchimi

Answer:

Unitary variable cost= $8.08

Contribution margin= $15.92

Explanation:

Giving the following information:

Direct materials $4.98

Direct labor 2.10

Variable factory overhead 1.00

The variable cost per unit is the sum of direct material, direct labor, and variable overhead.

Unitary variable cost= 4.98 + 2.1 + 1= $8.08

The contribution margin per unit is the difference between the selling price and the unitary variable cost:

Contribution margin= 24 - 8.08= $15.92

6 0
3 years ago
Given the following, calculate total manufacturing costs: Direct materials: $40,000; Direct labor: $100,000; Manufacturing overh
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Answer:

cost of goods manufactured= $278,000

Explanation:

Giving the following information:

Direct materials: $40,000

Direct labor: $100,000

Manufacturing overhead applied: $120,000

Beginning Work in process inventory: $30,000

Ending Work in process inventory: $12,000

<u>To calculate the total manufacturing costs, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 30,000 + 40,000 + 100,000 + 120,000 - 12,000

cost of goods manufactured= $278,000

4 0
3 years ago
What are the pros and con's for the arrive alive campaign?
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The Arrive Alive campaign was launched to prevent road accidents or at least lessen the instances of accidents due to drunk driving and reckless driving.

The advantages of this campaign are:

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2. It educates drivers on the rules and safe acts when on the road. 

The disadvantages of this campaign are:

1. It does not completely eliminate the risk of accidents due to drunk and reckless driving. It merely 'educates' the drivers about safe acts. 
2. It still allows the drivers to drink and drive but at 'allowable alcohol level' which does not help at all.

In the end, the Arrive Alive campaign failed. 
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3 years ago
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Are responsible for verifying accuracy of their organization''s internal records and validating the accounting procedures.
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INTERNAL AUDITORS are responsible for verifying accuracy ..........................
The activities performed by the internal auditors help a company to achieve its goals by employing a systematic and disciplined approach to evaluate and improve the effectiveness of risk management, control and governance.<span />
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