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sveticcg [70]
3 years ago
14

Bruno and Diana are trying to calculate their gross income. Which of the following items should they exclude from their gross in

come? 1. $15,000 gift from Diana’s mother for the down payment of their new house. 2. $20,000 borrowed by Bruno and Diana from First City Bank. 3. $12,000 increase in value of Delta stock, which they own in their brokerage account. 4. $53,000 worth of home repair work that was exchanged for tax work by Bruno.
Business
1 answer:
arsen [322]3 years ago
4 0

Answer: $15,000 gift from Diana’s mother for the down payment of their new house

Explanation: under the US code 102- Gifts and other inheritances. Gross income does not include the value of property acquired by gift. Money given as gifts to purchase a property are not taxable.

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Antoine is proud of his team of warm, knowledgeable, and ethical recruiters at Luvia Insurance. They are sure to give realistic
hoa [83]

Answer: Candidates are not getting timely feedback about their applications.

Explanation:

From the information provided in the question, we realize that Antoine has a team of knowledgeable, and ethical recruiters at Luvia Insurance.

Despite this, Antoine observed that the number of applicants who accept offers has reduced and he realized that developed an unfavorable opinion of Luvia Insurance.

The most likely reason for this is that the candidates do not getting timely feedback about their applications. In a case whereby this occurs, the applicants would go to other companies who have reviewed their applications quicker and they've gotten a feedback from on time.

7 0
4 years ago
The first step in the screening process for potential markets and sites is to a. Identify the basic appeal of a market b. Select
koban [17]

C. The first step in the screening process for potential markets and sites is to identify the basic appeal of a market.

Identifying whether there is a fundamental demand for a business's product is the first step in looking for potential markets. screening process  plays a key role in determining this fundamental appeal.

Then it also helps in choosing where to market or produce goods would be simple if all countries' business environments were the same. Managers could rely on statistics that track the state of the local economy and examine projected returns on investments.

To learn more about screening process refer here:

brainly.com/question/28099572

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6 0
1 year ago
The ________, published by the Department of Labor, lists more than 20,000 job titles and descriptions and serves as a useful to
matrenka [14]

Answer:

Dictionary of Occupational Titles

Explanation:

The answer is the Dictionary of Occupational Titles because this is a document created by the United States Department of Labor in which it establishes a big amount of different jobs in many areas and what they involve to help employers and the government to be able to define them in their organizations.

6 0
3 years ago
Required information Problem 4-33 (LO 4-1) (Algo) [The following information applies to the questions displayed below.] Nitai, w
zhannawk [14.2K]

Answer:

a-1. Strictly considering tax factors, should Nitai work or repair his car if the $420 he must pay to have his car fixed is not deductible?

  • Work

a-2. Given the answer in a-1 above, by how much is Nitai better or worse off?

  • If Natia works during the weekend, he will have $42 more than if he repairs his car.

Explanation:

additional revenue generated by working on weekend = $525 x (1 - 12%) = $462

cost of repairing the car at Autofix = $420

net benefit of working during the weekend = additional revenue - cost of repairing the car at Autofix = $462 - $420 = $42

7 0
3 years ago
Eastport Inc. was organized on June 5, 2018. It was authorized to issue 300,000 shares of $10 par common stock and 50,000 shares
exis [7]

Answer:

A) Cash (debit) 180,000; Common stock (credit) 150,000; Additional paid-up capital-common stock (credit) 30,000 - Debit - Credit = 0

B) Cash (debit) 255,000; Preferred stock (credit) 250,000; Additional paid-up capital-preferred stock (credit) 5,000 - Debit - Credit = 0

C) Cash (debit) 900,000; Common stock (credit) 600,000; Additional paid-up capital-common stock (credit) 300,000 - Debit - Credit = 0

Explanation:

In Eastport Inc.´s case all 3 situations are similar, shares (Stockholders´Equity) increased, so credits in 4 accounts, according to the type of shares that are issued, must be registered: Common stock, Preferred stock, Additional paid-up capital-common stock, Additional paid-up capital- preferred stock. We will recognize the par value and stated value of the shares and the difference between this and the price paid by shareholders will be recognized as additional paid-up capital. Also, cash (Asset) is received as payment for the shares so a debit must be registered in the account Cash.

8 0
3 years ago
Read 2 more answers
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