All categories

2 years ago

Schedule 1 (Form 1040), lines 8z and 24z will be used to report other ____________ that do not have their own designated line.

1 answer:

7 0

The lines 8z & 24z in Schedule 1 (Form 1040) are used to report <u>other Income and adjustments</u> that do not have their own designated line.

The Form 1040 is a tax document used by taxpayers to file an annual income tax return.

In the schedule form 1040, the line 8 report other incomes like:

net operating loss
gambling income
cancellation of debt
jury duty
pay prize

In the schedule form 1040, the line 24 report other adjustments like:

housing deduction
attorney fees etc

In conclusion, the lines 8z & 24z in Schedule 1 (Form 1040) are used to report <u>other Income and adjustments</u> that do not have their own designated line.

You might be interested in

As a gardener, Joey earns $19.20 per hour. He earns double time for work on Saturdays. Last week, he worked 25 regular hours plu

erastovalidia [21]

Kdisbzibsisbsisbzosbfjnrnd

5 0

3 years ago

Time warner has different divisions for magazines, movies, recordings, cable television, and so on. the warner bros. part of the

Genrish500 [490]

<span>Since Time Warner has different divisions for different forms of media, it is a business that has multiple operating divisions. Having multiple operating divisions allows them to appeal to a greater audience, thus increasing their sales. More sales means more revenue, which is the main goal of the company.</span>

6 0

3 years ago

According to 1968 research by Ball and Brown, securities markets fully adjust to earnings announcements _______.A. instantlyB. i

Shtirlitz [24]

Answer:

D. gradually over time

Explanation:

According to 1968 research by Ball and Brown, securities markets fully adjust to earnings announcements gradually over time

6 0

3 years ago

Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The

Dafna1 [17]

Answer:

Roanoke Company

The standard direct materials cost per bar of chocolate is:

= $0.33.

Explanation:

a) Data and Calculations:

A batch of chocolate = 1,827 bars

Standard Costs for a batch:

Ingredient Quantity Price

Cocoa 600 lbs. $0.40 per lb.

Sugar 180 lbs. $0.60 per lb.

Milk 150 gal. $1.70 per gal.

Ingredient Quantity Price Total Cost

Cocoa 600 lbs. $0.40 per lb. $240.00 (600 * $0.40)

Sugar 180 lbs. $0.60 per lb. 108.00 (180 * $0.60)

Milk 150 gal. $1.70 per gal. 255.00 (150 * $1.70)

Total cost of batch of chocolate = $603.00

Cost per bar = $0.33 ($603.00/1,827)

5 0

3 years ago

The sources of economic growth are _______. A. work hours growth and labor productivity growth B. democracy and labor productiv

Luden [163]

Answer:

A. work hours growth and labor productivity growth

Explanation:

An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.

Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.

Basically, there are four (4) main types of economy and these are;

I. Mixed economy.

II. Free market economy.

III. Traditional economy.

IV. Command economy.

Generally, the sources of economic growth of a country are work hours growth and labor productivity growth.

Labor (working) is simply the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

7 0

2 years ago