1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Zina [86]
2 years ago
6

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

Business
1 answer:
Korolek [52]2 years ago
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.

<h3>What is Form 1040?</h3>

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.

Read more about Form 1040

<em>brainly.com/question/4120733</em>

You might be interested in
Can anyone answer this question it important​
masha68 [24]

Answer:

I think it's private it's the most logical answer

3 0
3 years ago
Read 2 more answers
30) The theme dominating global financial markets today is the complexity of risks associated with financial globalization. List
ZanzabumX [31]

Answer and Explanation:

The following are the examples:

1. Effect on the big deficit or the public debt crisis: It involves the present eurozone crisis, in this the rate of interest and the exchange rate would be effected

2. The monetary system i.e. international would be under scrutiny. As if there is an increase in the renminbi of chinese so the outlook of the would be varied on the currencies i.e. reserved, currency exchange, etc

3. Many of the countries would continue the balance of payment that represent the country would import more goods, services as compared with the exports that would become dangereous

4. The ownership, the framework of the government would be varied over the globe

6 0
3 years ago
Knowledge Check 01 On January 1, Year 1, Abbott Company granted 92,000 stock options to certain executives. The options are exer
Westkost [7]

Answer:

$153,333

Explanation:

Calculation to determine What amount should Olympic recognize as compensation expense for 2016

Using this formula

Compensation expense =Total compensation/Vesting period

Let plug in the formula

Compensation expense=($5 x 92,000)/3 years

Compensation expense=$460,000/3 years

Compensation expense=$153,333

Therefore What amount should Olympic recognize as compensation expense for 2016 is $153,333

5 0
3 years ago
When a purchase order is released, a commitment is made by a governmental unit to buy a computer to be manufactured to specifica
Vladimir79 [104]

Answer: Encumbrance

Explanation:  The commitment made by a governmental unit to buy some product for use in administration is recorded in the general fund as an encumbrance which is defined as an interest, right, burden or liability that must be carried. As such, an encumbrance ensures that there will be enough funds available for the payment of certain governmental obligations and commonly refers to restricted funds in the general fund account.

8 0
3 years ago
Read 2 more answers
Which of the following ways of investing/saving is the most liquid?
charle [14.2K]
Savings accounts is the most liquid 
5 0
3 years ago
Other questions:
  • Which of these careers are examples of marketing occupations? Select all that apply. (2 points)
    9·1 answer
  • December 3 – Vogel Corporation sold inventory on account to Hatcher Corp. for $492,000, terms 1/10, n/30. This inventory origina
    13·1 answer
  • Elle Inc. is a firm that holds frequent reviews and feedback sessions for its employees. It demands that the same person should
    11·1 answer
  • The competitive strategy of a firm pursuing a "think global, act local" approach to strategy making: Select one: a. Entails litt
    5·1 answer
  • What are 3 ways through which you might obtain employment experiences
    12·1 answer
  • ​venus diner, a fast food restaurant, has installed two additional billing counters to reduce waiting time for customers. this h
    13·1 answer
  • Precise Machinery is analyzing a proposed project that is expected to sell 1,450 units, ±3 percent. The expected variable cost p
    9·1 answer
  • They plan to use their $40,000 is savings to cover the closing costs the bank will charge them, which are 1% of the amount they
    11·1 answer
  • Outline why you have selected your chosen three university courses, and explain how this relates to your previous academic or pr
    14·1 answer
  • How can students experience "free rider" problems at school?
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!