Answer:
The allowable medical deduction after Adjusting Total Income is $0
Explanation:
Particulars Amount
Drugs and Medicines prescribed by doctors $300
Add:- Health insurance premium $750
Add:- Doctors Fees $2,250
Add:- Eyeglasses $75
Less:- Reimbursement of doctors fees received <u>($900)</u>
$2,475
Less :- Adjusted Gross Total Income of $25,000 <u>$2,500</u>
Allowable medical deduction after adjusting -25
total Income
Therefore, as the resultant amount is negative. The allowable medical deduction after Adjusting Total Income is $0
Workings
Adjusted Gross Total Income of $26,000
= $26000 × 10%
= $2,600
Answer:
b. probably not, although most of the duties agents owe to their principals could apply, such the duty to maintain confidentiality.
Explanation:
Ward may probably not have been subjected to the same duties that full-time taser employees have with respect to their employer (the principal), although most of the duties agents owe to their principals could apply to him, such as the duty to maintain confidentiality.
Thus, Ward is required by rules and regulations of Taser international to always maintain confidentiality in his operations without divulging sensitive information to other people.
Answer:
$8000
Explanation:
Total variable cost per unit (standard):
= Direct materials + Direct labor + Variable manufacturing overhead
= [3.5 pounds × $4 per pound] + [1 hour × $12 per hour] + [1 hour × $6 per hour]
= $14 + $12 + $6
= $32 per unit
Total variable standard cost:
= Per unit cost × Units produced
= $32 × 250
= $8000
Answer:
$200 billion
Explanation:
Given that,
Marginal propensity to consume, MPC = 0.8
Real GDP currently being demanded = $14 trillion
Government wants to increase real GDP demanded to $15 trillion.
Multiplier:
= 5
Government wants to increase real GDP by:
= $15 trillion - $14 trillion
= $1 trillion
Therefore, the government has to increase spending:
= 0.2 × $1 trillion
= $200 billion
Cottage Industry is a business or manufacturing activity carried on in a person's home.
