Bill and Jane Jones were divorced on January 1, 2018. They have no children. In accordance with the divorce decree, Bill transferred the title of their house over to Jane. The home had a fair market value of $250,000 and was subject to a $100,000 mortgage. Under the divorce agreement, Bill is to make $1,000 monthly mortgage payments on the home for the remainder of the mortgage. In the current year, Bill made 12 mortgage payments. What amount is taxable to Jane in the current year

Answers

Answer 1

Answer: $0

Explanation:

Based on the information given in the question, the amount that is taxable to Jane in the current year will be $0.

We should note that there'll be no deduction made for the payments made since the settlement with regards to the divorce agas already provided for the payment. The payments in this case aren't included in the gross income of the person that'll collect the payment.

Therefore, the answer is $0.


Related Questions

Using productivity software ensures that the end product will look professional.

Answers

Answer: false

Explanation:

on edge 2021

Answer: The answer is false

Explanation:

props to the other dude, give them brainliest

describe how net profit of a business is calculated?​

Answers

Answer:

u must work out the total cost and variable cost and add them up, then you must count all your sales and figure out ur revenue. then u do ur total revenue minus ur total costs

mark as brainliest

The formula to calculate profit is: Total Revenue - Total Expenses = Profit. Profit is determined by subtracting direct and indirect costs from all sales earned. Direct costs can include purchases like materials and staff wages. Indirect costs are also called overhead costs, like rent and utilities.

For businesses, profit is often calculated by profit margin formula:follow me nice business

On June 30, 2021, the Esquire Company sold merchandise to a customer and accepted a noninterest-bearing note in exchange. The note requires payment of $41,000 on March 31, 2022. The fair value of the merchandise exchanged is $39,155. Esquire views the financing component of this contract as significant. Required: 1. Prepare journal entries to record the sale of merchandise (omit any entry that might be required for the cost of the goods sold), any December 31, 2021 interest accrual, and the March 31, 2022 collection. 2. What is the effective interest rate on the note

Answers

Answer and Explanation:

1. The journal entries are shown below:

On 30-Jun-21

Note receivables Dr $41,000

     To Sales revenue $39,155  

     To Discount on note receivables $1,845

(Being sales revenue is recorded)  

On 31-Dec-21

Discount on note receivables ($1,845 × 6 ÷ 9) $1,230

     To Interest revenue $1,230

(Being interest accrual is recorded)  

On 31-Mar-22

Discount on note receivables  ($1,845 × 3 ÷ 9) $615

     To Interest revenue $615

(Being interest accrual is recorded)  

On 31-Mar-22

Cash Dr $41,000

     To Note receivables $41,000

(being note collection at maturity is recorded)  

2.  

Effective interest rate on note is

= $1,845 ÷ $39,155 × 12 ÷ 9

= 6.28%

Where do you get a check register

Answers

Answer: How to Obtain a Check Register. If you didn’t receive a check register with your checkbooks and would like one, you have several options: Use a template such as a free Go_ogle Docs check register. Order a new register from an online check printer or your bank. Grab a check register from the back of an old checkbook or anywhere you can find one.

You are a struggling song writer. You hear a group on the radio singing a song
that you wrote with a friend who is now managing the band. You want to
make sure you are not cheated out of your creative work. You have tried to
talk to the band but they won't respond. What writ would effectively stop the
band from earning income on that song until the problem is remedied?
A. A mandatory injunction
O B. A permanent injunction
O C. A restraining order
O D. Punitive damages
My

Answers

Answer:

did you copyright the song because i think you cant do nothing to the band being manage b your best friend will

Explanation:

Answer:

B. A permanent injunctionExplanation:

An example of government spending when calculating the GDP using the expenditures approach is _____.


A. medical expenses

B. any investment expenditure by a government

C. the purchase of a building

D. none of the above

Answers

Answer:

Maybe D, The answer should be "salaries of public employees"

Answer:

Medical expenses

Explanation:

EDG 2021 Business Entreprenuership

Which of the following tips can hurt your cash flow? A. Increase your sales. B. Pay your bills early. C. Keep a cash reserve. D. Offer credit only to low risk borrowers. Please select the best answer from the choices provided A B C D

Answers

B. Pay your bills early.

Answer:

trust the wise one above ;)

Explanation:

Use the drop-down menus to explain how to create a one-to-one relationship using the primary keys of two tables.
1. Open the database.
2. On the Database Tools tab, in the Relationships group, click
3. On the Relationship Tools Design tab, in the Relationships group, click
4. In the dialog box, click one of the tables to add, and click Add.
5. Click the other table to add, click Add, and click
6. Click and drag the primary key from a table, and drop it on the primary key of the other table.
7. In the Edit Relationships dialog box, make sure the correct fields are being linked.
8. Click the Enforce Referential Integrity checkbox, and click

Answers

Answer:relationships, show table, close, create

Explanation: just did it

Answer:

Use the drop-down menus to explain how to create a one-to-one relationship using the primary keys of two tables.

1. Open the database.

2. On the Database Tools tab, in the Relationships group, click

✔ Relationships

.

3. On the Relationship Tools Design tab, in the Relationships group, click

✔ Show Table

.

4. In the dialog box, click one of the tables to add, and click Add.

5. Click the other table to add, click Add, and click

✔ Close

.

6. Click and drag the primary key from a table, and drop it on the primary key of the other table.

7. In the Edit Relationships dialog box, make sure the correct fields are being linked.

8. Click the Enforce Referential Integrity checkbox, and click

✔ Create

Explanation: Just did it and its correct

How many different federal taxes are listed?

Answers

Answer:

There are two types of taxes namely, direct taxes and indirect taxes.

Explanation:

12 specific taxes, four within each main category—earn: individual income taxes, corporate income taxes, payroll taxes, and capital gains taxes; buy: sales taxes, gross receipts taxes, value-added taxes, and excise taxes; and own: property taxes, tangible personal property taxes, estate and inheritance taxes, and wealth taxes.

Answer:

2!

Explanation:

direct taxes and indirect taxes! hope this helps! plz mark as brainliest!

Which of the following would normally fall under general education requirements at a college?
A. Literacy, natural sciences, social sciences, and physical education B. Music, physical education, world languages, and behavioral sciences
C. Math, music, physical education, and military history
D. Math, literacy, natural sciences, and social sciences​

Answers

Answer: D. Math, literacy, natural sciences, and social sciences​

Explanation:

General Education Requirements prepares students with the skills that are needed to enhance their employability and also help them in course of life. Some of these skills include oral and written communication, problem solving, critical thinking, etc.

Some of the subjects that would normally fall under general education requirements at college are Writing, Mathematics, Social science, Natural science, Global awareness, Diversity. etc.

Conducting an effective performance appraisal meeting is always easier if the rater begins the meeting with a criticism of the employee and moves forward from there. is always easier if the rate limits the number of opportunities the employee has to speak. is facilitated if the rater has empathy for the employee. is easier if they rater completes the performance appraisal form as he talks to the employee during the actual performance appraisal meeting.

Answers

Answer:

is facilitated if the rater has empathy for the employee.

Explanation:

A performance evaluation is a tool of the HR department used in organizations with the objective of evaluating how an employee or a team conducts their work, how their actions affect positively or negatively in the achievement of organizational objectives and goals, that is, it is a way of analyzing whether a collaborator's work meets the company's expectations.

Therefore, there are some issues that can hinder this evaluation, such as some existing bias due to some situation, which may cause the performance evaluation to not be fully consistent with reality.

So when the appraiser has empathy for the employee, the assessment is facilitated, as there is greater understanding and search for solutions for the employee to develop and improve situations that were not so positive in the assessment.

At Titus Industries, a middle manager who had just completed her basic probationary period was called by her supervisor for her first performance evaluation. The conversation became rather unpleasant when the supervisor alluded to his disappointment that the new manager was not spending more time with him away from work, where they could get to know each other in a more intimate manner. In fact, he commented that such an effort might just solidify her continuing employment. The type of sexual harassment to which the new manager was subjected is called

Answers

Answer:

quid pro quo

Explanation:

Since in the given situation, it is mentioned that there is an unpleasant behavior when the supervisor alluded that the new manager would not spend much time away from work

So here the type of sexual harassment would be called as quid pro quo as it deals with the advantage in return for something

Therefore the same would be considered

What is the purpose of a food safety management system?

Answers

Answer:

To control food safety hazards within a food business in order to make sure that food is safe to eat.

Explanation:

which kind of crm fits into the category of web analytics

Answers

Answer:

im so confused

Explanation:

Complete the following sentence.
can be caused by unemployment or lack of access to employment resources.

Answers

uhm financial crisis, poverty, homelessness, debt, etc...

Answer: poverty

Explanation:

Because the people abode said it was correct and I hope they were right because I need this answer lol.

4. To promote diversity, companies actively seek and promote individuals in all of the following areas
except
1. educational levels.
2.ages
3. Races
4. National origins

Answers

Answer:

1.

Explanation:

Educational levels cannot be diversified depending on the position, many require a minimum level of education to properly conduct job functions.



You make $18.50 per hour and work 40 hours

per week. You are paid once per month, and

pay 30% in taxes and deductions.

1. How much do you make per month after

taxes and deductions?

2. How much do you make per year after taxes

and deductions?

Answers

Answer:

Net earning per month = $2,072

Net earning per year = $26,936

Explanation:

Given:

Amount earn per hour = $18.50

Number of hour in a week = 40 hours

Taxes and deduction = 30% = 0.3

Find:

Net earning per month

Net earning per year

Computation:

Net earning per month = [Amount earn per hour][Number of hour in a week][Number of week in a month][1-Taxes and deduction]

Net earning per month = [18.50][40][4][1-03]

Net earning per month = $2,072

Net earning per year = [Amount earn per hour][Number of hour in a week][Number of week in a year][1-Taxes and deduction]

Net earning per year = [18.50][40][52][1-0.3]

Net earning per year = $26,936

Dove and Eagle formed a business entity in which they are equal owners. Dove contributed cash of $100,000, and Eagle contributed land with a basis of $40,000 and fair market value of $100,000. For its first year of operations, the entity had taxable income of $60,000 and made no distributions. At year end it had outstanding recourse liabilities to third parties of $10,000. Eagle had a basis of $70,000 in the entity at the end of the first year of operations. What type of entity was formed

Answers

Answer:

S corporation

Explanation:

In the given case, The eagle basis at the closing of the year is 70,000 i.e. $40,000 + $30,000 (50% of $60,000)

In the case when the entity was a general partnership so 50% of $10,000 i.e. $5,000 would be added to the basis of Eagle

So here the type of entity that was formed is S corporation

The same is relevant

Is marketing hard? and it is stressful or can give you an anxiety?​

Answers

Answer:

yes yes yes yes yes

Explanation:

There is so much pressure and things at stake that sometimes you feel like everything's gonna go wrong.

Trade is appreciated and promoted throughout the world but there exists certain loopholes for efficient trade system .Highlight the concerned factors ?

Answers

Answer:

Trade is the transaction of goods and monetary around the world.

Explanation:

Trade and commerce are necessary for the economic development and survival of this world. It is appreciated and is promoted throughout the world, but still there are some loopholes in the trading system.

Trading is generally the economic transaction that is carried all through the world for comparative advantage among the different countries. The goods and products traded are mainly capital goods, consumer goods, financial assets, and others which are traded among the countries.

It creates a dual economy in the world for the less developed countries and due to this the country which exports these goods are developing while those poor countries importing  these goods have seen a stop in its development.

Due to the foreign investment, the poor countries have not been able to benefit much from it.

The gains is limited for the exported countries due to the export of only the primary goods.

an author can register his or her copyright application with the

Answers

Answer:

You can submit a copyright application through www.copyright.gov or through a paper application.  I think answer would be registration record

Explanation:

Answer:

US Copyright Office

Explanation:

The ability to reason well is necessary for modern workers because __________.
a.
Communication with other workers will be difficult
b.
Creativity is not valued in the modern workplace
c.
They will often have to solve problems with limited information
d.
Most problems will be straight-forward and easy to solve

Answers

Answer:

C. Or D.

Explanation:

Most Work problems are easy to solve depending on what is the cause of the situation. If you don't have the nesassary Resourses to solve that problem you must find out a way to work out that problem without what you need sometimes.

Answer: it’s C just took the Ed test

Explanation:

Jena is a full-time undergraduate student at State University and qualifies as a dependent of her parents. Her only source of income is a $10,000 athletic scholarship ($1,000, books; $5,500, tuition; $500, student activity fee; and $3,000, room and board). Jena's gross income for the year is: a.$3,000. b.$4,000. c.$500. d.$10,000.

Answers

A. 3,000 that’s your answer

Please Help!!!!
You are part of a sales group that has been asked to give a presentation. Before you begin, what should you and your group do?
A. Figure out who is the best public speaker
B. Buy the best software on the market.
C. Look into file sharing options so that everyone can work on the same file at the same time.
D. Ask if you have to give a slide presentation, .​

Answers

Answer: look into file sharing options so that everyone can work on the same file at the same time.

Explanation:

If a sales group consist of a team that wants to make presentation, the thing that should be done by the group should be to look into file sharing options so that everyone can work on the same file at the same time.

The work should be delegated among the group members so that the file can be worked on at same time and every necessary things can be put in place.

PLZZZZZ HEELLPP FASST

Why is the stock market not always a good indicator of economic health?

Answers

One of the main reasons that stocks do not reflect the health of the economy most of us experience is the rise of stock buybacks. Companies often push stocks higher, partly and arguably, to raise the value of the stock options of their management by buying them on the open market.

HOPE THIS HELPS

What company created the FICO score?

Answers

Answer:

FICO (legal name: Fair Isaac Corporation), originally F air, I saac and Co mpany, is a data analytics company based in San Jose, California focused on credit scoring services. It was founded by Bill Fair and Earl Isaac in 1956. Its FICO score, a measure of consumer credit risk, has become a fixture of consumer lending in the United States.

Explanation:

Fair Isaac Corporation

Trent is 25 years old and works for a company that matches his 401(k) contribution up to 5%. The interest rate for his 401(k) is 7.3%. If he puts away 10% of his $32,000 salary every year, what would the total of his 401(k) be in 10 years? Round your answer to the nearest cent.

Answers

Answer:

The answer is A.

Explanation:

Just took test

Answer:

A

Explanation:

on edge

Which of the following is not a valid FICO credit score?
A. 900
B. 600 C. 700
D. 800

Answers

Answer:

A. 900

Explanation:

FICO is an acronym for Fair Isaac Corporation, they create an accurate and reliable credit score of customers for use by lenders.

Basically, your FICO depends most on the amounts you owe and your payment history.

A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.

This ultimately implies that, the higher your credit score, the higher and better it is to obtain a loan from a potential lender. A credit score ranging from 670 to 739 is considered to be a good credit score while a credit score of 740 to 799 is better and a credit score of 800 to 850 is considered to be excellent.

Hence, lenders look at the credit score of a loan applicant in order to ensure that the applicant is financially responsible and would be able to repay the loan at the agreed upon date.

In conclusion, a valid FICO credit score is between 300-850 i.e the maximum (highest) credit score is 850 and as such a credit score of 900 is invalid.

Read the thesis statement from a historical essay. Determine which type of claim the author is making (claim of fact, definition, policy, value, or cause and effect) and why the claim fits this designation. Finally, provide an example of the type of evidence the author should use to best support the claim. (4 points)

Washington, D.C., should not become the 51st state, because making our nation's capital a state provides no economic benefits, nor did the Founding Fathers intend for it to ever become a state.

Answers

Answer:

im not 100% but think this is right

Explanation:

the author is making a claim of fact, because he is claiming that  provides no economic benefits.  im not sure about the second part

what does the level of savings in a country have to do with how much is invested in new production facilities

Answers

Answer:

I searched it up and this came up

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