Debbie is age 67 and unmarried. Her only sources of income are $200,000 in taxable interest and $20,000 of Social Security benefits. Debbie's adjusted gross income for the year is: a.$203,000. b.$200,000. c.$220,000. d.$217,000.

Answers

Answer 1

Answer: d.$217,000.

Explanation:

Current tax laws require that 85% of Social Security Benefits be included as AGI for the year.

Debbie's Adjusted Gross Income (AGI) for the year is therefore:

= Taxable interest income + 85% of Social Security

= 200,000 + 20,000 * 85%

= 200,000 + 17,000

= $217,000


Related Questions

An individual or a firm can internalize an externality by​ ___________. A. disputing that an externality exists. B. doubling the size of the externality. C. paying the cost of the externality. D. ignoring the externality.

Answers

Answer:

C. paying the cost of the externality

Explanation:

An externality is defined as cost or benefit that is generated from the activities of a producer, but it is not financially incurred by the producer.

It can be positive or negative externality.

For example if we have a street light the effect on the society does not affect the producer cost wise so it is an externality to him.

When a producer now bears the cost of an externality he is internalizing the externality.

For example if a company polluted the environment with a byproduct of its production process this is a negative externality.

They can internalise it by cleaning up the pollutant from the society.

Your neighbor, Bayonetta, offers you an investment opportunity which will pay a single lump sum of $2,150 four years from today. The investment requires a single payment of $1,100 today. What is the annual rate of return on this investment

Answers

Answer:

18.24%

Explanation:

Annual rate of return is used in determining the return on an investment over a 12 month or one year period.

Annual rate of return = [(future value / cost ) ^( 1/n) ] - 1

future value = 2150

present cost = 1100

n = number of years = 4

(2150 / 1100)^(1/4) - 1 = 0.1824 = 18.24%

Williams Company computed its cost per equivalent unit for direct materials to be $1.60 and its cost per equivalent unit for conversion to be $2.58. A total of 374,000 units of product were completed and transferred out as finished goods during the month. The ending Work in Process inventory consists of 22,000 equivalent units of direct materials and 22,000 equivalent units of conversion costs. The amount that should be reported in ending Work in Process Inventory is:

Answers

Answer:

the ending work in process inventory is $91,960

Explanation:

The computation of the ending work in process inventory is given below:

= cost of material + conversion cost

= 22,000 ×  $1.60 + 22,000 × $2.58

= $35,200 + $56,760

= $91,960

Hence, the ending work in process inventory is $91,960

The same should be considered and relevant

A company purchased property for a building site. The costs associated with the property are given below.
Purchase price = $175,000
Real estate commissions = $15,000
Legal fees = $800
Expenses of clearing the land = $2,000
Expenses to remove old building = $1,000
1. What portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building?
2. Prepare the journal entry to record these costs.

Answers

Answer:

1. Land $193,800

Building $0

Explanation:

1. Calculation to determine what portion of these costs should be allocated to the cost of the land and what portion should be allocated to the cost of the new building

Purchase price $175,000

Real Estate commissions $15,000

Legal fees $800

Expenses of clearing the land $2,000

Expenses to remove old building $1,000

Total $193,800

Therefore the total cost of the land is $193,800 and NO cost will be allocated to the cost of the new BUILDING

2. Preparation of the journal entry to record these costs

Dr Land A/c $193,800

Cr Cash A/c $193,800

(Being land purchased for cash and the associated expenses being recorded)

pls help with business (extra points)

Answers

Answer:

The easiest business to start is a service business, especially for a beginner. A service business is any kind of business where you sell services. In other words, you sell your skill, labor or expertise — instead of products or goods

Explanation:The easiest business to start is a service business, especially for a beginner. A service business is any kind of business where you sell services. In other words, you sell your skill, labor or expertise — instead of products or goods

Maria is 30 years old and has a nest egg of $25,000 that she worked hard to save
through her twenties. She would like to invest the money in order to have a down
payment for a home by the time she is 35.
How would you recommend Maria invest her money?

Answers

Answer:

Since Maria is 30 years old and has a nest egg of $ 25,000 that she worked hard to save through her twenties, and she would like to invest the money in order to have a down payment for a home by the time she is 35, I I would give her the following recommendation:

Given that the S&P 500 index fund has an average annual return of 10% to 15%, with positive returns almost guaranteed and considerably low risk, and that Maria has money that is not an excessively high amount and wants to allocate it For a purpose that implies the need for a certain investment security, I would recommend investing that sum in the aforementioned index fund.

a.If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent, and cyclical unemployment of 2 percent, what is the natural rate of unemployment

Answers

Answer: 4%

Explanation:

The natural rate of unemployment is the sum of the frictional and structural unemployment rate because these represent the unemployment that a country would still experience even if it was at full employment and the actual GDP was equal to its Potential GDP.

Natural unemployment rate = Frictional unemployment + Structural unemployment

= 2% + 2%

= 4%

Given the following data: Beginning raw materials inventory $30,000 Materials purchased 65,000 Ending raw materials inventory 40,000 What is the amount of raw materials used? a.$5,000 b.$55,000 c.$30,000 d.$75,000

Answers

Answer:

Option "b"$55000 is correct.

Explanation:

Below is the given values:

Starting raw material = $30000

Pruchased material = $65000

Raw material at the end = 40000

Now calculate the raw material used:

Raw material used = Starting raw material  + purchases - ending raw material

Raw material used = 30000 + 65000 - 40000

Raw material used = 95000 - 4000

Raw material used = $55000

Thus option "b"$55000 is correct.

In applying the lower of cost or market method to LIFO inventory valuation, market is defined as: A. Historical cost. B. Current replacement cost. C. Current sales price. D. FIFO. E. LIFO.

Answers

Answer:

b

Explanation:

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold

You are holding a stock that has a beta of 1.91 and is currently in equilibrium. The required return on the stock is 25.60%, and the return on the market portfolio is 17.10%. What would be the new required return on the stock if the return on the market increased to 21.00% while the risk-free rate and beta remained unchanged

Answers

Answer:

Hence the new required return on the stock if the return on the market increased to 21.00% while the risk-free rate and beta remained unchanged is 33.05%.

Explanation:

Describe how innovation can be a catalyst to strategic management? Give an example to demonstrate your understanding of the question. Are the theories of organizational adaption, management tools, or they are mere theories? Give an example to validate your position. What is the assessment tool (s) that can be used to evaluate a strategy based on the information provided in the assigned chapter?

Answers

Answer:

Because it is what motivates and inspires employees, innovation is a catalyst for strategic management. A company that develops a new line of cruelty-free products is an example. Employees are ecstatic to share the good news with customers, which generates revenue.

What are the macroeconomic conditions affecting the IT industry? Select "yes" for those statements that are accurate and choose "no" for those that are not.

a. From a political perspective, Ricoh should be aware of regulations from ITAC (Information Technology Association of Canada) who is actively promoting and supporting the expansion of the IT services industry in Canada as this move will likely impact Ricoh in many ways.
b. From an economic perspective, Canada enjoys a strong economy with a strong GDP growth.
c. Low oil prices are causing turmoil in business investment in western Canada, leading to a negative impact for the economic component of the macro-environment.
d. A weak Canadian dollar makes the cost of importing more expensive.

Answers

Answer:

a. From a political perspective, Ricoh should be aware of regulations from ITAC (Information Technology Association of Canada) who is actively promoting and supporting the expansion of the IT services industry in Canada as this move will likely impact Ricoh in many ways.   - Yes

b. From an economic perspective, Canada enjoys a strong economy with a strong GDP growth.  -  Yes

c. Low oil prices are causing turmoil in business investment in western Canada, leading to a negative impact for the economic component of the macro-environment.  -  Yes

d. A weak Canadian dollar makes the cost of importing more expensive. - No

Explanation:

The macroeconomic conditions that impact the business in terms of the economic growth rate. The use of GNP and GDP to measure the growth. The macroeconomic phenomenon estates the patterns and conditions from the large aspects of the economy.

The price of baseballs, a complement to baseball bats, increases at the same time the price of aluminum, an input to baseball bats, decreases. How will the equilibrium of baseball bats be affected?

Answers

Answer:

The price of baseball bats (a complementary good) increased

If the price of a complementary good increases, this would result in a decrease in demand for baseballs.

Explanation:

The equilibrium of baseball bats be affected if the price of a complementary good increases, this would result in a decrease in demand for baseballs.

What do you mean by an equilibrium in demand?

When market supply and demand are in balance, prices become steady. This is known as equilibrium.

In general, a surplus of goods or services leads to lower prices, which increases demand, whereas a shortfall or undersupply raises prices, which decreases demand.

When supply and demand for a product are equal, the quantity is at equilibrium.

The supply and demand curves first follow opposing paths before coming together to provide equilibrium quantity and economic equilibrium.

Therefore, equilibrium of baseball bats be affected if the price of a complementary good increases, this would result in a decrease in demand for baseballs.

To know more about the equilibrium in demand, visit:

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c) Tình hình SX của DN Y trong năm báo cáo như sau:
Chỉ tiêu Quý I Quý II Quý III Quý IV
1. GTSX(Tr.đ) 2.515 2.616 2.716 2.908
2. Số LĐ đầu quý 99 101 103 105
Được biết số LĐ cuối IV là 107 người
Yêu cầu: - Tính GTSX bình quân năm báo cáo?
- Mức NSLĐ bình quân mỗi quý của 1 lao động?
- Mức NSLĐ bình quân hàng quý của 1 lao động?
- Mức NSLĐ bình quân của cả năm của 1 lao động?

Answers

Can you put this in English please

Sadik Inc.'s bonds currently sell for $1,300 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100. What is their yield to

Answers

Answer:

5.31%

Explanation:

Missing word "What is their yield to call (YTC)?"

Nper = 5

Pmt = 105

Pv = -1300

FV = 1100

Using the MsExcel Rate function to derive the yield to call (YTC)

Yield to call = Rate(Nper, Pmt, -Pv, Fv)

Yield to call = Rate(5, 105, -1300, 1100)

Yield to call = 0.053098755

Yield to call = 5.31%

According to a proper production function, if adding one unit of capital increases output by 10 units, adding an another unit of capital beyond that must increase capital by

Answers

Answer:

less than 10 units

Explanation:

The production function represent the diminishing marginal returns

Here diminishing marginal returns means that marginal output i.e. generated an extra unit would continue to reduce more units of input that are used

So if we add one unit of capital that increased the output by 10 units so if another unit if capital is added so it increased the output but that should be less than 10 units

Question 4 Vered just got off the phone with an old classmate who was very excited. That classmate had purchased a business with low operating cash flow, just $1,000 last year. However, they had just made a big investment and thus depreciation would be increasing by $50,000 next year. The investment had cost $300,000. They expect to use it for five years and then sell the item for $50,000. They said that would be very helpful since the large increase in depreciation would increase cash from operations. They are thinking of taking this information to a bank for a loan, but have asked Vered to check their numbers. By how much should Vered tell them this will increase cash from operations

Answers

Answer:

Vered should tell them this will increase cash from operations by $50,000.

Explanation:

The cash account is unaffected by depreciation. This is because the depreciation reduces income but has no effect on cash, it is included as a reconciling item on the indirect cash flow statement.

Depreciation will reduce net income by $50,000 in this scenario, but depreciation of $50,000 included as a positive reconciling item will compensate for the decreased net income. As a result, cash from operations will increase by $0.

Therefore, Vered should tell them this will increase cash from operations by $50,000.

Which of the following is one of the value gaps that can undermine customer experiences and can damage relationships?

Service Quality Gaps
Psychological Gaps
Language Gaps
Physical Gaps
Operational Gaps
Transition Gaps

Answers

Answer:

Service Quality Gaps

Explanation:

Service Quality gaps is one of the value gaps that can undermine customer experiences and can damage relationships.

This is because, as a result of the quality of the service delivered or rendered, a customer's satisfaction can be gauged and depending on how satisfied the customer is, it could build or damage relationships.

Goods that are partially completed by a manufacturer are a.work in process inventory b.materials inventory c.merchandise inventory d.finished goods inventory

Answers

Answer:

a. work in process inventory

Explanation:

In Business, an inventory is a term used to describe a list of finished goods, goods still in the production line and raw materials that would be used for the manufacturing of more goods in a bid to meet the unending consumer demands.

Simply stated, an inventory can be classified into three (3) main categories; finished goods, work in progress, and raw materials.

An inventory is recorded as a current asset on the balance sheet because it's primarily the most important source of revenue for a business entity.

Also, the three (3) main cost concept associated with an inventory are;

1. First In First Out (FIFO).

2. Last In First Out (LIFO).

3. Weighted average cost.

Goods that are partially completed by a manufacturer are work in process (WIP) inventory.

The purposeful use of symbols to allow multiple interpretations of messages is called:____.
a. strategic ambiguity.
b. crisis communication.
c. interaction management.
d. conflict management.
e. customer service management.

Answers

Answer:

a. strategic ambiguity.

Explanation:

The use of strategic ambiguity permits the views for diversify or interpretations also at the same time it promotes inclusiveness and unity

The mission and vision sttaement should be confused and normal in nature in order to provide the accomodation

So the use of symbols for permitting out the multiple interpretations of messages is known as the strategic ambiguity

Therefore the option a is correct

At the​ profit-maximizing level of​ output, what is the relationship between the total revenue​ (TR) and total cost​ (TC) curves? A. They cannot be tangent to each other. B. They must have the same slope. C. They must​ intersect, with TC cutting TR from above. D. They must​ intersect, with TC cutting TR from below. E. They must be tangent to each other.

Answers

Answer: They must have the same slope.

Explanation:

It should be noted that at the​ profit-maximizing level of​ output, the marginal revenue will be equal to the marginal cost.

Since the slope of the total revenue is the marginal revenue while the slope of the total cost us marginal cost, then at the​ profit-maximizing level of​ output, the relationship between the total revenue​ (TR) and total cost​ (TC) curves is that they must have the same slope.

The benefit the goverment receives from tax can be measured by

Answers

Answer:

the change in the equilibrium quantity of the good. the change in the equilibrium price of the good.

Explanation:

The benefit that government receives from a tax is measured by a. b. c. d. the change in the equilibrium quantity of the good. the change in the equilibrium price of the good.

The revenue or benefits received from tax by the government of a Country can be measured by using the Tax-to-GDP ratio.

The Tax-to-GDP ratio provides an in-depth knowledge of the revenues generated from tax by the nation as it relates to the economy.

This ratio helps to pinpoint the benefits from taxation with relation to the size of the nations economy. for instance, if their is higher revenue from tax, it means that the Country can spend more money healthcare, education or infrastructure.

Hence, the Tax-to-GDP ratio, measures the benefit from tax in a nation, and a higher tax revenue of a nations gross domestic product (GDP) signifies economic growth.

You can get more insight about taxes here https://brainly.com/question/15090055?referrer=searchResults

How does marketing satisfy your needs as a college student? Are certain aspects of your life influenced more heavily by marketing than others? Provide examples

Answers

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Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity.
1. Borrow $55,000 from a bank
2. Buy $14,000 worth of manufacturing supplies on credit
3. Pay $7,000 owed to a supplier
4. Receive payment of $12,000 owed by a customer
5. Issue $75,000 in stock
6. Purchase equipment for $44,000 in cash
7. Receive payment of $13,000 owed by a customer
What is the net change in Total Assets?

Answers

Answer:

1. Borrow $55,000 from a bank

Assets increase by $55,000Liabilities increase by $55,000No effect on equity  

2. Buy $14,000 worth of manufacturing supplies on credit

Assets increase by $14,000Liabilities increase by $14,000No effect on equity

3. Pay $7,000 owed to a supplier

Assets decrease by $7,000Liabilities decrease by $7,000No effect on equity

4. Receive payment of $12,000 owed by a customer

No effect on assetNo effect on liabilityNo effect on equity

5. Issue $75,000 in stock

Assets increase by $75,000No effect on liability Equity increases by $75,000

6. Purchase equipment for $44,000 in cash

No effect on assetNo effect on liabilityNo effect on equity  

7. Receive payment of $13,000 owed by a customer

No effect on assetNo effect on liabilityNo effect on equity

Net change in assets = 55,000 + 14,000 - 7,000 + 75,000

= $137,000

Assets increased by $137,000

Job analysis is important to HR managers because the information gathered in job analysis is used in so many HR activities/functions. Describe how job analysis information is used in four different HR activities/functions. Illustrate by specific examples in hospitality and tourism.

Answers

Answer:

Job analysis in tourism and hospitality include planning, making and providing, lodging recreation and travel related services.

Explanation:

Job analysis is a part of the procedure to identify the contents of the job interms of the acts involved and it provides information to the organization necessary to perform these activities. Procedure involves collecting of information. Being both task and work oriented.

External costs occur because Group of answer choices Private costs do not reflect the full costs to society All costs are absorbed by the firm Firms make a choice other than the most cost-efficient production method Government failure increases costs for the firm

Answers

Answer:

Private costs do not reflect the full costs to society

Explanation:

External costs are costs incurred by third parties not involved in production or consumption activities

external cost can either be negative or positive

A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced.

A good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced.

The law of comparative advantage says that a person should produce a good if he or she: Group of answer choices can produce the good at the same cost as another producer can. receives the highest marginal benefit from the good. has an absolute advantage in producing the good. has the lowest opportunity cost of producing the good. has the greatest desire to consume the good.

Answers

Answer:

has the lowest opportunity cost of producing the good

Explanation:

Comparative advantage is the capability of the one party in order to manufactured the goods or services at less opportunity cost as compared to the other party. It could be used for overall nations and thier economies

So as per the given situation, the above statement represent an answer

hence, the same is to be considered

For February, sales revenue is $250,000; sales commissions are 6% of sales; the sales manager's salary is $50,000; advertising expenses are $15,000; shipping expenses total 1% of sales; and miscellaneous selling expenses are $1,000 plus 1/2 of 1% of sales. Total selling expenses for the month of February are:_______.
a. $65,000.
b. $69,750.
c. $82,250.
d. $84,750.

Answers

Answer:

d. $84,750.

Explanation:

Calculation to determine what Total selling expenses for the month of February are:

Sales commissions $15,000

($250,000 ×6%)

Sales manager's salary $50,000

Advertising expenses $15,000

Shipping expenses $2,500

($250,000 × 1%)

Miscellaneous selling expense $2,250

[$1,000 + ($250,000 × 0.5%)]

Total selling expenses $84,750

Therefore Total selling expenses for the month of February are:$84,750

Goods in transit are included in a purchaser's inventory:____.A. If the goods are shipped FOB destination. B. When the supplier is responsible for freight charges. C. When the purchaser is responsible for paying freight charges.D. At any time during transit.E. After the half-way point between the buyer and seller.

Answers

Answer:

B. When the supplier is responsible for freight charges.

Explanation:

Goods in Transit can be regarded as merchandise as well as other types of inventory which has already shipped out of shipping dock of the seller, but it has not gotten to the receiving dock of the buyer.This concept is utilized in order to know maybe the buyer or the seller of that particular goods has taken the possession of that particular goods and to know the party that Is paying for transport. The Freight charge, can be regarded as as freight rate, and this is amount that is been paid to a carrier company so that transportation of goods to agreed location will be possible.

It should be noted that Goods in transit are included in a purchaser's inventory When the supplier is responsible for freight charges.

A machine with a cost of $100,000 has an estimated residual value of $8,000 and an estimated life of 7 years or 21,000 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method

Answers

Answer:

$20,408.16

Explanation:

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life) = 2/7

1st year= 2/7 x 100,000 = 28,571.43

book value = 100,000 - 28,571.43 = 71,428.57

2nd year = 2/7 x 71,428.57 = $20,408.16

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