Lucas, a single U.S. citizen, works in Denmark for MNC Corp during all of 2019. His MNC salary is $87,000. Lucas may exclude from his gross income wages of: a.$105,900 b.$87,000 c.$40,000 d.$0

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Answer 1

Lucas can exclude from his gross income wages of $87,000.

Usually, a United State's citizen living and working abroad is taxed on his worldwide Income.

The maximum amount of exclusion of foreign earned income for Singles in 2019 is $105, 900.

Here, he is a single taxpayer who worked in Denmark for MNC Corp for the whole of 2019 and earned the salary of $87000.

He's eligible to exclude the amount of $105,900 from his gross income. and his salary is less than maximum limit allowed for exclusion, therefore, the gross income will be excluded.

In conclusion, the Option B is correct because can exclude from his gross income wages of $87,000.

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Related Questions

True or false: Obtaining top management's leadership and commitment is not necessarily critical for diversity programs to succeed.

Answers

Answer:false

Explanation:

All ________ are required to be members of the Federal Reserve System. Group of answer choices banks with assets less than $100 million banks with assets less than $500 million state chartered banks national banks chartered by the Office of the Comptroller of the Currency

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The answer is national banks chartered by the Office of the Comptroller of the Currency

According to the calculator, the monthly payment Demarco and Tanya should anticipate paying for principal and interest is $208. $877. $669. $1,200.

Answers

Principal rate is the amount which is gotten after parameters like the interest which is inversely proportional to the time multiplied by the rate of the amount for a specified amount of time.

Mathematically, it is represented as Principal= Interest/Time x Rate

As a result of this, we can see that the principal rate is a part of the parameters which is used to calculate the Simple Interest of a specified amount of money for a certain amount of time.

Please note that your question is incomplete so I gave you a general overview so that you would get a better understanding of the concept.

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Answer:

C. $669

Explanation:

a pilot applies for life insurance. the insurer approves the application with a $10 additional monthly premium modification due to the risk involved. the pilot declines the additonal premium modification. the insurer will then likely issue the coverage with a(n)

Answers

Considering the situation described, the insurer will likely issue the coverage with an Aviation Exclusion.

The addition of Aviation Exclusion risk would curb the insurer's liability to that risk associated with the insurance contract.

This implies that considering the tendency of a pilot to die (not as a fare-paying passenger) in a plane crash or Aviation accident. Still, as a pilot, the addition of Aviation Exclusion would limit or void the insurance policy related to life.

Hence, in this case, it is concluded that the correct answer is "Aviation Exclusion."

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ampbell launched tomato soup in the UK with the same product and ads as they use in the US. This strategy is called: Campbell launched tomato soup in the UK with the same product and ads as they use in the US. This strategy is called: product adaption product extension communication adaption dual adaption none of the above

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When Campbell launches tomato soup in the UK with the same product and advertisement used in the US, this strategy is called product extension and communication, also known as dual extension.

Product extension and communication occurs when an organization uses a uniform communication strategy to market its product in a new location.

This international trade strategy can be risky due to the lack of adaptation of advertising and product characteristics to the local market, which is usually culturally variable and according to consumer preferences.

This strategy can generate cost reductions and economies of scale, faster processes, higher sales volume and increased global brand positioning.

Therefore, the product extension and communication strategy ensures product and advertising uniformity, and is used when customization and adaptation costs are not justified, as the company operates in a global segment with similar needs.

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Which statement is true about the circular flow diagram of an economy?.

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The statement that the market for factors of production connects spending by firms to household income is true about the circular flow diagram of an economy.

The circular flow diagram is an economic model that entails the flows of money and goods exchanged in the closed circuit which run in the opposite direction.

Hence, the statement that the market for factors of production connects spending by firms to household income is true about the circular flow diagram of an economy.

Therefore, the Option A is correct.

Missing word includes "A The market for goods and services connects household spending to government spending.  B The market for factors of production connects household spending to goods produced by firms. C The market for factors of production connects spending by firms to household income. D The market for goods and services connects labor income to firms as employers. E The market for goods and services connects labor income to household spending."

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A serious rumor is spreading through the grapevine that eight managers in the Northeast Region will be fired due to underperformance. The stores are buzzing with speculation about this rumor, upsetting managers and sales staff and distracting them from doing their jobs. What method do you choose to address this matter

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The best method which should be chosen to address this matter regarding the rumor about the firing of managers in the company is:

Make the firing decision immediately so that business can return to normal and replacements made

According to the given question, we are asked to state the best method to be chosen to address this matter regarding the rumor about the firing of managers in the company

As a result of this, we can see that when rumors like this circulate around the workplace, the output of the workers would reduce and this would have a negative impact in the company. It would best  to make a decision quickly so that business would resume as normal.

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The process of measuring marketing results and adjusting the marketing plan as needed is called marketing ________.

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Answer:

a new Long income in market to get a new meal

What is the largest source of a income for banks

Answers

Answer:

Interest income

Explanation:

Answer:

goverment

Explanation:

they create the money from paper

What is created when light is blocked by an opaque object?

Answers

Answer:

Light travels in straight lines. When light is blocked by an opaque object, a dark shadow is formed.

Explanation:

trust me and can i get the crown

Oreo cookies are now extremely expensive to purchase. Instead of buying oreo cookies, i now want to buy chips ahoy. What determinant of demand does this likely fall under?.

Answers

In economics, the determinant of demand that this scenario fall under , when you go for chips ahoy because Oreo cookies are now extremely expensive is Change in Price of Substitute Good.

What is Substitute Good?

A substitute good  can be regarded as product or service that  is been used as alternative for other goods.

It should be When the price of a substitute good rise, then demand for the other substitute as well will rise.

This is referred to as  positive cross price elasticity.

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software is used to play, create, and modify audio and video files.

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If you are asking if this is true it is

Surfaces on the same body are assumed to experience meteorite impacts with the same frequency. If this is true, what could account for the stark contrast in impact crater density on bordering regions of Ganymede in the photo?.

Answers

Craters are known to be cause by the collision of a meteorite with the Earth. It is true because the surface with fewer impact craters is said to be a new surface.

The factor that account for the stark contrast in impact crater density on bordering regions of Ganymede in the photo is because since it has not been impacted as many times as the older surfaces.

The impact craters are therefore too hard to recognize as a result of weathering and erosion of its surface.

The Moon is known to lacks water, atmosphere, and tectonic activity of which these factors or forces often erode Earth's surface and erase some new impacts.

The impact crater is often influenced by the appearance of impact craters and ejecta are said to be the size and velocity of the impactor.

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under the direct write-off method of accounting for uncollectible accounts, bad debts expense is debited

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Bad Debts Expense is debited  when an account is determined to be uncollectible under the direct write-off method of accounting for uncollectible accounts,

Bad Debts Expense refers to the portion of  account receivables that a firm has assumes not be recoverable from the debtor.

In conclusion, the Bad Debts Expense is debited  when an account is determined to be uncollectible under the direct write-off method of accounting for uncollectible accounts,

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k purchased a life insurance policy in 1986 which paid 10% interest in the early years of the policy. 20 years after the purchased, she received a notice from the insurer stating that the policy will soon terminate unless a much higher premium is paid because because of falling interest rates. this type of policy is known as a life policy

Answers

The above type of policy is known as a universal life insurance life policy.

What is universal life insurance?

Universal life insurance is a form of permanent insurance, which indicate that coverage can last throughout lifetime so long as premiums are paid. It is the cost of insurance that refers to the amount of money charged by the insurer to cover you.

The Universal Life Policy can be considered as a kind of permanent life insurance. Also, an individual is covered along with his/her life.

The universal life insurance policyholder can see the following:

The expense charges. The interest earned.Cost of insurance.

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Suppose a mutual fund has 10 million shares outstanding, assets with a total value of $30 million,of which $500,000 is cash, and fund liabilities of $500,000. What is the current NAV per share

Answers

Answer:2.95

Explanation:

Based on the given assets, cash fund, and liabilities, the Mutual fund's NAV per share is $2.95.

What is the Mutual Fund's NAV per share?

This can be found by the formula:

= (Assets + Cash - Liabilities)/Number of Shares

Solving gives:

= (30,000,000 - 500,000) / 10,000,000

= 29,500,000 / 10,000,000

= $2.95 per share

In conclusion, the NAV per share is $2.95 per share.

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the sequence of work for a job is also known as its

Answers

Answer:

Routing

Explanation:

Need help ASAP, I’m going somewhere!

Reuben Garza just graduated from high school and had begun a five year apprenticeship as a machinist. His starting wage ... https://brainly.com/question/25586250

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Answer:

https://brainly.co a separate Word or PowerPoint document containing the time line. If your tim

Explanation:

and had begun a five year apprenticeship as a machinist. His starting wage ... https://brainly.com/question/25586250

A theater has fixed operating costs, such as electricity, salaries, and rent. What is this break-even point called

Answers

The fixed operating cost in the question is one of the requirement to be used to calculate the Break even units not the break-even point.

Usually, the break-even point is the point where the total revenue equals the total costs of the business.

In other word, the break-even point means that the expenses and revenue are equal and thus, the company will record neither a net loss or gain.

The formula used to derive the Break even unit is [Fixed Costs / (Sales price per unit – Variable costs per unit)}

Therefore, the fixed operating cost in the question is one of the requirement to be used to calculate the Break even units not the break-even point.

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In the short run, if a firm produces the level of output at which marginal revenue is equal to marginal cost but price is less than average total cost, the firm will.

Answers

When the firm produces at level of output where marginal revenue equal marginal cost but the price is less than average total cost, then, the firm will continue to operate if price is greater than its average variable cost,

In practice, a perfectly competitive firms will continue to produce output until the marginal revenue equals marginal cost (MR=MC)

When the firm produces at level of output where marginal revenue equal marginal cost but the price is less than average total cost, then, the firm will continue to operate if price is greater than its average variable cost,

Therefore, the Option C is correct.

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In order to overcome the ________ problem, interest groups often provide ________ to their members. free-rider; collective goods free-rider; selective benefits principal-agent; collective goods principal-agent; selective benefits

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The selective benefits are regarded as benefits given only to group members. In order to overcome the free-rider problem, many interest groups offer selective benefits.

The free-rider problem is often known as a type of market failure. It takes place when individuals who benefit from resources, public goods or services of a benefit to all nature do not pay for them or they under pay.

They are problem because they do not pay for the goods but still continue to access or use it.

This problem in social science deals with how to limit free riding and its negative effects in the society.

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Which method of bond amortization amortizes the premiums/discounts accurately and is considered a conceptually superior method

Answers

Answer:effective-interest

Explanation:

Performance measurement can focus on managing the objective, measurable results of a job or work group. Which result would best meet this criterion

Answers

Performance measurement is the quantifiable expression of information regarding the products and services that's essential to an organization.

You didn't provide the options, therefore, an overview of performance measurement will be given. Performance measurement simply means the process of collecting, analyzing, and reporting information regarding the performance of an organization.

Performance measurement can focus on managing the objective, measurable results of a job or work group. Examples of performance measurement include profit margin, productivity, cost, etc.

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A method of cost assignment where a cost can be associated to the particular cost object in an economically feasible way is called ________.

Answers

Answer:

indirect costs

Explanation:

costs related to a particular cost object that cannot be traced to that cost object in an economically feasible way. cost assignment. general term for assigning costs, whether indirect or direct.

I hope it helps.

______ ratios measure how much operating income an organization is able to generate relative to assets, owners' equity, and sales.

Answers

According to business strategy, the Profitability ratios measure how much-operating income an organization can generate relative to assets, owners' equity, and sales.

What are Profitability ratios?

Profitability ratios s a form of financial method or procedure in which firms assess or evaluate the ability to generate income or revenue based on the capacity and resources.

Different types or methods of Profitability ratios:

Gross Profit RatioOperating RatioOperating Profit RatioNet Profit RatioReturn on Investment

Hence, in this case, it is concluded that the correct answer is "Profitability ratio."

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A payment made by a firm to its owners in the form of new shares of stock is called a _____ dividend.

Answers

That type of payment is a stock dividend.

if the entire output of a market is produced by a single seller, the firm

Answers

Answer:

that means the firm is very large

Preferred stock generally (has/does not have) ______ voting rights and (has/does not have) ______ preference as to dividends.

Answers

According to share and stocks management, the preferred stock generally does not have voting rights and has a preference as to dividends.

This is because Preferred stock is a type of stock that is first paid to the stockholders before the common share or stockholders are paid.

However, unlike the common stockholders that have voting rights in a firm, the preferred stockholders do not have voting rights.

Hence, in this case, it is concluded that Preferred stock has its advantages and disadvantages.

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Precious gems are an important natural resource of ________. Paraguay Brazil Mexico the Dominican Republic

Answers

Answer:

Brazil

Explanation:

Witch method of commuting is most likely to reduce your need to go to the gym or get a treadmill

Answers

Answer:

Walking or using of bicycle

Explanation:

Use of legs are needed in both method of commuting. Leg muscles will be worked up and it also produces sweat that is equivalent to gym exercise

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