In 2011, he made six payments. How do the transactions in the divorce agreement affect Arnold's and Barbara's taxable income? Answer: Transfer of property to spouse pursuant to divorce is not taxable. Arnold will get a deduction of $1500 per month for 6 months as an adjustment on his tax return toward Alimony. Barbara will include the same amount as income on her tax return.
I would check to see how many companies have gone out of business and the new of new businesses. 6. Explain which economic system (market, planned, mixed, or traditional) you think is best for consumers. Describe at least one reason why you think this system is best for consumers. (4-7 sentences.
if Ms. Jones would be saving $400 by having her income tax rate truncated to a whole number. Jones income tax rate was truncated to a whole number her salary of $50. Jones is making $50.8% would hope that their tax rate be truncated because their tax rate would then be 27%. If the income tax rate were truncated to 27% in the case of Ms.900 income tax.8% in their pocket. I will often round items up to a whole dollar amount
Hi John and Jane, Please find my advice and recommendations on your tax issues below: John Smith tax issues: A – The $300,000 will be included as gross income. It is compensation for services rendered. B – I am having trouble understanding this $25,000 recovery for expenses paid. Was this the amount of money the client had already paid out of his pocket for your services? Or did you suffer these expenses to work on this case?
One Sample Hypothesis Testing Team A Frances Barr, Erin Ferreira, Lynette Gill, Lauren Gilpin, Wayne Varner RES/342 January 8, 2012 Michelle Lane, PhD One Sample Hypothesis Testing The data set for Century National Bank contains a sample of savings account dollar amounts for 60 customers. This sample will serve as the basis for research into determining the sample mean and population mean of Century National Bank customers’ savings account balances. The research question is do Century National Bank customers average $1500 or more in their savings accounts? We will use the five-step hypothesis test for this research. Step One To answer this research question, we have formulated a null hypothesis and an alternative hypothesis.
Utilizing the percentage of sales forecasting method we were able to derive a pro- forma income statement and balance sheet projections. Furthermore, by employing the sensitivity analysis’ we are able to enter various inputs to speculate the effect of cost of goods sold on debt. 2. Based on your pro-forma projections, how much additional financing will The Body Shop need during this period? Based on The Body Shops pro-forma projections the firm will need £2,102,000 in additional financing, if the amount of capital spent on costs to produce and distribute the beauty care products exceeds 45% of sales.
9/18/13 Alliance Concrete Executive Summary: Based on available financial data and forecasts, Alliance Concrete should pay the $3million dividend to National as well as invest the full $16million in new fixed assets to assure that there are not shutdowns, as there were in 2004. By paying the dividend and purchasing new equipment Alliance will need to renegotiate with its bank in order to delay any scheduled debt retirement and instead acquire additional debt financing. Doing so will ensure that Alliance maximizes its Return on Equity as well as continue its trend of increasing earnings, which is especially important considering the slowdown in the real estate market. 1. A reduction in the dividend would decrease the need for long-term debt in multiple ways.
During the first five to eight years of buying a house, a large percentage of the mortgage payments is going towards the interest of the loan ("Renting Verse Buying: Advantage and Disadvantages", 2012). However, homeowners are not throwing the money away in the same way as when renting (Cox, 2012). Assuming that the house does not lose value, some of the money paid toward a mortgage is retained ("Renting Verse Buying: Advantage and Disadvantages", 2012). Monthly payments while buying, should be made directly to the bank until the house is paid in full ("Renting Verse Buying: Advantage and
To use these calculators you will be asked for the loan amount, meaning the top dollar amount you think you can spend on a house. Is it $150,000 or $200,000? Be reasonable when trying to figure this out. The calculator will also want information such as interest rate and terms in years. Terms in years refers to the length of your loan.
Question 2 of 100 (2B5-LS53) Flag for Review A manufacturer with seasonal sales would be most likely to obtain which one of the following types of loans from a commercial bank to finance the need for a fixed amount of additional capital during the busy season? *Source: Retired ICMA CMA Exam Questions Insurance company term loan. Transaction loan. Unsecured short-term term loan. Installment loan.