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geniusboy [140]
2 years ago
10

Helen is a U.S. citizen and a CPA who moved to London, England, three years ago to work for a British company. This year, she sp

ent the entire year in London and earned a salary of $126,400. How much of her salary will she be allowed to exclude from gross income in the United States?
Business
1 answer:
True [87]2 years ago
7 0

Answer and Explanation:

$102100 is the foreign earned income exclusion limit for 2017 , therefore Helen who is a U.S. citizen can exclude $102100 from gross income in the U.S.

You might be interested in
Starbucks has become a phenomenon worldwide, with more than 24,000 stores in more than 60 countries. Sales are great even at rel
gogolik [260]

Answer:

Explanation:

Starbucks has existed for quite long in the United States. Its name is generally synonymous with coffee. Its success in foreign but less developed and emerging markets may be attributed to perception, owing to advertisements and popularization. Advertisements made to potential consumers glamourize the products, making potential purchasers more. Popularization, on the other hand may be attributed to “showbiz”- celebrity synonymity with Starbucks’ products. A movie may feature celebrities taking a Frappuccino from Starbucks. Upon arrival in a new market, a celebrity’s fan is most likely to take a Frappuccino since celebrity so and so took it in a certain movie and declared it good. Another reason for success may be that the bourgeoisie individuals of an emerging market may take to Starbucks products in order to enjoy what their counterparts in developed markets have been enjoying and glamorizing.

8 0
2 years ago
Note: Use the Tax Tables to calculate the answers to the problems listed.
kkurt [141]

Answer:

  1. $104.50
  2. $67.50
  3. $65.50
  4. $77.50
  5. $56.50

Explanation:

the income tax to withhold from the biweekly wages are :

  • <u> </u><u>Karen Overton (single, 0 allowances), $900 wages</u>

=$34.90 + ($900 - 436) x 15%

= $104.50

  • <u> Nancy Haller (married, 4 allowances), $1,000 wages </u>

=($1000 - 325 ) x 10%

= $67.50

  • <u>Alan Glasgow (married, 1 allowance), $980 wages </u>

=($980 - 325 ) x 10%

= $65.50

  • <u>Joseph Kerr (single, 4 allowances), $720 wages </u>

= $34.90 + ($720 - $436) x 15%

= $77.50

  • <u> </u><u>Ginni Lorenz (single, 1 allowance), $580 wages</u>

= $34.90 + ($580 - $436) x 15%

= $56.50

5 0
2 years ago
only a monopolistically competitive firm operates at its efficient scale. both a perfectly competitive firm and a monopolistical
irinina [24]

Answer:

Correct Answer:

only a monopolistically competitive firm operates at its efficient scale.

Explanation:

In a given market, a given organization or firm could operate either in a monpolistically competitive or perfectively competitive at its efficient scale. However, in the long run, only a monopolistically competitive firm operates at its efficient scale.

3 0
2 years ago
The Digby company will sell 100 units (x1000) of capacity from their Drat product line. Each unit of capacity is worth $6 plus $
Y_Kistochka [10]

Answer:

The question is not complete, find the below complete question:

The Chester company will sell 100 units (x1000) of capacity from their Cat product line. Each unit of capacity is worth $6 plus $4 per automation rating. The Chester company will sell the capacity for 35% off. How much do they receive when the capacity is sold? Note: Automation rating is 7.0 per unit of capacity.

a) $1,870,000

b) $1,190,000

c) $2,210,000

d) $3,400,000

The correct option is C,$2,210,000

Explanation:

Th price per unit =$6+($4*automating rate) as given in the question

the price per unit=$6+($4*7)

                            =$6+$28

                            =$34

The actual worth of capacity =price per unit*number of units

number of units is 100,000

price per unit is $34

actual worth of capacity=$34*100,000

                                      =$3,400,000

Actual amount received=$3,400,000*(1-0.35)

                                       =$2,210,000.00  

The amount of received is $2,210,000

8 0
2 years ago
Read 2 more answers
Adnan Hassan earned 5% commission as a sales trainee. After
wel

Answer:

He earns $296780 as a Sales Trainee and $377094 as a Sales Associate

<em />

Explanation:

Given

Let x represents his sales as a sales trainee

Let x represents his sales as a sales associate

Total Sales: x + y = 673874

Total Commission: 0.05x + 0.08y = 45006.52

Required

Find x and y

Equations

x + y = 673874 --- (1)

0.05x + 0.08y = 45006.52 --- (2)

Make  y the subject of formula in (1)

x + y = 673874

y = 673874 - x

Substitute this in (2)

0.05x + 0.08y = 45006.52

0.05x + 0.08(673874 - x) = 45006.52

Open Bracket

0.05x + 53909.92 - 0.08x = 45006.52

Collect Like Terms

0.05x  - 0.08x = 45006.52 - 53909.92

- 0.03x = -8903.4

Divide through by -0.03

x = \frac{-8903.4}{-0.03}

x = 296780

Recall that

y = 673874 - x

y = 673874 - 296780

y = 377094

<em>Hence;</em>

<em>He earns $296780 as a Sales Trainee and $377094 as a Sales Associate</em>

8 0
2 years ago
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