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NikAS [45]
2 years ago
11

Mr. and Mrs. Revel had $206,200 AGI before considering capital gains and losses. Required: For each of the following cases, comp

ute their AGI:
a. On May 8, they recognized an $8,900 short-term capital gain. On June 25, they recognized a $15,000 long-term capital loss.
b. On February 11, they recognized a $2,100 long-term capital gain. On November 3, they recognized a $1,720 long-term capital loss.
c. On April 2, they recognized a $5,000 long-term capital loss. On September 30, they recognized a $4,800 short-term capital loss.
d. On January 12, they recognized a $5,600 short-term capital loss. On July 5, they recognized a $1,500 long-term capital gain.
Business
1 answer:
uranmaximum [27]2 years ago
7 0

Answer:

For 2020 the maximum capital loss deductible from taxable income is $3,000 and this applies when capital losses exceed capital gains.

a. Net Gain = 8,900 - 15,000

= -$6,100

Their AGI will be;

= 206,200 - 3,000

= $203,200

b. Net Gain = 2,100 - 1,720

= $380

AGI;

= 206,200 + 380

= $206,580

c. Net Gain = - 5,000 - 4,800

= -$9,800

AGI;

= 206,200 - 3,000

= $203,200

d. Net Gain = 1,500 - 5,600

= -$4,100

AGI;

= 206,200 - 3,000

= $203,200

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In terms of the Job Characteristics Model, feedback refers to the extent to which _____.
Bond [772]

Answer:

(E). A person receives clear information about performance effectiveness from the work itself.

Explanation:

According to the Job characteristics model, an employee gets motivation from the job itself, and there are five characteristics that improve an employee's performance on the job. One of these characteristics is "feedback".

The model defines feedback as the <u>extent to which an employee receives information about how effective his or her job performance has been.</u>

8 0
2 years ago
Your entertainment price index (EPI) was computed based on three goods: movie tickets, popcorn, and limeade. If you change the q
DaniilM [7]

Answer:

Your entertainment price index (EPI), might fall or rise, contingent on both the quantity of the goods that you bought and the prices of these goods.

Explanation:

Price index is used extensively to estimate changes in prices overtime and are also used to measure differences in costs among different areas of countries.

4 0
2 years ago
Read 2 more answers
Cahalane Corporation has provided the following data for its two most recent years of operation: Selling price per unit $ 91 Man
ankoles [38]

Answer:

A. The amount of fixed overhead deferred in inventories is $60,000

Explanation:

Unit product cost      

                                            Year 1      Year 2  

Direct materials                      $12         $12

Direct labor                              $5        $5  

Variable manufacturing

overhead                                     $5      $5  

Fixed overhead

                                                   $48      $36  

                           ($432,000 ÷ 9,000)   ($432,000 ÷ 12,000)

unit product cost                       $70      $58

Fixed overhead deferred (1,000 × $48)   $48,000  

Fixed overhead released                                             -$48000  

Fixed overhead deferred (3000 × $36)                        $108,000  

Net                                                             $48,000        $60,000

The amount of fixed overhead deferred in inventories is $60,000

8 0
2 years ago
Rolf Steps is the production manager for a local manufacturing firm. This company produces staplers and other items. The annual
Mumz [18]

Answer:

His maximum inventory level would be 180 units

Explanation:

According to the given data we have the following:

daily demand rate , d=1,600/200=8 units;

daily production rate p=80 units;

C0=25 dollar

Cc=2 dollar

Therefore, Qopt=√2*25*1,600/(2(1-8/80))

Qopt=210.82

But here Rolf decide to produce 200 units each time he started production, hence fix Q=200

Therefore, Maximum inventory level=200*(1-8/80)=200*0.9

Maximum inventory level=180 units

His maximum inventory level would be 180 units

8 0
2 years ago
Five months ago Wilson opened up a health club. Which of the following is an implicit cost related to the health club A. Wilson
Leto [7]

Answer:

Option "A" is the correct answer to the following statement.

Explanation:

Implicit cost is a special type of opportunity cost, its generate when an organization or a business has to pay his cost and does not necessary to show it. for example, a businessman gets a salary from his organization.

  • In this situation, Wilson owns a club and works as an accountant in it.
  • This type of cost defines an Implicit cost for Wilson's health club.
5 0
2 years ago
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