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jek_recluse [69]
2 years ago
9

Keren Wiseman is an employee of Dimensionworks Designs in New Mexico. She received the following achievement awards from her emp

loyer during 2017: Best Design, Santa Fe County: $1,340 Top Graphic Layout, New Mexico: $1,775 Employee of the Year: $785Required:How much of her achievement award income is taxable? ____
Business
1 answer:
puteri [66]2 years ago
8 0

Answer:

$2,300

Explanation:

Assuming that the requirements for qualified plan awards are otherwise satisfied, each award by itself would be excluded from income.

The excludable amount or deduction is $1,600 out of total amount of awards.

Total amount of awards = Design + Graphic + Employee  of the year

                                         = $1,340 + $1,775 + $785

                                          = $3,900

Taxable awards = Total amount of awards – Excludable amount

                            = $3,900 – $1,600

                             = $2,300

However, because the $3,900 total value of the awards is more than $1,600, Keren must include $2,300 in his taxable income.

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Delicious77 [7]
Well...if he earns $75 an hour....and he worked for 20 hours...that's
75 * 20 which = 1500
Now it says he also earns a flat fee....since the question states he billed the client 1800...and he only earned 1500 of it...that must mean that his flat fee would be
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4 0
2 years ago
Parsons Corporation plans to sell 18,000 units during August. If the company has 5,500 units on hand at the start of the month,
kirill [66]

Answer:

17,500 units

Explanation:

Data given in the question

Expected Sale units = 18,000 units

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Ending units = 6,000 units

So, by considering the above information, the number of units produced is

The number of unit produced = Expected sale units + beginning units - ending units

= 18,000 units + 5,500 units - 6,000 units

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3 0
2 years ago
Gamma, Inc. has struggled for industry dominance with Ardent, Inc. its main competitor, for years. Gamma has gathered and analyz
Len [333]

Answer:

Casual Ambiguity

Explanation:

Based on the information provided within the question it is most likely that the source of Ardent's success is Casual Ambiguity. This refers to the situation where it is nearly impossible to relate the effects of something to its initial states or causes. Such as Ardent's ability to acquire so much success or a competitive advantage over its competitors. This also occurs with the development of the prices of shares, options, futures, and similar products on exchanges

5 0
2 years ago
Flora and Fauna Company estimates its doubtful accounts by aging its accounts receivable and applying percentages to various age
vladimir2022 [97]

Answer:

$6,000

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.  

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

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This will be posted as

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4 0
2 years ago
Why do complex decisions often raise ethical considerations for the entrepreneur?
dlinn [17]
Complex decision often needed to be done by cutting off several corners for the most efficient decision to be enactdd.
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3 0
2 years ago
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