Eric and James are registered domestic partners and are both residents of, and domiciled in, California. Eric makes $47,200, and James makes $46,800. Eric also received $820 in interest income from Eric's investment fund, which he inherited and has maintained as separate property during the partnership. What amount will Eric report on his federal and California returns?
Answers
According to the question, the amount of $ 48,020 will Eric report on his federal and California returns. It will include interest income from Eric's investment fund of $ 820.
What do you mean by investment fund?An investment fund gives investors access to a wider range of investment choices, superior management, and fewer investment fees than they might be able to on their own.
An investment fund is a pool of money that many individuals contribute to the purchase of securities while each investor has ownership and control over his or her individual shares.
Investment funds come in a variety of forms, such as mutual funds, exchange-traded funds, money market funds, and hedge funds.
Therefore,
Eric's earnings = $ 47,200
Add: Interest income from Eric's investment fund = $ 820
Federal return on Eric's report = $ 48,020.
The amount of $ 48,020 will Eric report on his federal and California returns.
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Related Questions
do some countries benefit more than others from globalization?
Answers
Answer:
Globalization has benefited an emerging "global middle class," primarily people in China, India, Indonesia, and Brazil, as well as the world's top 1%. People at the bottom of the income scale, and the lower-middle class in rich countries, suffered.
Explanation:
To drive customers to your website, you need to create
Answers
Answer:
Explanation:
To drive customers to your website, you need to create a comprehensive digital marketing strategy that includes various tactics to attract and engage potential customers. Some of the most effective ways to drive traffic to your website are:
Search Engine Optimization (SEO): Optimize your website and its content to rank higher on search engine results pages (SERPs) for relevant keywords.
Pay-per-click (PPC) Advertising: Use paid search ads to target specific keywords and drive traffic to your website.
Content Marketing: Create valuable and informative content, such as blog posts, videos, infographics, and ebooks, that attracts and engages your target audience.
Social Media Marketing: Use social media platforms to promote your content, interact with customers, and drive traffic to your website.
Email Marketing: Build an email list and use it to send targeted and personalized messages to your subscribers, promoting your website and its content.
Influencer Marketing: Partner with influencers in your industry to promote your website and products to their followers.
Referral Marketing: Encourage your existing customers to refer their friends and family to your website, offering incentives for successful referrals.
Affiliate Marketing: Partner with other websites and publishers to promote your products and services, paying them a commission for each sale or lead generated.
By implementing a combination of these tactics and regularly monitoring and adjusting your strategy, you can drive targeted traffic to your website and ultimately convert them into customers.
PLS MARK ME BRAINLIEST
Answer:
A solid marketing plan
Explanation:
I took the test and this was the correct answer
Principles of Investment
Which characteristic is most imortant in determining an investment's level of risk
Answers
Answer:
demand for investments
Explanation:
Question 27 (2 points)
Which of the following is not one of the four factors of production?
Entrepreneurship
Human resources
Production resources
Natural resources
Answers
Answer:
Entrepreneurship
Explanation:
It costs Cool Clothes Company $15 to produce one pair of jeans, but they needed to discontinue production of shirts to focus on jeans. For this company, the $15 is the _______, and discontinuation of shirt production is considered their __________. opportunity cost; production cost production cost; resource cost production cost; opportunity cost resource cost; production cost
Answers
Answer:
production cost; opportunity cost
Explanation:
The $15 is the production cost and the shirt is the opportunity cost
What is opportunity cost?Simply put, opportunity cost is the alternative forgone, it is the benefit forfeited for another.
In this case, the shirt was forfeited for the production of jeans, despite the possibility of still making a profit in shirt production.
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You have a credit card bill from ABC Credit for a total of $3,754. Please group the transactions within the appropriate T-Accounts based on the chart of accounts in your resources section. Within that balance the following transactions are listed:
$420 Office Supplies
$334 Auto (company van payment)
$1500 123 Computers to Go
$250 Electric Company
$100 Water
$150 Good Steak House (company luncheon)
$250 ABC Office Supplies
$100 Fuel Stop
$650 Furniture
Answers
Credit card bill from ABC credit have listed a number of expenses made, these needs to be posted according to the relevant accounting heads.
What is Accounting?Accounting is the calculation of cash, in other terms it is the study of debit and credit. The accounting teaches the treatment of different transactions, the transactions are divided in different heads, asset, expense, income, liability and capital.
T Accounts should be made as follows.
Assets
DR $1500 Computers
DR $650 Furniture
DR $334 Van Payment
Expenses
DR $420 Office Supplies
DR $250 Electric Company
DR $100 Water
DR $250 Office Supplies
Petty Expenses
DR $150 Steak House
DR $100 Fuel Stop
The expenses are distributed among the heads that they are relevant to, petty expenses only contains the payment for expenses that are immaterial in nature and amount, Asset account have the payments made for assets.
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In Ricci v. DeStefano, Ricci, a white firefighter, took and passed the City of New Haven firefighter's test, required of all applicants for promotion in the city's fire department. The test was thrown out when it was discovered that minorities scored poorly and the city feared a disparate impact-based lawsuit. How did the court rule?
A) An employer may not simply disregard a test based on unwanted results unless the test is shown to be biased or deficient.
B) Even though the test was prepared by a professional testing organization, the city has the right to reject the test results if minorities do not score adequately
C) Deliberately oversampling minorities to seek to create a fair test is irrelevant if the test results show that minorities still scored poorly
D) Ricci, as a member of the white majority, had no grounds to sue when the city was seeking the legitimate aim of nondiscrimination
Answers
Answer:
The correct answer is A. In Ricci v. DeStefano, the Supreme Court ruled that an employer may not simply disregard a test based on unwanted results unless the test is shown to be biased or deficient.
Explanation:
Ricci v. DeStefano is a Supreme Court ruling of 2009, after a lawsuit by nineteen firefighters who claimed to have been discriminated against in terms of career development. They denounced that they had been discriminated after having passed the admission tests and still had not been promoted, since no African-American candidate had passed the tests. They also denounced that they had not been promoted because the Fire Department did not want to promote a group of new recruits without including within it any member of racial minorities.
Finally, the Supreme Court established that said procedure violated Title VII of the Civil Rights Act of 1964, since in the case equal access to employment was not guaranteed (in this case, favoring minorities over white firefighters), for set different demands for purely racial reasons.
The following information is available for Water Inc. Date Units Unit Cost January 1, 2020 (beginning inventory) 100 $50.00 Purchases: January 10, 2020 75 52.00 January 15, 2020 150 52.50 January 30, 2020 100 55.00 The company maintains a periodic inventory system. A physical count shows 125 units in stock on January 31. What is (a) ending inventory on January 31, and (b) cost of goods sold for January, using the FIFO inventory method
Answers
Answer:
125 and $15,156.6
Explanation:
The end inventory us 125 units and thus 300 units were sold
If you were in Chris’s position would you have attended the interview covered in paint? Why
or why not? What did this show about Chris’s drive?
Answers
Yes, despite the fact that I knew it could make or break my career, I would attend the interview. I would accept the risk and hang onto the remote chance I had of getting the job.
What is The Pursuit of Happyness about?A struggling salesman who is about to embark on a career that will change his life obtains custody of his son. The true story of entrepreneur Chris Gardner's rise from poverty to success is told in the movie "The Pursuit of Happiness." An inspirational drama starring Will Smith is based on the real-life journey of a single father who moved from being homeless to being a prosperous businessman.
The story of Pursuit of Happyness begins in 1981 in San Francisco, when Chris Gardner, a salesman, invests his entire life savings in portable bone-density scanners. Although he is successful in selling most of them, the gap between his income and growing financial needs enrages his already bitter and estranged wife, Linda, who works as a lodge maid. Despite their worries about Christopher Jr., their soon-to-be five-year-old son, the financial volatility is destroying their marriage.
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Blossom Company borrows $69,600 on July 1 from the bank by signing a $69,600, 10%, 1-year note payable.
(A) prepare the journal entry to record the proceeds of the note.
(B) Prepare the journal entry to record accrued interest at December 31, assuming adjusting entries are made only at the end of the year.
Answers
To record the proceeds of the note, the following journal entry is made:
Date | Account | Debit | Credit
July 1 | Cash | $69,600 |
| Notes Payable | | $69,600
What is the journal entry to record the proceeds of the note?The company received $69,600 in cash, which is recorded as a debit to the Cash account. The company incurred a liability by borrowing the money, which is recorded as a credit to the Notes Payable account.
To record accrued interest at December 31, the following journal entry is made:
Date | Account | Debit | Credit
December 31 | Interest Expense | $6,960 |
| Interest Payable | | $6,960
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An investor, who had $75,000 to contribute, was choosing between a boutique and a local shoe shop. After careful deliberation, the investor chose the boutique. In the first year, the boutique generated enough profit to pay the investor $15,000 (an agreed percentage of profits to be paid to the investor). The investor found out that if he had invested in the local shoe shop he would have received $9,000 (an agreed percentage of profits to be paid to the investor).
The investor's economic profit was:________
Answers
Answer:
$6000
Explanation:
Economic profit = accounting profit - implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
accounting profit = 15,000
Implicit cost = 9000
15,000 - 9000 = $6000
the following balance where extracted from the book of Alfsal, a sole trader as at 31/12/2014 capital 198000 ,drawing 10700, building 300000, office equipment (cost le 22000) 15000, patent 24000, delivery van at cost63000, Accumulated depreciation delivery vans 14000, stock 01/01/2014 29000, sale485,000, purchase 196000, return outward 5300, return inward 17000, creditor 21900, debtor 34800, discount received 1400, wages and salaries 105,000, general expenses 13000,stationary 4800, tem loan(received on 01/04/2014) 50,000. vat 17300. provision for bad debts 2500. Advertising 5700. insurance 9,000. loan interest paid 1,000. bank42,600. PRSI/USU 10,200. profit and loss balance 01/01/2014 65,000. you are given the following aditional information: stock for resale at 31/12/2014 was le 19,000. stationary paid in advance was le 1,200. provision should be made for interest due on loan. the rate of interest is 6%per annum. wages and salaries are to be divided 75%for employees and drawings. building 10% of cost. delivery van 10% of net book value. office equipment 20% of cost. provision for bad debts is to be adjusted to 10% of debtors . you are required to prepare a trading and profit and loss account for the year ended 31/ 12/2014. balance sheet as at 31/12/2014.
Answers
Here is the trading and profit and loss account for the year ended 31/12/2014:
The Trading and Profit and Loss AccountFor the year ended 31/12/2014
Particulars Amount
Sales €485,000
Less: Cost of Goods Sold €196,000
Gross Profit €289,000
Less: Expenses
- Wages and Salaries (75%) €78,750
- General Expenses €13,000
- Stationary €4,800
- VAT €17,300
- Provision for Bad Debts €3,480
- Advertising €5,700
- Insurance €9,000
- Loan Interest €600
- PRSI/USU €10,200
Net Profit €157,370
Here is the balance sheet as at 31/12/2014:
Balance Sheet
As at 31/12/2014
Assets Liabilities
Cash €42,600
Bank €1,200
Debtors €34,800
Stock €19,000
Capital €213,570
Drawings €10,700
Building €300,000
Office Equipment €15,000
Patent €24,000
Delivery Vans €49,000
Accumulated Depreciation €28,000
Provision for Bad Debts €3,730
Loan €50,000
Profit and Loss €157,370
Total €618,570
Total €618,570
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Identify the normal balance (debit or credit) for each of the following accounts.
Answers
Explanation:
u didn't complete it, I didn't see it oo
Golden Enterprises started the year with the following: Assets $125.000: Liabilities $42,500: Common Stock $73,000, Retained Earnings $11,000 During the year, the company earned revenue of $6,700, all of which was received in cash, and incurred expenses of $3,850, all of which were unpaid as of the end of the year. In addition, the cominy paid dividends of $2700 to owners. Assume no other activities occurred during the year The amount of Golden's retained earnings at the end of the year is:_________
Answers
Answer:
$11,150
Explanation:
The amount of Golden's retained earnings at the end of the year is calculated below
Ending retained earnings = Beginning retained earnings + Net income - Dividends
= $11,000 + ($6,700 - $3,850) - $2,700
= $11,150
Consider the following BPMN diagram:
Answers
If we look at the process model, we can see that Task A is the first task and must always be completed in order for the model to be run. Further observation reveals that because an exclusive gateway is employed, any of the two jobs, B and C, is carried out individually rather than simultaneously. As we continue to move through the BPMN diagram, we see that task M is the conversing task and is therefore always run along with a networks message flow from it to task F, which is done as soon as a message is received in pool 2 and finishes.
An item of networking hardware or software called a gateway is used in telecommunications networks to allow data to go from one distinct network to another.
The way that gateway differ from routers and switches is that they can join various networks using more than one protocol to communicate and that they can function at any of the seven OSI levels.
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If fixed costs are £1000, the selling price per unit is £10 and variable costs per unit are £5, what is the breakeven output?
Answers
According to the question of fixed costs, the breakeven output is 200 units.
What is fixed costs?Fixed costs are costs that do not vary with the amount of output produced by a company. They are expenses that must be paid regardless of the amount of goods or services produced by the company. Fixed costs include rent, insurance, debt service payments, depreciation, office supplies, and utilities. They are also known as overhead costs and are the same at any level of production. Fixed costs are important in cost-volume-profit analysis, as they do not change with the amount of output.
This is calculated by dividing the fixed costs by the contribution margin (the difference between the selling price and the variable costs). In this example, the contribution margin is £5 (selling price of £10 minus variable costs of £5) and therefore the breakeven output is £1000 (fixed costs) divided by £5 (contribution margin) = 200 units.
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1.2. in 100-150 words, discuss eight different types of non-verbal communica tion. add an appropriate in-text Citation and a source list. Do not copy and paste information but paraphrase the important text in your own words
Answers
Nonverbal communication is that the transfer of knowledge through visual communication, facial expressions, gestures, and space. As an example, a smile conveys friendliness, receptivity, and openness in an encounter.
There are eight forms of nonverbal communication:
Visual communication: Body language is that the way you position your body in response to situations, environments, and moods.
Movement: How you progress your arms and legs. B. you’ll convey a range of messages to your audience, like walking fast, walking slowly, standing, sitting, or fidgeting.
Posture: The way you sit and stand also reflects your level of comfort, professionalism, and general attitude towards people and conversations.
Gestures: Gestures vary widely from community to community, but are commonly used intentionally or unintentionally to convey information to others.
Space: Creating or closing distance between you and people around you conveys messages about your well-being, the importance of conversation, your desire to support and connect with others, etc.
Paralinguistic: Paralinguistic include non-verbal elements of language such as: B. Speaking speed, pitch, intonation, volume, etc.
Facial Expressions: one among the foremost common styles of nonverbal communication is facial expressions. Using the eyebrows, mouth, eyes, and facial muscles to convey emotions and data is very effective.
Eye Contact: Strategic use of eye content, or lack of eye contact, may be a very effective thanks to convey attention and interest.
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three basic team member types exist within a typical six sigma project team; members provide expert information, council, or help in accessing resources when called upon by the project team leader, members participate in all activities of the team and attend as many team meetings as possible, and members provide expertise on an as-needed basis as subject matter experts.
Answers
Regular, ad hoc, and resource members are the three basic categories of team members. Certified as a Black Belt White Belts.
A certified black belt's primary duty as a full-time employee is leading teams on Six Sigma projects.
How do Six Sigma teams work?
Stakeholders, executives, champions, and team members (yellow belts) who are under the direction of a green belt or black belt often make up a Six Sigma team formation. Master black belts, black belts, green belts, and yellow belts are examples of project level members who assist in managing the improvement endeavor.
For teams working on Six Sigma projects, how many full-time people are advised?
An ideal project team size is generally agreed to be between 4-6 individuals based on the extensive research that has been done on the subject.
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Innovate ways where you can prove the law of action-reaction.
Answers
The ways where you as a person can prove the law of action-reaction are:
When a player pushes the ball forward with force while holding it, the ball pushes back on the player's hand.Student tugs on desk, which tugs back on student (This is how you can "pull" yourself forward.)How can the law of action and reaction be proven?When a person pushes against a wall (action force), the wall pushes back with an equal and opposing force (reaction force). The Space Shuttle lifts (there is no slingshot involved!) because the hot gases push out hot gases (action force) and exert a force on the Space Shuttle engines (reaction force).
Therefore, it can also be shown through Swimming. With the use of the hands, a forward-swimming individual forces the water to move backward. A response force is created as a result of the action force that the individual is exerting.
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what are the three economic questions everyone must answer
Answers
Answer:
the three important economic questions are
1 - What are goods and services?
2-How should these goods and services be produced?
3-Who consumes these goods and services?
Employees are having issues accessing the company's website. Some employees report very slow performance, while others cannot the website at all. The web and security administrators search the logs and find millions of half-open connections to port 443 on the web server. Further analysis reveals thousands of different source IPs initiating this traffic. Which of the following attacks is MOST likely occurring?
A. DDoS
B. Domain hijacking
C. MAC flooding
D. Man-in-the-middle
Answers
A self-signed certificate with the identical issuing and subject entities must be used as the original certificate.
The Certification Path, also known as the Certificate Chain, is an ordered sequence of certificates with identical topic and issuing entities for each certificate. A certification path is another name for an ordered collection of certificates where each certificate's subject entity is the same as its parent certificate's issuer. The first certificate must be distinct, though, as the issuing entity cannot be identified from a previous certificate. A self-signed certificate with the identical issuing and subject entities must be used as the original certificate. a list of certificates that are arranged in alphabetical order, with identical subject and issuing entities for each certificate.
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Deposits of $1,530 each were received for advance tour reservations from 10 school groups. At November 30, all of these
deposits have been earned.
Answers
A plant asset cost ₤320,000 and is estimated to have a ₤40,000 residual value at the end of its 8-year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be？
Answers
Depreciation is the process of allocating the price of a plant asset to expense in the accounting periods benefiting from its use.
How is the whole depreciation of a plant asset calculated?Determine the value of the asset. Subtract the estimated salvage price of the asset from the cost of the asset to get the whole depreciable amount. Determine the beneficial lifestyles of the asset. Divide the sum of step (2) by using the wide variety arrived at in step (3) to get the annual depreciation amount.
Depreciation is the technique of allocating to expense the cost of a plant asset over its beneficial (service) existence in a rational and systematic manner. Such cost allocation is designed to desirable in shape prices with revenues.
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When wili the U.S. Armed Forces provide financial aid?
A. Before, during, and after your service
OB. During and after your service
OC. Before and after your service
D. After you have served two years
Answers
The U.S. Armed Forces will provide financial aid during and after your service. The Option D is correct.
When will U.S. Armed Forces provide financial aid?The Forces offer financial aid during and after your service. This support is available to servicemembers throughout their military career and extends into their transition back to civilian life.
During service, the financial assistance may come in the form of various benefits including housing allowances, educational benefits such as the GI Bill and health care coverage. After completing their service, veterans may be eligible for additional financial aid programs like VA home loans, disability benefits etc.
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Guys, This question determines my life.
1.If nothing Is faster than light, then how did the dark get there first?
Answers
Answer:
its simply not true that nothing is faster than light. ill give a quick proof: black holes. Gravity is stronger and faster than light, because gravity captures light and prevents it from leaving the black hole.
Explanation:
If a perfectly competitive firm receives a marginal revenue of $10 for its product and the minimum average variable cost is $11, then the firm should, in the short run:
a.reduce the level of output its produces
b.increase the level of output it produces
c.neither increase nor decrease the level of output it produces
d.shut down
Answers
If a perfectly competitive firm receives a marginal revenue of $10 for its product and the minimum average variable cost is $11, then the firm should, in the short run shut down.
For a perfectly competitive firm, the marginal revenue tends to equal price and as well as the average revenue. So, this implies that the firm's marginal cost curve in its short-run supply curve for values is thus greater than the average variable cost. So, if the price drops below average variable cost, the firm shuts down.
So, a firm's total profit is maximized by the producing the level of output at which marginal revenue for the last unit produced will thus equal its marginal cost, or MR = MC.
Hence, option D is correct.
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how does a persons work experience affect their pay wage?
Answers
Answer:
Up to a certain point, more experience typically translates into higher income. Similar to the last example, if the job requires someone with 10 years of expertise in a specific field and you don't satisfy those qualifications, you can find yourself working at the lower end of the wage scale.
Explanation:
A chair manufacturer has two divisions: framing and upholstering. The framing costs are $100 per chair and the upholstering costs are $200 per chair. The company makes 5,000 chairs each year, which are sold for $500. a. What is the profit of each division if the transfer price is $150? b. What is the profit of each division if the transfer price is $200?
Answers
The profit of each division if the transfer price is $150 is: $50,150 and the profit of each division if the transfer price is $200 is $150, $50.
How to find the profit?a. Profit
Department Framing
Profit = Transfer Price - Cost
Profit = 150 - 100
Profit = 50
Department upholstering
Profit = Market price - ( Framing cost + Upholstering cost)
Profit = 500 - (150 +200)
Profit = 150
b. Profit
Department Framing
Profit = Transfer Price - Cost
Profit = 250 - 100
Profit = 150
Department upholstering
Profit = Market price - ( Framing cost + Upholstering cost)
Profit = 500 - (250 +200)
Profit = 50
Therefore the profit for the two division is $50 and $150; $150 and $50.
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What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answers
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
Suppose that the demand and supply for good X are
=60−2 +0.01+7 !"#
=−600+10 $"
Where = quantity demand; = quantity supply; =Price of X; = Average !$"
consumer income; and = Price of a related good R #
(i) Is good X normal or inferior? Explain.
(ii) Are goods X and R substitutes or complements? Explain.
(iii) Suppose that = 40,000 and = 20, what are the equilibrium price and
quantity?
(iv) What happens to equilibrium price and quantity if supply shift to:
=−360+10
Answers
(i) Good X is an normal good as it is directly proportional to average consumer income. When consumer income increases, demand for good X also increases.
What is consumer income ?Consumer income is the money that a person or household earns from wages, salaries, investments, pensions, and other sources. It is the money that is available to be spent on goods and services, such as food, housing, clothing, entertainment, and other necessities. Consumer income is closely linked to GDP, as it is one of the major drivers of economic activity. As consumer income increases, people are more likely to spend money, which stimulates the economy.
(ii) Goods X and R are substitutes since a rise in the price of one will lead to a rise in the demand for the other. A change in the price of one good will affect the demand for the other.
(iii) If = 40,000 and = 20, then the equilibrium price and quantity of Good X can be determined by solving the equation:
60−2 +0.01*40000+7*20 = −600+10*20
This gives the equilibrium price of X to be $58 and the equilibrium quantity to be 800.
(iv) If the supply shifts to =−360+10, then the equilibrium price and quantity of Good X can be determined by solving the equation:
60−2 +0.01*40000+7*20 = −360+10*20
This gives the equilibrium price of X to be $48 and the equilibrium quantity to be 600. As the supply has shifted, the equilibrium price of Good X has decreased from $58 to $48 and the equilibrium quantity has decreased from 800 to 600.
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