Business, 26.11.2019 00:31, damientran

Marie had a good year. she received the following prizes and awards: - an ipad from the famous daytime talk show with a fair market value of $500 - lottery winnings of $1,000 received in cash - a plaque worth $25 plus $100 of godiva chocolate in recognition for 100 days on the job without an accident - a $10,000 cash prize from american idol how much of her prizes and awards should marie report on her tax return?

a. none, they are all excluded from income
b.$11,000; only cash prizes and awards are included
c.$11,500; the award from her job is excluded
d.$11,700; the plaque may be excluded
e.$11,725; everything is included at the highest amount

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 15:20, amulets5239

Sauer food company has decided to buy a new computer system with an expected life of three years. the cost is $440,000. the company can borrow $440,000 for three years at 14 percent annual interest or for one year at 12 percent annual interest. assume interest is paid in full at the end of each year. a. how much would sauer food company save in interest over the three-year life of the computer system if the one-year loan is utilized and the loan is rolled over (reborrowed) each year at the same 12 percent rate? compare this to the 14 percent three-year loan.

Answers: 3

continue

Business, 22.06.2019 15:40, brashley

Acompany manufactures x units of product a and y units of product b, on two machines, i and ii. it has been determined that the company will realize a profit of $3 on each unit of product a and $4 on each unit of product b. to manufacture a unit of product a requires 7 min on machine i and 5 min on machine ii. to manufacture a unit of product b requires 8 min on mchine i and 5 min on machine ii. there are 175 min available on machine i and 125 min available on machine ii in each work shift. how many units of a product should be produced in each shift to maximize the company's profit p?

Answers: 2

continue

Business, 22.06.2019 20:20, baby851

You are the cfo of a u. s. firm whose wholly owned subsidiary in mexico manufactures component parts for your u. s. assembly operations. the subsidiary has been financed by bank borrowings in the united states. one of your analysts told you that the mexican peso is expected to depreciate by 30 percent against the dollar on the foreign exchange markets over the next year. what actions, if any, should you take

Answers: 2

continue

Business, 22.06.2019 23:30, Wolfgirl2032

Mystic bottling company bottles popular beverages in the bottling department. the beverages are produced by blending concentrate with water and sugar. the concentrate is purchased from a concentrate producer. the concentrate producer sets higher prices for the more popular concentrate flavors. a simplified bottling department cost of production report separating the cost of bottling the four flavors follows:

Answers: 3

continue

Do you know the correct answer?

Marie had a good year. she received the following prizes and awards: - an ipad from the famous dayt...