Interview notes
• sandra clark is 45 years old.
• sandra works as a clerk and earned $27,500 in 2019.
• sandra's daughter, debbie, is 26 years old and she is not disabled.
• debbie lived with sandra as a member of her household for all of 2019.
• debbie works as a receptionist and earned $18,250 in 2019.
• sandra purchased health insurance coverage for herself and debbie on the same policy from the marketplace for all of 2019.
• sandra received form 1095-a from the marketplace showing that she and debbie are both covered individuals for all of 2019.

can sandra claim debbie as a qualifying relative on her 2019 return?

a. yes, because debbie lived with sandra as a member of her household for all of 2019.

b. no, because debbie had gross income of more than $4,200 during the tax year.

Bridge building company estimates that it will incur $1,200,000 in overhead costs for the year. additionally, the company estimates 50,000 direct labor hours will be spent building custom walking bridges for the year at a total direct labor cost of $600,000. what is the predetermined overhead rate for bridge building company if direct labor costs are to be used as an allocation base?

Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."

Anita has been named ceo of a popular sports apparel company. as ceo, she is tasked with setting the firm's corporate strategy. which of the following decisions is anita most likely to makea) whether to pursue a differentiation or cost leadership strategy b) which customer segments to target c) how to achieve the highest levels of customer satisfaction d) what range of products the firm should offer