Answers
Based on the information given the gift tax in 2019 is $0.
Gift tax are tax that is imposed by the federal government on taxpayer for giving out gift.
The gift tax for 2019 is $15,000 annually which means that any taxpayer that gift someone else gift either as cash or property that is not above $15,000 will not be taxed or will not incurred any gift tax.
On the other hand any taxpayer that give out gift that is above $15,000 will be taxed which means that the giver will have to file a tax return reason being that the gift is above the recommend yearly gift tax exclusion amount of $15,000.
Based on the given scenario the amount Joshua gave his son which is $13,400 is not above the yearly gift tax of $15,000 which means that Joshua will not file a gift tax return.
Inconclusion the gift tax in 2019 is $0.
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Related Questions
How can life expectancy and literacy rates affect the quality of labor in the economy?
Answers
Explanation:
Life expectancy and literacy rates can affect the quality of labor in the economy because if citizens are literate, they are educated and likely have white-collar jobs. Citizens who are illiterate likely have more manual labor jobs.A nation with lower fertility rates will usually have less people, and scarce resources will take longer to run out
According to the Enterprise case study In a compettive market, what does
enterprise do differently to attract
high-quality candidate.
Answers
The enterprises utilize different methods in a competitive market to tempt high-quality candidates. They use methods of production, advertising through different media, make use of career fairs, and numerous other ways.
Who are high-quality candidates?"High-quality candidates" exist described as individuals who exist well-qualified for the position and who will likely remain a part of the company for a longer duration to create appreciable contributions to its objectives.
The enterprises require to be diverse and innovative to be capable to attract high-quality candidates for their companies to fulfilling their vacuities. They utilize the opportunity to advertise through different forms of media.They look for providing presentations in different places and universities for choosing the candidates. they connect with various organizations and clubs for getting to the diverse candidates.Some companies link with candidates through job fairs and by organizing various kinds of talent and skill sessions. There exist lectures provided by top executives of the company and they exist available for responding to queries and mentoring the candidates.To learn more about High-quality candidates refer to:
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what type of business is the orthodontic practice where Amy works?
Answers
Answer:
I think its a dental practice.
Answer:
Dentistry
Explanation:
Orthodontics is a specialty of dentistry that deals with the correction of misaligned teeth. Basically a dentist who specializes in braces.
PLEASE HELP WILL MARK BRAINLEST!!!!
Which of these elements contributes toward globalization of the
economy?
A. Use of foreign labor
B. Import duties and tariffs
C. Anti-immigration policies
D. Opportunity costs
Answers
Answer:
A
Explanation:
The elements contributes toward globalization of the economy is Anti-immigration policies. Thus, option C is correct.
What is Globalization?Globalization creates greater interconnections among the people and economies of the world. Increasing trade and communication between nations is considered one example of globalization. Globalization represents the exchange and growing liberty between the nation and people worldwide.
Globalization guides toward global cultural, economic and political integration. Conservative Republicans seek to shield American business from Foreign competition by imposing tariffs. Tariff barriers are import tariffs.Tariffs essentially boost the pricing of such imports, giving domestic businesses a competitive advantage in the same marketplaces.
Therefore, The elements contributes toward globalization of the economy is Anti-immigration policies. Thus, option C is correct.
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Think about a financial decision you made regarding the purchase of a big-ticket item or investment within the last five years. Provide a summary on the discussion thread, answering the following questions:What decision did you make?How prepared were you to make the decision?What was your thought process as you were making the decision?What financial information did you need to make the decision and why?What lessons have you learned that you will apply to future financial decisions?
Answers
A fixed asset with a cost of $31,588 and accumulated depreciation of $28,429.20 is sold for $5369.96. What is the amount of gain or loss on disposal of the fixed asset
Answers
Answer:
$2,238.16
Explanation:
In the disposal of assets, gain or loss will be a comparison between the book value and the selling price.
Book value is the asset costs minus accumulated depreciation.
in this case, the book value will be
= Asset cost - Depreciation
= $31,588- $28,429.20
=$3,158.8 is the book value.
Gain or loss = selling price- book value
=$5,369.96 - $3,158.8
=$2,238.16
A gain of$2,238.16 will be gain from that sale.
11. a. Suppose David spends his income M on goods x1 and x2, which are priced p1 and p2, respectively. David’s preference is given by the utility function
(1, 2) = √1 + √2.
(i) Derive the Marshallian (ordinary) demand functions for x1 and x2. (25 marks)
(ii) Show that the sum of all income and (own and cross) price elasticity of demand
for x1 is equal to zero. (25 marks) b. For Jimmy both current and future consumption are normal goods. He has strictly convex and strictly monotonic preferences. The initial real interest rate is positive. If the real interest rate falls, in each of the following cases, argue what will happen to his period 2 consumption level? Clearly illustrate your argument on a graph.
(i) He is initially a borrower. (25 marks)
(ii) He is initially a lender. (25 marks)
Answers
Answer:
Explanation:
D
which describes a set amount of pay recieved by a worker over the course of a year?
o tuition
o expense
o salary
o hourly wage
Answers
Answer:
salary
salary is referred to as a weekly or biweekly sum but in many cases referred to as an annual sum
Explanation:
A set amount of pay received by a worker over a year is called a Salary. Thus the correct option is C.
What is Salary?A salary is referred to as compensation payment which is provided to any employee or worker on the behalf of the work done by them. It refers to the monetary benefits of doing a job. It is given in the organization on yearly basis.
An expense refers to spending on anything which is deducted from the earnings or income of an individual. When in business the amount received is referred to as income which is deducted the expense, and the remaining amount is referred to as Profit.
Hourly wages are given to laborers who work according to an hourly basis. This type of payment is made on construction sites or manufacturing sites where labor is hired for an hourly duration.
Therefore, option C is appropriate.
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In the food service industry, recipes are invaluable because they provide a way for cooks, no matter who or where they are, to achieve consistency of _____ and ______. volume; scale
strain; tare
quality: yield
weight: gauge
Answers
Answer: quality: yield is correct
Explanation: Took the test
In the food service industry, recipes are invaluable because they provide a way for cooks, no matter who or where they are, to achieve consistency of quality and yield. Thus, option (c) is correct.
What is food?The term “food” refers to an edible and consumable material that provides the body with nutrition and vitamins to maintain itself. Plants, humans, animals, and birds all typically eat food. fruits, vegetables, legumes, dairy, and other nutrient-dense foods. The body need the food in order to function, thus it was consumed.
According to the food service sector, was the offered the information of the food as well as the grade of the cuisine. It instructs the cook on what ingredients to use, how to utilize them, and any nutrition facts that may be useful. A recipe's yield is the number of servings it will make.
Therefore, option (c) is correct.
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According to the video, what qualities do Loading Machine Operators need? Check all that apply.
college degree
high-school degree
on-the-job training
customer-service
skills leadership experience
Answers
Answer:
B and C
Explanation:
Edge 2021
Answer:
Explanation:
it is high-school degree and on-the-job training
_____ can be used for up to 90 percent of its assessed value.
Real estate
Accounts receivable
Insurance policies
Equipment
(ONLY ANSWER IF YOU ACTUALLY KNOW)
Answers
Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
Answers
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
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In reviewing the Generally Accepted Auditing Standards (GAAS), there are three main conduct expectations identified, as follows:
Independence
Due care
Technical training and proficiency
Answers
The three main conduct expectations identified in the Generally Accepted Auditing Standards (GAAS) are independence, due care, and technical training and proficiency.
Independence requires the auditor to maintain an objective and impartial attitude throughout the audit process, avoiding any relationships or situations that could compromise their objectivity. Due care requires the auditor to exercise professional skepticism and diligence in planning, performing, and reporting on the audit.
Technical training and proficiency require the auditor to possess the necessary knowledge, skills, and expertise to effectively carry out the audit engagement, staying current with industry developments and professional standards. These conduct expectations serve as a foundation for ensuring the quality and integrity of audit engagements.
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--The complete question is, What are the three main conduct expectations identified in the Generally Accepted Auditing Standards (GAAS)?--
What impact does international marketing have on firms and consumers? Is it beneficial to all concerned?
Answers
Answer:
expands and diversifies your revenue sources by introducing your goods and services to customers in other countries
Explanation:
Thus, if the domestic economy gets sluggish, you can temper the effect through revenue from countries with healthier economies.
Hope it helps!!!Brainliest pls!!!why is Denel seen as a monopoly? discuss for 20
Answers
Answer:
Absence of the competition decreases production and that increases prices.
Explanation:
Hope this helps
2. In 2020, Leon Longrove sold a piece of business equipment that had an adjusted basis to him of $50,000 for $75,000 cash plus artwork that had a fair market value of $25,000. The buyer assumed Leon's $20,000 loan on the equipment. Leon paid $5,000 in selling expenses. What is the amount of Leon's gain on the sale
Answers
Answer:
Leon's gain = $65,000
Explanation:
Total consideration received by Leon = $75,000 (cash) + $25,000 (artwork) + $20,000 (loan assumed by buyer) = $120,000
Leon's total costs = $50,000 (equipment's basis) + $5,000 (selling expenses) = $55,000
Leon's gain = total consideration received - total costs = $120,000 - $55,000 = $65,000
Mary, a college student, needs to borrow $8,000 today for her tuition. She agrees to pay back the loan in a lump-sum payment upon graduating, 4 years from today. The lender agrees to lending at a fixed 3.85% interest rate during the loan period. What is the total cost of Mary's student loan?
Answers
Answer:
$ 9,304.99
Explanation:
The applicable formula is
A = P x (1 + r)^n
where A is the amount after 4 years
P is principal amount $8000
r is interest rate = 3.85% or 0.0385
n = number of periods: 4
A = $8000 x ( 1 + 0.0385) ^4
A = $8000 x (1.0385)^4
A = $8000 x 1.163123
A =$9,304.99
can someone please do this i already did it but i feel like it’s wrong
Answers
The comparison of the following items according to their impact on the value of US dollars is as follows:
Weak dollarWeak dollarWeak dollarStrong dollarStrong dollarStrong dollarStrong dollarStrong dollarStrong dollar.What strengthens a country's currency?Principally, the factors that strengthen a country's currency include:
Interest ratesBalance of tradeForex demand and supplyForeign direct investmentsInflation and growth in the domestic economy.When the exports are more than the imports, the country's currency is strengthened.
Foreign direct investments (FDIs) also strengthen a country's currency.
An import-dependent economy experiences a weak currency while an export-prone economy's currency is relatively stronger than the counterparts.
Thus, internal trade and service activities does not weaken a country's currency, for example, trips and graduation parties, within the United States.
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Example of a market for a good or service that is not rely on a physical store or location 
Answers
An example of a market for a good or service that does not rely on a physical store or location is the online marketplace. With the advent of the internet and e-commerce platforms, businesses and individuals can sell products and services entirely online without the need for a brick-and-mortar store.
Online marketplaces, such as Amazon, eBay, and Alibaba, provide a platform where buyers and sellers can connect and conduct transactions electronically. These platforms enable businesses to showcase their products, provide detailed descriptions, and facilitate secure online payments. Customers can browse through a wide range of products, compare prices, read reviews, and make purchases from the comfort of their own homes.
The online marketplace has revolutionized various industries, including retail, entertainment, travel, and professional services. It allows businesses to reach a global customer base, operate 24/7, and reduce overhead costs associated with physical stores. Additionally, it provides convenience for consumers, who can shop anytime, anywhere, and have products delivered to their doorstep.
Overall, the online marketplace has transformed the way goods and services are bought and sold, offering a virtual alternative to traditional physical stores and locations.
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Heather Green usually buys Heinz Catsup because she likes its taste. But this morning her local grocery was surprisingly out of Heinz, so she decided to buy another highly advertised brand that was on sale because she really needed it for her meal that night. For Heather, Heinz has probably achieved brand:____________a. preference.b. insistence.c. nonrecognition.d. rejection.e. extinction.
Answers
Answer:
a. preference
Explanation:
As in the question it is mentioned that the heather Green normally purchased heinz Catsup as she likes the taste but she decided to purchase another brand i.e. highly advertised also it was on sale and she really needs it
So here the Heinz achieved the preference as usually she purchased the Catsup product but sh purchased another product due to high advertisement
So the preference is shifted to another product
Therefore option a is correct
Mahogany Inc. has an unfavorable total labor variance of $770 for the month of September. It had a favorable labor rate variance of $205. Determine the labor efficiency variance of Mahogany for the month of September. g
Answers
Answer:
$975 Unfavorable
Explanation:
Calculation to Determine the labor efficiency variance of Mahogany for the month of September
Using this formula
Labor efficiency variance=Unfavorable total labor variance + Favorable labour rate variance
Let plug in the formula
Labor efficiency variance=$770+$205
Labor efficiency variance=$975 Unfavorable
Therefore the labor efficiency variance of Mahogany for the month of September is $975 Unfavorable
Place each item in the correct category: (1) affects long-run aggregate supply (LRAS) or (2) does not affect LRAS.
Items (5 items) (Drag and drop into the appropriate area below)
technologythe price levelresourcesinstitutionsexpected future prices
Categories
Affects LRAS
Drag and drop here
Doesn't affect LRAS
Answers
Capital, labor, and technology are the only variables that affect the aggregate supply curve over the long term. The curve may shift to the right as a result of increased capital, more labor availability, and improved technology since it is vertical in the long term.
What affects long run aggregate supply?
Changes in input prices cause the SRAS curve to vary, but the LRAS curve stays at the full-employment output level regardless of input price changes. In the case of the SRAS, there is a brief boost in output as the price rises.
The long-run aggregate supply (LRAS) curve depicts the connection between price level and real GDP that would exist if all prices, including nominal wages, were completely flexible. Along the LRAS, prices can move, but production cannot since it represents the output at full employment.
The LRAS curve is vertical as opposed to the upward-sloping SRAS curve since all expenses adjust over enough time.
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When Holly entered the competition, she had a __percent chance of winning.
When Holly entered the competition, she had a __percent chance of losing.
When Lefty entered the competition, he had a __percent chance of winning.
When Lefty entered the competition, he had a __percent chance of losing.
By the October 6 and 7 round, Holly had ___percent chance of winning.
By the October 8 round, Holly had a ___percent chance of winning.
Answers
Answer:
PERCENT CHANCE = ((No of Probable Outcome) / (Total no of population)) * 100
1. When Holly entered the competition , she had a _____ percent chance of winning.
No of probable outcomes = 1
Total no of population = 8
Percent chance = (1/8) * 100 = 12.5%
2. When Holly entered the competition , she had a _____ percent chance of losing.
No of probable outcomes = 7
Total no of population = 8
Percent chance = (7/8) * 100 = 87.5%
3. When Lefty entered the competition , he had a _____ percent chance of winning.
No of probable outcomes = 1
Total no of population = 8
Percent chance = (1/8) * 100 = 12.5%
4. When Lefty entered the competition , he had a _____ percent chance of losing.
No of probable outcomes = 7
Total no of population = 8
Percent chance = (7/8) * 100 = 87.5%
5. By the October 6 & 7 round, Holly had _____ percent chance of winning.
No of probable outcomes = 1
Total no of population = 4
Percent chance = (1/4) * 100 = 25%
6. By the October 8 round, Holly had _____ percent chance of winning.
No of probable outcomes = 1
Total no of population = 2
Percent chance = (1/2) * 100 = 50%
how do you find marginal revenue
Answers
by dividing the change in total revenue by the change in total output quantity
A company's interest expense is $20,000. Its income before interest expense and income taxes is $140,000. Its net income is $58,800. The company's times interest earned ratio equals:_________ a) 0.42 b) 700 c) 2.38 d) 0.143 e) 0.34
Answers
Answer:
7
Explanation:
The company's times interest ratio is calculated as;
= Its income before interest expense and any income taxes ÷ Interest expense
= $140,000 ÷ $20,000
= 7
Kirkland sells season tickets for six events at a price of $48. For the 2013 season, 2,700 season tickets were sold.
Required:
a. Use the horizontal model to show the effect of the sale of the season tickets. (Enter decreases to account balances with a minus sign.)
b. Use the horizontal model (or write the journal entry) to show the effect of presenting an event.
c. Where on the balance sheet would the account balance representing funds received for performances not yet presented be classified?
Answers
Answer:
a. Assets = Liabilities + Stockholders' Equity = $129,600
b. Debit Unearned ticket revenue for $129,600, and Credit Total revenue for $129,600.
c. It would be classified as an Unearned ticket revenue under the Current Liabilities on the balance sheet.
Explanation:
a. Use the horizontal model to show the effect of the sale of the season tickets. (Enter decreases to account balances with a minus sign.)
Note: See the attached excel file for the horizontal model showing the effect of the sale of the season tickets.
In the attached excel file, the following calculation is done:
Cash = Unearned ticket revenue = Price per season ticket * Number of season tickets sold = $48 * 2,700 = $129,600
Since Stockholders' Equity is equal to zero in the attached excel file, we have:
Assets = Liabilities + Stockholders' Equity = $129,600
b. Use the horizontal model (or write the journal entry) to show the effect of presenting an event.
The journal entry will look as follows:
General Journal Debit ($) Credit ($)
Unearned ticket revenue 129,600
Total revenue 129,600
(To record the effect of presenting an event.)
c. Where on the balance sheet would the account balance representing funds received for performances not yet presented be classified?
It would be classified as an Unearned ticket revenue under the Current Liabilities on the balance sheet.
Production is an example of a marketing activity.
Question 1 options:
True
False
Answers
What are the global implications for the product or service you are marketing? What are the global implications of your marketing strategy and recommendations? “Rockstar video games”
Answers
Answer:
The global implications for the product or service you are marketing is explained below in complete details.
Explanation:
The principal involvement of a marketing maneuvering is the familiarization approaching gathering customer requirements that appears in enhanced customer fulfillment and satisfaction. ... Such a marketing maneuvering is intended to achieve and to grow new customers as you develop a more agreeable character.
PayPal is an example of which of the following?
regionally based currency
traditional currency
cryptocurrency
mobile commerce
Answers
Answer:
mobile commerce is the answer
The correct option is D. PyPal is an example of mobile commerce.
A mobile eCommerce platform offers specific mobile features including loyalty cards, money transfers, deliveries, and banking in addition to mobile ticketing and coupons.
Why do we need mobile commerce?A customer can obtain a wide range of things delivered to their door by using M-commerce. They even receive several offers and discounts. Additionally, a variety of payment options like UPI, debit and credit cards, and cash on delivery make it simpler and more practical for users.
A safe and secure way to send and receive money online is through the use of PyPal. You can use PyPal to make online purchases from participating stores when you link your bank account, credit card, or debit card to your PyPal account.
Thus, D is the right answer. Mobile commerce is exemplified by PyPal.
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What is the price of a two year bond with a 9% annual coupon and a yield to maturity of 8%?
Answers
answer is attached to this ☝️☝️☝️☝️
hope it helps you
