What percentage of medical insurance payments can self-employed taxpayers deduct as a deduction for adjusted gross income on their 2019 tax returns?

Answers

Answer 1

Answer:

"100%" would be the right answer. A further explanation is given below.

Explanation:

Self-employed employees become entitled to withhold the remainder of premiums for individuals, eligible families, and certain dependents, namely the 100 percent including its medical benefit payment (which includes dental and even deep-term healthcare insurance). Because it is the law unless net profits exceed the compensation premium, which is likely to subtract $100.

Related Questions

An equal partnership is formed by Rita and Gerry. Rita contributes cash of $10,000 and a building with a fair market value of $150,000, adjusted basis of $55,000, and subject to a liability of $60,000. Gerry contributes cash of $100,000. What amount of gain must Rita recognize as a result of this transaction?A. $35000
B. $65000
C. $70000
D. $25000
E. None of these choices are correct

Answers

Answer:

A. $35000

Explanation:

The computation of the amount of gain that recognized is shown below:

= Value of the building adjusted + cash contributed - building liability + 50%  shares on debt

= $55,000 + $10,000 - $60,000 + $60,000 × 50%

= $55,000 + $10,000 - $60,000 + $30,000

= $35,000

Hence, the  amount of gain that recognized is $35,000

Therefore the correct option is A.

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Assuming that the standard fixed overhead rate is based on full capacity, the cost of available but unused productive capacity is indicated by the: _________

a. factory overhead cost controllable variance
b. factory overhead cost volume variance
c. factory overhead direct labor variance
d. standard capacity utlization variance

Answers

Answer:

B)factory overhead cost volume variance

Explanation:

From the question, there was an an assumption that the standard fixed overhead rate is based on full capacity, in this case the cost of available but unused productive capacity is indicated by the factory overhead cost volume variance. Factory overhead cost volume variance can be regarded as the difference that exist between the fixed overhead that is associated to those good/ service from the firm on production volume and the budgeted amount that is associated to goods) services that are been produced. fixed overhead costs

could be Factory rent and others.

Fowler, Inc., just paid a dividend of $2.55 per share on its stock. The dividends are expected to grow at a constant rate of 3.9 percent per year, indefinitely. If investors require a return of 10.4 percent on this stock, what is the current price

Answers

Answer:

The current price of the stock is $40.76

Explanation:

The computation of the current price is shown below:

Current price is

= Current year dividend ÷ (Required rate of return - growth rate)

= ($2.55 × (1 + 0.039) ÷ (10.4% - 3.9%)

= $2.6495 ÷ (0.104 - 0.039)

= $2.6495 ÷ 0.065

= $40.76

Hence, the current price of the stock is $40.76

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Flagstaff Company has budgeted July production of 8,200 units. Variable factory overhead is $1.2 per unit. Budgeted fixed factory overhead is $20,500, which includes $3,300 of factory equipment depreciation. Compute the total budgeted overhead for July.

Answers

Answer:

Allocated MOH= $30,340

Explanation:

Giving the following information:

Flagstaff Company has budgeted July production of 8,200 units. Variable factory overhead is $1.2 per unit.

Budgeted fixed factory overhead is $20,500

To calculate the allocated overhead, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= (1.2*8,200) + 20,500

Allocated MOH= $30,340

A 10-year 5.5 percent coupon bond was issued 3 years ago. It pays interest semiannually, and has a yield to maturity of 6.23 percent. What is the current market price of the bond

Answers

Answer:

The current market price of the bond is $959.09

Explanation:

Price of the bond is the present value of all cash flows of the bond. These cash flows include the coupon payment and the maturity payment of the bond. Both of these cash flows discounted and added to calculate the value of the bond.

According to given data

Face value of the bond = F = $1,000  ( Assumed )

Coupon payment = C = $1,000 x 5.5% x 6/12 = $27.5

Number of periods = n = ( 10 years - 3 years ) x 12/6 = 14 period

Yield to maturity = 6.23% annually x 6/12 = 3.115% semiannually

Price of the bond is calculated by following formula:

Price of the Bond = C x [ ( 1 - ( 1 + r )^-n ) / r ] + [ F / ( 1 + r )^n ]

Price of the Bond = $27.5 x [ ( 1 - ( 1 + 3.115% )^-14 ) / 3.115% ] + [ $1,000 / ( 1 + 3.115% )^14 ]

Price of the Bond = $308.22 + $650.87

Price of the Bond = $959.09

If the inflation rate is positive power is ?. This situation is reflected in the ? Rate of return on an investment, which will be ? The ? Rate of return

Answers

Answer:

If inflation rate is positive, purchasing power of money decreases thus the rate of returns on investment decreases.

Explanation:

Suppose it takes $1.05 to buy 1 euro, the U.S. price level is 120, and the European price level is 125. A. Calculate the real exchange rate for the U.S. against the euro.B. Suppose the U.S. price level rises to 130. Calculate the real exchange rate again and explain why it has risen or fallen.

Answers

Answer:

0.914

0.990

Explanation:

Real Exchange rate= e * P/P

where

e = nominal exchange rate

P = Domestic Price Level

P* = Domestic Price Level

On that basis, we calculate that

a.)

$1/$1.05 = 0.9523

0.9523 * 120/125 =

0.9523 * 0.96 =

0.914

b)

$1/$1.05 = 0.9523

0.9523 * 130/125 =

0.9523 * 1.04 =

0.990

Also, there is going to be a change in the domestic price level. This change will then go on to affect the real exchange rate

A stock had returns of 5.10%, 31.60%, and -21.20% in each of the past three years. Over the past four years, the arithmetic average annual return for the stock was 4.75%. What was the geometric annual return for the stock over the past four years?a. 2.91% (plus or minus 0.02 percentage points)b. 3.06% (plus or minus 0.02 percentage points)c. 3.37% (plus or minus 0.02 percentage points)d. 5.07% (plus or minus 0.02 percentage points)e. None of the above is within 0.02 percentage points of the correct answer

Answers

Answer:

The correct option is c. 3.37% (plus or minus 0.02 percentage points).

Explanation:

Note that since we are asked to find the geometric annual return for the stock over the past four years but we are only given the stock returns for  each of the past three years, this implies that the stock return to be used for the first year of the past four years will be the arithmetic average annual return for the stock over the past four years.

Therefore, the geometric annual return for the stock over the past four years can now be computed using the following formula:

Geometric average return = {[(1 + r1) * (1 + r2) * (1 + r3) * (1 + r4)]^(1/4)} - 1 ....... (1)

Where;

r1 = Stock return in year 1 = arithmetic average annual return = 4.75%, or 0.0475

r2 = Stock return in year 2 = 5.10%, or 0.0510

r3 = Stock return in year 3 = 31.60%, or 0.3160

r4 = Stock return in year 4 = -21.20%, or -0.2120

Substituting the values into equation (1), we have:

Geometric average return = {[(1 + 0.0475) * (1 + 0.0510) * (1 + 0.3160) * (1 - 0.2120)]^(1/4)} - 1

Geometric average return = 1.14166543988^(1/4) - 1

Geometric average return = 1.03367666813442 - 1

Geometric average return = 0.03367666813442, or 3.367666813442%

Rounding to 2 decimal places, we have:

Geometric average return = 3.37%

Therefore, the correct option is c. 3.37% (plus or minus 0.02 percentage points).

Parkway Void Co. issued 16-year bonds two years ago at a coupon rate of 8.5 percent. The bonds make semiannual payments. If these bonds currently sell for 109 percent of par value, what is the YTM? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Answers

Answer:

The annual YTM will be = 0.07518796992 or 7.518796992% rounded off to 7.52%

Explanation:

The yield to maturity or YTM is the yield or return that an investor can earn on the bond if the bond is purchased today and is held till the bond matures. The formula to calculate the Yield to maturity of a bond is as follows,

YTM = [ ( C + (F - P / n))  /  (F + P / 2) ]

Where,

C is the coupon payment

F is the Face value of the bond

P is the current value of the bond

n is the number of years to maturity

Lets assume the par value is 1000.

Current value = 1000 * 109% = 1090

Coupon payment = 1000 * 0.085 * 6/12 = 42.5

Number of periods remaining till maturity = 14 * 2 = 28

semi annual YTM = [ (42.5 + (1000 - 1090 / 28))  /  (1000 + 1090 / 2)

semi annual YTM = 0.03759398496 or 3.759398496% rounded off to 3.76%

The annual YTM will be = 0.03759398496 * 2 = 0.07518796992 or 7.518796992% rounded off to 7.52%

One of the major benefits of using a balanced scorecard is the recognition that business success is driven by factors in addition for the financials. True False

Answers

Answer:

True

Explanation:

The major benefits of using a balanced scorecard is the recognition that business success is driven by factors in addition for the financials.

This is true because the balanced scorecard helps in the balanced assessment of the different factors such as key strategic decisions etc are also responsible for an organization’s growth and developments asides the financials alone.

True, one of the major benefits of balanced scorecard is that its helps recognize factors which are necessary to drive a business success.

The Balanced scorecard is a management performance metric which helps to identify and improve the company's internal operations to help their external outcomes.

The Balanced scorecard forms part of internal factors which can be controlled and helps to measures past performance data as well as provides feedback to make better decisions.

Therefore, it is true that one of the major benefits of balanced scorecard is that its helps recognize factors which are necessary to drive a business success.

Learn more about Balanced scorecard here

brainly.com/question/16942444

Serena is a 38-year-old single taxpayer. She operates a small business on the side as a sole proprietorship. Her 2019 Schedule C reports net profits of $15,624. Her employer does not offer health insurance. Serena pays health insurance premiums of $7,545 in 2019. Serena also pays long-term care insurance premiums of $600 in 2019.

Answers

Explanation:

7,545 + 420 = 7,965

Because Serena is 38 years old, she is limited to $420 on long-term care insurance premium deductible.

Answer:

fgdhdth

Explanation:

What are some of the reasons that work teams have become more prevalent in todayâs organizations? How do they provide a competitive advantage?

Answers

Answer: working as a team sets up organizations for outstanding success and Improvement of team members

Explanation:

Working as a team has been a great help for most organizations. It's been realized that success experienced by many firms has been a result of what the teams accomplished when they worked together on a project, here are some reasons why they become prevalent;

1) Unity is being fostered within their activities, everyone is able to understand each other and know how to cooperate with the other

2) Productivity and efficiency is usually on the high as teams that work together put in a lot of energy to be productive in many efficient ways

3) There is an opportunity to learn from the group, thereby improving the skills of everyone on the group

They provide a competitive advantage when they work together, with everyone's effort, progress, success and achievement's are bound to occur.

TIME REMAINING
53:22
Which of these is a banking activity of the Fed?

printing money
regulating securities markets
storing money for banks
funding government programs

Answers

Answer:

C

Explanation:

Answer:

C

Explanation:

Duerr Company makes a $79,000, 30-day, 12% cash loan to Ryan Co. The note and interest to be collected at maturity is: (Use 360 days a year.)a. $79,000.b. $790.c. $79,790.d. $78,210.e. $88,480.

Answers

Answer:

c. $79,790

Explanation:

The computation of the note and interest collected at maturity date is showb below:

Maturity value = Principal + interest

where,

Principal is $79,000

And, the interest is

= $79,000 ×30 days ÷ 360 days × 12%

= $790

So, the maturity value is

= $79,000 + $790

= $79,790

Hence, the maturity value is $79,790

Therefore the correct option is c.

Your company has been offered credit terms of 4/30, net 90 days. What will be the nominal annual percentage cost of its non-free trade credit if it pays 145 days after the purchase?

Answers

Answer:

itififjdjidkridjdjjr

Employees are most likely to change a job because of:

Answers

Answer:

increasing salary for fullfilling their demand

You have been managing a $5 million portfolio that has a beta of 1.05 and a required rate of return of 9.775%. The current risk-free rate is 4%. Assume that you receive another $500,000. If you invest the money in a stock with a beta of 0.75, what will be the required return on your $5.5 million portfolio

Answers

Answer:

9.62%

Explanation:

Re = Rf + (B x Rp)

Re = cost of equity = 9.775%

Rf = risk free rate = 4%

B = beta = 1.05

Rp = risk premium = ?

Rp = (Re - Rf) B = (9.775% - 4%)/1.05 = 5.5%

Re portfolio = Rf + {Rp x [(B₁ x $5/$5.5) + (B₂ x $0.5/$5.5)]}

Re portfolio = 4% + {5.5% x [(1.05 x $5/$5.5) + (0.75 x $0.5/$5.5)]}

Re portfolio = 4% + {5.5% x [0.9545 + 0.0682]}

Re portfolio = 4% + 5.6249% = 9.62%

Sixth Fourth Bank has an issue of preferred stock with a $6.30 stated dividend that just sold for $125 per share. What is the bank’s cost of preferred stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Answers

Answer:

5.04%

Explanation:

The stated dividend of sixth fourth bank is $6.30

It is sold at $125 per share

Therefore the bank's cost of preferred stock can be calculated as follows

= 6.30/125

= 0.0504 × 100

= 5.04%

Elizabeth Brown is looking to invest in a three-year bond that makes semi-annual coupon payments at a rate of 5.675 percent. If these bonds have a market price of $977.11, what yield to maturity can she expect to earn?

Answers

Answer:

The yield to maturity is 6.53%

Explanation:

The computation of the yield to maturity is shown below:

Given that

Assume future value be $1,000

The Present value is $977.11

PMT = $1,000 × 5.675% ÷ 2 = $28.375

NPER = 3 × 2 = 6

The formula is given below:

= RATE(NPER;PMT;-PV;FV;TYPE)

The present values comes in negative

After applying the above formula, the yield to maturity is

= 3.263% × 2

= 6.53%

From 7 people comprising of 5 men and 2 women , 4 people are to be selected. If random variale is count of women, what is the frequency of 2 women?"
2
0
10
None of the above

Answers

Answer: 10

Explanation:

From the queen, we are informed that from 7 people comprising of 5 men and 2 women , 4 people are to be selected.

To calculate the frequency of 2 women we can. get goes thus:

= 5C2 2C2

= 5! / (5-2)!2!

= 5! /3!2!

= 5 × 4 × 3 × 2 / 3 × 2 × 2

= 10

Therefore, the frequency of 2 women is 10

In the context of managing inventories in supply chains,__________is the time between placement of an order and its receipt.

a. The lead time
b. A time series
c. The changeover time
d. A time horizon

Answers

Answer:

a. The lead time

Explanation:

The lead time is the time that shows the difference between the time at which the process gets started and the time at which the process get  finished. This can be reviewed in the manufacturing, supply chain management at the time when there is a prior processing, within processing and after processing

Therefore according to the given situation, the option a is correct

hence, all the other options are incorrect

=

Government patent regulations specify that investors will maintain exclusive legal rights for how long

Answers

Answer:

A limited time

Explanation:

Suppose a popular band decides to hold a free concert in its hometown. Admission is available on a first-come, first-served basis. This concert is an example of: multiple choice an artificially scarce good. a public good. a common resource. a private good.

Answers

Answer:

None but a rival goods.

Explanation:

Public goods means a product that cannot reduce the consumption of one person due to the consumption of other person. Providing a free concert is necessarily excludable because it is possible to charge entrance. Only a limited person can attend the concert, so it is a rival goods. The free concert is not a public goods none common resources and private goods

____ is a general term that refers to subdividing work and workers into separate organizational units that are responsible for completing particular tasks.

Answers

Answer:

Functional departmentalization.

Explanation:

Functional departmentalization is a general term that refers to subdividing work and workers into separate organizational units that are responsible for completing particular tasks. Downward communication is used in functional departmentilazation.

Downward communication can be defined as the formal flow of information and messages within an organizational hierarchy; which is mainly from a higher level (senior management) of an organization to a lower level (middle management) and lastly, to the least (subordinates).

When downward communication are effectively and properly used in an organization, it helps them to achieve their aims, goals and objectives successfully.

Blinding Light Co. has a project available with the following cash flows: Year Cash Flow 0 −$35,070 1 7,970 2 9,570 3 13,560 4 15,610 5 10,340 What is the project's IRR?

Answers

Answer:

The project's IRR is 17.28%

Explanation:

IRR is the discount rate at which the NPV of the project's cash flow becomes zero. ThNPV calculated using discount rate below IRR is positive and over IRR is negative.

To calculate the IRR using the following formula

IRR = Lower Rate + ( Lower rate NPV / ( Lower rate NPV - Higher rate NPV ) ) x ( Higher rate - Lower rate )

Now calculate the NPV two different rates

NPV at 17%

Year___Cash Flows__Preser value factor 17%__Present value

0______($35,070)___( 1 + 17%)^-0 = 1 _________($35,070)

1_______$7,970____ ( 1 + 17%)^-1 = 0.8547 _____$6,812  

2_______$9,570____( 1 + 17%)^-2 = 0.7305 ____$6,991  

3_______$13,560___ ( 1 + 17%)^-3 = 0.6244 ____$8,466  

4_______$15,610____( 1 + 17%)^-4 = 0.5337 ____$8,330  

5_______$10,340____( 1 + 17%)^-5 = 0.4561____ $4,716

NPV ___________________________________ $246

NPV at 18%

Year___Cash Flows__Preser value factor 18%__Present value

0______($35,070)___( 1 + 18%)^-0 = 1 _________($35,070)

1_______$7,970____ ( 1 + 18%)^-1 = 0.8475 _____$6,754.24  

2_______$9,570____( 1 + 18%)^-2 = 0.7182 _____$6,873.03

3_______$13,560___ ( 1 + 18%)^-3 = 0.6086 ____ $8,253.04

4_______$15,610____( 1 + 18%)^-4 = 0.5158 _____$8,051.46

5_______$10,340____( 1 + 18%)^-5 = 0.4371_____ $4,519.71

NPV ___________________________________ ($618.52 )

Nox place the values in the formula

IRR = 17% + ( ( $246 / ( $246 - ( - 618.52 ) ) ) x ( 18% - 17% )

IRR = 17.28%

Mapping the network of primary trading partners is something that should be done to: _________

a. Review and establish supply chain strategies
b. Obtain point-of-sale information from customers
c. Help the firm decide which businesses to include in its supply chain management efforts
d. Assess and improve internal integration of key supply chain processes

Answers

Answer:

Option c: Help the firm decide which businesses to include in its supply chain management efforts

Explanation:

Mapping the network of primary trading partners helps us to dentify critical supply chain trading partners.

Mapping according to this question is the representation of the plan, it features and sometimes drawn. It gives one a broad understanding about the work/project at hand.

Pacific Inc. has EBIT of $50m per year in perpetuity. The cost of capital of unlevered firm is 10%. Pacific's current market values of debt and equity are $100mm and $260mm respectively. Its corporate tax rate is 30%. What is the decrease in the firm's value due to expected financial distress costs?

Answers

Answer:

$20 mm

Explanation:

Calculation for What is the decrease in the firm's value due to expected financial distress costs

First step is to calculate the Value of unlevered firm using this formula

Value of unlevered firm = EBIT x (1 - tax) / Cots of capital

Let plug in the formula

Value of unlevered firm = 50 x (1 - 30%) / 10%

Value of unlevered firm= $350 mm

Now let calculate expected financial distress costs

Using this formula

Market Value of equity = Value of unlevered firm + Tax shield - Debt - Expected Financial Distress

Let plug in the formula

260mm= 350 mm+ 30% x 100mm - 100mm - Expected Financial Distress

260mm= 350 mm+ 30mm - 100mm - Expected Financial Distress

260mm= 280mm-Expected Financial Distress

Expected Financial Distress = $20 mm

Therefore the decrease in the firm's value due to expected financial distress costs will be $20 mm

You expect to receive $2,600 upon your graduation and will invest your windfall at an interest rate of 0.33 percent per quarter until the account is worth $4,375. How many years do you have to wait until you reach your target account value?

a. 34.55 years
b. 39.49 years
c. 36.86 years
d. 42.53 years
e. 39.68 years

Answers

Answer:

n= 39.49 years

Explanation:

Giving the following information:

Present value (PV)= $2,600

Future value (FV)= $4,375

Interest rate (i)= 0.33/100= 0.0033

To calculate the number of years, we need to use the following formula:

n= ln(FV/PV) / ln(1+i)  

n= ln(4,375/2,600) / ln(1.0033)

n= 157.96/4

n= 39.49 years

Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $11.15, but management expects to reduce the payout by 6 percent per year indefinitely. If you require a return of 12 percent on this stock, what will you pay for a share today

Answers

Answer:

the stock price is $58.23

Explanation:

The computation of the price pay per share today is shown below:

Stock price is

= Current year dividend ÷ (required rate of return - growth rate)  

= $11.15 × (1 - 0.06) ÷ (12% - (-6%)

= $10.48 ÷ 18%

= $58.23

Hence, the stock price is $58.23

We simply applied the above formula so that the correct value could come

And, the same is to be considered

The financial statement that reports assets liabilities and stockholders Equity as of the last day of the is called:_____.1. Balance Sheet.
2. Income Statement.
3. Statement of Cash Flows.

Answers

Answer:

1. Balance Sheet.

Explanation:

The balance sheet shows the Assets, Liabilities and stockholders equity at the end of a period.

Balance Sheet shows the financial position of  a business. The balance sheet follows the concept of the Accounting equation as follow

Assets = Stockholders equity + Liabilities

Formate of a balance sheet is attached with the answer please find it

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