Larry is a military retiree who receives social security benefits. Although he lives in Pennsylvania, he spends more than half his time in Maryland due to his consulting jobs. He is 66 years old. Which of the following is a true statement a.) The states that levy an income tax will always confirm to federal tax law b.) Social Security benefits are always exempt from state taxes. c.) In some cases, a taxpayer may have to file resident tax returns in two states because he is a dual resident d.) military retirement pay is always exempt from state taxes
Answers
When someone is a dual resident, it means they meet the criteria for being a resident in more than one state. In Larry's case, he spends more than half his time in Maryland,
so he could be considered a resident of both Pennsylvania (where he lives) and Maryland (where he spends a significant amount of time for his consulting jobs).
When someone is a dual resident, they may have to file resident tax returns in both states. This means they would need to report their income and pay taxes to both states based on the income earned within each state's jurisdiction.
It's important to note that each state has its own rules and regulations regarding taxation, including how they treat military retirement pay and Social Security benefits.
Therefore, statement
a.) The states that levy an income tax will always conform to federal tax law, and statement
b.) Social Security benefits are always exempt from state taxes, are not necessarily true in all cases.
c.) In some cases, a taxpayer may have to file resident tax returns in two states because he is a dual resident.
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Related Questions
Suppose you have three choices as to what to do for two hours on Sunday afternoon: work around the house, earning $3.50 an hour; baby-sit for your neighbor earning $10 an hour; or go to the movies and pay $6 for a ticket. You choose to go to the movies. What is your opportunity cost?
Answers
Answer:
the opportunity cost is in the case when you choose to go to the movies is $20
Explanation:
The computation of the opportunity cost is in the case when you choose to go to the movies is shown below:
= Earning per hour × number of hours
= $10 × 2 hours
= $20
Hence, the opportunity cost is in the case when you choose to go to the movies is $20
Which of the following list correctly iidentifies a few of the basic events all market economies share
Answers
Private property, freedom, self-interest, competition, minimum government intervention are the characteristics of a market economy.
Individual ownership of private property, The right to make a profit from private property and the law of supply and demand identifies a few of the basic events all market economies share.
Several fundamental principles are shared by market economies. First off, having private property as an individual gives one the freedom to possess and manage assets. Responsible resource management and investment are encouraged by this ownership. Second, one of the primary forces behind economic activity is the right to profit from private property. It promotes risk taking, innovation and entrepreneurship, which helps the economy grow.
The law of supply and demand is a foundational principle. According to this, the equilibrium between supply the amount that is readily available and demand (consumer preferences) determines the prices of goods and services. Collectively, these ideas create the framework for market economies encouraging competition, creativity and effective resource allocation.
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Which of the following list correctly identifies a few of the basic events all market economies share
Individual ownership of private property; the right to make a profit from private property; the law of supply and demand
Which of the following statements are correct? Select one: a. A problem always has an answer b. If possible, instead of making assumptions you could seek clarification on any ambiguity with the problem creator c. having good problem solving skills is more about the process you take and your ability to think critically than coming up with an answer. d. Puzzle based learning does not help develop problem solving skills e. A& B f. B\&C g. All of the above
Answers
Out of the given statements, "If possible, instead of making assumptions you could seek clarification on any ambiguity with the problem creator" and "having good problem-solving skills is more about the process you take and your ability to think critically than coming up with an answer" are correct.
Out of the given statements, "If possible, instead of making assumptions you could seek clarification on any ambiguity with the problem creator" and "having good problem-solving skills is more about the process you take and your ability to think critically than coming up with an answer" are correct. Therefore, the correct option is (f) B & C.More than 100 words:It is necessary to understand the process of problem-solving as it is important to develop certain skills that help in finding a solution to the problem. One of the important skills is the ability to think critically. Good problem-solving skills is more about the process you take and your ability to think critically than coming up with an answer. It is more of a step-by-step process that helps identify the issue, generate possible solutions, analyze each option, and finally choose the best solution. However, assumptions can cause problems as they often end up being inaccurate. Instead of making assumptions, it is better to seek clarification on any ambiguity with the problem creator to gain more insight into the problem. This will help find an accurate solution. Puzzle-based learning can also be beneficial in developing problem-solving skills. It can help individuals learn how to approach a problem from a different perspective. Thus, it is important to have a good understanding of problem-solving skills as they are essential for various aspects of life, including academics, work, and personal life.
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Select the correct answer.
What economic concept is applied in this statement?
By earning higher levels of education, students learn skills and are more likely to be employed. In their jobs, they use their skills to provide goods
and services to others.
Answers
The economic concept that is applied in the statement is D. positive externality.
What is a positive externality?Positive externality refers to the production and consumption of a good or service that benefits some other third parties, who are not directly involved in the transaction.
Some examples of activities that create positive externality include:
EducationVaccinationLocal investmentsBuilding of infrastructure.Thus, the economic concept that is applied in the statement is D. positive externality.
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According to the video, some workers who work for themselves, such as Actors, Musicians, or Writers, may have what
sort of worker represent them to potential customers?
O an Agent
O a Headhunter
an Employer
a Mentor
Answers
Answer:
an Agent
Explanation:
just answered it and got correct
Answer: Agent
Explanation: just got it right on edge
When the great depression first began, what did herbert hoover propose as an economic solution?.
Answers
When the great depression first began, herbert hoover propose cutting taxes as an economic solution. Economics focuses on the actions and interactions of economic agents as well as the operation of economies.
Microeconomics examines what are thought of as the fundamental components of the economic, such as the activities of individual agents and markets as well as the interactions that result from those actions. Households, businesses, buyers, and sellers are just a few examples of individual agents.
Tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxes payers are paying the right amount of taxes at the right time and securing the correct tax allowances and tax reliefs. Tax is defined as a mandatory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organisation in order to fund government spending and various public expenditures.
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In the product flow, what type of flow happens when customers return or reject goods?
Reverse flow
bad product flow
value flow
none of the above
Answers
Answer:
reverse flow
Explanation:
What type of business sells to the end consumer
Answers
Answer:
business-to- consumer (B2C)
Explanation:
Commerce is a business model which typically involves the buying and selling of goods or products at a given price.
Generally, commerce comprises of four (4) business models and these are;
1. Business to Business (B2B).
2. Consumer to Consumer (C2C).
3. Business to Government (B2G).
4. Business to Consumer (B2C).
A Business to Consumer (B2C) can be defined as a market which typically involves businesses selling their goods and services directly to the end consumers for their personal use.
Hence, the type of business that sells to the end consumer is known as business-to- consumer (B2C).
Some examples of companies that engage in the Business to Consumer (B2C) business model are; Amazon, Goo-gle, Walmart, Alibaba, Uber, LinkedIn, etc.
This résumé format focuses on an applicant™s work experience and education: a. chronological b. functional c. skills d. electronic please select the best answer from the choices provided a b c d
Answers
16. Joel has recently accepted a job offer and is trying to decide whether he should rent or buy housing. He is
relocating to an urban area with public transportation although he does have a bike that he enjoys riding and
would need to be able to store. This is his first position since graduating from college and he doesn't know
anybody in the area. Since he is an architect, he needs space for his drafting table and enjoys designing
homes. In the area below list at least three reasons why he should choose either renting or buying as his
housing choice. (6 points)
Answers
Joel reasons to choose renting maybe Flexibility, Lower upfront costs
and Maintenance and repairs whereas Reasons to choose buying maybe Investment and equity, Customization and personalization and Stability and community.
Reasons to choose renting:
1-Flexibility: Renting provides greater flexibility and mobility. As Joel is new to the area and his first job after college, renting allows him to easily explore different neighborhoods and get a better understanding of the city before committing to a long-term housing investment. He can easily relocate if he finds a better job opportunity or wants to explore a different part of the city.
2-Lower upfront costs: Renting typically requires lower upfront costs compared to buying a home. Joel can avoid the substantial down payment, closing costs, and ongoing expenses associated with homeownership. This allows him to allocate his financial resources towards other priorities or investments.
3-Maintenance and repairs: As a renter, Joel would not be responsible for major maintenance and repairs. If something breaks or needs fixing, he can simply notify the landlord or property management, saving him time, money, and the stress of dealing with unexpected home repairs.
Reasons to choose buying:
1-Investment and equity: Buying a home allows Joel to build equity overtime. Instead of paying rent to a landlord, he can invest in his own property and potentially benefit from appreciation in the housing market. Owning a home can provide long-term financial stability and serve as a valuable asset.
2-Customization and personalization: As an architect and someone who enjoys designing homes, owning a property would give Joel the freedom to customize and personalize his living space. He can create a dedicated workspace for his drafting table and design his home according to his preferences and needs.
3-Stability and community: Buying a home can provide a sense of stability and belonging. Joel can establish roots in the community, get to know his neighbors, and become more involved in the local area. Owning a home can provide a greater sense of belonging and long-term stability, especially for someone looking to settle down and establish a more permanent lifestyle.
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The following monthly sales of chocolate boxes (in thousands of
AUS dollars) have been recorded for January, February, March, and
April, respectively: 9.5, 8, 9, 9. Examining the forecasting
accuracy
Answers
The forecasting accuracy for the monthly sales of chocolate boxes is moderate.
In the given data, the monthly sales of chocolate boxes for January, February, March, and April are 9.5, 8, 9, and 9 (in thousands of AUS dollars) respectively. To assess the forecasting accuracy, we compare the actual sales figures with the forecasted values.
The forecasting accuracy is determined by analyzing the variance between the actual sales and the forecasted values. In this case, the sales figures for January, March, and April match the forecasts, indicating accurate predictions for those months. However, there is a discrepancy in February, where the actual sales of 8 thousand AUS dollars deviate from the forecasted value. This discrepancy suggests that the forecast for February was not as accurate.
It's important to note that a moderate forecasting accuracy implies a reasonable level of accuracy overall, but with some room for improvement. To enhance the accuracy of future forecasts, further analysis should be conducted to identify the factors contributing to the discrepancy in February and adjust the forecasting model accordingly.
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Which of the following leadership theories offers answers about whether there is an optimism way for leaders to adjust their behaviors with different followers in which factors should the leader base his behavior on?
Answers
Answer:
path-goal theory
Explanation:
The path-goal theory is one that gives the leader the possibility to adapt his behavior according to individual and collective needs in the work environment. This theory aims to ensure that the leader recognizes the needs of each employee and indicates the path necessary to achieve the objectives and goals of the organization.
This model aims to achieve greater motivation and productivity with a leadership model based on the fulfillment of the employee's individual expectations in relation to their work.
The assembly line changed automobile production methods because: (A)Workers decided what tasks they would perform during the workday. (B)The parts to be worked on were brought to the workers on a moving belt. (C)Workers moved from one car to the next and performed a small task on each one. (D)It enabled each worker to assemble a larger portion of an entire car.
Answers
Answer:
d
Explanation: hi
Which tools allow economists to determine if the allocation of resources determined by free markets is desirable?.
Answers
what is 1+1 its my homework
Answers
Answer:
2 :D lol
Explanation:
4. Tim moves to a different state and buys a house in his new city. His new house is bigger than the apartment he lived in before, so he also buys new furniture. His property taxes are higher for his new house, but sales tax he pays on his new furniture is lower. Which of these taxes is progressive, and which are regressive? What is the difference between a progressive and a regressive tax? (8 points)
Answers
Answer:
Property tax is progressive
Sales Tax is regressive
A progressive tax is one that takes a higher proportion of revenue from high-income people than it does from low-income people. A regressive tax is one that takes a higher percentage of low-income people's income than it does from high-income people.
Explanation:
27. Many organizations do not have a formal trouble reporting system. Why do you think this is the case?
Answers
Many organizations may not have a formal trouble reporting system for several reasons. One primary factor could be a lack of awareness regarding the benefits of such a system. Organizations might underestimate the importance of tracking and resolving issues in a systematic manner, which could lead to inefficiencies and dissatisfaction among employees and stakeholders.
Another reason could be the perceived complexity and cost associated with implementing a formal trouble reporting system. Organizations might assume that setting up such a system requires significant resources, both in terms of time and financial investment. This perception might discourage them from establishing a systematic approach to handling issues. Additionally, some organizations may rely on informal methods of reporting trouble, such as personal communication or ad hoc meetings, believing that these are sufficient for addressing problems. In reality, these methods may not be as effective as a formal system in terms of providing transparency, accountability, and traceability. Lastly, organizational culture and resistance to change could also play a role. Employees and management might be accustomed to existing processes and resistant to adopting new systems, especially if they believe that current methods are working well.
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6
A company that is located in the U.S. and sells its product to customers in Mexico is participating in what?
A. Demographics
B. News media
C. The global marketplace
D. Web marketing
Answers
Answer:
c
Explanation:
the global marketplace
Answer:
C
Explanation:
got it right on Edge
Which is an example of an accounting function for a business?
1.) Designing print advertisements
2.) Preparing a balance sheet
3.) Hiring employees
4.) Testing computer software
Answers
robert williams plans to invest $20,700 a year at the end of each year for the next seven years in an investment that will pay him a rate of return of 10.0 percent. how much money will robert have at the end of seven years? (round factor values to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25.)
Answers
Future Value of the investment is $196,443.69
The amount of money that Robert will have at the end of seven years can be determined by calculating the Future Value (FV) of the investment.
The Future Value (FV) of an investment can be calculated using the following formula:FV = P × [(1 + r)n – 1] ÷ r
Where, P = the amount of periodic payment or contribution,
r = the rate of interest per period,
n = the number of periods
FV = Future Value (or amount of money Robert will have at the end of seven years)
Using the given values in the formula:
P = $20,700r = 10.0% per annum (or 0.1 per annum) for 7 years
n = 7 years
The Future Value (FV) of the investment can be calculated as:FV = $20,700 × [(1 + 0.1)7 – 1] ÷ 0.1
FV = $20,700 × (1.10^7 – 1) ÷ 0.1
FV = $20,700 × (1.948717 – 1) ÷ 0.1
FV = $20,700 × 0.948717 ÷ 0.1
FV = $20,700 × 9.48717
FV = $196,443.69
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Complete question:
robert williams plans to invest $20,700 a year at the end of each year for the next seven years in an investment that will pay him a rate of return of 10.0 percent. how much money will robert have at the end of seven years? (round factor values to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25.)
Future Value of the investment ?
time is limited i have 2 minuets on this
The best time to visit a college campus is:
A) during spring break.
B) Monday through Thursday.
C) over the summer.
D) on any Friday.
Answers
Explanation: looking it up it says “later summer early September”
Ricardo wants to rent a personal watercraft for a beach party. Wavy Dave's charges $17. 50 per hour plus a $20 fuel fee. Sun'N'Fun charges $15. 00 per hour plus a $30 fuel fee. After how many hours will Sun'N'Fun be cheaper than Wavy Dave's?.
Answers
Answer:
5 hours
Explanation:
(h = hour)
Wavy Dave's:
h1=20 + 17.50= 37.50
h2= 20 + 17.50 + 17.50 = 55
h3= 20 + 17.50 + 17.50 + 17.50 = 72.50
h4 = 20 + 17.50 + 17.50 + 17.50 + 17.50 = 90
h5= 20 + 17.50 + 17.50 + 17.50 + 17.50 + 17.50 = 107.50
Sun'N'Fun:
h1= 30 + 15 = 45
h2= 30 + 15 + 15 = 60
h3= 30 + 15 + 15 + 15 = 75
h4= 30 + 15 + 15 + 15 + 15 = 90
h5= 30 + 15 + 15 + 15 + 15 + 15 = 105
the difference between personal assets and personal liabilities
Answers
Answer:
Assets include the value of securities and funds held in checking or savings accounts, retirement account balances, trading accounts, and real estate. Liabilities include any debts the individual may have including personal loans, credit cards, student loans, unpaid taxes, and mortgages.
Explanation:
Answer:
Assets: include the value of securities and funds held in checking or savings accounts, retirement account balances, trading accounts, and real estate.
Liabilities: include any debts the individual may have including personal loans, credit cards, student loans, unpaid taxes, and mortgages.
Difference between Assets & Liabilities:
Assets are what a business owns and liabilities are what a business owes. Both are listed on a company's balance sheet, a financial statement that shows a company's financial health. Assets minus liabilities equals equity, or an owner's net worth.
the bell weather company is a new firm in a rapidly growing industry. the company is planning on increasing its annual dividend by 19 percent a year for the next 4 years and then decreasing the growth rate to 3 percent per year. the company just paid its annual dividend in the amount of $2.60 per share. what is the current value of one share of this stock if the required rate of return is 8.10 percent?
Answers
The current value of one share of this stock if the required rate of return is 8.10 percent 95.49.
A dividend is a distribution of profits by means of a corporation to its shareholders. while an enterprise earns a profit or surplus, it can pay a portion of the income as a dividend to shareholders. Any quantity no longer disbursed is taken to be re-invested inside the enterprise.
Dividend 1 = 2.30 * (1+0.16)^1 = 2.668
Dividend 2 = 2.30 * (1+0.16)^2 = 3.09488
Dividend 3 = 2.30 * (1+0.16)^3 = 3.5900608
Dividend 4 = 2.30 * (1+0.16)^4 = 4.164470528
P4 = (4.164470528) * (1+0.04) / (0.078 - 0.04)
P4 = 113.975
P0 = 2.668 / (1 + 0.078) + 3.09488 / (1 + 0.078)^2 + 3.5900608 / (1 + 0.078)^3 + 4.164470528 / (1 + 0.078)^4 + 113.975 / (1 + 0.078)^4
P0 = 95.486
P0 = 95.49.
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ABM Services paid a $4.15 annual dividend on a day it closed at a price of $54 per share. What
was the yield?
Answers
Answer:
Explanation:
94:15
Kathy is buying her first home. She is financing a total of $185,000 at an APR of 5% for 25 years. How much are her monthly payments
Answers
Based on Kathy's total cost of financing the home, the APR, and the period, her monthly payments would be $1,081.49.
How much would Kathy pay per month?Find the monthly period:
= 25 x 12
= 300 months
The monthly rate:
= 5%/12
= 5/12%
The monthly amount is:
= 185,000 / (( 1 - (1 + 5/12%)⁻³⁰⁰) / 5/12%)
= $1,081.49
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Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
Answers
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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An organizational model that consists of a company's overseas subsidiaries and is characterized by centralized decision making
and tight control by the parent company over most aspects of worldwide operations is known as the model.
A. international
B. multinational
C. global
D.
transnational
E. intranational
Answers
A multinational company generally has offices and/or factories in different countries and a centralized head office where they coordinate global management. These companies, also known as international, stateless, or transnational corporate organizations tend to have budgets that exceed those of many small countries.
Vaughn Company's sales budget projects unit sales of part 1982 of 12,400 units in January, 14,000 units in February, and 17.000 units in March. Each unit of part 1982 requires 4 pounds of materials, which cost $2 per pound. Vaughin Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20%5 of the next month's expected unit sales. These goals were met at December 31,2021 . (a) Prepare a production budget for January and February 2022.
Answers
The production budget is a plan that specifies the number of units that must be manufactured to meet anticipated sales demand and provide enough inventory to meet the next month's expected sales.
The production budget for January and February 2022 is given below:
Production Budget for January 2022:
Part 1982 Sales Units (January) = 12,400 units
Therefore, the Production Units Required in January are:
Production Units = Sales Units + Desired Ending Inventory
Production Units = 12,400 units + (1.4 × Material Required for January) - (0.4 × Material Required for February)
Production Units = 12,400 units + (1.4 × 4 × 12,400) - (0.4 × 4 × 14,000)
Production Units = 12,400 units + 68,960 - 22,400
Production Units = 59,960 units
Therefore, the production budget for January 2022 is:
Part 1982 Production Budget (January) = 59,960 units
Production Budget for February 2022:
Part 1982 Sales Units (February) = 14,000 units
Therefore, the Production Units Required in February are:
Production Units = Sales Units + Desired Ending Inventory
Production Units = 14,000 units + (1.4 × Material Required for February) - (0.4 × Material Required for March)
Production Units = 14,000 units + (1.4 × 4 × 14,000) - (0.4 × 4 × 17,000)
Production Units = 14,000 units + 78,400 - 27,200
Production Units = 65,200 units
Therefore, the production budget for February 2022 is:
Part 1982 Production Budget (February) = 65,200 units
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identify two methods by which data maybe collected from supplier, customer, government
Answers
Answer:
Questionnaires : Interviews
Explanation:
There are several methods of collecting data from suppliers, customers, or the government. Two of them are
1. Questionnaires
Questionnaires are documents that contain questions related to the subject of inquiry. The researchers formulate questions that, when answered with provide information that they are seeking. Questionnaires can be administered to the suppliers or customers by email, online or hard copies. They are among the most popular and oldest data collection techniques.
2. Interviews
In this method, a researcher engages a selected respondent on one-one conservation. They discuss the subject matter in detail. Interviews provide instant feedback and offer the interviewer a deeper understanding of the respondents' thought processes.