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- Ali is considering the decision of whether or not to go and study a Master degree. He is currently working as an accountant in XYZ Company. He is thinking of getting a Master Degree. If he decided to study the Master Degree, h would expect to earn higher salary than his current one. On the other hand, the study of the Master Degree would f him to take unpaid leave from his current job. Furthermore, Ali recently purchased a new car. For All, the unpaid sala when Ali goes to study the Master Degree is referred to as: Select one: a. Opportunity Revenue b. Sunk revenue c. Differential revenue d. Differential cost O e. Opportunity cost The management function that focuses on setting out future goals for the organization is referred to as: Select one: a. Counseling Ob. Controlling O. Decision making d. Planning Oe. AdvisingN9.THIS IS FOR FINANCIAL MATHEMATICS 2, THANK YOUUUUU
- tim is living with his spouse in California when he finds out that his wife is having an affair. Tim packs his bags and leaves the state to move to Indiana, intending on filing separately. Tim and his spouse cohabitated until June. He earned $50,000 during the year, $30,000 of which was in California. She earned $60,000 during the year. How much wage income does Tim have on his California return and from whom? (Remember, the return is being filed separately) He has $50,000 in state wages from his pay only, since he's no longer in a community property state. He has $45,000 in state wages, with $15,000 from half of his state-sourced pay and $30,000 from her half of pay. He has $55,000 in state wages, with $25,000 from half of his total pay and $30,000 from her half of pay. He has $30,000 in state wages from his state-sourced pay.Saved Dillon rented out his home for 9 days during the year for $6,400. He resided in the home for the remainder of the year. Expenses associated with use of the home for the entire year were as follows: $ 3,150 Real property taxes Mortgage interest 12,375 Repairs 1,375 Insurance 1,570 Utilities 5,280 Depreciation 12,800 Dillon's AGI is $134,436 before considering the effect of the rental activity. His AGI after considering the tax effect of the rental use of his home is $Problem 6-48 (LO. 3) During the year (not a leap year), Anna rented her vacation home for 30 days, used it personally for 20 days, and left it vacant for 315 days. She had the following income and expenses: Rent income $7,000 Expenses Real estate taxes 2,500 Interest on mortgage 9,000 Utilities 2,400 Repairs 1,000 Roof replacement (a capital expenditure) 12,000 Depreciation 7,500 If an answer is zero, enter "0". Assume a 365-day year. In your computations round any fractions to four decimal places. Round your final answer to the nearest dollar. a. Compute Anna's net rent income or loss and the amounts she can itemize on her tax return, using the court's approach to allocating property taxes and interest. In the table below, if an expense is an itemized deduction select "Yes", otherwise select "No". Real property taxes Utilities Repairs Depreciation Roof replacement Mortgage interest Anna has itemize…
- Mabel turned 18 in 2001. She opened a TFSA in Jan 2024. She has not contributed to the TFSA so far. What is the maximum that Mabel contribute today?help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all workingHardev
- Caprice is a single 42-year-old with income of $14,000 in 2020. She lacked minimum essential coverage for 7 months in 2020. What is her individual shared responsibility payment amount? a.$50.00 b.$0 c.$405.44 d.$695.00 e.None of these choices are correct.Jones and his 6 year old son live with uones' father Bidwell for the whole year, Jones has an Adjusted income of $15,000 and Mr. Bidwell has an AGIof $25,000. Jones is single. Gross Required a. Who can claim the 6-year old boy for Ec credit? b. What is your reason for answer in (a) above?Mike and BrettBrett are students at Berkeley College. They share an apartment that is owned by BrettBrett. BrettBrett is considering subscribing to an Internet provider that has the following packages available: Package Per Month A. Internet access $60 B. Phone services 15 C. Internet access + phone services 65 ... Question content area top right Part 1 MikeMike spends most of his time on the Internet ("everything can be found online now"). BrettBrett prefers to spend his time talking on the phone rather than using the Internet ("going online is a waste of time"). They agree that the purchase of the $ 65$65 total package is a "win dash win""win–win" situation. Requirements 1. Allocate the $ 65$65 between MikeMike and BrettBrett using (a) the stand-alone cost-allocation method, (b) the incremental cost-allocation method, and (c) the Shapley value method. 2. Which method would you recommend they use and why?
