Problem 1-19 Filing Status and Tax Computation (LO 1.5) In the "Yes or No" column, select "Yes" if the filing status listed is available to unmarried individual taxpayers or "No" if it is not. Then, in the "Circumstance" column, select the circumstance under which the status can be used or select "Not applicable". a. Single b. Head of household c. Qualifying widow(er) Yes or No Circumstance

BE 7-4 (LO 7.4, 7.5, 7.6, 7.7) Match the analytics type... Required: Match the analytics type (descriptive, diagnostic, predictive, or prescriptive) to the analytics technique used. Analytics Technique Used Summarization of last year's sales data Pivot table for drill down and drill up of sales by product Sentiment analysis to see what customers think of a new product Hypothesis test to see if conversion rates have significantly changed from last period Root cause analysis of why product sales have fallen Regression analysis with the conversion rate as the dependent variable and website traffic as the independent variable Pivot table to summarize sales by region Analytics Type Descriptive Analytics Diagnostic Analytics Prescriptive Analytics

Jonathon and his family were negotiating a lease for commercial premises to be used for their Italian restaurant. Part of the negotiation concerned the ability of Jonathon to demolish a wall in order to remodel the interior and build a pizza oven. The landlord shook Jonathon’s hand and told him they had a deal and that he could go ahead and get started. Jonathon took out a large bank loan to finance the remodelling. Four weeks later, Jonathon received a letter from the landlord indicating that he did not intend to proceed with the lease. Jonathon has already spent $100,000 on the remodelling but he has not received a signed a lease as yet. Since there is no breach of contract, does Jonathon have any other recourse in equity?

Sarah, Alicia, and Philip all lost their jobs when the technology start-up they worked for was acquired by another company. After a few weeks of searching for another full-time job, Sarah decided to go back to school to get an LPN certification. In order to finish as fast as possible, Sarah chose not to work while finishing the certification. Alicia took a part-time job in retail shortly after losing her job, but she continues to search diligently for full-time work. Philip searched for a job for the first five weeks after being laid off, but as bills began piling up, he found himself moving into his parents’ basement. He recently gave up looking for work because he figures that there just aren’t jobs available right now so there is no point looking. Are Sarah, Alicia, and Philip unemployed, employed, or not in the labor force? Would any of the three be considered a discouraged worker? How would each contribute to the unemployment rate?

There are many tax rules and regulations you should be aware of when investing-whether it be in stocks; bonds; mutual funds; real estate; or collectibles such as artwork, antiques, gems, memorabilia, stamps, and coins. Capital gains are proceeds derived from these types of investments. Unless they are specified as being tax-free, such as municipal bonds, you must pay capital gains taxes on these proceeds. Capital gains are taxed in one of two ways. If the investment is held for one year or less, this is considered short-term and is taxed as ordinary income at your regular income tax rate. As this is written, if the investment is held for more than one year, it is considered long-term and qualifies for various tax discounts, as follows for single taxpayers with earnings as shown below. Stocks Held Capital Gains Rates Up to $38,700 $38,700–$426,700 Over $426,700 Over 1 year(long-term) 0% 15% 20% (a) If you are in the 25% tax bracket for ordinary income and have a 15% capital…

R3

Think about how and why goods and resourcesare scarce. Goods and resources can be scarcefor reasons that are inherent to their nature at alltimes, temporary or seasonal, or that are artificially created. Separate the goods listed below into two groups; indicate which (if any) are artificiallyscarce (AS), and which (if any) are inherentlyscarce (IS). [LO 1.1]a. air of any qualityb. landc. patented goodsd. original Picasso paintings

You are looking for a new apartment in Manhattan.Your income is $4,000 per month, and you know thatyou should not spend more than 25 percent of yourincome on rent. You have come across the followinglisting for one-bedroom apartments on craigslist.You are indifferent about location, and transportation costs are the same to each neighborhood. [LO 1.1]Chelsea $1,200Battery Park 2,200Delancey 950Midtown 1,500a. Which apartments fall within your budget?(Check all that apply.)b. Suppose that you adhere to the 25 percentguideline but also receive a $1,000 cost-of-livingsupplement since you are living and workingin Manhattan. Which apartments fall withinyour budget now?

You are a CEO of a very large health technology firm. You just completed a lucrative $5 bilion deal with a frm in Singapore. Your assistant had to purchase an airline ticket for you to fly to close the deal with a large ceremony in Singapore. There were no available seats on any of the airlines. Your assistant was able to find a business class ticket for $4OK. You told her to purchase the ticket right away since the deal was so important. Giving up the ticket would mean to give up the lucrative deal. In the aircraft, you started having some conversation with a gentleman from Texas sitting next to you in the business class. You learned that he paid only $3K for his ticket and he was traveling for a wedding of his buddy. He purchased his ticket almost a year ago since the wedding was already planned. You then remembered about your college economics professor. In your mind silently you thanked your professor for teaching the economic concepts to make sense of the many situations…

What is the major distinction between an employee and an independent contractor? An independent contractor is required to be licensed, bonded and to carry insurance. Independent contractors are hired using contracts, while employees must be in at-will relationships with employers. The employer has the right to control an employee's behavior and how s/he does the job, but an independent contractor has exclusive (or near exclusive) control over the way the job is done. An independent contractor never owes fiduciary duties to a contracting partner.