s in the town. He is in 2nd year college and took up Bachelor of Science in Management. Even though he is receiving P10,000.00 per semester, Mr. Cruz realize that the money from his scholarship is not enough to provide his needs that is why he work as a part time worker in a computer shop as an encoder and earns P4,000.00 a mon

s in the town. He is in 2nd year college and took up Bachelor of Science in Management. Even though he is receiving P10,000.00 per semester, Mr. Cruz realize that the money from his scholarship is not enough to provide his needs that is why he work as a part time worker in a computer shop as an encoder and earns P4,000.00 a mon

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 87DC

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For each of the following, determine the amount that should be included in gross income: a. Peyton was selected the most valuable player in the Super Bowl. In recognition of this, he was awarded an automobile with a value of 60,000. Peyton did not need the automobile, so he asked that the title be put in his parents names. b. Jacob was awarded the Nobel Peace Prize. When he was presented the check for 1,400,000, Jacob said, I do not need the money. Give it to the United Nations to use toward the goal of world peace. c. Linda won the Craig County Fair beauty pageant. She received a 10,000 scholarship that paid her 6,000 for tuition and 4,000 for meals and housing for the academic year.
Income Profile Adjusted Budget Employment Income Interest/Dividends Other TOTAL INCOME Essential Expenses Mortgage/Rent Utilities Telephone Groceries Child Care Pet Care Clothing Transportation Gas/Fuel Insurance Health club dues Life Insurance Medicine Veterinarian Savings Non-Essential Expenses Entertainment Dining Out Vacation Subscriptions Other TOTAL Expenses Surplus/Shortage
Ali is currently working as a human resource manager for a company and earns a good salary. He is planning to pursue a Master of Business Administration (MBA) degree. He recently received an offer from University Awhich included the cost of tuition fees. If decided to go for the MBA study, his company would stop paying his salaryAt the same time, if Ali completed his MBA degree, he would earn a higher salary than his current one Furthermore, Ali has recently purchased an apartment in the city and moved in For when considering whether or not to go for the MBA studythe extra salary to be received after the MBA study is referred to as: Sunk cost. b. Incremental cost. c. None of the given answers , d Incremental revenue . Opportunity cost.
Ali is currently working as a human resource manager for a company and earns a good salary. He is planning to pursue a Master of Business Administration (MBA) degree. He recently received an offer from University A, which included the cost of tuition fees. If Ali decided to go for the MBA study, his company would stop paying his salary. At the same time, if Ali completed his MBA degree, he would earn a higher salary than his current one. Furthermore, Ali has recently purchased an apartment in the city and moved in. For Ali, when considering whether or not to go for the MBA study, the extra salary to be received after the MBA study is referred to as: Oa. Sunk cost. b. Opportunity cost. C. None of the given answers. d. Incremental cost. e. Incremental revenue, CLEAR MY CHOICE
Ali is currently working as a human resource manager for a company and earns a good salary. He is planning to pursue a Master of Business Administration (MBA) degree. He recently received an offer from University A, which included the cost of tuition fees. If Ali decided to go for the MBA study, his company would stop paying his salary. At the same time, if Ali completed his MBA degree, he would earn a higher salary than his current one. Furthermore, Ali has recently purchased an apartment in the city and moved in. For Ali, when considering whether or not to go for the MBA study, the cost of tuition fees is referred to as: a. None of the given answers. b. Incremental revenue. C. Opportunity cost. d. Incremental cost. e. Sunk cost. Clear my choice
Ali is currently working as a human resource manager for a company and earns a good salary. He is planning to pursue a Master of Business Administration (MBA) degree. He recently received an offer from University A, which included the cost of tuition fees. If Ali decided to go for the MBA study, his company would stop paying his salary. At the same time, if Ali completed his MBA degree, he would earn a higher salary than his current one. Furthermore, Ali has recently purchased an apartment in the city and moved in. For Ali, when considering whether or not to go for the MBA study, the cost of tuition fees is referred to as: a. Opportunity cost. O b. Sunk cost. Incremental revenue. O C. d. None of the given answers. O e. Incremental cost.
Ali is currently working as a human resource manager for a company and earns a good salary. He is planning to pursue a Master of Business Administration (MBA) degree. He recently received an offer from University A, which included the cost of tuition fees. If Ali decided to go for the MBA study, his company would stop paying his salary. At the same time, if Ali completed his MBA degree, he would earn a higher salary than his current one. Furthermore, Ali has recently purchased an apartment in the city and moved in. For Ali, when considering whether or not to go for the MBA study, the cost of tuition fees is referred to as: a. Incremental revenue. b. None of the given answers. O C. Incremental cost. O d. Opportunity cost. e. Sunk cost. NEXT PAGE AGE MacBook Air DII F8 Q F7 80 F6 F5
Ali is currently working as a human resource manager for a company and earns a good salary . He is planning to pursue a Master of Business Administration (MBA ) degree . He recently received an offer from University A, which included the cost of tuition fees. If Ali decided to go for the MBA study , his company would stop paying his salary . At the same time, if Ali completed his MBA degree , he would earn a higher salary than his current one . Furthermore , Ali has recently purchased an apartment in the city and moved in. For Ali , when considering whether or not to go for the MBA study, the cost of the apartment is referred to as: a. Incremental revenue . b. Sunk cost c. of the given answers . d. Incremental cost. e. Opportunity cost .
Ali is currently working as a human resource manager for a company and earns a good salary. He is planning to pursue a Master of Business Administration (MBA) degree. He recently received an offer from University A, which included the cost of tuition fees. If Ali decided to go for the MBA study, his company would stop paying his salary. At the same time, if Ali completed his MBA degree, he would earn a higher salary than his current one. Furthermore, Ali has recently purchased an apartment in the city and moved in. For Ali, when considering whether or not to go for the :MBA study, the cost of tuition fees is referred to as .None of the given answers .a O .Opportunity cost b O Sunk cost .c O Incremental revenue .d O Incremental cost .e O hp 10 ho 6. 7 8 9. %3D { P. Y 9. H. K
Karen has been moonlighting as a life coach. This year she made over $65,000 and would like to not realize some of those earnings, maybe in a retirement account. However, she already contributes $6,000 to her qualified retirement plan at her regular employer. What can she do? A : She can contribute some of the $65,000 in a Keogh plan, if she stops participating in her employer’s plan. B : She can contribute some of the $65,000 in an employee stock ownership plan. C : She can contribute some of the $65,000 in a Keogh plan. D : She cannot do anything because she has a qualified retirement plan available at her employer.
Edward is attending school and had a financial emergency. He contacted his school's financial aid office and asked about a subsidized student loan, Edward's school facilitates these loans and determined that Edward qualifies for a $270 loan. Edward is able to repay the loan over the next 12 months while he is still in school. How much interest will Edward pay on this loan? O $0 because interest on subsidized loans does not accrue until Edward stops attending school. O $13.50 because the interest rate is 5%. O $6.75 because Edward has been making payments on the loan. None of the answer choices are correct.
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. Advising