User Account

All Pages

How much carrie include in her income for current year

Assignment Help Accounting Basics
Reference no: EM131813464

Question - During the previous year, Carrie paid $500 of estimated state income tax payments, which she also deducted for federal income tax purposes. Early in the current year, Carrie received a refund of $300 of these state tax payments. Carrie immediately placed an illegal bet at 5-to-1 odds and won an additional $1,500. Later in the year, Carrie was short of money and robbed a tavern of $4,000. How much should Carrie include in her income for the current year?

a. $0

b. $1,500

c. $1,800

d. $5,800

Reference no: EM131813464

Questions Cloud

Mean speaking vocabulary of all three-year-old children : In order to estimate the speaking vocabulary of three-year-old children in a particular socioeconomic class, a sociologist studies the speech of four children.
Explaining the confidence interval for the population mean : A random sample of size 28 is drawn from a normal population. The summary statistics are x¯ = 68.6 and s = 1.28.
What is the minimum selling price newport should negotiate : Newport Manufacturing makes and sells backyard fire pits. What is the minimum selling price Newport should negotiate for the special order
Discuss what is a risk assessment : What is a risk assessment. What are the steps to complete one
How much carrie include in her income for current year : Later in the year, Carrie was short of money and robbed a tavern of $4,000. How much should Carrie include in her income for the current year
Confidence interval for the mean lifetime of all trees : City planners wish to estimate the mean lifetime of the most commonly planted trees in urban settings. A sample of 16 recently felled trees yielded mean age.
Describe way in which you would evaluate success of program : Describe the way in which you would evaluate the success of your program. Discuss the wisdom behind the strategy you would use to test the hypothesis.
Research the bar rules of your state : How would you evaluate the reliability of each of these sources and verify how current the information is for each?
Find number of calories in cup of diced chicken breast meat : To estimate the number of calories in a cup of diced chicken breast meat, the number of calories in a sample of four separate cups of meat is measured.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd