How much does mark include in his gross income

Assignment Help Macroeconomics
Reference no: EM13314652

Mark's employer pays for 55 percent of the premiums for a disability insurance policy and Mark pays for the other 45 percent. The policy pays Mark 65 percent of his normal salary in the event he is injured and cannot return to work for an extended period. Mark is hit by a truck and is unable to work for several months. During the current year, Mark collects $30,000 under his disability policy. How much does Mark include in his gross income?

Reference no: EM13314652

Questions Cloud

State income tax of 5 percent in addition to the federal inc : Mango Corporation has before-tax income of $450,000 and is subject to a state income tax of 5 percent in addition to the federal income tax. What is Mango’s after-tax cash flow?
How much must alana and mac include in gross income : Mac gives his daughter, Alana, 600 shares of Highgrowth stock. Mac purchased the stock 10 months ago at $20 per share. On the gift date, the stock is worth $35 per share
How much does myra include in gross income : Myra receives a $20,000 gift from her cousin and inherits $80,000 in corporate bonds from her Aunt. Myra receives $7,000 in interest income from the bonds. How much does Myra include in gross income?
How much does linda include in gross income if she takes : The insurance company informs her that she has two options: (1) she can receive the entire $500,000 in one lump-sum payment or (2) she can receive annual installments of $58,000 for ten years.
How much does mark include in his gross income : Mark's employer pays for 55 percent of the premiums for a disability insurance policy and Mark pays for the other 45 percent. The policy pays Mark 65 percent of his normal salary
Explain ei mass spectrum : Provide a structure for the following compound: EI mass spectrum: two molecular ions of about equal intensity at m/z = 180 and 182; IR: 1740 cm-1; 1H NMR: ? 1.30 (3H, t J = 7 Hz); ? 1.80 (3H, d, J = 7 Hz); ? 4.23 (2H, q, J = 7 Hz); ? 4.37 (1H, q, ..
Does larry have any income from this scholarship : Larry receives a scholarship to attend the local college. The scholarship terms provide $7,000 for tuition, books, and related expenses for the academic year
Comprehensiveness in covering major points : The company you use should have its central processing unit (CPU) on site instead of connecting to it over phone lines. The company should have at least two of the following applications on its computer system: Accounts Payable, Accounts Receivable, ..
Find out the percent ionic character of the bond in ab : The diatomic molecule AB has a dipole moment of 0.82 D and the A?B bond distance is 115 pm. Determine the percent ionic character of the bond in AB.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Economic growth

Identify at least four policies from the textbook that the government has created to impact economic growth and productivity.

  Draw up a payoff matrix to illustrate your strategy

Draw up a payoff matrix to illustrate your strategy and what are the likely implications of this for consumers

  Explain how is their gain or loss determined

Explain how is their gain or loss determined. What is the maximum loss to a purchaser of a futures contract.

  Explain the real business cycle theory

Describe three ways we can use macroeconomic analysis, with one original example for each way

  What does the fisher effect say about the relationship

What does the Fisher Effect say about the relationship between the nominal interest rate (e.g., the federal funds rate) and the inflation rate?

  What strategy does p&g appear to be moving toward

Why do you think this strategy became less viable in the 1990s What strategy does P&G appear to be moving toward What are the benefits of this strategy What are the potential risks associated with it

  Elucidate the organization industry reduce production

Elucidate the organization/industry reduce production or shutdown their operations? Explain your reasoning.

  Tradeoffs between pharmaceutical and technological products

The data contained in the following table shows the tradeoffs that occur in an economy that produces only two types of products: pharmaceutical and computer-related technological products. Use the data given in the table to graph the production po..

  What will be the per-unit cost of the application

The per-unit cost of an item is its average total cost (= total cost/quantity). Suppose that a new cell phone application costs $150,000 to develop and only $0.5 per unit to deliver to each cell phone customer.

  Descriptive analysis of how decontrol of price

Suppose a product sold in a competitive market is subject to a government price control. Suppose the regulated price is less than the free market equilibrium price.

  Bertrand model and stackelberg equilibrium

Consider the Bertrand model with no product differentiated in which each firm has a positive and fixed sunk cost F and zero marginal cost. What are the equilibrium prices and profits? Illustrate your result on a proper diagram.

  Effect of tax on fixed-marginal and average costs

Suppose a firm must pay an annual tax, which is a fixed sum, independent of whether it produces any output-How does this tax affect the firm's fixed, marginal, and average costs?

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!

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