User Account

All Pages

What is Ashley Adjusted Gross Income

Assignment Help Accounting Basics
Reference no: EM132817509

Question - Ashley had the following financial items during 2020:

Salary $90,000 Interest income on bonds-Issued by City of Nashville $4,000

Issued by Chevron Corporation 5,000

Alimony received (divorce finalized in 2017) - 25,000

Child support received (divorce finalized in 2017) - 20,000

State income taxes paid - (5,000)

Inheritance from grandmother - 50,000

Required - What is Ashley's Adjusted Gross Income (AGI) for 2020?

a. $120,000

b. $119,000

c. $165,000

d. $140,000

Reference no: EM132817509

Questions Cloud

How operations managers use the critical path method : Explain how operations managers use the critical path method to manage major projects. Be sure your discussion includes an explanation
How much did Bassett have in cash at December : Dec. 26, 2020 - Received a utility bill for $2,600, which will be paid in January, 2021. How much did Bassett have in cash at December 31, 2020
Discuss about detection of disease and disease prevention : Incorporate health outcomes of the health promotion, detection of disease and disease prevention. Organize an interdisciplinary paper for your client.
Find what will be the price of the bonds : The yield to maturity on similar A bonds is 12.5 percent. What will be the price of these bonds if they receive either an A or a AA? rating?
What is Ashley Adjusted Gross Income : Salary $90,000 Interest income on bonds-Issued by City of Nashville $4,000. What is Ashley's Adjusted Gross Income (AGI) for 2020
Which entries correctly records the purchase of land : Which entries correctly records the purchase of land for $300 000 financed by a $100 000 cash deposit with the balance payable via a 10-year, 8% loan?
What type of research reveals better outcomes and why : Describe the difference between the Qualitative and Quantitative research; discuss what type of research reveals better outcomes and why?
What the transaction is recorded as : Enron Ltd received $880 (including GST) in advance from their customer for services to be rendered on 15 July 2021. The transaction is recorded as
Develop a plan of education and anticipatory guidance : Develop a plan of education and anticipatory guidance for the family. How would you apply this information to a larger population?

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