User Account

All Pages

What is Allie gross income

Assignment Help Accounting Basics
Reference no: EM132894261

Question - Allie started her new job in 2020. She received the following payments or benefits paid on her behalf by her employer.

-$84,000 in salary.

-$6,000 contribution to employer qualified pension plan for her.

-$9,250 contribution to her employer's qualified health insurance plan for her.

-$8,400 in bonus for the year (paid in January 2021 for 2020)

-$7,500 Board of Director's fee since she is a member of the company BOD.

-$800 for group term life insurance coverage of $50,000

-$1,400 for a whole life insurance policy with a face value of $100,000

-$2,200 for disability insurance premiums (no elections made)

Required - What is Allie's gross income for 2020?

Reference no: EM132894261

Questions Cloud

What the value of the ending inventory on june is : What the value of the ending inventory on June 30 is? A physical count of merchandise inventory on June 30 reveals that there are 228 units on hand.
Compute the profit consequences of the change : How does the evaluation scheme affect performance? Compute the profit consequences of the change.
What is the annual rate of return for sunland company : If Mussina's expected annual net income is $30000, the annual rate of return is? Sunland Company had an investment that cost $100000
The country to use torture in anti-terror efforts : The American public is divided over whether it is ever acceptable for the country to use torture in anti-terror efforts.
What is Allie gross income : Allie started her new job in 2020. $6,000 contribution to employer qualified pension plan for her. What is Allie gross income
What is net profit for the first month of operation : What is net profit for the first month of operation? Scenario: You start running a small money lending business (yup, you're a loan shark).
Record any missing funds in the cash short and over account : Record any missing funds in the cash short and over account. The amount of cash in the petty cash fund is $170. Issued a check to replenish the fund.
Determine the transaction price after adjusting : Illustrate XYZ's accounting for the machine by (1) preparing journal entries and (2) determine the transaction price after adjusting
Discuss several ways of preserving trade secrets : How do trade secrets differ from other applications of property? Discuss several ways of preserving trade secrets.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Problem related to disclosure

Disclosure usually is not required for: A) contingent gains that are probable and can be reasonably estimated. B) contingent losses that are reasonable possible and cannot be reasonably estimated.

  Amount of total stockholders equity

At the beginning of the year, Albers, Inc., has total stockholders' equity of $840,000 and 40,000 outstanding shares of a single class of capital stock.

  Prepare a schedule showing a horizontal analysis

Prepare a schedule showing a horizontal analysis for 2012, using 2011 as the base year.

  Grider industries inc issued 6000000 of 8 debentures on may

grider industries inc. issued 6000000 of 8 debentures on may 1 2010 and received cash totaling 5323577. the bonds pay

  Problem - Comparing Health Insurance Policies

Problem - Comparing Health Insurance Policies - Compare the policies' features. Should Lexi buy health insurance? Why or why not

  Describe preparation of financial statements

The financial statements of nonpublic companies may be prepared, compiled, or reviewed by the CPAs. Describe preparation of financial statements

  Determine how much shareholders initially invest in business

The company earned $69,500 during first year, and distributed $25,000 to shareholders as dividends. How much did shareholders initially invest in the business

  What amount of equity income would anderson recognize

What amount of equity income would Anderson recognize in 2013 from its ownership interest in Barney

  What are Grapes options at this point

The CPA determined that Cost of Goods Sold had been overstated by a total of $400,000. What are Grapes options at this point? Explain

  How shoes n socks have to account for its internally brands

ACCY200 Financial Accounting Question. Discuss how 'Shoes n Socks' will have to account for its internally generated brands

  What is the projected operating income

If sales volume triple in May, what is the projected operating income? If sales volume decrease by 20%, what is the projected operating income?

  Describe the eurodollar market

A British importer has to pay for American goods, but the exchange rate is temporarily very unfavorable from the British perspective. Describe the Eurodollar market and tell how it might help the importer.

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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