User Account

All Pages

What the amount to be included as gross income is

Assignment Help Accounting Basics
Reference no: EM132785766

In addition to the compensation being received by Ms. L as employee, she leases out her 3-door apartment for P10,000 a month each unit. Her compensation income for 2020 consist of P13,000 basic salary a month, 13thmonth pay based on basic salary plus P25,000 bonus. As royalties, she received P113,000 for the song she wrote; and P80,000 for her property that us planted with banana.

problem 1: The amount to be included as gross income in 2020 is?

Reference no: EM132785766

Questions Cloud

Demonstrate data retrieval skills in the context : Demonstrate data retrieval skills in the context of a data processing system - Create a merged inverted list including the within-document frequencies
Calculate cookie creations warranty liability at december : Calculate Cookie Creations' warranty liability at December 31, 2021. (Hint: Note that there is no liability outstanding for the mixers sold in 2020.)
Identify the type of fraud that sheela voli was engaged in : Identify the type of fraud that Sheela Voli was engaged in. Hospital administrator Sheela Voli was recently convicted for fraud she committed against
Provide the journal entry for the asset revaluation : The revaluation resulted in medical equipment being increased by $40,000. Provide the journal entry for the asset revaluation
What the amount to be included as gross income is : In addition to the compensation being received by Ms. L as employee, she leases out her 3-door. What the amount to be included as gross income in 2020 is?
Explain the reasons for the survey of the existing inventory : How will you explain the reasons for the survey of the existing inventory control system? P & S Furniture Mart, after operating its inventory control system
Which microbes are classified as eukaryotes : What are the common characteristics that all cells have that were discussed in lecture?
How much net income should be distributed to Chen and Monroe : Chen and Monroe had $90,000 and $140,000, respectively, in their January 1 capital balances. How much net income should be distributed to Chen and Monroe
What the company will recognize in financial statements : December 31, 2020 was $ 96,700. The market value of the bonds on that same date was $ 102,400. The company will recognize in its 2020 financial statements

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: +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