What the taxable amount of Kristal reimbursement

Assignment Help Accounting Basics
Reference no: EM133179593

Question - Mat was killed in action while serving in Iraq. His duty station at the time he was deployed was Fort Benning, Georgia, where he and his wife, Kristal had lived the previous three years. Kristal chose to move back to Waterloo, where they lived at the time Mat enlisted. The cost to move their household goods was $4,800: Kristal drove 1050 miles and spent $300 for two nights of lodging. Kristal received $5,810 of reimbursement from the military, what the taxable amount of Kristal's reimbursement?

Reference no: EM133179593

Questions Cloud

Categories of classroom training are so popular in hrd : Even though most HRD professionals agree that HRD evaluation is valuable, in your opinion what are the most important reasons
What is the package contribution margin : The company has the following fixed costs: Product A, $590,000, Product B, $883,200. What is the package contribution margin
Client report-organizational analysis : You and your colleague(s) are top-notch compensation professionals at a leading consulting firm. Your company has a major client, Zenith Medical Systems.
Valuation of proctor-gamble case : The Proctor & Gamble Corporation is used as an example for chapter 8. There are several tables and charts of financial and accounting data.
What the taxable amount of Kristal reimbursement : Kristal received $5,810 of reimbursement from the military, what the taxable amount of Kristal's reimbursement
Key qualitative characteristics of financial information : The textbook provides three key qualitative characteristics of financial information (relevance, reliability, and consistency). Describe one of these three term
What is the new truck net present value : Sheridan Manufacturers is considering investing in a new truck that will be used to deliver its custom-made furniture. What is the new truck net present value
Motivate international mergers and acquisitions : What factors motivate international mergers and acquisitions? Examine the business strategy behind the Walmart-Flipkart deal and summarize key objectives.
Hardest part of the research writing process : What was the hardest part of the research writing process for you? Explain your answer.

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.

  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!

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