Lucas, a single U.S. citizen, works in Denmark for MNC Corp during all of 2019. His MNC salary is $87,000. Lucas may exclude from his gross income wages of: a.$105,900 b.$87,000 c.$40,000 d.$0

Answers

Answer 1

Lucas can exclude from his gross income wages of $87,000.

Usually, a United State's citizen living and working abroad is taxed on his worldwide Income.

The maximum amount of exclusion of foreign earned income for Singles in 2019 is $105, 900.

Here, he is a single taxpayer who worked in Denmark for MNC Corp for the whole of 2019 and earned the salary of $87000.

He's eligible to exclude the amount of $105,900 from his gross income. and his salary is less than maximum limit allowed for exclusion, therefore, the gross income will be excluded.

In conclusion, the Option B is correct because can exclude from his gross income wages of $87,000.

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Related Questions

Which application’s primary business benefits include sales forecasts, sales strategies, and marketing campaigns?.

Answers

There are different reasons people set up business. ERP system application’s primary business benefits include sales forecasts, sales strategies, and marketing campaigns.

ERP system is known to have the primary benefits such as Forecasting, planning, purchasing, material management, warehousing, inventory, and distribution.

ERP is simply known as Enterprise Resource Planning. It is simply a type of software or system used by a business organizations to plan and manage daily activities.

They daily activities includes supply chain, manufacturing, services, financials and other processes.  ERPs links all aspect of an firm.

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firms will only adopt more automated methods of production when

Answers

Answer when the argument gets too long

Explanation:

If your income is $40,000 and your income tax liability is $5,000, your marginal tax rate is a. 8 percent. b. 12.5 percent. c. 20 percent. d. unknown. We do not have enough information to answer this question.

Answers

If your income is $40,000 and your income tax liability is $5,000, your marginal tax rate is: b. 12.5 percent.

Using this formula

Marginal tax rat=Tax payable/Taxable income×100

Where:

Tax payable=$5,000

Taxable income=$40,000

Let plug in the formula

Marginal tax rate=$5,000/$40,000×100

Marginal tax rate=12.5%

Inconclusion if your income is $40,000 and your income tax liability is $5,000, your marginal tax rate is: b. 12.5 percent.

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The advantages of using in-house marketing and advertising staff include all of the following except: Question 27 options: A) greater control. B) global accounts. C) lower cost. D) brand knowledge. E) superior product.

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All of the mentioned factors are advantages of having an in-house marketing staff except E. Superior product

Using an in-house marketing department instead of an external agency means that the company will not benefit from the experience of the agency which they gained from:

Specializing in marketing Attracting top talents

In the end therefore, the marketing product produced by the in-house department will be inferior to that, that would have been produced by the agency.

In conclusion, the in-house department will not produce a superior product.

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are some of the factors that influence employee benefits strategies cyclical

Answers

Answer:

hoobaa hooba hooba

Explanation:

hooo

Select the correct answer.
Mark works as an operations manager in a manufacturing firm. Mark is very particular about the new employees that the company plans to hire, especially because the business needs skilled workers to use new machinery. Which management function is Mark carrying out to maximize his company’s operations in the future?
A. staffing
B. controlling
C. planning
D. organizing

Answers

Answer:

Explanation:

I'd say controlling

It could be staffing tho i don't know

Answer:

A) Staffing

Explanation:

Took test

have anyone seen the new resident evil welcome to raccoon city trailer if anyone answer this will get brianlist

Answers

Answer:

Explanation:

yup !! its so cool fr

óscar’s firm operates in a rapidly changing industry. he often must apply his excellent ________ to assess problems and develop solutions very quickly.

Answers

According to management theory, óscar’s firm operates in a rapidly changing industry. He often must apply his excellent "problem-solving skills" to assess problems and develop solutions very quickly.

This is based on the idea that problem-solving skills are essential in assisting individuals in determining the cause of a problem and why it is occurring, including how to decipher the issue.

There are various Problem-Solving Skills include:

Active listening.Analysis.Research.Creativity.Communication.Dependability.Decision making.Team-building, etc.

Hence, in this case, it is concluded that the correct answer is "Problem Solving Skills."

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A partner's self-employment earnings (loss) may be affected by her share of ordinary business income (loss) and any guaranteed payments she receives. The impact of these amounts typically depends on the status of the partner. Which of the following statements correctly describes the effect these items have on the partner's self-employment earnings (loss)?A) General partner - only guaranteed payments affect self-employment earnings (loss).B) General partner - ordinary business income (loss) and guaranteed payments affect self-employment earnings (loss).C) Limited partner - only guaranteed payments affect self-employment earnings (loss).D) Limited partner - only ordinary business income (loss) affects self-employment income (loss).E) Both General partner - ordinary business income (loss) and guaranteed payments affect self-employment earnings (loss) and Limited partner - only guaranteed payments affect self-employment earnings (loss).

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There are different form of partnership. The statements that correctly describes the effect these items have on the partner's self-employment earnings (loss) is given below;

Both General partner - ordinary business income (loss) and guaranteed payments affect self-employment earnings (loss) and Limited partner - only guaranteed payments affect self-employment earnings (loss).

A general partner is known to be a type of owner of a partnership and they are said to either be a managing partner or active in the daily operations of the firm.

General partners are mandated to include any guaranteed payments they get and their share of ordinary business income (loss) in their self-employment earnings (loss).

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woman caught on video throwing soup in face of restaurant manager after argument

Answers

Is that even a question

You are considering an investment in a municipal bond that has a yield of 5 percent. Your tax rate is 25 percent. What is your taxable equivalent yield

Answers

The taxable equivalent yield is 6.67%.

Given Information

Municipal bond has yield of 5%

Tax rate = 25 percent

Taxable equivalent yield = ?

The formula for use to derive the taxable equivalent yield is {Current yield on municipal bond / (1-tax rate).

Taxable equivalent yield = 5% / (1 - 25%)

Taxable equivalent yield = 0.05 / 0.75

Taxable equivalent yield = 0.06666666666

Taxable equivalent yield = 6.67%

Therefore, the taxable equivalent yield is 6.67%.

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A payment made by a firm to its owners in the form of new shares of stock is called a _____ dividend.

Answers

That type of payment is a stock dividend.

The expenditure incurred for changing the oil in the company's fleet of trucks is debited to ______.

Answers

Cost are often incurred in any business transaction. The expenditure incurred for changing the oil in the company's fleet of trucks is debited to repairs and maintenance expense

Repairs and maintenance expense is simply known as the costs incurred to bring an asset back to its formal good condition or to keep the asset operating at its present condition.

An example, When a company's truck is damaged, the cost to repair the damage is often debited to repairs and maintenance expense.

Routine maintenance is often made to engine tune-ups, oil changes, radiator flushing, etc. and they are also debited to repairs and maintenance expense.

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which new deal program still in existence today provides an income for retired people?

Answers

Answer:

The Social Security Act of 1935 was designed to combat widespread poverty among senior citizens and to aid the disabled. The government program, one of the few parts of the New Deal still in existence, provides income to retired wage earners and the disabled who have paid into the program throughout their working lives via a payroll deduction.

Explanation:

Reuben Garza just graduated from high school and had begun a five year apprenticeship as a machinist. His starting wage is $8.25 an hour and he receives a paycheck every two weeks.

Compute his biweekly net pay using the following directions. Found all answers to the nearest cent.

Biweekly Grossy pay $____
Withholding:
Fed income tax (5.0%) $___
State income tax (5.6%) $___
Social security (6.20%) $___
Medicare (1.45%) $____
Union dues (1.0%) $____
Total $___
Biweekly gross pay $____
Minus total withholding -$___
Biweekly net pay $____

Answers

Answer:

tax (5.0%) $___

State income tax (5.6%)

Minus total withholding -$___

Biweekly net pay

Explanation:

and had begun a five year apprenticeship as a machinist. His starting wage ... https://brainly.com/question/25586250

Shawna has added up all her current expenditures and revenues and developed a plan for what she wants to do with all of her cash flow. She has included in this plan some money to put away for her 401k based on what she will need in the future. What is missing from Shawna's actions to make sure this is a sound financial plan?
Group of answer choices

Shawna needs to make sure she revisits this plan on an ongoing basis.

Shawna needs to invest. You can't have a sound financial plan without investing.

Shawna needs to consult with a financial advisor to make sure she has not missed any details.

Shawna should begin speculating on the market to potentially grow her extra income quickly.

Answers

Answer:

Shawna needs to consult with a financial advisor to make sure she has not missed any details.

The correct answer is Shawna needs to consult with a financial advisor to make sure she has not missed any details.

What is financial advisor?A financial consultant is a professional who is paid to offer financial advice to clients. Just as you would hire an engineer to make a plan for your home, you hire an economic advisor to construct a plan for your finances. It's all about paying someone for the expertise you need to reach detailed goals.Having a good connection with a financial consultant will not only set you up financially. They can help make conclusions on major life changes like how greatly maternity leave can you afford to take when having a baby. They can also help maintain you on track financially when life throws you curve proms such as redundancy.

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#SPJ2

KRJ Enterprises reported this year sales of $404 million, earnings before income taxes of $102.4 million, and tax expense of $18.2 million. If sales are projected to increase by 3.8% next year, what would be the projected tax expense for next year

Answers

The KRJ Enterprises' projected tax expense for the next year is $18.87 million.

Data and Calculations:

Reported year's sales = $404 million

Earnings before income taxes =$102.4 million (25% of sales)

Tax expense =$18.2 million

The tax expense = 4.5% of Sales ($18.2.$404 x 100)

Projected sales for next year = $419.35 million ($404 x 1.038)

Projected tax expense = $18.87 million ($419.35 x 4.5%)

Thus, the projected tax expense for the next year is $18.87 million.

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If you don't meet a deadline at work, you could: *

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Answer:

Failing to meet a deadline in the workplace may result in disappointing your co-workers, receiving a negative reaction from your boss, or even hurting your company as a whole. If you cultivate time management skills early, you will have a better chance of success in your future career.

ssume on December 1, 2017, a company borrows funds to purchase equipment. The company will make the following principal payments: 2018, $5,100 2019, $3,600 2020, $2,160 2021, $1,620 On December 31, 2019, the total long term liabilities will be $______

Answers

Based on the information given, the total value of the long-term liabilities will be $7380.

Long-term liabilities simply refer to the liabilities that are payable after twelve months. They are the liabilities that are due after one year of normal operation.

The long-term liabilities will be:

= $3600 + $2160 + $1620

= $7380

In conclusion, , the total value of the long-term liabilities will be $7380.

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Performance measurement can focus on managing the objective, measurable results of a job or work group. Which result would best meet this criterion

Answers

Performance measurement is the quantifiable expression of information regarding the products and services that's essential to an organization.

You didn't provide the options, therefore, an overview of performance measurement will be given. Performance measurement simply means the process of collecting, analyzing, and reporting information regarding the performance of an organization.

Performance measurement can focus on managing the objective, measurable results of a job or work group. Examples of performance measurement include profit margin, productivity, cost, etc.

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Your friend Jomaine says a Traditional IRA or 401(k) has the best tax advantages because you don't pay any taxes now, and you can wait until you retire to pay taxes. Why might he be right?

Answers

Government often tax the income of its people. The reason why might he be right is that if an individual expect tax rates to go up or because one is starting your career and your tax bracket would be lower now than what it will be later on.

When an individual is older and in retirement, the person would want to save your money and not have to worry about any taxes.

Tax advantages simply defined as the economic bonus that applies to some accounts or investments that an individual has such as one gotten by statute, tax-reduced, tax-deferred, or tax-free.

Conclusively, An Examples of tax-advantaged accounts and investments are retirement plans, education savings accounts, medical savings accounts etc.

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Click this link to view O*NET’s Skills section for Secondary School Special Education Teachers. Note that common skills are listed toward the top, and less common skills are listed toward the bottom. According to O*NET, what are common skills needed by Secondary School Special Education Teachers? Check all that apply. instructing installation learning strategies repairing active listening technology design

Answers

Answer:

instructing

learning strategies

active listening

Explanation:

Answer:

Explanation:

instructing

learning strategies

active listening

A firm using paid, non-personal communication by identified sponsors through various media has chosen to use _ to promote its products.

Answers

Answer: Advertising

Explanation:

Organization do have different ways they promote their products. A firm that is using paid, non-personal communication by identified sponsors through various media has chosen to use advertising to promote its products.

Advertising ia commonly described as any paid, nonpersonal communication via the used of different media by organizations and individuals who are in some way known in the message.

A good and successfully operated campaign needs all activities to be well-coordinated so as to build on one another to increase the overall impact.

Advertising uses a lot of related, well-timed, carefully placed television ads along with print advertising in some magazines and newspaper.

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what is the child abuse prevention hotline number

Answers

Depends on what state you live in.

Other things the same, if the price level falls, people a. decrease foreign bond purchases, so the supply of dollars in the market for foreign-currency exchange decreases. b. decrease foreign bond purchases, so the supply of dollars in market for foreign-currency exchange increases. c. increase foreign bond purchases, so the supply of dollars in the market for foreign-currency exchange decreases. d. increase foreign bond purchases, so the supply of dollars in the market for foreign-currency exchange increases.

Answers

Other things the same, if the price level falls, people D: increase foreign bond purchases, so the supply of dollars in the market for foreign-currency exchange increases.

Holding other factors, whenever there is a fall in the price level, there would be rise in foreign bond purchase.

This usually result in increase in supply of dollars in the market and this aids foreign-currency exchange.

Therefore, option D is correct.

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how much does party city charge to inflate balloons?

Answers

Answer:

Ballons bought from other stores:

Foil balloons: $1.99 to $15.99, depending on size.

Latex balloons: $0.99 to $1.29

Explanation:

Ballons bought from part city:

Foil balloons: Free!

Latex balloons: $0.99 to $1.29

culture and tradition can have the greatest impact on marketing strategy, and changes might need to be made at the product level based on cultural ______.

Answers

The major influence which impacts the changes in marketing strategy based on culture and tradition is as a result of cultural:

Differences

According to the given question, we are asked to state the major influence which impacts the changes in marketing strategy based on culture and tradition.

As a result of this, we can see that cultural differences exist between different cultures and as a result of this, a marketing manager would be able to make a variation in the marketing strategy based on these cultural differences.

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Earnings per share (EPS) equals ______ divided by the average shares of common stock outstanding. (Assume no preferred stock has been issued.) Multiple choice question. Revenue Operating Income Retained Earnings Net Income

Answers

With the issuance of preferred stock, Earnings per share (EPS) equal D. Net Income divided by the average shares of common stock outstanding.

If the company issues preferred stock, the preferred dividend is deducted from the net income before the computation of the EPS. In such a situation, the Earnings per share becomes the Net Income after the deduction of preferred dividend divided by the average common shares outstanding.

Thus, the Earnings per share without preferred dividend equals D.

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Which of the following have editors with specific expertise designated to specific sections
A. TV shows
B. Newspaper
C. Movie

Answers

It’s definitely newspaper no joke it definitely movie and tv show I don’t think so

A(n) to is any policy that is designed to reduce the competitiveness of foreign producers that wish to sell their goods or services in the domestic market.

Answers

A protectionism policy is any policy that is designed to reduce the competitiveness of foreign producers in the domestic market.

The protectionism policy helps to protect the domestic industries against the foreign competition through various means methods including

Imposition of tariffsSubsidiesImport quotasTrade restrictions.

The policy of protectionism are determined by the Federal government of the country to help reduce the importation or competitiveness of foreign company in the country's market.

In conclusion, the policy is known as a protectionism policy.

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Answer:

Barrier to Trade

Explanation

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