Bill and Jane Jones were divorced on January 1, 2018. They have no children. In accordance with the divorce decree, Bill transferred the title of their house over to Jane. The home had a fair market value of $250,000 and was subject to a $100,000 mortgage. Under the divorce agreement, Bill is to make $1,000 monthly mortgage payments on the home for the remainder of the mortgage. In the current year, Bill made 12 mortgage payments. What amount is taxable to Jane in the current year

Answers

Answer 1

Answer: $0

Explanation:

Based on the information given in the question, the amount that is taxable to Jane in the current year will be $0.

We should note that there'll be no deduction made for the payments made since the settlement with regards to the divorce agas already provided for the payment. The payments in this case aren't included in the gross income of the person that'll collect the payment.

Therefore, the answer is $0.


Related Questions

Sheila has a plan to save $45 a month for 18 months so that she has $810 to remodel her bathroom. After 13 months Sheila has saved $510. If the most Sheila can possibly save is $70 per month, which of the following statements is true? a. Sheila will meet her goal and does not need to adjust her plan. b. Sheila must save $50 per month to achieve her goal. c. Sheila must save $60 per month to achieve her goal. d. Sheila will not be able to achieve her go

Answers

Answer:

Sheila has a plan to save $45 a month for 18 months so that she has $810 to remodel her bathroom. After 13 months Sheila has saved $510. If the most Sheila can possibly save is $70 per month, which of the following statements is true?

a.} Sheila will meet her goal and does not need to adjust her plan.

b}  Sheila must save $50 per month to achieve her goal.

c}  Sheila must save $60 per month to achieve her goal. <<CORRECT

d}  Sheila will not be able to achieve her goal.

Explanation:

Edge 2021

Sheila will meet her goal and does not need to adjust her plan. The correct option is a.

What is the introduction of savings?

Savings is the amount left over after an individual's consumption demands have been satisfied. Individuals who make purchases using credit and are subject to increasing EMI obligations would have little to no monthly savings. Savings aid in accumulating money for the future.

To find out if Sheila will be able to achieve her goal, we need to determine how much more she needs to save in the remaining 5 months.

Sheila's goal is to save $810, and after 13 months, she has saved $510. Therefore, she needs to save an additional:

$810 - $510 = $300

in the remaining 5 months.

If the most Sheila can save is $70 per month, then the maximum amount she can save in the remaining 5 months is:

$70 x 5 = $350

Since $350 is more than the $300 she needs to save, Sheila will be able to achieve her goal and does not need to adjust her plan.

Thus, the ideal selection is option a.

Learn more about Saving here:

https://brainly.com/question/30004719

#SPJ7

QUESTION 9 of 10: When naming a business, you should:

Answers

Think of a catchy slogan to go with it

Answer:

1. Search the name on the internet to and check for copyright.

2. Make something catchy that people will remember ( Like a alliteration).

3. Make a backup name (and maybe a backup backup name).

4. Get a sample of people to rate your name.

5. Make sure your personally happy with it.

hey besties i have a question i fw anime like i really do and i think i wanna cosplay but im like top tier popular so should i just like not I'm for sure gonna get bullied.

Answers

Answer:

ngl i am like "the popular girl" and i just live two lives i popular at school and anime obsessed at home lol

Explanation:

Honestly I just do what I want cuz why am I gonna please other people who don’t please me

give 2 or 3 reasons on why cheaper delivery is better

Answers

Answer: Because is cheap

2 Because is better and you save money

Explanation:

Answer:

It's 100% cheap, You don't have to worry about driving all the time, and It's better!

Explanation:

What is the best way to be compensated for your work? And why
O Annual Salary
O Hourly Wages
Sales Commission
O There is no one BEST way to be compensated.

Answers

Annually salary because it is given at the end of the month of year.

State
five
features distinguishing Features of servicing​

Answers

Answer:

The answer is below:

Explanation:

Services are a byproduct of a business firm which is done in exchange for money. However, unlike the products or goods, it has its distinct features or characteristics.

Hence, there are various Features of services, some of which includes the following:

1. Intangibility: they are not tangible or cannot be touched

2. Perishability: they cannot perish like goods

3. Inseparability: services under the ae work or elements cannot be separated like goods

4. Heterogeneity: the quality of services is diverse, hence, the price and time of delivery vary.

5. Ownership: unlike the goods, when it comes to services the person rendering services is the one that tends to move around.

what are the disadvantages of alloys​

Answers

They are prone to corrosion and are not as strong

4. Aada's dty is trying to get citizens to invest in municipal bonds. How will the city MOST likely use these funds?
to host a city festival
to pay for road improvements
to give raises to the city council
to feed families who are in need

Answers

Answer:

to pay for road improvements

Explanation:

Remember, the term municipal bonds basically refers to a special kind of loan issued to a local government by its citizens or investors and meant to be used by the government to fund public projects such as road construction, hospitals, and other forms of infrastructure that benefit the general public.

Therefore, the city would most likely use these funds to pay for road improvements as this would benefit the general public.

Answer: to pay for road improvements

The three motivational qualities that leaders have are initiative, ability to motivate others, and ability to set goals.
true
false

Answers

Answer:

true I'm pretty sure it's true.

briefly explain the term gross value added at basic prices ​

Answers

Gross value added (GVA) is defined as output (at basic prices) minus intermediate consumption (at purchaser prices); it is the balancing item of the national accounts' production account. GVA can be broken down by industry and institutional sector.

hope this helped, good luck <3

Every component, from producer to grocery store, contributes to the process of the___ chain

Answers

Answer:

Supply Chain

Explanation:

Supply Chain is the route of flow of goods and services starting from the producer/manufacturer/service provider to the end use consumer.

The supply chain network has various other segments such as logistics, distributors, retail supplier, etc.

Hence, the correct answer is the "Supply"

describe how net profit of a business is calculated?​

Answers

Answer:

u must work out the total cost and variable cost and add them up, then you must count all your sales and figure out ur revenue. then u do ur total revenue minus ur total costs

mark as brainliest

The formula to calculate profit is: Total Revenue - Total Expenses = Profit. Profit is determined by subtracting direct and indirect costs from all sales earned. Direct costs can include purchases like materials and staff wages. Indirect costs are also called overhead costs, like rent and utilities.

For businesses, profit is often calculated by profit margin formula:follow me nice business

in business finance I did that

Answers

Answer:

u r sentence doesn't mean any sense

Answer:

what does your sentence mean?

Explanation:

When government is trying to raise tax revenue, it sometimes attempts to target higher-income people because they are in a better position to bear the burden of a tax. However, it can be very difficult to earn tax revenue from wealthy people. Consider the progressive nature of the U.S. federal income tax system: It's designed so that higher incomes are taxed at higher tax rates. Thinking about the elasticity of labor supply, why might it be more difficult to collect tax revenue from a wealthy individual than from a poor person, all else equal

Answers

Answer: The labor supply curve for a wealthy individual is usually more elastic than a poor person's labor supply curve

Explanation:

Tax could be described as individuals paying a particular percentage of their income and whatever they use then pay to the government. The aim of the tax being collected is to generate funds internally which could be used in maintaining the economy.

Despite the government attempts to make tax be one-sided, it yields little or no result in favour of the poor as they end up being well tax as same as the rich. Those who are poor make use of services regularly, and most societies have them than those who are already established. The labor supply curve for a wealthy individual is usually more elastic than a poor person's labor supply curve. We would realize that we have more poor people in labour than those who are rich.

Oscar received his credit report and sees that his VantageScore is 400. Which factor could be the cause?


a

He filed for bankruptcy 15 years ago.


b

He has five credits cards with high balances.


c

He has a low debt-to-credit ratio.


d

He has applied for his first loan in his life.

Answers

Answer:

b. He has five credits cards with high balances.

Explanation:

A VantageScore is a credit score model that shows the probability that someone will pay the loans. A 400 VantageScore is very poor and people can get this score for different situations like bankruptcies as they will appear in your report for up to 10 years, having high utilization rates on your credit card and missing payments. According to this, the answer is that the factor that could be the cause is: he has five credits cards with high balances because he would have a high utilization rate which hurts the credit score.

The other options are not right because a bankruptcy appears in the report for up to 10 years, a low debt to credit ratio shows that you use your credit in a responsible form and it won't hurt your credit acore. Also, if someone doesn't have a credit history, there is no score because there is no data to define that.

The Acmeville Metropolitan Bus Service currently charges $0.99 for an all-day ticket, and has an average of 588 riders a day. The bus company is not earning a profit, but according to their contract with the city, they cannot cut the number of buses on the road. They must therefore find a way to increase revenues. The bus company is considering increasing the ticket price to $ 1.1 . The marketing department's studies indicate this price increase would reduce usage to 337 riders per day. Calculate the absolute value of the price elasticity of demand for bus tickets using the simple percentage change method. Round your answer to one decimal place.

Answers

Answer:

-3.88 or 3.88

Explanation:

Calculation to determine the absolute value of the price elasticity of demand

Using this formula

Price elasticity of Demand = % change in quantity demanded / % change in price

Price elasticity of Demand =%∆QD / %∆P

Let plug in the formula

Price elasticity of Demand= (( 337 - 588 )/( 1.1- 0.99)) * ( 0.99 / 588 )

Price elasticity of Demand= (-251 / 0.11) * ( 0.0017)

Price elasticity of Demand= -22,81.8181 * 0.0017

Price elasticity of Demand= -3.88 or 3.88 ( absolute value)

Therefore the absolute value of the price elasticity of demand will be -3.88 or 3.88

Computer equipment was acquired at the beginning of the year at a cost of $66,600 that has an estimated residual value of $4,100 and an estimated useful life of five years. Determine the (a) depreciable cost, (b) straight-line rate, and (c) annual straight-line depreciation.

Answers

Answer:

Depreciable cost = Cost of equipment - residual value

Depreciable cost = 66,600 - 4,400

                             = $2,200

Annual depreciation = cost - residual value / useful life

Annual depreciation = 66,600 - 4,400 / 5

                                  = 12,440

Straight-line rate = Annual depreciation expense / cost - residual value

Straight-line rate = 12,400 / 66,600 - 4,400

                            = 0.199

What are 4 reasons why you should print, save, or make a copy of your job application???

Answers

Answer:

Be Prepared. Make sure you know the correct names, dates, places and other information you will need

1. Analyse the benefits and challenges of establishing a company versus other forms of ownership​

Answers

Explanation:

Some of the various forms of business ownership include:

partnershipsole proprietorshiplimited liability company

The benefits of establishing a company (limited liability company):

owners asset are separated from any liability the company incurs > in sole proprietorship the owners personal asset can incur liability. excluded from federal income taxe.

The challenges:

requires high setup cost > this is not the case with sole proprietorship.raising capital for operations is diffficult

Which economic system supports government control of major basic industries but allows a high degree of personal and economic freedom to its citizens? A. Market economic system B. Command economic system OO C. Traditional economic system D. Mixed economic system​

Answers

Answer:

mixed economic system

Explanation:

Julie and Kristen are partners in a local sporting good store. They needed $51,000 to start the
business. They invested in the ratio of 3:10 respectively. How much money did each invest?
What percent is owned by Kristen?

Answers

Answer: See explanation

Explanation:

Since the amount needed to start the

business is $51000 and Julie and Kristen invested in the ratio of 3:10 respectively.

Amount invested by Julie = 3/(3+10) × $51000

= 3/13 × $51000

= $11769.23

Amount invested by Kristen = 10/(3+10) × $51000

= 10/13 × $51000

= $39230.77

The percent that is owned by Kristen will be:

= ($39230.77 / $51000) × 100

= 76.92%

= 77% approximately

Which of the following is not an outcome of providing more responsive customer care?
Multiple Choice
reduced customer turnover
greater profits
stronger word-of-mouth
higher brand loyalty
reduced competiton

Answers

Answer:

reduced competiton

Explanation:

The outcome i.e. not providing more responsive customer care is decrease competition.

The following are the outcomes are provided more responsive customers:

The turnover of the customer decreased. High profits. Worth of mouth is stronger. High brand loyalty.

Therefore we can conclude that The outcome i.e. not providing more responsive customer care is decrease competition.

Learn more: brainly.com/question/6201432

What Resident Evil games do you guys love and what monster or boss is your favourite inside that game.

a. Resident Evil 1
b. Resident Evil 2
c. Resident Evil 3
d. Resident Evil 4
e. Resident Evil 5
f. Resident Evil Revelations
g. Resident Evil Revelations 2
h. Resident Evil 0
i. Resident Evil 7
j. Resident Evil 1 REmastered
k. Resident Evil 2 REmake
l. Resident Evil 3 REmake

Answers

Answer:

i-

totally business studies

Explanation:

no comment

Answer:

b. Resident Evil 2

Explanation:

Mr X (Tyrant) is my favorite boss in RE2:)

Match each investment or savings option with the income source(s) it provides to investors.

Answers

Answer:

huh im confused

Explanation:

have a day ig

The correct match for investment or saving is:

Investment/savings                         Income sources

Trading in Bonds:                            Capital Gains and interest income

Buying and selling properties:       Capital gains only

Trading in company stocks:           Capital gains and Dividends

Opening a CD account:                  Interest Income only

What is an investment?

The classic definition of investment is "commitment of resources to realize benefits in the future." An investment is a "commitment of money to receive more money later" if money is involved. An investment is described as "to tailor the pattern of expenditure and receipt of resources to optimize the desirable patterns of these flows" from a more general perspective.

The net monetary reception during a time period is referred to as cash flow when expenditures and receipts are stated in terms of money, whereas money received over the course of numerous time periods is referred to as cash flow stream. The use of scientific methods, often mathematical ones, in the investing process is known as investment science.

Learn more about investment here:

https://brainly.com/question/15105766

#SPJ1

4. To promote diversity, companies actively seek and promote individuals in all of the following areas
except
1. educational levels.
2.ages
3. Races
4. National origins

Answers

Answer:

1.

Explanation:

Educational levels cannot be diversified depending on the position, many require a minimum level of education to properly conduct job functions.

Tell, Inc., leased a building from Lott Corp. Tell paid monthly rent of $500 and was also responsible for paying the building’s real estate taxes. On January 1, Vorn Co. and Tell entered into an agreement by which Vorn was entitled to occupy the building for the remainder of the term of Tell’s lease in exchange for monthly payments of $600 to Tell. For the year, neither Tell nor Vorn paid the building’s real estate taxes, and the taxes are delinquent. Learning this, Lott demanded that either Tell or Vorn pay the delinquent taxes. Both refused, and Lott has commenced an action against them. Lott will most likely prevail against

Answers

Answer:

Tell and Vorn

Explanation:

Based on the information given Lott will most likely prevail against TELL and VORN reason been that we were told that both TELL and VORN entered into an agreement on January 1 which means that both of them will be responsible for the DELINQUENT TAXES which has not been paid because Vorn occupy the building that was leased out to Tell from Lott Corp in exchange for the amount of $600 which will be monthly paid by Vorn to Tell, which means that in a situation were the taxes is said to be DELINQUENT TAXES in which neither of them paid the building's real estate taxes, Lott will most likely prevail against both TELL and VORN.

Which of the following is an
example of a wellness perk?

Answers

Answer:

I think it's letter

"A"

COBRA

cash receipts journals​

Answers

Answer: theyre handy!

Answer:

cool lol

Explanation:

Is marketing hard? and it is stressful or can give you an anxiety?​

Answers

Answer:

yes yes yes yes yes

Explanation:

There is so much pressure and things at stake that sometimes you feel like everything's gonna go wrong.

Omega Company would have applied $31,500 of fixed manufacturing overhead if capacity usage had equaled the master budget. Given that 2,000 standard hours were allowed for the actual output, that actual fixed manufacturing overhead equaled the budgeted amount, and that overhead was applied at a rate of $15 per hour, what is the entry to close the fixed manufacturing overhead accounts

Answers

Answer and Explanation:

The journal entry to close the manufacturing overhead account is shown below:

Given that

There is applied overhead of $31,500

And, the budgeted overhead is

= 2,000 × $15

= $30,000

As we can see that the budgeted overhead would be lower than the applied overhead so this is an under applied overhead

Cost of goods sold Dr $1,500 ($31,500 - $30,000)

         To factory overhead $1,500

(Being the closing of overhead is recorded)

Other Questions
Concession stand sales for each game in season are $320, $540, $230, $450, $280, and $580. What is the mean sales per game? Explain how you got your answer. If a test is worth 90 points and I got 12/15 questions right then what would my grade be? How is Joe Biden using art to send us a message What was Hideki Tojo's role in the Japanese government?AHe helped the military seize control and became prime minister.BHe overthrew Emperor Hirohito and was named the new emperor.CHe overthrew Emperor Hirohito and established a democratic government.DHe helped the military seize control and organized free and fair elections. a) 5x-12=2x-3b) 8x+2=5x+8c) 7x-5=4x-2 please What is the volume of this cylinder?6 m7 mRound your answer to the nearest tenth. Find the length of the side labeled x. Round intermediate values to the nearest 10th. Use the rounded values to calculate the next value. Round your final answer to the nearest 10th Please answer this onee :C can someone dooo ittttttttt If I have a 89.17% and my assignment is worth 30 points, can that still pull up my grade to an A of at least a 90%? pllssss help I put B, but I got it wrong the first time. NO LINKS Fill in the blank of the following sentence with the appropriate verb, conjugated correctly.(Only enter the missing word and not the entire sentence. Entering the entire sentence will be marked incorrectly.)Ustedes_____ (use) agua fro o caliente? How did gold help the empire of Ghana 1.1.1The time of a country situated on the 165'E line of longitude will be.....compared to the time of a countrysituated on the 30'E line of longitudeA. Be ahead in time.B. Be 11 hours behind in time.C. Have the same time.D. Be 9 hours ahead in time. The collapse of the Ottoman Empire combined with which of the following to increase tensions prior to the start of World War I? (4 points) Industrial Revolution Serbian nationalism Mobilization of the French Weakened British navy please HELP! USE PYTHAGOREAN THEOREM TO FIND RIGHT TRIANGLE SIDE LENGTHS formula A(2)+B(2)=C(2) OMGMG PLEASE HELP THIS IS SPANISH !!!ILL MARK U BRAINLIEST PLZZZZZZ HELP 50 POINTS Directions Now that the lab is complete, it is time to write your lab report. The purpose of this guide is to help you write a clear and concise report that summarizes the lab you have just completed. The lab report is composed of two sections:Section I: Overview of Investigation Provide background information.Summarize the procedure.Section II: Observations and Conclusions Include any charts, tables, or drawings required by your teacher.Include answers to follow-up questions.Explain how the investigation could be improved.To help you write your lab report, you will first answer the four questions listed below based on the lab that you have just completed. Then you will use the answers to these questions to write the lab report that you will turn in to your teacher. You can upload your completed report with the upload tool in formats such as , Microsoft Word, or PDF. Alternatively, your teacher may ask you to turn in a paper copy of your report or use a web-based writing tool.QuestionsSection I: Overview of LabWhat is the purpose of the lab?What procedure did you use to complete the lab? Outline the steps of the procedure in full sentences.Section II: Observations and ConclusionsWhat charts, tables, or drawings would clearly show what you have learned in this lab?Each chart, table, or drawing should have the following items:An appropriate titleAppropriate labelsIf you could repeat the lab and make it better, what would you do differently and why?There are always ways that labs can be improved. Now that you are a veteran of this lab and have experience with the procedure, offer some advice to the next scientist about what you suggest and why. Your answer should be at least two to three sentences in length.Writing the Lab ReportNow you will use your answers from the four questions above to write your lab report. Follow the directions below.Section I: Overview of LabUse your answers from questions 1 and 2 (above) as the basis for the first section of your lab report. This section provides your reader with background information about why you conducted this lab and how it was completed. It should be one to two paragraphs in length.Section II: Observations and ConclusionsUse your answers from questions 3 and 4 (above) as the basis for the second section of your lab report. This section provides your reader with charts, tables, or drawings from the lab. You also need to incorporate your answers to the follow-up questions (from the Student Guide) in your conclusions.OverallWhen complete, the lab report should be read as a coherent whole. Make sure you connect different pieces with relevant transitions. Review for proper grammar, spelling, punctuation, formatting, and other conventions of organization and good writing. Fill in the blank with the correct conjunction of star.Yo _______ cansado.estoyestamosestasestanP.S I didnt put lines above the letters that need it because my device is not capable. Find mZECDEDC 31ABPLEASE HELP I WILL GIVE BRAINLIEST