Bernie is a former executive who is retired. This year Bernie received $250,000 in pension payments and $10,000 of social security payments. What amount must Bernie include in his gross income?
A.$255,000
B.$258,500
C. Zero
D.$250,000
E.$260,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Bernie is a former executive who is retired. This year Bernie received $250,000 in pension payments and $10,000 of social security ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What is the relationship between impulse purchases, gratification (instant or delayed) and opportunity cost?
Answers (1)
Marigold Corp. has these accounts at December 31: Common Stock, $12 par, 5,200 shares issued, $62,400; Paid-in Capital in Excess of Par Value $18,700; Retained Earnings $43,700; and Treasury Stock, 470 shares, $10,340.
Answers (1)
hich of the following is the most widely used and accepted form of payment for making business travel arrangements? A. 30-day accounts payable B. Major credit card C. Cash D. Personal check
Answers (1)
If people lost confidence in the government which would have the least value? a) flat money b) representative money c) commodity money d) gold standard
Answers (1)
The following information relates to a company's accounts receivable: accounts receivable balance at the beginning of the year, $300,000; allowance for uncollectible accounts at the beginning of the year, $25,000 (credit balance);
Answers (2)
New Questions in Business
Love Company's accounting records show an after-closing balance of $42,100 in its Retained Earnings account on December 31, 2018.
Answers (1)
g If government spending rises at the same time it reduces tax rates, then:Group of answer choicesbusiness investment will likely fall. crowding out will never occur. interest rates will never rise. business investment will likely rise.
Answers (1)
Wages of $8,000 are earned by workers but not paid as of december 31, 2017. depreciation on the company's equipment for 2017 is $18,000. the office supplies account had a $240 debit balance on december 31, 2016.
Answers (1)
You have placed an antique sofa up for auction and the auctioneer has not made any special announcements about the sale. You can withdraw the sofa at any time before the auctioneer closes the sale by announcement or by the fall of the hammer.
Answers (1)
2. Provide a definition for the following terms: • Accounts receivable: Enter definition here. • Supplies: Enter definition here. • Prepaid rent: Enter definition here. • Furniture: Enter definition here.
Answers (1)