How are the payments from a family income benefit policy treated for tax purposes?

Answers

Answer 1

Answer

i am not sure

Explanation:

Answer 2
Exempt from income taxes
Benefit payments from an individually-owned medical expense policy are exempt from income taxation.

Related Questions

Nonprofit organizations differ from for-profit businesses in that (1 point)
O nonprofit organizations are not businesses.
O nonprofit organizations retain profit rather than distribute it to shareholders.
O nonprofit organizations distribute profit to shareholders via dividends.
O nonprofit organizations do not earn a profit.

Answers

The difference between Nonprofit organizations from the for-profit businesses in that nonprofit organizations retain profit rather than distribute it to shareholders.

Nonprofits organization can be defined as as an organization formed for mutual benefit or public other than for generating profit for owners or investors

Nonprofits organization can have a separate legal entity while not for profits cannot have a separate legal entity.

Nonprofits organization does run like a business and earn a profit while the Not for profit does not earn profit for its owners.

Therefore, the option A. is correct.

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Answer:

B. nonprofit organizations retain profit rather than distribute it to shareholders.

Explanation:

I just took the test.

a . Write the importance of public services in five points.​

Answers

Answer:

1. public service help in mutual cooperation.

2.it help to get respect in society

3. positive thoughts out come in mind.

4.people can get more award and money

5.public service help to rid from the problem. like it if you think it was correct

A temporary association organized to perform a specific task requiring a large amount of capital is known as a(n)
O a. authority
b.cooperative
C, master limited partnership.
O d.conglomerate.
O e. syndicate

Answers

Answer:

Syndicate

Explanation:

why unemployment seen as crisis?​

Answers

Unemployment is seen as a crisis because it reflects the country’s economy, by which if it rises then the “health” or well-being of the economy can either be seen as unhealthy and lead to problems in the future.

I hope it helps

The number of days' sales in receivables a.measures the number of times the receivables turn over each year. b.is not useful in evaluating the efficiency of collecting receivables. c.is calculated as Average Receivables/Sales. d.is an estimate of the length of time the receivables have been outstanding.

Answers

Companies does make sales for cash or on a credit basis. Several categories of customers exist and to meet their demand, selling goods on credit is of an essential role. Receivables are often debited when credit sales are made. The number of days' sales in receivables an estimate of the length of time the receivables have been outstanding.

The days sales outstanding calculation, can also be called the average collection period or days' sales in receivables

It often measures the number of days it takes a firm to take cash from its credit sales.

This calculation often depicts the liquidity and efficiency of a firm's collections department.

Accounts receivable turnover is compared to number of days sales in receivables. It is often done by dividing 365 by the accounts receivable turnover ratio yields the accounts receivable turnover in days. It gives the average number of days it takes customers to pay their debts.

Conclusively, the accounts receivable days is a formula that helps an individual to fine out how long it takes to clear your accounts receivable.

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Define unemployment.​

Answers

Answer:

Unemployment means when you do not have a job

Explanation:

It means this because when you DO have a job you are Employed or you're an Employee, so the opposite would be unemployed

Waterworks Irrigation was a startup that was open for only one year of operation. During that year, it collected $175,000 in revenue and spent $50,000 on trucks, irrigation supplies, employees, and utilities. The owner of the firm, Cosmo, spent $100,000 of his own money to buy an office building and set up the office (instead of buying bonds and earning a 10% annual rate of return), which he later sold at the end of the year for $100,000. The firm's economic profit is:

Answers

The economic profit of Waterworks Irrigation  is $115,000.

Economic profit is revenue less explicit cost and opportunity cost.

Explicit cost is the cost incurred in the course of running the start-up. It includes administrative cost, rent and cost of raw materials.

Opportunity cost or implicit cost is the cost of the next best option that a decision maker forgoes when he chooses one option over other options.

Economic profit = revenue - explicit cost - opportunity cost

Revenue = $175,000Explicit cost = $50,000 Opportunity cost = 10% x 100,000 = $10,000

$175,000 - $50,000 - $10,000 = $115,000

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What type of cost are batteries for the renewable-energy industry?

a. explicit cost
b. variable cost
c. implicit cost
d. fixed cost
e. marginal cost

Answers

The batteries will be recognized and treated as Fixed cost in the renewable energy industry.

Renewable-energy industry are the industry that generates power from the infinite resources provided by the nature.

The Renewable-energy industry can be divided into 5 and includes hydroelectric power, wind power, bio-energy, solar energy and geothermal energy industry.

Industries like Solar Energy industry often use Batteries to store energy for usage when the Sun foes down.

The batteries will be classified as Fixed Cost because its facilitate the day to day operations due the increase in demand for energy.

Therefore, in conclusion, the correct answer is D.

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duties of a receptionist​

Answers

Answer:

1. polite

2.good communication skill

3.patient

4.good listening skill

WHAT ARE FLUOROPLASTIC LIMITATIONS ?

Answers

Fluoroplastic is the term given to a class of plastics where the hydrogen atoms of the hydrocarbon chains have been replaced with fluorine atoms. This change drastically alters the properties of the plastic, allowing it to be used in several specialty applications.

Because fluoroplastics are highly inert, they are ideal for protecting industrial parts and components, such as washers, seals, gaskets and pump interiors from electrochemical corrosion attack. One of the most popular members of the fluoroplastic family is polytetrafluoroethylene (PTFE), known commercially as Teflon. Other common fluoroplastics include fluoronated ethylene propylene (FEP), perfluoroalkoxy (PFA), and polyvinyl fluoride (PVF).

Fluoroplastics possess several unique features that distinguish them from regular plastics. Some of their most beneficial properties include:

Non-stick characteristics
Resistance to high temperatures
Resistance to chemical and solvent attack
High electrical resistance
These properties allow fluoroplastics to be used in many life-saving and safety-related applications, such as coating protective garments for fire and chemical resistance. They are also commonly used to insulate hidden wires and cables.

which item must be applied over a bandage on a food handler's finger?​

Answers

gloves?

if it's a food handler they would have to wear them regardless, but especially when you're wearing a bandage.

8 of 19
Human skills are important management skills especially when:

Answers

Answer:

fostering teamwork, managing conflict, and encouraging improvement.

Explanation:

Đặc điểm sản phẩm tác động tới việc lựa chọn phương thức thâm nhập thị trường thế giới của
doanh nghiệp này như thế nào

Answers

Language please. : (

Answer:

translate to English please

Instruction: Read each question, then select your answer choice.

1. Raw materials, buildings, and machinery are _______
resources.

Answers

Answer:

Physical Resourcers

Explanation:

Physical resources - that’s the answer

why would you use break-even point ​

Answers

The break-even point calculation is a useful tool to analyse critical profit drivers of your business including sales volume, average production costs and average sales price.

sophie works as a superior in the bakery at pick and pay. what level of management is she?
A. Middle manager
B. Top manager
C. Intermediate manager
D. First-line manager​

Answers

Answer:

First-line manager.

Explanation:

Because Sophie is a "superior" instead of being called a "Restaurant Manager" or "Owner" she would be considered front-line.

________ exists when a large number of firms produce goods that are similar but customers believe there is a difference.

Answers

Answer:

Monopolistic Competition

Explanation:

Answer (Competitive practice)

The answer that fills the blank is competitive practice because businesses compete when they have a similar product that they both try to sell.

Hope this helps have a nice day :)

The following information relates to Paternus Company: Sales revenue $ 17,610,000 Contribution margin 6,510,000 Net Income 1,130,000 If a manager at Paternus desired to determine the percentage impact on income of a given percentage change in sales, the manager would multiply the percentage increase/decrease in sales revenue by: Multiple Choice 0.17.

Answers

Answer:

Phương trình kế toán là gì?

Explanation:

Phương trình kế toán là gì?Phương trình kế toán là gì?Phương trình kế toán là gì?Phương trình kế toán là gì?Phương trình kế toán là gì?PhươPhương trình kếPhương trình kế toán là gì? toán là gì?Phương trình kPhương trình kPhương trình kế toán là gì?ế toán là gì?Phương trình kế toán là gì?Phương trình kế toán là gì?ế toán là gì?PPhươnPhương trình kế toán là gì?Phương trình kế toán là gì?g trình kế toán là gì?Phương trình kế toán là gì?hươnPhương trình kế toán là gì?g trình kế toán là gì?ng trình kế toán là gì?

Miller Company reported the following information in its 2017 financial statements ($ in millions): 2017 2016 Balance Sheet: Accounts receivable, net $ 1,947.4 $ 1,574.6 Income statement: Sales revenue $ 18,276.6 A note disclosed that the allowance for uncollectible accounts had a balance of $27.4 million and $27.7 million at the end of 2017 and 2016, respectively. Bad debt expense for 2017 was $18.0 million. Required: Determine the amount of cash collected from customers during 2017. (Al

Answers

The Miller Company's cash collections from customers during 2017 are determined to total $17,885.8 million.

Data and Calculations:

Bad Debts Expense for 2017 = $18.0 million

Balance Sheet                                             2017           2016

                                                                 million         million

Accounts receivable, net                     $ 1,947.4    $ 1,574.6

Allowance for Uncollectible Accounts     $27.4         $27.7

Accounts receivable, gross                 $1,974.8     $1,602.3

Income statement:

Sales revenue $ 18,276.6

T-Accounts:

Accounts Receivable

Account Title                      Debit         Credit

Beginning balance     $1,602.3

Sales revenue             18,276.6

Allowance for Uncollectible               $18.3

*Cash                                             17,885.8

Ending balance                             $1,974.8

Totals                       $19,878.9 $19,878.9

Allowance for Uncollectible Accounts

Account Title                Debit         Credit

Beginning balance                        $27.7

*Accounts receivable $18.3

Bad debts expense                       $18.0

Ending balance          $27.4

Totals                         $45.7         $45.7

*The amounts were determined by subtraction.

Thus, the cash collected from customers during 2017 amounted to $17,885.8 million.

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Sye Chase started and operated a small family architectural firm in Year 1. The firm was affected by two events: (1) Chase provided $18,800 of services on account, and (2) he purchased $7,500 of supplies on account. There were $1,050 of supplies on hand as of December 31, Year 1.

Required
a. b. & e. Record the two transactions in the accounts. Record two separate entries for the closing entries. Record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. Post the entries in the T-accounts and prepare a post-closing trial balance.

Answers

Answer:

I need help too

Explanation:

23=56

Assume 8% interest rate
You need to pay $12000 tuition fee at the end of each year in the next
6 years. What is the amount that you need to prepare today to pay all
the tuition fees in the next 6 years?
Assume that you have 60476 USD right now. After paying the tuition
fees in the next 6 years, what is the remaining amount at the end of
year 6.

Answers

Thus, the tuition fee for 6 years would be $72,000, and after paying the tuition fees in the next 6 years, the remaining amount would be $35,491.81.

Given that you need to pay $ 12000 tuition fee at the end of each year in the next 6 years, to determine what is the amount that you need to prepare today to pay all the tuition fees in the next 6 years, assuming that you have 60476 USD right now and will be invested at 8% per year, and determine, after paying the tuition fees in the next 6 years, what is the remaining amount at the end of year 6, the following calculations must be made:

12000 x 6 = 72000 X = 60476 x (1 + 0.08 / 1) ^ 6x1 X = 60476 x 1.08 ^ 6 X = 60476 x 1.5868 X = 95967.81 95967.81 - 60476 = 35.491.81

Thus, the tuition fee for 6 years would be $ 72,000, and after paying the tuition fees in the next 6 years, the remaining amount would be $ 35,491.81.

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tình hình kinh tế và triển vọng phát triển của việt nam

Answers

Answer:

English plzzz

Explanation:

If a person pays $2 in ATM fees each week for 5 years, what would be the total cost of that service?

Answers

The total cost of the service would be $520.

Why is it important to take notes during long lectures or discussions?

a) To review material later

b) To make sure speakers do not change their opinion in later lectures

c) To reuse notes when giving a presentation

d) To quiz the speakers

Answers

Answer:

B. to make sure speakers do not change their opinion in later lectures.

tình hình kinh tế và triển vọng phát triển của việt nam

Answers

Answer:

English plzzz

Explanation:

what are the advantages of Dynamic programming

Answers

Answer:

The advantage of dynamic programming is that it can obtain both local and total optimal solution. Also, practical knowledge can be used to gain the higher efficiency of dynamic programming. However, there is no unifiedstandard model for dynamic programming, multiple condition may appear during the solving process.

UDig is a large mining company based in country B. UDig is in the private sector. It supplies
businesses in country B with 30% of the coal they need and the rest is imported.

Answers

A private company is a for-profit organization that does not belong to the state but a particular group or individual.

The term private company refers to a for-profit organization that is controlled by a group of people or an individual and does not belong to the State.

Private companies are also characterized by:

It develops an economic activity such as the production, distribution, or sale of some good or service to obtain profits (for profit).It can be sold to the State, but it would cease to be a private company.It can be privatized after being a public company.It can compete with the public company.You must pay taxes to the government and guarantee for your workers all the benefits established by law.

The private sector refers to the set of private companies in a country, they can be foreign or national companies.

Note: The question is incomplete. Here's the full question:

Define 'private sector'.

UDig is a large mining company based in country B. UDig is in the private sector. It supplies businesses in country B with 30% of the coal they need and the rest is imported.

UDig now has eight mines but plans to close two of them. This will threaten 1800 employees with redundancy. The Managing Director said: ‘I blame the appreciation of country B’s exchange rate and new legal controls, including those to protect the environment. The Government should help private sector businesses. '

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What is Trompenaars cultural dimension?

Answers

Answer: Organizations all over the world work are dealing with a wide variety of cultures. According to Fons Trompenaars, cultural differences will create a better understanding of reality. ... The name of this management and communication model is the Trompenaars Cultural Dimensions.

Explanation:

evaluate the financial viability of entrepreneurship​

Answers

In a commercial context, viability refers to the ability of a business to exist, be profitable and to grow. ... Using research, experience and business principles, it will determine the probability of the project to sustain itself, grow, meet the objectives of the project and offer the expected returns of the investor.

5 ways that bussiness bulid relationships with customers​

Answers

Answer:

How to Build Strong Customer Relationships

Write killer emails.

Embrace pathological empathy.

Blow away their customer service expectations.

Seek feedback and show you genuinely care.

Be consistent and timely in your interactions.

Establish trust.

Reward loyalty.

Explanation:

Answer:

Communicate

Exceed expectations

Ask for feedback

Connect

Show appreciation

Explanation:

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