Reverend Ruth receives a yearly salary of $ 50,000 and a parsonage allowance of $ 12,000. She
Question:
Reverend Ruth receives a yearly salary of $ 50,000 and a parsonage allowance of $ 12,000. She paid $ 9,000 in rent for the house in which she lives, and she spent $ 1,500 on housing-related purchases. What is her gross income from these items?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
Reverend Ruth has gross income of 50000 for her salary The a...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Federal Tax Research
ISBN: 9781285439396
10th Edition
Authors: Roby Sawyers, William Raabe, Gerald Whittenburg, Steven Gill
Question Posted:
Students also viewed these Business Law questions
-
C. Bernal receives a yearly salary of $43 875.00. She is paid bi-weekly and her regular workweek is 37.5 hours. (a) What is the gross pay per pay period? (b) What is the hourly rate of pay? (c) What...
-
Multiple-Choice-Questions 1. Which of the following is not a step in the short-run decision-making model? a. Define the problem. b. Identify alternatives. c. Identify the costs and benefits of...
-
At the beginning of 2011, the citizens of North Ptarmigan created Share Shop, a voluntary health and welfare organization. Share receives donations of money, nonperishable groceries, and household...
-
On 1st April, 2013 CTS Ltd. granted 10,000 shares to employees and directors under stock option scheme at 100 (face value 10 and market value 130). The vesting period was three years. The maximum...
-
A beam of light is incident on a plane mirror at an angle relative to the surface of the mirror. (a) Will the angle between the reflected ray and the normal be (1) , (2) 90o , or (3) 2? (b) If =...
-
In the novel Around the World in 80 Days by Jules Verne, Phileas T. Fogg wagered four of his fellow members of the Reform Club in London £5,000 apiece that he could travel around the world in...
-
The square, flat plate shown in Fig. P9.49a is cut into four equal-sized pieces and arranged as shown in Fig. P9.49b. Determine the ratio of the drag on the original plate [case (a)] to the drag on...
-
Venture Investors, LLC, is trying to decide how much percent equity ownership in Black Hawk Products, Inc., it will need in exchange for a $5 million investment. Vail Venture Investors has a target...
-
Titleist Inc produces two types of golf balls for the retail consumer. They want to know which golf ball produces the greatest profit and they want to maintain at least $1.50 of profit per golf ball,...
-
There are 2 shinobis with chakra levels 5 and 10 respectively and the desired sum of chakra levels is utmost 15 Starting with ke0, suy of chakra levels after attack max(5-0,0) + max(10- 0,0) 5+10 15....
-
Con man Floyd sold Larry the Library of Congress for $ 150,000. Since Larry did not have that kind of money, he embezzled the $ 150,000 from his employer to make the purchase. a. How much gross...
-
Select three different primary sources, one from each area of tax law (legislative, administrative, and judicial), and provide a specific example of a source that is available in IntelliConnect.
-
Equipment acquired on January 3, 2007, at a cost of $265,500, has an estimated useful life of eight years and an estimated residual value of $31,500. a. What was the annual amount of depreciation for...
-
Driving down a long straight highway, you see a reflection of the sky in the road ahead. It disappears before you get to it but reappears down the road continually. Because there is nothing different...
-
What is the payback period for the project described in Problem 4.21 if the maintenance increases by $\$ 500 /$ year (after the first year)? Data from in problem 4.21 What is the payback period for...
-
Why is dynamic modeling based on objects, but not classes?
-
A light ray travels up from the bottom of a tank containing mineral water (index of refraction \(n=1.37\) ). If the water surface is smooth, at what minimum angle from the normal to that surface...
-
A healthcare home-care firm has a profit margin of 15 percent on visiting nurse sales of $\$ 20,000,000$. If the firm has debt of $\$ 7,500,000$, total assets of $\$ 22,500,000$, and an after-tax...
-
Sylvie Inc. incurred a net operating loss of $500,000 in 2025. Combined income for 2023 and 2024 was $350,000. The tax rate for all years is 20%. Sylvie elects the carryback option. Prepare the...
-
Define the essential properties of the following types of operating systems: a. Batch b. Interactive c. Time sharing d. Real time e. Network f. Parallel g. Distributed h. Clustered i. Handheld
-
Corey, a widower, is 80 years of age and in poor health. He would like to donate unimproved land to his church. The land cost Corey $40,000 and is currently worth $200,000. In carrying out the...
-
In terms of tax ramifications, comment on what is accomplished in the following disclaimer situations occurring in 2015. a. Lester dies intestate and is survived by a daughter, Nora, and a grandson,...
-
In each of the following independent situations, what bypass (exclusion) amount is available to Avas estate when she dies in 2015? Assume that any appropriate procedures are followed, and that...
-
How much does the company pay in Dividends in 2023 when running the Base Case Drivers?
-
A portfolio has a standard deviation of 25%. The correlation of the portfolio and the market is 1. If the risk-free rate is 3.2%, the expected return on the market portfolio is 11%, and the standard...
-
(6 pts.) The following gas phase reaction system is conducted in an isothermal constant volume batch reactor. The reactor is charged with pure A with an initial concentration CAO AB ri = k CA B D r2...
Study smarter with the SolutionInn App