On page 3-7 (Section 3-1b, Standard Deduction), the text notes that individuals are allowed “additional standard deductions” if they are age 65 or older or if they are blind. On page 3-8, the text notes that the amount of a taxpayer’s basic standard deduction may be limited to the greater of $1,050 or the sum of $350 plus the taxpayer’s earned income if the taxpayer may be claimed as a dependent on another taxpayer’s return.

1. What are the rules for determining if an individual is 65 or older for purposes of claiming an additional standard deduction on his or her calendar 2018 return?
2. What are the rules for determining whether an individual is blind for purposes of claiming an additional standard deduction on his or her calendar 2018 return?
3. If an individual can be claimed as a dependent on another person’s return, what reductions, if any, must be made to the amounts of his or her additional standard deductions for being age 65 or older or for being blind?

The Affordable Care Act (“Obamacare”) became law in 2010. Before then, not everyone capable of paying for comprehensive health insurance chose to do so. With some exceptions, after the law took effect, almost everyone who could pay for comprehensive health insurance did so. There were more people with health insurance after the law than before the law. Assume that the value to US society of one more person having health insurance is greater than the value the individual herself or himself believes she or he receives. This is because as more people have health insurance, individuals with potentially contagious conditions obtain medical help that stops the spread of those diseases to others. With these facts, show by supply and demand curves how the Affordable Care Act (“Obamacare”) might have increased social welfare.

Listed below are student evaluation ratings of courses, where a rating of 5 is for excellent. The ratings were obtained at the University of Texas at Austin and it is normally distributed.

3.5 3.1 3.8 4.7 4.5 4.9 3.9 3.3 4.1 4.7 4.9 3.2 3.3 3.9 4.9 3.8 8.

Construct a 90% confidence level.

What does the confidence level tell us about the population of all college students in Texas?

Describe in words the hedging strategy that the company should take in each of these cases. Remember that a possible answer is that the company should not be hedging at all. (1 paragraph maximum for each)

a). A US manufacturing firm that produces in the US and sells cars in Europe would like to reduce the effect of currency fluctuations on its profits.

b) A CFO believes that the price of oil (one of the company’s main inputs) is going to increase, and wants to generate profits from this increase.

A California wine company is committed to selling €3,400,000 of inventory in December 2020 to a customer based in Amsterdam. The US Company wants to protect itself against a decline in profit that would result from foreign exchange. The current futures price is $1.1220, how would it hedge?

Sketch out the cash flows of the hedged position (in US$) assuming the following scenarios. A. St = F0 B. St = F0 - $0.12 C. St = F0 + $0.12

Key in a search with the prompt “projects in _____”, in which you select a country of interest (e.g. “projects in Finland”). Many of the projects generated by such a search are government-sponsored initiatives. In your discussion post, do the following:

1. Discuss the role of proper scheduling and planning for one such project you find on the Internet.
2. Share your findings and the reasons you believe planning was so critical to the project.
3. Provide a link that describes your project of interest..

Breakport University wishes to determine the percentage of students who will be taking courses during the summer. How many students must they ask to estimate the percentage with 99% confidence of being within 5 percentage points of the true value?

An investigator wants to estimate the proportion of freshman at his university who currently smoke cigarettes. How many freshman should be involved in the study to ensure that a 90% confidence interval estimate of the proportion is within 0.04 of the true proportion?

Paragraph 1-2?

Imagine you’re in a supervisory role at a corporation. You have a new, eager intern who is working with you for the summer. This individual is a student at local college who has not yet had a business writing course. You’ll need them to compose a series of letters for you over the course of the summer. You want to give them a brief guide to business letter writing that will help them learn your expectations and keep you from having to fully revise each letter.

q4

Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8738.00. The FICA tax for social security is 6.2% of the first $128,400 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The FUTA tax rate of 0.6% and the SUTA tax rate of 5.4% are applied to the first $7000 of an employee's pay. The amount of federal income tax withheld from her earnings was $1449.87. What is the total amount of taxes withheld from the Portia's earnings?  (Round your intermediate calculations to two decimal places.)

Q5

A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts:

1. All sales are made on credit. Based on past experience, the company estimates 0.4% of net credit sales to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?