Questions
Daniel, age 38, is single and has the following income and expenses in 2020: Salary income...

Daniel, age 38, is single and has the following income and expenses in 2020:

Salary income $183,000
Net rent income 2,500
Dividend income 1,300
Payment of alimony (divorce finalized in March 2019) 8,000
Mortgage interest on residence 7,000
Property tax on residence 3,800
Contribution to traditional IRA (assume the amount is fully deductible) 4,500
Contribution to United Church 1,900
Loss on the sale of real estate (held for investment) 2,825
Medical expenses 3,550
State income tax 1,500
Federal income tax 2,900

a. Classify the following expenses as either "Deductible for AGI", "Deductible from AGI", or "Not deductible".

Payment of alimony (divorce finalized in March 2019) Not deductible
Mortgage interest on residence Deductible from AGI
Property tax on residence Deductible from AGI
Contribution to traditional IRA (assume the amount is fully deductible) Deductible for AGI
Contribution to United Church Deductible from AGI
Loss on the sale of real estate (held for investment) Deductible for AGI
Medical expenses Deductible from AGI
State income tax Deductible from AGI
Federal income tax Not deductible

What is Daniel's gross income and his AGI?
Gross income: $
AGI: $

b. Should Daniel itemize his deductions from AGI or take the standard deduction?
Because Daniel's total itemized deductions (after any limitations) are $, he would benefit from itemizing his deductions .

In: Accounting

Use SPSS to determine if academic program is related to feelings about PSYC 3002 by computing...

Use SPSS to determine if academic program is related to feelings about PSYC 3002 by computing the appropriate chi square test.

1. Recall the four scales of measurement you learned about in Week 1 (i.e., nominal, ordinal, interval, ratio). Explain what scale of measurement is used to measure academic program in this example. How do you know?

2. Explain what scale of measurement is used to measure feeling about PSYC 3002. Explain how you know.

3. State whether this scenario requires a goodness of fit test or a test of independence. Explain your answer.

4. Before computing the chi square, state the null hypothesis and alternative hypothesis in words (not formulas).

5. Identify the obtained χ2 using SPSS and report it in your answer document.

6. State the degrees of freedom and explain how you calculated it by hand.

7. Identify the p value using SPSS and report it in your answer document.

8. Explain whether you should retain or reject the null hypothesis and why.

9. Are the results statistically significant? How do you know?

10. Explain what you can determine about the relationship between academic program and feelings about PSYC 3002.

DATA SET:

Nursing Psychology
Nervous 16 3
Excited 4 17


Another way of looking at this data set would be:
16 Nervous Nursing Students
3 Nervous Psychology Students
4 Excited Nursing Students
17 Excited Psychology Students

In: Statistics and Probability

Western State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 16,500...

Western State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 16,500 students are enrolled on campus; however, the admissions office is forecasting a 8 percent growth in the student body despite a tuition hike to $85 per credit hour. The following additional information has been gathered from an examination of university records and conversations with university officials:

WSU is planning to award 200 tuition-free scholarships.

The average class has 20 students, and the typical student takes 15 credit hours each semester. Each class is three credit hours.

WSU’s faculty members are evaluated on the basis of teaching, research, and university and community service. Each faculty member teaches five classes during the academic year.

Required:

Prepare a tuition revenue budget for the upcoming academic year.

Determine the number of faculty members needed to cover classes.

Assume there is a shortage of full-time faculty members. Select at least five actions that WSU might take to accommodate the growing student body by selecting an "X" next to the action.

You have been requested by the university’s administrative vice president (AVP) to construct budgets for other areas of operation (e.g., the library, grounds, dormitories, and maintenance). The AVP noted: “The most important resource of the university is its faculty. Now that you know the number of faculty needed, you can prepare the other budgets. Faculty members are indeed the key driver—without them we don’t operate.” Are faculty members a key driver in preparing budgets?

In: Accounting

Western State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 12,000...

Western State University (WSU) is preparing its master budget for the upcoming academic year. Currently, 12,000 students are enrolled on campus; however, the admissions office is forecasting a 7 percent growth in the student body despite a tuition hike to $80 per credit hour. The following additional information has been gathered from an examination of university records and conversations with university officials:

  • WSU is planning to award 160 tuition-free scholarships.
  • The average class has 20 students, and the typical student takes 20 credit hours each semester. Each class is four credit hours.
  • WSU’s faculty members are evaluated on the basis of teaching, research, and university and community service. Each faculty member teaches five classes during the academic year.


Required:
1. Prepare a tuition revenue budget for the upcoming academic year.
2. Determine the number of faculty members needed to cover classes.
3. Assume there is a shortage of full-time faculty members. Select at least five actions that WSU might take to accommodate the growing student body by selecting an "X" next to the action.
4. You have been requested by the university’s administrative vice president (AVP) to construct budgets for other areas of operation (e.g., the library, grounds, dormitories, and maintenance). The AVP noted: “The most important resource of the university is its faculty. Now that you know the number of faculty needed, you can prepare the other budgets. Faculty members are indeed the key driver—without them we don’t operate.” Are faculty members a key driver in preparing budgets?

In: Accounting

The nature of federalism is dynamic. It undergoes changes as changes in the demands of society...

The nature of federalism is dynamic. It undergoes changes as changes in the demands of society occur. What is the relationship between contemporary politics and trends in the size and power of the federal government? Many state governments argue that making federal funds dependent on state cooperation with national goals is “federal blackmail.” Why must the federal government use these financial incentives (and disincentives) instead of simply legislating that states do what the federal government wants? Does federalism retain substantial value in the modern era, or is it an obsolete obstruction which should be abandoned? Do you think it is better to leave issues like gun control and capital punishment to individual states?

(Make sure of one original post requiring 200-300 words in length)

In: Economics

Mutations are _________. changes in the composition of a DNA molecule changes in genes that ultimately...

  1. Mutations are _________.
  • changes in the composition of a DNA molecule
  • changes in genes that ultimately cause genetic diversity
  • the source of new alleles
  • chemical changes in the genetic material
  • all of the above
  1. Using a translation table, transcribe and translate the following DNA template strand:

DNA template               TACGCATTGGAAAGCATC   

Messenger RNA _______________________________

Amino acid sequence ________________________________

3. Briefly describe the role of the following RNA molecules in translation.

mRNA, tRNA, rRNA

In: Biology

Describe the changes involved in puberty, as well as the changes in the adolescent brain

Describe the changes involved in puberty, as well as the changes in the adolescent brain

In: Nursing

what is the relation between the reactive power changes and the voltage changes?

what is the relation between the reactive power changes and the voltage changes?

In: Electrical Engineering

Full price, Accrued Interest and Flat price in the middle of a coupon period: Consider a...

Full price, Accrued Interest and Flat price in the middle of a coupon period: Consider a gilt (UK government bond) paying interest on 14 May and 14 November, maturing on 14 November 2022. The coupon on the bond is 5%, and the gilt market uses the Act/Act convention. Calculate the full price, accrued interest and flat price if the bond is traded for settlement on 12 October 2019 at a yield to maturity of 5.5%.

In: Finance

The market for foreign exchange is the largest financial market in the world with the largest...

The market for foreign exchange is the largest financial market in the world with the largest volume of trades occurring in London, UK. Most of the participants in that market are commercial banks. Various countries central banks occasionally intervene in the market. What is the motivation for and intended effect of their intervention? Do you think they are able to achieve their goals? Do you think the introduction of the Euro has had an impact on the market? If so, what kind of effect?

In: Finance