Questions
While preparing Linda Lancaster's 2019 Schedule A, you review the following list of possible charitable deductions...

While preparing Linda Lancaster's 2019 Schedule A, you review the following list of possible charitable deductions provided by Linda:

Cash contribution to a family whose house burned down $1,500 Time while working as a volunteer at Food Bank (6 hours @ $50/hour) $300 Cash contribution to United Methodist Church (receipt provided) $700 Cash contribution to Salvation Army (note from Linda, "I can't remember exactly the amount that I gave and I can't find the receipt. I think it was around $525") $525 Total $3,025 Write a response to Linda regarding each of her four listed deductions. In your response include a description of each of the four listed deductions, and why it is an allowable deduction, or why it is not an allowable deduction. Finally, list how much of the deduction is allowed for charitable contributions.

In: Accounting

Your client, Mr. and Mrs. Smith, have asked you about making a $120,000 cash charitable contribution...

Your client, Mr. and Mrs. Smith, have asked you about making a $120,000 cash charitable contribution to their church. They have heard that the new tax law has changed some of the rules about itemized deductions and charitable contribution limits, but they don’t know the details. They have provided you with their expected adjusted gross income (before any itemized or standard deduction) for 2018 which will be $100,000. Their AGI for 2019 will be $50,000 because Mr. Smith is retiring at the end of 2018. They have no other itemized deduction expenses in 2018 and expect none in 2019.

1)Explain to your manager how this contribution will be deducted on the client’s return in 2018 and 2019 and any future years if applicable ,List the code section that applies to charitable contribution limitations  

2)List the code section that applies to charitable contribution limitations  

In: Accounting

From the following in 201X, record the transactions in Burbank’s auxiliary petty cash record and general...

From the following in 201X, record the transactions in Burbank’s auxiliary petty cash record and general journal as needed:

Oct. 1 A check was drawn (no. 444) payable to Eileen Cooper, petty cashier, to establish a $200 petty cash fund.

Oct. 5 Paid $20 for postage stamps, voucher no. 1.

Oct. 9 Paid $11 for delivery charges on goods for resale, voucher no. 2.

Oct. 12 Paid $16 for donation to a church (miscellaneous expense), voucher no. 3.

Oct. 14 Paid $10 for postage stamps, voucher no. 4.

Oct. 17 Paid $20 for delivery charges on goods for resale, voucher no. 5.

Oct. 27 Purchased computer supplies from petty cash for $25, voucher no. 6.

Oct. 28 Paid $13 for postage, voucher no. 7.

Oct. 29 Drew check no. 715 to replenish petty cash and a $5 shortage.

In: Accounting

6. How do components of the OTPF impact the client and how are they impacted by...

6. How do components of the OTPF impact the client and how are

they impacted by the client’s diagnosis or diagnoses?

a. If a client has a fractured wrist, their social context may be inhibited by

the client’s inability to drive to his/her card club.

b. The client with a spinal cord injury will demonstrate a deficit in motor

skills due to paralysis at/below the spinal level of the injury.

c. The client with a cognitive disorder (dementia) may have an

occupational deficit in dressing (ADL) due to an inability to remember

the steps to the task (client factor).

d. A client who has had a stroke and can no longer work, may have a

deficit in their role (homemaker or breadwinner-wife or husband), their

routine (inability to perform the tasks of cooking, cleaning or work),

ritual (difficulty holding a hymnal at church using both hands), habits

(inability to scratch their nose with the affected extremity).

In: Nursing

1.     Look at each of the cases below from the point of view of the balance...

1.     Look at each of the cases below from the point of view of the balance of payments for the United States. Determine the subcategory of the current account or financial account that each transaction would be classified in, and state whether it would enter as a credit or debit.

a.    The U.S. government sells gold for dollars.

b.   A migrant worker in California sends $500 home to his village in Mexico.

c.    An American mutual fund manager uses the deposits of his fund investors to buy Brazilian telecommunication stocks.

d.   A Japanese firm in Tennessee buys car parts from a subsidiary in Malaysia.

e.    An American church donates five tons of rice to the Sudan to help with famine relief.

f.    An American retired couple flies from Seattle to Tokyo on Japan Airlines.

g.    The Mexican government sells pesos to the United States Treasury and buys dollars.

In: Economics

Using the product the North Face Flight Futurelight Jacket, construct a marketing plan for their online...

Using the product the North Face Flight Futurelight Jacket, construct a marketing plan for their online presence. Include the following sections:
A. New Target Market;
B. Product Changes;
C. Distribution Channel Changes;
D. Promotional Changes;
E. Pricing Changes.

• MUST BE 5 PAGES

In: Operations Management

What are three significant changes to the current Internal Revenue Code from the Tax Cuts and...

What are three significant changes to the current Internal Revenue Code from the Tax Cuts and Jobs Act of 2017? please explain these changes in your own words. Please state how these changes will affect taxable income and whether or not you think these changes are an improvement to the tax code.

In: Accounting

1. What process changes could be implemented to achieve 80 to 90 percent reliability in preventing...

1. What process changes could be implemented to achieve 80 to 90 percent reliability in preventing and managing heel ulcerations?
2. What process changes could be implemented to reach 95 percent reliability in preventing and managing heel ulcerations?
3. If process changes are made to achieve 80 to 90 percent reliability, how would you measure the effectiveness of these changes?
4.    If process changes are made to achieve 95 percent reliability, how would you measure the effectiveness of these changes?

Please number each individual answer. The other answers I have found on chegg to this question are unclear.

In: Economics

After reading chapter 4, identify the major changes that took place in the DSM-5. Do you...

After reading chapter 4, identify the major changes that took place in the DSM-5. Do you think these changes were positive changes? Consider what changes you think might take place when the DSM 6 is published. Make sure to cite your sources.

In: Psychology

25. A relative price is: A. the rate of inflation. B. a measure of overall prices...

25. A relative price is:

A. the rate of inflation. B. a measure of overall prices at a particular point in time. C. the percentage change in a price index such as the CPI. D. the price of a specific good in comparison to the prices of other goods and services.

26.a specific good in comparison with other goods and services are called _______.

A. quality adjustments; substitution bias. B. changes in a relative price; inflation. C. inflation; changes in a relative price. D. price level adjustments; quality adjustments.

27. Suppose the value of the CPI is 1.10 in year 1, 1.16 in year 2, and 1.27 in year 3. Assume also that the price of computers increases by 3% between year 1 and year 2, and by another 3% between year 2 and year 3. The price level is increasing, the inflation rate is _______, and the relative price of computers is _________.

A. increasing; increasing B. constant; increasing C. constant; decreasing D. increasing; decreasing

28. Inflation _____ the signals sent by price changes to demanders and suppliers of goods and services.

A. amplifies B. obscures C. enhances D. has no impact on

29. The phenomenon known as _____ occurs when inflation causes people to pay an increasing percentage of their income in taxes even when their real incomes have not changed.

A. hyperinflation B. bracket creep C. the Fisher effect D. substitution bias

30. The shoe leather costs of inflation include all of the following EXCEPT:

A. the lost purchasing power of cash. B. the extra costs incurred to avoid holding cash. C. the cost of more frequent trips to the bank. D. the installation of a new cash management system. 31. Ann's Cookie Shop needs $1,000 cash per day for customer transactions. Ann has a choice between going to the bank first thing on Monday morning to withdraw $5,000 - enough cash for the whole week - or going to the bank first thing every morning for $1,000 each time. Ann puts the cost of going to the bank at $1 per trip. Assume that funds left in the bank earn precisely enough interest to keep their purchasing power unaffected by inflation. Ann's Cookie shop is open 5 days a week for 50 weeks each year. If Ann goes to the bank everyday when the inflation rate is 10%, then the annual cost of going to the bank is _____ and Ann's annual losses from holding cash are _____.

A. $50;$5,000 B. $50;$1,000 C. $250; $100 D. $250; $1,000

32. If workers and employers agree to a three-year wage contract expecting 3% inflation and inflation turns out to be 5%, then:

A. workers gain and employers gain. B. workers gain and employers lose. C. workers lose and employers gain. D. workers lose and employers lose.

33. When inflation turns out to be different than expected, wealth is ______.

A. destroyed B. redistributed C. increased D. decreased

34. It is difficult to engage in long-term financial planning when inflation is:

A. high and erratic. B. low and stable. C. accounted for through indexing. D. predictable.

35. The real interest rate is the:

A. market interest rate. B. annual percentage increase in the nominal value of a financial asset. C. annual percentage increase in the purchasing power of a financial asset. D. the interest rate charged on a loan in dollar terms.

36. The annual increase in the dollar value of a financial asset is called the:

A. real rate of return. B. inflation rate. C. real interest rate. D. nominal interest rate.

37. The market interest rate in Alpha is 7% and the market interest rate in Beta is 10%, but the inflation rate in Alpha is 3% and inflation rate in Beta is 8%. Which of the following statements is true?

A. The real interest rate is higher in Alpha, but the nominal interest rate is higher in Beta. B. The real interest rate is lower in Alpha, but the nominal interest rate is lower in Beta. C. Both the real and nominal interest rates are higher in Alpha. D. Both the real and nominal interest rates are higher in Beta.

38. On January 1, 2004, Anna invested $5,000 at 5% interest for one year. The CPI on January 1, 2004 stood at 1.60. On January 1, 2005, the CPI was 1.68. The real rate of interest earned by Anna was ____ percent.

A. -5 B. 0 C. 5 D. 8

39. Unexpectedly high inflation ______ borrowers and _____ lenders. A. helps; hurts B. helps; helps C. hurts; hurts D. hurts; helps 40. The Fisher effect is the tendency for ____ interest rates to be ______ when inflation is high.

A. real; high B. real; low C. market; low D. nominal; high

In: Economics