From the following details calculate the Taxable Income of Mr. Johnson under U.S. Tax Laws.
|
Gross Income |
$ 180,000 |
|
Gross Income includes Life Insurance Proceeds of |
$ 30,000 |
|
Deductions for AGI |
$ 20,000 |
|
Charitable Contribution |
$ 2000 |
|
Medical Expenses |
$ 2500 |
|
Personal Casualty & Theft Losses |
$ 800 |
|
Standard Deduction |
$ 6100 |
|
Dependency Exemption (Qualified) |
$ 3400 |
2. As per the U.S Tax Laws, answer the following questions. Explain your answer by giving the reasons.
A. Mr. Calvin has a land valued at $ 45,000 in the beginning of the year and the value of the land appreciated to $ 60,000 at the end of the year. Will the increase in the value of land be taxed? If not, why?
B. Mr. Peter has saved an amount of $ 600 per month by washing his own car. In this way he has saved an amount of $ 7200 during the taxable year. What amount of his saving in this way is taxable? If not, why?
C. Mr. Anderson sold his property for 120,000 to Mr. David. The cost price of the property sold was $ 100,000. What amount of the property sold is taxable and what amount is not taxable. Explain by giving reason.
D. Mr. Paul has a life insurance policy of the sum assured of $ 1,500,000 for a period of 20 years. He paid annual premium of $ 50,000 for 12 years and then surrendered the policy for $ 850,000. What amount of the Life Insurance Proceeds is taxable? Explain why?
3. An extra benefit supplementing an employee's money wage or salary is called Fringe Benefit. Examples are a company’s car, private health care, etc. What Fringe Benefits do you get from your employer in your organizations? Describe in detail.
In: Accounting
Use only constitutional arguments to support your response.
In your discussion, present arguments for or against a law that restricts abortion by making it difficult for a woman to access. Is the State (in the US) infringing on a woman’s Right to Privacy by making abortion difficult to perform in the state? Why or why not? (2) How would you relate this law to the US Supreme Court decision in Roe v. Wade? (3) Is this law just, and does it infringe on a woman’s right to choose? Should abortion be a crime? Be insightful.
In: Operations Management
We want to make a machine that detects an alternating pattern. It should indicate whether
three or more alternating bits have been observed on our serial input X. So, if X has 010 or
101, the output Z will be high, otherwise the output will be low. Assume that when the
machine starts up or is reset, is has not seen any bits of data to work with and the output
cannot go high until it sees the third bit of data.
Your task is to design two CONCEPTUALLY different synchronous state machines (Mealy
and Moore) in Logisim. You can use either J-K or D flip-flops.
Your Task:
Make the State Diagram
Make the State Assignments
Make the State Transition Table
Make the K-Maps
Derive the Equations
Implement in Logisim
In: Electrical Engineering
Princess Beauty comes from a very noble family, and has inherited an X-linked Hemophilia A mutation from her mother. Her father King Chuck is red-green color blind. She has recently married Prince Brüno, who has no family history of X-linked conditions (what kind of royal is that?!). What is the likelihood that their first child will be a son who will not be hemophilic or color blind? The two mutations are 20 map units apart.
a. 0.05
b. 0.1
c. 0.20
d. 0.25
e. 0.5
*The answer is A please explain*
In: Biology
Q38 Answer the following questions about variability of data sets: [4 Marks]
(a) What is the primary disadvantage of using the range to compare the variability of data sets?
(b) Describe the sample variance using words rather than a formula. Do the same with the population variance.
(c) Can the variance of a data set ever be negative? Explain.
(d) Can the variance ever be smaller than the standard deviation? Explain.
DO NOT WRITE THE ANSWERS - USE WORD FORMAT.
NO PLAGIARISM IN THE ANSWERS PLEASE - WILL SEND BACK QUESTION IF THERE IS.
In: Statistics and Probability
Evaluate the role of Mental Health Counselor, beginning with your own description of the field itself, including both the history and the philosophies involved, explaining where your specialization fits, and describing how your specialization might collaborate with an Addictions Counselor. Cite the articles or other sources you use for the basis of your ideas.
In this part, specifically address the following questions:
1) How would you describe the key philosophies of the counseling profession: wellness, resilience, and prevention? Choose a wellness model, and explain how that model impacts the way in which counselors view clients and the concerns brought to counseling, including the kinds of information counselors need to have about their clients.
In: Psychology
Task 1: Roulette wheel simulation
A roulette wheel has 38 slots of which 18 are red, 18 are black, and 2 are green. If a ball spun on to the wheel stops on the color a player bets, the player wins. Consider a player betting on red. Winning streaks follow a Geometric(p = 20/38) distribution in which we look for the number of red spins in a row until the first black or green. Use the derivation of the Geometric distribution from the Bernoulli distribution to simulate the game. Namely, generate Bernoulli(p = 20/38) random variates (0 = red; 1 = black or green) until a black or green occurs.
Code set-up
A while loop allows us to count the number of spins until a loss. If we use indicator variable lose to note a win (1) or loss (0), the syntax is “while we have not lost (i.e., lose==0), keep spinning.” Once you win, the while loop ends and the variable streak has counted the number of spins. Try running a few times.
streak = 0
lose = 0
p = 20/38
while(lose==0){
lose = (runif(1) < p) #
generate Bernoulli with probability p
streak = streak + 1 # tally streak
}
streak
## [1] 2
The problem
The code chunk above performs the experiment once: spin the roulette wheel until you lose and record the number of spins. Simulate 1000 experiments. As usual, do this by wrapping the code chunk above within a for-loop and storing the number of spins streak in a vector.
# [Place code here]
Report the following:
hist(winstreak, br=seq(min(winstreak)-0.5, max(winstreak+0.5)), main="")
[Answer here]
In: Statistics and Probability
A random sample of 100 observations from a quantitative
population produced a sample mean of 29.8 and a sample standard
deviation of 7.2. Use the p-value approach to determine
whether the population mean is different from 31. Explain your
conclusions. (Use α = 0.05.)
State the null and alternative hypotheses. (Choose Correct
Letter)
(a) H0: μ = 31 versus Ha: μ < 31
(b) H0: μ ≠ 31 versus Ha: μ = 31
(c) H0: μ < 31 versus Ha: μ > 31
(d) H0: μ = 31 versus Ha: μ > 31
(e) H0: μ = 31 versus Ha: μ ≠ 31
Find the test statistic and the p-value. (Round your test
statistic to two decimal places and your p-value to four
decimal places.)
| z | = | |
| p-value | = |
State your conclusion. (Choose Correct Letter)
(a) The p-value is greater than alpha, so H0 is not rejected. There is sufficient evidence to indicate that the mean is different from 31.
(b) The p-value is less than alpha, so H0 is rejected. There is insufficient evidence to indicate that the mean is different from 31.
(c) The p-value is greater than alpha, so H0 is not rejected. There is insufficient evidence to indicate that the mean is different from 31.
(d) The p-value is less than alpha, so H0 is rejected. There is sufficient evidence to indicate that the mean is different from 31.
In: Statistics and Probability
According to Max Weber's definition of a state/sovereign i.e. "Something is a state/sovereignty if and insofar as its administrative staff successfully upholds a claim on the monopoly of the legitimate use of violence in the enforcement of its order" Would you argue that the United Nations is considered a state? what aspects of the UN would you argue don't fit Weber's framework and which do?
In: Economics
In 500-750 words, create a sentence outline of an Information System Contingency Plan (ISCP) for your organisation or an organisation you are familiar with, based on the seven steps listed above and described in the NIST 800-34 directive. Your sentence outline should briefly describe each topic of the ISCP. Each sentence, instead of simply identifying the ISCP topic, should be a brief statement about that topic. Each sentence should express the idea that that section of the plan will cover as part of describing the overall ISCP.
In: Economics