5. Ed, an employee of the Natural Color Company, suffered from a rare disease that was very expensive to treat. The local media ran several stories about Ed’s problems, and the family created a website that generated more than $10,000 in gifts from individuals to help pay the medical bills. Ed’s employer provided hospital and medical insurance for its employees, but the policy did not cover Ed’s illness. When it became apparent that Ed could not pay all of his medical expenses, the hospital canceled the $25,000 Ed owed at the time of his death. After Ed’s death, his former employer paid Ed’s widow $12,000 in "her time of need." Ed’s widow also collected $50,000 on a group term life insurance policy paid for by Ed’s employer. What are Ed’s and his widow’s gross income?

Answers

Answer 1

Answer:

$0

Step-by-step explanation:

The $10,000 that Ed's family received as gifts from individuals to help them pay the hospital bill are not included as part of their gross income.

Generally debt cancellations are taxable, except when they are made out of "detached and disinterested generosity", i.e. debt is cancelled for humane reasons and not business reasons. I believe that the $25,000 debt that was cancelled by the hospital fits into the definition of disinterested generosity, therefore, the $25,000 are considered a gift and are not taxable.

Under section 102, money given by an employer to an employee's widow may be considered a gift and is not taxable. If the payment is made due to a special circumstance and not in recognition of previous work done, then it is a gift. I also believe that the family can argue that this money is a gift since Ed died of a rare disease that left them almost bankrupt.

Life insurance proceeds are not taxable.


Related Questions

Find the slope of each line.
17) y=-5x - 1

Answers

-5 is the slope because y=mx+b and (m) is the slope

What point is a solution to the inequality shown in this graph? (-3,-6) & (3,2)

Answers

Answer:

(0,5)

Step-by-step explanation:

what is LCM and WHAT is LCD?​

Answers

Lowest common multiple and I think Lowest common denominator
yup! that’s correct!

Help me !!!
!!!
!!
!!
!!

Answers

Answer:

one hundred and sixty.

Thank you ☺️

Answer:

One Hundred Sixty

Step-by-step explanation:

A sample of students that had stuffy or runny noses were blindly given a single Skittles candy to put in their mouth. They were told the five possible flavors and then were asked which flavor they had. Of the 118 students tested, 44 gave the correct answer. Find a 95% confidence interval for the proportion of all students with stuffy or runny noses that could correctly identify a Skittles flavor blindly.

Answers

Answer:

The confidence interval is  [tex]0.2857<  p <  0.4601[/tex]

Step-by-step explanation:

From the question we are told that

  The sample size is  n  =  118  

   The  number that gave the correct answer is  k =  44

Generally the sample proportion is mathematically represented as

      [tex]\^ p = \frac{44}{118}[/tex]

=>     [tex]\^ p =0.3729[/tex]

Generally given that the confidence level is  95% the level of significance is mathematically represented as

       [tex]\alpha = (100 -95) \%[/tex]

=>     [tex]\alpha = 0.05[/tex]

Generally from the normal distribution table the critical value  of  [tex]\frac{\alpha }{2}[/tex] is  

   [tex]Z_{\frac{\alpha }{2} } =  1.96[/tex]

Generally the margin of error is mathematically represented as  

     [tex]E =  Z_{\frac{\alpha }{2} } * \sqrt{\frac{p(1 - p)}{n} }[/tex]

=>   [tex]E =  1.96 * \sqrt{\frac{0.3729(1 - 0.3729)}{118} }[/tex]

=>    [tex]E = 0.0872 [/tex]

Generally 95% confidence interval is mathematically represented as  

             [tex]\r p -E <  p <  \r p +E[/tex]

=>    [tex]0.3729 -0.0872<  p <  0.3729 +0.0872[/tex]

=>  [tex]0.2857<  p <  0.4601[/tex]

Points R, S, and T are collinear, and S is between R and T, in addition, RS = 2x-4, ST = 3x+2, and RT = 13. Find the value of RS

Answers

Answer:

RS = 2

Step-by-step explanation:

Points R, S, and T are collinear, and S is between R and T, in addition, RS = 2x-4, ST = 3x+2, and RT = 13. Find the value of RS

Hence:

RS + ST = RT

2x - 4 + 3x + 2 = 13

2x + 3x - 4 + 2 = 13

5x - 2 = 13

5x = 13 + 2

5x = 15

x = 15/5

x = 3

To find the value of RS

RS = 2x-4

RS = 2 × 3 - 4

RS = 6 - 4

RS = 2

what Mitochondria of a
of a cell

Answers

Answer:

membrane-bound cell organelles

350 - 15x = 200 - 10x
Sam’s Jet Ski rental charges $350 to rent a jetski plus $15 per hour. Brian’s Jet Ski rental charges $200 to rent a jetski plus $10 per hour

Steven has an account with $350 in it and he withdrawals $15 per day. Jessica has an account with $200 and withdrawals $10 per day.

Water tank A has 350 gallons of water and is losing 10 gallons per minute. Water tank B has 200 gallons of water and is losing 15 gallons per minute

Tree A has a height of 350 centimeters and is growing at a rate of 15 cm per day. Tree B has a height of 200 centimeters and is growing at a rate of 10 centimeters per day

Answers

Answer

Steven has an account with $350 in it and he withdrawals $15 per day. Jessica has an account with $200 and withdrawals $10 per day.

Playing golf, Mike got a + 2on the first hole and - 2 on the second hole. What is his combined score for the first two holes?

Answers

Answer:

0

Step-by-step explanation:

he had a score of 2 on the first hole and then he go a birdie i think and it subtracted 2 from that leaving 0

Solve the system by substitution.
9x + 3y = -30
– 5x = y

Answers

Answer:

x=  -1/3

y= -2

Step-by-step explanation:

got it right on my quiz

The solution to the system of equations is (x, y) = (5, -25) which is determined by the substitution method.

What is the equation?

The equation is defined as a mathematical statement that has a minimum of two terms containing variables or numbers that are equal.

The system of equations is given, as follows

9x + 3y = -30    ....(i)

– 5x = y            ....(ii)

To solve the system of equations by substitution, we can use the second equation to substitute for y in the first equation.

First, we'll solve the second equation for y:

y = -5x

Now we'll substitute that value for y in the first equation:

9x + 3(-5x) = -30

9x - 15x = -30

-6x = -30

x = 5

Now we can substitute that value for x back into the second equation to find y:

y = -5(5)

y = -25

So the solution to the system of equations is (x, y) = (5, -25).

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The mean of the standard normal distribution is 1 and the standard deviation is 0. Group of answer choices False True

Answers

Answer:

True

Step-by-step explanation:

The standard normal distribution is special case of normal distribution which centers at 0 thus the mean μ of standard normal distribution is zero and the dispersion from mean value is unity measured by standard deviation σ.

Thus, the mean of standard normal distribution is zero and standard deviation is unity.

josh has $300 in his savings account. his account earns 2% interest each month

Answers

He earns $6 in interest every month
300 * 0.02 = 6

Answer:

$6 dollars i guess

Step-by-step explanation:

what is the solution of x^3 -1 / x^2 + 5x +4 < 0?

Answers

Answer:

Its a little confusing if i wrote it so here hope this helps.

Step-by-step explanation:

Select the word problem that can be modeled by the addition of two negative numbers. A Polly bought a cracker for $4 and then bought a parrot for $3. By how much did Polly's account change after her transactions? B Marcus sold a cat for $9 and then bought a plant for $4. By how much did Marcus's account changed after his transactions? C Virginia sold her pottery for $5 and then sold a hat for $2. By how much did Virginia's account change after her transactions? D Amir bought a VCR for $8 and then resold it for $9. By how much did Amir's account change after his transactions?

Answers

Answer: A.) Polly bought a cracker for $4 and then bought a parrot for $3. By how much did Polly's account change after her transactions?

Step-by-step explanation:

Word problem which can be modeled by the addition of two negative numbers :

A.) Polly bought a cracker for $4 and then bought a parrot for $3. By how much did Polly's account change after her transactions

Amount spent on cracker = - $4

Amount spent on carrot = - $3

Change in account = - 4 + (-3) = - $7

B.) Marcus sold a cat for $9 and then bought a plant for $4. By how much did Marcus's account changed after his transactions?

Amount received from sale of cat = $9

Amount spent on plant = - $4

Change in account = 9 + (-4) = $5

C.) Virginia sold her pottery for $5 and then sold a hat for $2. By how much did Virginia's account change after her transactions?

Amount received from sale of pottery = $9

Amount received from sale of hat = $2

Change in account = 9 + 2 = $11

D.) Amir bought a VCR for $8 and then resold it for $9. By how much did Amir's account change after his transactions?

Amount spent on VCR = - $8

Amount received from sale of VCR = $9

Change in account = - 8 + 9 = $1

There are 8 fluid ounces in one cup.
Write this as a unit rate.
Hint: use per, every, or each.

Answers

Answer:

8

Step-by-step explanation:

What are the coordinates of the point (-3, 4) after a translation 5 units
right and 6 units down?

Answers

Answer:

(2,-2)

Step-by-step explanation:

Match the properties with the steps to solving the following equation.
(8.x – 6) = x + 9

Answers

Answer:

8x - 6 = x + 9 : Given

7x - 6 = 9 :Subtraction property of equality

7x = 15 : Addition property of equality

x = 15/7 : Division property of equality

x = 2.143

Step-by-step explanation:

Match the properties with the steps to solving the following equation.

(8x - 6) = x + 9

8x - 6 = x + 9 : Given

8x - x - 6 = x + 9 - x

7x - 6 = 9 :Subtraction property of equality

7x - 6 + 6 = 9 + 6

7x = 15 : Addition property of equality

7x/ 7 = 15/7

x = 15/7 : Division property of equality

x = 2.143

Expand the following expression 3(4−5x)

Answers

Answer:

12-15x

Step-by-step explanation:

3 × 4=12

3 × -5x=-15x

12 - 15x

each friend received 5/4 of a pound of berries, how many friends are sharing berries?​

Answers

Answer:

2

Step-by-step explanation:

If 5 friends are sharing the berries, how many pounds of berries does each friend receive? Is the answer to 3/4 divided by 2/5 greater than or less than 1.

The distribution of speeds on a particular highway has a mean of 60 mph with a standard deviation of 10 mph. The distribution of speeds is NOT known to be bell-shaped. Use the scenario to answer the next 3 questions.

At least what percentage of cars is traveling between 40 and 80 mph?

At least what percentage of cars is traveling between 20 and 100 mph?

If a sample of 40 cars is selected at random, estimate the number of cars that are traveling between 40 and 80 mph.

Answers

Answer:

a) At least what percentage of cars is traveling between 40 and 80 mph?

75%

b) At least what percentage of cars is traveling between 20 and 100 mph?

93.75%

c) If a sample of 40 cars is selected at random, estimate the number of cars that are traveling between 40 and 80 mph.

30 cars.

Step-by-step explanation:

We apply Chebyshev's Theorem

This states that:

1) At least 3/4 (75%) of data falls within 2 standard deviations from the mean - between μ – 2σ and μ + 2σ.

2) At least 8/9 (88.89%) of data falls within 3 standard deviations from the mean - between μ - 3σ and μ + 3σ.

3) At least 15/16 (93.75%) of data falls within 4 standard deviations from the mean - between μ - 4σ and μ + 4σ.

From the question, we have:

Mean of 60 mph

Standard deviation of 10 mph.

a) At least what percentage of cars is traveling between 40 and 80 mph?

Applying:

Applying the first rule: At least 3/4 (75%) of data falls within 2 standard deviations from the mean - between μ – 2σ and μ + 2σ.

μ – 2σ

60 - 2(10)

60 - 20

= 40 mph

μ + 2σ.

60 + 2(10)

60 + 20

= 80 mph

Hence, at least 75% of cars is traveling between 40 and 80 mph.

b) At least what percentage of cars is traveling between 20 and 100 mph?

At least 15/6 (93.75%) of data falls within 4 standard deviations from the mean - between μ – 4σ and μ + 4σ.

μ – 4σ

60 - 4(10)

60 - 40

= 20 mph

μ + 4σ.

60 + 4(10)

60 + 40

= 100 mph

Hence, at least 93.75% of cars is traveling between 40 and 80 mph.

c) If a sample of 40 cars is selected at random, estimate the number of cars that are traveling between 40 and 80 mph.

Since we know from question a) that

at least 75% of cars is traveling between 40 and 80 mph.

Given a sample of 40 cars:

75% of 40 cars

= 75/100 × 40

= 30 cars.

The number of cars that are traveling between 40 and 80 mph is 30 cars.

7. A crew of electricians can wire 6 houses in 243 hours. How many hours will it take them to wire
13 houses?

Answers

Answer:

243*2=486

243/6=40.5 Or how many hour it would take to wire one house.

486+40.5=526.5Hrs

The mayor of a town has proposed a plan for the annexation of a new bridge. A political study took a sample of 1100 voters in the town and found that 54% of the residents favored annexation. Using the data, a political strategist wants to test the claim that the percentage of residents who favor annexation is more than 50%. Determine the P-value of the test statistic. Round your answer to four decimal places.

Answers

Answer:

The p-value is  [tex]p-value = 0.0039854[/tex]

Step-by-step explanation:

From the question we are told that

   The sample size is  n = 1100

   The population proportion is  p = 0.50

  The sample proportion is  [tex]\^ p = 0.54[/tex]

The null hypothesis is  [tex]H_o : p = 0.50[/tex]

The alternative hypothesis is [tex]H_a : p > 0.50[/tex]

 Generally the test statistics is mathematically represented as

     [tex]z = \frac{\^ p - p }{ \sqrt{\frac{ p(1 - p)}{n} } }[/tex]

=>   [tex]z = \frac{ 0.54 - 0.54 }{ \sqrt{\frac{ 0.50 (1 - 0.50)}{1100} } }[/tex]

=>  [tex]z = 2.6533[/tex]

Generally from the z-table the probability of 2.6533 for a right tailed test is  

         [tex]p-value = 0.0039854[/tex]

Candice is preparing for her final exam in Statistics. She knows she needs an 65 out of 100 to earn an A overall in the course. Her instructor provided the following information to the students. On the final, 200 students have taken it with a mean score of 57 and a standard deviation of 6. Assume the distribution of scores is bell-shaped. Calculate to see if a score of 65 is within one standard deviation of the mean.

Answers

Answer:

a. 72

b. 816

c. 570

d. 30

Step-by-step explanation:

Given the graph is a bell - shaped curve. So, we understand that this is a normal distribution and that the bell - shaped curve is a symmetric curve.

Please refer the figure for a better understanding.

a. In a normal distribution, Mean = Median = Mode

Therefore, Median = Mean = 72

b. We have to know that 68% of the values are within the first standard deviation of the mean.

i.e., 68% values are between Mean  Standard Deviation (SD).

Scores between 63 and 81 :

Note that 72 - 9 = 63 and

72 + 9 = 81

This implies scores between 63 and 81 constitute 68% of the values, 34% each, since the curve is symmetric.

Now, Scores between 63 and 81 =  

= 68 X 12 = 816.

That means 816 students have scored between 63 and 81.

c. We have to know that 95% of the values lie between second Standard Deviation of the mean.

i.e., 95% values are between Mean  2(SD).

Note that 90 = 72 + 2(9) = 72 + 18

Also, 54 = 63 - 18.

Scores between 54 and 90 totally constitute 95% of the values. So, Scores between 72 and 90 should amount to  of the values.

Therefore, Scores between 72 and 90 =  

= 570.

That is a total of 570 students scored between 72 and 90.

d. We have to know that 5 % of the values lie on the thirst standard Deviation of the mean.

In this case, 5 % of the values lie between below 54 and above 90.

Since, we are asked to find scores below 54. It should be 2.5% of the values.

So, Scores below 54 =  

= 2.5 X 12 = 30.

That is, 30 students have scored below 54.

Step-by-step explanation:

It is found that score of 62 is not within one standard deviation of the mean.

What is z - score?

The Z-score measures how many standard deviations the measure is from the mean. If we've got a normal distribution, then we can convert it to standard normal distribution and its values will give us the z score.

If we have  [tex]X \sim N(\mu, \sigma)[/tex]then it can be converted to standard normal distribution as

[tex]Z = \dfrac{X - \mu}{\sigma}, \\\\Z \sim N(0,1)[/tex]

In a set with mean and standard deviation, the z- score of a measure X is given by:

[tex]Z = \dfrac{X - \mu}{\sigma},[/tex]

Z-score, we look at the z-score table and find the p-value associated with this z-score.

Given that Mean score of 54 and a standard deviation of 6.

This means to see if a score of 62 is within one standard deviation of the mean.

Is Z between -1 and 1 when X = 62.

[tex]Z = \dfrac{X - \mu}{\sigma},\\Z = \dfrac{62 - 54}{6},[/tex]

Z = 1.33

Therefore, It is found that score of 62 is not within one standard deviation of the mean.

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Susan has two pieces of ribbon, one 18 inches long and the other 12 inches long. To decorate an album, she wants to cut them up to produce many pieces of ribbon that are all of the same length, with no ribbon left over. What is the greatest length, in inches, that she can make them? PLEASE HURRY IM TAKING A TIMED TEST!!

Answers

Answer:

I'm pretty sure its 12 inches

Step-by-step explanation:

Quadrilateral EFGH is a scaled copy of quadrilateral ABCD. Select the true statement.

Answers

Answer:

segment EF is twice as long as segment AB

Step-by-step explanation:

Quadrilateral EFGH and quadrilateral ABCD are similar polygons. We can say that two polygons are similar if their corresponding angles are equal to each other and their corresponding sides are proportional to each other.

From the image attached, we can see that side CD and side GH are corresponding sides. The ratio of their sides are to be proportional.

GH / CD =  12 / 6 = 2

Therefore Quadrilateral EFGH is twice the size of Quadrilateral ABCD. Since side EF and side AB are proportional, therefore segment EF is twice as long as segment AB

What are pyrotechnics? How have pyrotechnics and sounds changed the filming ?

Answers

Answer:

Pyrotechnics are self-contained, self -sustained explosions, fires, flames, and fireworks used in live performances, film, and other forms of entertainment. Pyrotechnics/sounds, combined together have changed the filming industry by making special effects more realistic and experiential to the viewer. This has allowed these types of effects to be done safety.

Pyrotechnics are self-contained, self-sustaining explosions, fires, flames, and fireworks.


Here is the question, a definition of pyrotechnics has been asked.

What is arithmetic?

In mathematics, it deals with numbers of operations according to the statements. There are four major arithmetic operators, addition, subtraction, multiplication and division,

Explosions, fires, flames, and fireworks that are self-contained, and self-sustaining are known as pyrotechnics and are utilized in live performances, movies, and other forms of entertainment. By enhancing the viewer's sense of realism and immersion in the special effects, fireworks and sounds have transformed the cinema industry. This has made it possible to perform these kinds of effects safely.

Thus, Pyrotechnics are self-contained, self-sustaining explosions, fires, flames, and fireworks.

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Point E is located at -1p on the number line, Point F is located at 9 on the number line.
What is the distance between Point E and Point F on the number line? Enter the answer in the box. PLS HELP MEEEE

Answers

Answer:

-1 p will be a ok answer please with

To visit the top of the Empire State building , a ticket in 1999 cost four dollars , in 2019 the same ticket cost $32 ,what was the percentage change in the cost of the ticket ?

Answers

Answer:

700%

Step-by-step explanation:

The formula to find the percentage is found below =

[tex]\frac{changeinvalue}{absolutevalueoftheoriginalvalue} * 100[/tex]

So to find the change in value, we must subtract 32 from 4, which gets us -28.

We know the og value already, 4 dollars.

So do the division

[tex]\frac{-28}{4} =-7[/tex]

Now the multiplcation,

-7 * 100

-700

700%

Communities A, B and C are faced with water problem. The distance between communities A and B is 5km and that of A and C is 7km, the angle between the path AB and AC is 45 degrees. If a well a well is to dug for the communities, indicate by way of sketching exact place to dig the well

Answers

Answer:

3.5 km between communities AC

Step-by-step explanation:

The idea is to find a common position for all the communities to locate the well

Kindly find attached a rough sketch of the problem for your reference.

Given that

AB=5km

AC=7km

From the diagram we can see that for all three communities to travel equal distance to the common well, the well has to be situated at 3.5km between communities AC.

Also, from the diagram the location of well is the intersection between the diagonals of the rectangular shape.

4(7 + 8m)=8(-1 + 4m)

Answers

Answer:

There is no solution

Step-by-step explanation:

Let's use distributive property to solve this equation.

4(7+8m) = 8(-1+4m)

28+32m = -8+32m

    -32m        -32m

28= -8

There is no solution

Hope this helps!

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