FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tom is working as the Ambassador of the United Kingdom in Norway. He lives in accommodation owned by the government. In addition, he received a

Tom is working as the Ambassador of the United Kingdom in Norway. He lives in accommodation owned by the government. In addition, he received a salary of 120,500. In addition to a commission of 400 The accommodation has 30,900 annual value and it cost the government 118,589.

Required

Calculate Toms Employment income!

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Auditing Basics Video Learning Guide

Internal Auditing Basics Video Learning Guide

Authors: Charles A. Cianfrani & John E. West, James P. Gildersleeve

1st Edition

1891578251, 978-1891578250

More Books

Students also viewed these Accounting questions

Question

★★★★★
One way to keep the contents of a garage from becoming too cold on a night when a severe subfreezing temperature is forecast is to put a tub of water in the garage. If the mass of the water is 125 kg...

Answered: 1 week ago

Question

★★★★★
Find the number of elements in the indicated cyclic group. The cyclic subgroup of the group C * of Exercise 19 generated by (1 + i) 2 Data from ex. 19 The cyclic subgroup ( i ) of the group C * of...

Answered: 1 week ago

Question

★★★★★
12. Refer to Exercise 11. Suppose the distribution of diameter is normal. a. Calculate P(11.99 12.01) when n 16. b. How likely is it that the sample mean diameter exceeds 12.01 when n 25?

Answered: 1 week ago

Question

★★★★★
The following information was taken from the financial statements of Bailey Inc. for December 31 of the current fiscal year: Common stock , $10 par value (no change during the year) ..... $4,000,000...

Answered: 1 week ago

Question

★★★★★
Westerville Company reported the following results from last years operations: Sales $ 1,200,000 Variable expenses 420,000 Contribution margin 780,000 Fixed expenses 600,000 Net operating income $...

Answered: 1 week ago

Question

★★★★★
Describe the steps to process a source code file created by you in a text editor into a running program. For each step, be sure to identify what is needed as input to that step and what is produced...

Answered: 1 week ago

Question

★★★★★
What is the recommended way of importing multiple secrets into the HashiCorp Vault? Inline, with the '-' at the end of the put Importing a JSON file with the @ operator Redirecting a JSON file as...

Answered: 1 week ago

Question

★★★★★
Multi Enterprises Ltd. is a Canadian-controlled private corporation whose fiscal period coincides with the calendar year. For the year 2021, the company's taxable income was calculated as follows:...

Answered: 1 week ago

Question

★★★★★
statements. The adjusted trial balance amounts at June 30 are shown below. Cash Accounts Receivable Prepaid Rent Supplies Equipment Dividends Debit Credit $ 6,700 Accumulated Depreciation-Equipment $...

Answered: 1 week ago

Question

★★★★★
3. Suppose each person in a large statistics class (enrollment 1000 students) rolls a die 60 times and counts the number of times they roll an ace (one dot). (a) For each person, the total number of...

Answered: 1 week ago

Question

★★★★★
Grand Corporation reported pretax book income of $805,000. Tax depreciation exceeded book depreciation by $535,000. In addition, the company received $330,000 of tax-exempt municipal bond interest....

Answered: 1 week ago

Question

★★★★★
(Appendices) Explain how the Federal Reserve Bank affects the money supply in the United States. How do the Feds actions, including setting reserve requirements and controlling discount rates, speed...

Answered: 1 week ago

Question

★★★★★
(Appendices) A CLASSIFIED INCOME STATEMENT FOR A MERCHANDISING BUSINESS. For each of the cases presented below, compute the missing amounts: LO8

Answered: 1 week ago

Question

★★★★★
(Appendices) UNCOLLECTIBLE ACCOUNT EXPENSE: AGING METHOD. Cindy Bagnal, the manager of Cayce Printing Service, has provided you with the following aging schedule for Cayces accounts receivable: Cindy...

Answered: 1 week ago

Previous Question Next Question