subject
Business, 28.07.2019 08:10 madelynw4114

The vaughns make $58,000 a year and live in florida, which has a median annual income of $47,778. if their monthly expenses amount to $4600 per month, do they qualify for chapter 7 bankruptcy? a. no, the vaughns do not qualify because their yearly income is above the median annual income of florida and they are ineligible according to the means test. b. yes, the vaughns qualify because their yearly income is above the median annual income of florida and they are eligible according to the means test. c. yes, the vaughns qualify because their yearly income is above the median annual income of florida. the means test is irrelevant in this case. d. no, the vaughns do not qualify because their yearly income is above the median annual income of florida. the means test is irrelevant in this case.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 00:00
1tanner invested $135,000 cash along with office equipment valued at $32,400 in the company in exchange for common stock. 2 the company prepaid $7,200 cash for 12 months’ rent for office space. (hint: debit prepaid rent for $7,200.) 3 the company made credit purchases for $16,200 in office equipment and $3,240 in office supplies. payment is due within 10 days. 6 the company completed services for a client and immediately received $2,000 cash. 9 the company completed a $10,800 project for a client, who must pay within 30 days. 13 the company paid $19,440 cash to settle the account payable created on april 3. 19 the company paid $6,000 cash for the premium on a 12-month insurance policy. (hint: debit prepaid insurance for $6,000.) 22 the company received $8,640 cash as partial payment for the work completed on april 9. 25 the company completed work for another client for $2,640 on credit. 28 the company paid $6,200 cash in dividends. 29 the company purchased $1,080 of additional office supplies on credit. 30 the company paid $700 cash for this month’s utility bill. prepare general journal entries to record these transactions. 2. post the journal entries from part 1 to the ledger accounts.
Answers: 2
question
Business, 22.06.2019 00:00
Which of the following is a disadvantage to choosing a sole proprietorship business structure? question 9 options: the owner has personal responsibility for the company's liabilities. the owner has to share the profits with partners. the owner is still liable for personal debts. the owner has to report to shareholders.
Answers: 1
question
Business, 22.06.2019 06:00
When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue.accounts receivable and crediting interest revenue.notes receivable and crediting accounts receivable and interest revenue.notes receivable and crediting accounts receivable.
Answers: 3
question
Business, 22.06.2019 11:00
When partners own different portions of the business, the terms should be stated clearly in what document? the articles of incorporation the executive summary the business summary the partnership agreement
Answers: 3
You know the right answer?
The vaughns make $58,000 a year and live in florida, which has a median annual income of $47,778. if...
Questions
question
Biology, 13.03.2020 21:59
question
Computers and Technology, 13.03.2020 21:59
Questions on the website: 13722367