Nancy, a single taxpayer paid $23,000 in medical expenses in 2018. Her AGI in 2018 was $50,000. Nancy filed a claim for reimbursement of medical expenses with her insurance company in 2018 but did not receive reimbursement until May 15, 2019. Nancy paid no other expenses in 2018. Assuming medical expenses have a 10% floor and the standard deduction in 2018 is $12,000, how much of the medical expense reimbursement must Nancy include in gross in 2019 if she receives a reimbursement of $23,000

Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for the current period follows: product pounds price/lb. loin chops 3,000 $ 5.00 ground 10,000 2.00 ribs 4,000 4.75 bacon 6,000 3.50 the total joint cost for the current period was $43,000. how much of this cost should wren pork allocate to loin chops?

You speak to a business owner that is taking in almost $2000 in revenue each month. the owner still says that they are having trouble keeping the doors open. how can that be possible? use the terms of revenue, expenses and profit/loss in your answer

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)