Answer:
Commuting refers to travelling from your home to your workplace. It generally refers to the distance that people generally travel to get to their office or any type of workplace.
While business travel refers to not only leaving your house to go to work, but actually going somewhere else to perform your regular business activities, e.g. going form one state to another to close a sale. In order for business travel to be effectively recognized as such, it must be necessary for your business activity and it should last more than one ordinary workday.
In this case, your client continuously leaves his house and goes form one state to another performing his normal business activities. This perfectly fits the IRS's definition of business travel.
Initially, you can try to solve this issue with IRS Office of Appeals (since you are right), but if that doesn't work, then you can go to Tax Court.
The annual premium for Zack's house would be <u>cheaper</u> through <em>AAA </em>than <em>Thompson’s Insurance. </em>
<h3>How to calculate the annual premium of two companies? </h3>
AAA company is offering $0.36 per $100 of value.
Thompson company is offering $3.63 per $1,000 of value;
Hence, <u>0.363</u> is higher than 0.36, which makes <em>AAA company </em>more beneficial for insurance.
Learn more about premium calculation here:
brainly.com/question/2644714
Answer:
<em>A hedge is an investment that is made with the intention of reducing the risk of adverse price movements in an asset. </em><em>Managers hedge because they are undiversified</em>
The formula of the investment turnover is net sales / (capital + outstanding debt). The capital here is the shareholders' equity. Applying the formula, we have 500,000 / 1,525,000 = 0.327, rounding up to 0.33.
Answer: the correct answer is $50,000
Explanation: he is allowed to claim the 100% of his losses.
