Answer:make a list of responsibilities and tasks that need to be accomplished in the business
Explanation:
Assume that there is no way to prevent someone from using an interstate highway, regardless of whether or not he or she helps pay for it. This characteristic is associated with <u>Public goods</u>
Explanation:
Public goods are also known as non-exclusionary goods. This means that no one can be left out from the collective use of the goods for not paying to use it. These goods are meant for collective good. Some of the examples include roads, health, parks to name a few.
An Interstate highway maintained by a state authority is open for all its citizen. Since there is no way a state can prevent anyone from using it based on their payment it qualifies for the characteristic of being a public good.
Answer:
a. CPA exam review course $0
b. Law school expenses $4,000
Explanation:
1a. CPA exam review course will be $0 because the IRS has disallowed any costs that will lead to qualifying for a different trade .
1b. The Law School expenses will be $4,000 . Based on section 222, Samantha is been limited to $4,000 of the tuition paid.
Therefore the balance of $650 is excess tuition $200 + $450 books which will not qualify under the regular education expense deduction due to the negative position of the IRS on law school costs.
Answer:
Explanation:
1. Accounts Payable - Current liabilities in liabilities side
2. Accounts Receivable - Current asset in assets side
3. Accumulated Depreciation—Building - Property, plant, and equipment in assets side
4. Cash - Current asset in assets side
5. Common Stock - stockholders' equity
6. Note Payable (due in ten years) - Long-term liability in liabilities side
7. Supplies - Current asset in asset side
8. Wages Payable - Current liabilities in liabilities side
Answer:
C. One is assessed on the profit made from selling an asset; the
other is assessed on earnings from work or investments.
Explanation:
The capital gains tax occurs only if as a result of the sale of an asset there is a profit that is exceptional and differ from the primarily economic activity of the person that made the sell.
