Answer: I think it’s false
Explanation:
Answer:
$7,500
Explanation:
Taxable income:
= Income from operations + Dividends received - Expenses from operations
= $200,000 + $15,000 - 140,000
= $75,000
Deductions is allowed only to the maximum extent of 10% of the taxable income of the corporation.
Therefore,
Kingbird's charitable contribution deduction:
= 10% of Taxable income
= 0.1 × $75,000
= $7,500
Answer: $22,500
Explanation:
First calculate the rate of allocation based on sales to determine how much of Department T's sales should be attributed to Advertising.
The Rate of Allocation based on Sales = Advertising Expense/Total sales
= 50,000/475,000
= 0.105263
= 10.5263%
This 10.5% can then be used to find out how much of Advertising to apportion to Department T based on department sales,
= Department sales * Allocation rate
= 213,750 * 10.5263%
= $22,500
$22,500 should be allocated to Department T.
Answer:
Do you have any answer choices?
Explanation:
Karl Marx is the founder of modern communism. Bourgeousie defines the capitalists, those who own the means of production and who take advantage of the labor (work) of the proletariat (the mass of workers who do not own the means of production and are not fairly compensated for their work).
<span>The statement that according to Marx, the best economic system would be one where the means of production and distribution are in the hands of the bourgeoisie is false. In contrast, according to Marx the best economic system would be </span><span>one where the means of production and distribution are in the hands of the proleteriat.</span>
