Answer: No deduction can be claimed this year.
Explanation:
The options to the question are:
a. No deduction can be claimed this year.
b. $5.50 million
c. $2,500,000
d. $5.50 million only if the professional golf tournament is played before April 15.
Answer:
Since Ajax Computer company is an accrual method calender-year tax payer, the computer company would recognize the expenses only when such expenses are incurred and not at the time that cash is being paid for the the expenses
Ajax computer company already paid in advance for both advertisements the following year even though the advertisement eanst taking place that year. Therefore, the payments will not be considered to be an expense until advertisements has actually taken place. Because of this, Ajax cannot deduct the amounts paid for the advertisements next year and hence, no deduction will be claimed this year.
Extremely powerful thunderstorms that develop intense rotating updrafts are known as super cells.
Answer:
The answer is 2 the thick tree branches had shiny red apples hanging from them
Answer:
558
Explanation:
Since his monthly salary is $9,000
6.2% is the percentage of his salary that he will pay as social security tax while the Employer pays the other 6.2% making 12.4% in total
The amount to be taken out of his salary for social security for the month of December will be
6.2% * 9000= $558
The shares of stock of the firm are to be treated as independent when there are specific risk attached to them.
Given an incomplete sentence related to insurance principle.
We are required to fill the blank with appropriate word so that the sentence gives appropriate meaning.
The appropriate word which will fit is independent.
Insurance is basically protection from financial loss. It is the form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An institution which provides insurance is known as an insurer, an insurance company, an insurance carrier or an underwriter.
Because the shares of stock are different so the company needs to get insurance of each types of shares individually.
Hence the insurance principle relies on the idea that firm-specific risk among different shares of stock is independent.
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