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svetoff [14.1K]
2 years ago
14

irs guidelines require specific information to substantiate deductible automobile expenses. which 3 items are included in the su

bstantiation requirements?
Business
1 answer:
mestny [16]2 years ago
4 0

The three items that are included in the substantiation requirements are:

  • Date Placed in Service
  • The total mileage; and
  • Vehicle Type.

<h3>What is IRS guidelines?</h3>

Internal Revenue Service Guidelines are guidelines that individuals and corporates must follow in order to be compliant with the requirements of the IRS.

Thus, it is correct to indicate that according to the IRS Guidelines, the three items that are included in the substantiation requirements are:

  • Date Placed in Service
  • The total mileage; and
  • Vehicle Type.

Learn more about substantiation requirements at:
brainly.com/question/1297571
#SPJ12

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Match each type of tax with an example of its use.
Fofino [41]

<u>Answer:</u>

Excise tax              :$0.30 tax on a gallon gasoline

Consumption tax  : 20% tax on wages earned

Income tax            : 9% tax on the sale of luxuries

<u>Explanation:</u>

Excise tax are the taxes charged to individuals on purchase of certain goods. Excise taxes are included with the price of the product. One of the major excise tax is charged on the gasoline for vehicles.

Consumption tax are the indirect taxes that are charged on usage of goods and services. They are collected in the form of sales tax and value added tax.

Income tax is the tax collected by the government for earning money through business or work.

8 0
2 years ago
Why do overhead costs often shift from high-volume products to low-volume products when a company switches from a conventional c
sashaice [31]

Answer:

When a company is using conventional costing methods, the costs are allocated based on volume so those products with a high volume will get a higher share of the costs.

When Activity-based costing is used however, costs are assigned more accurately which will lead to the actual products that are causing the costs incurring them instead of those high-volume products so it will appear as though overhead costs have shifted from high-volume products to low-volume products.

3 0
2 years ago
After an economy begins to recover, suppose that the Fed quickly raises interest rates back to the level seen before the recessi
Katena32 [7]

Answer:

Hawks

Explanation:

In simple words, A hawk, sometimes recognized as just an inflation hawk, can be understood as the policymaker or analyst who is primarily obsessed with lending rates as their contribute to monetary policy.

To maintain inflation in control, a hawk normally prefers reasonably high interest rates. In other terms, redskins are less worried with global development just like they are with downturn risk brought to pressure by rising inflation. 

Thus, from the above we can conclude that the correct answer is hawk.

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2 years ago
Imagine the tea market has a demand function of QDX = 10 – 2PX and a supply function of QSX = PX − 2, where PX is the price of t
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Answer:

Call me 7061528052 call me at the end of the most important thing is that the only way to get to see the place of business and the rest of the most important thing is that the total number of

Explanation:

Call me 7061528052 call me at the end of the most important thing is that the only way to get to see the place of business and the rest of the most important thing is that the only way to get to see the place

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Having a good credit score is important because
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It can impact your ability to be approved for bank loans.
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