A i think the answer is a correct me if wrong plz
Answer:
Answer is explained in the attachment.
Explanation:
Answer:
The answer is: Depends on what is considered entertainment, it can vary from $0 to $300.
Explanation:
You can deduct ordinary and necessary expenses from your business income.
Ordinary expenses are expenses commonly paid by other taxpayers in your same industry.
Necessary expenses considers things that you need to pay in order to do business.
Some expenses can only be deducted partially even if they are ordinary and necessary, like having meals with your clients. If Olga took the clients to dinner she can deduct up to 50% of what she paid for the meal ($600 x 50% = $300)
With the introduction of the 2017 Tax Reform Law entertainment expenses (e.g. theater tickets) are no longer deductible expenses. So if Olga took her clients to a concert, then she can't deduct any amount of money.
Hey there!
In the case of Florida (it might be different depending on the state that you live in, so please look this up on your own!), if you get 12 points within 12 months, your license will get suspended for 30 days. The most common reasons for receiving points include speeding (3 to 6 points, depending on severity), child safety restraint violations (3 points), reckless driving (4 points), and littering (3 points).
Hope this helped you out! :-)
Answer:
A. Percentage-of-sales method
Explanation:
Given that in allocating funds for advertising the new lightbulbs, the manufacturer decides to budget a certain proportion of last year's sales for advertising expenditures. The allocation method used by the manufacturer is Percentage-of-sales method
Percentage-of-sales method is a procedure used to set advertising budgets, which bases the cost on a predetermined percentage of past sales or a forecast of future sales.
This method of advertising is popular because of its simplicity for use and the fact that it can always be related to sales
