A...................................
Answer:
b. $150
Explanation:
Standard deduction refers to deduction available to an individual at a flat rate say 30%.Whereas in itemized deductions, an individual can claim deductions at different rates on different items.
Usually itemized deductions are more beneficial to an individual and in case tax saving in these cases exceeds total standard deductions, itemized deductions should be preferred.
In the given case, contribution of $1000 to church shall amount to a deduction. Since the tax rate applicable to the individual is 15%, the savings in tax shall amount to 15% of $1000 i.e $150.
Answer:
Employee morale will improve as workers recognize they can be promoted to the highest levels of management.
Explanation:
When multinational hotels use local citizens to serve as top management on the company, it sends a message to other local employees that it is possible to rise to a position of higher responsibility in the company even as a local hire.
Workers are more motivated to deliver their best because there is reward of growth.
Furthermore this will increase Goodwill of the company among local citizens.
The correct option is (c) note receivable
A formal credit arrangement between a creditor and debtor is called note receivable.
<h3>What receivable means?</h3>
Receivables, sometimes referred to as accounts receivable, are sums of money owing to a business by its clients for products or services that have already been provided or utilized but have not yet been paid for.
<h3>Is note receivable a debit or credit?</h3>
debit
Notes receivable typically have a debit balance. Debits increase notes receivable and credits decrease them, just like with other assets.
<h3>What type of account is notes receivable?</h3>
The value that a company is owed in promissory notes is recorded as notes receivable, which makes them an asset.
To learn more about note receivable visit:
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Answer:
it provides its customers benefits similar to its competitors but at a lower price
Explanation:
N/A
