Answer: See on how dependent on advertising a publication is.
Explanation:
The taxable income will Ramon show in 2021 is $89,000
What is taxable income?
The taxable income of a taxpayer means the income upon which tax would be charged in the tax year, it is determined as the adjusted gross income minus the itemized deductions of the taxpayer.
The itemized deductions means those amounts due to legal pronouncements, which have been exempted from taxes, which means , they need to be deducted from the taxpayer gross earnings before tax computation.
It is the tax authority way of providing succor to taxpayers by granting certain exemptions.
Taxable income=adjusted gross income- itemized deductions
Taxable income=$98,000-$9000
taxable income=$89,000
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Answer:
The investment in Son Corp. should be reported on Pops' December 31, 2018 balance sheet at $1,920,000 ($10 * 192,000).
Explanation:
There is no indication that the fair price of the shares of Son Corp. has changed from its original cost of $10. Therefore, the investment in Son Corp. can only be reported on the balance sheet of Pops' at the cost price on acquisition. But, assuming that the price has fluctuated over the period, the investment would have been valued at the current market price multiplied by the number of shares.
Proponents of a fixed exchange rate system point out that a major drawback of a floating exchange rate is that it <u>C. leads to uncertainty</u> about the value of goods traded internationally.
<h3>What is a floating exchange rate?</h3>
A floating exchange rate refers to the foreign exchange rate as determined by the forex market based on supply and demand relative to other currencies.
A floating exchange rate system gives the government more scope to use monetary and fiscal policies to achieve domestic economic stability, unlike a fixed exchange rate regime.
Thus, proponents of a fixed exchange rate system point out that a major drawback of a floating exchange rate is that it <u>C. leads to uncertainty</u> about the value of goods traded internationally.
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