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DanielleElmas [232]
3 years ago
15

n certain circumstances, a taxpayer who provides less than half the support of another may still be able to claim that person as

a dependent as a qualifying relative. True/false
Business
1 answer:
siniylev [52]3 years ago
7 0

Answer:

True, through a multiple support agreement signed between 2 or more taxpayers that provide financial support to the same dependent.

Explanation:

Form 2120 allows taxpayers to claim deductions for a relative as a dependent on their tax returns, but since they do not pay at least 50% of their expenses, they cannot claim them under normal rules. Certain conditions must be met, the most important are:

  • the taxpayer must pay for at least 10% of the dependent financial needs
  • they must have signed a multiple support agreement (the other taxpayers waive their right to claim the person as a dependent).

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That afternoon, you meet with the owners privately to discuss the data you received. Which of the factors analyzed do you think
Kazeer [188]

Answer:

From the information from the remaining part of the question. The factor that would affect the success or failure of Caffè Gustoso is the Cultural factor.

Explanation:

Caffè Gustoso an Italian word meaning "Tasty coffee". This tells us that the firm is in the food and beverage industry.

Each of the countries mentioned are found in different continents having diverse cultures.

Key to their success is to know the culture of these countries as regards to coffee.

4 0
2 years ago
Marketing activities create millions of jobs.<br><br> True<br><br> False
rjkz [21]

Answer:

I believe that this answer is true

Explanation:

4 0
3 years ago
Read 2 more answers
Farmers successfully selecting for increased oil content in soybeans over many generations is an example of what type of selecti
julsineya [31]

The type of selection that is being described in the scenario above is directional selection. It is because directional selection is when one favors a specific thing out of the variation that is continuous in which we can refer the farmers selecting increased oil content over many of the generations.

3 0
3 years ago
Which of the following is NOT a section on the cash flow​ statement? A. Financing activities B. Income generating activities C.
Studentka2010 [4]

Answer:

The correct answer is (B)

Explanation:

Cash flow statement helps to identify the cash inflows and cash outflow. It shows how changes made can affect the cash statements of a company. The three sections of any cash flow statement are; financing decisions, investing decision and operating decision. These three parts are interconnected which affect cash inflows and cash outflows. Income-generating activity is not a section of the cash flow statement.

4 0
3 years ago
Clooney Corp. establishes a petty cash fund for $200 and issues a credit card to its office manager. By the end of the month, em
Darya [45]

Answer:

Clooney Corp.

Petty Cash Journal Entry

<em>Sr. No                     Particulars             Debit           Credit</em>

1                    Petty Cash                      $200

                             Cash                                            $200

Establishing Petty Cash

2.   (Employee Name;s ) Entertainment Expenses    $25 Dr

                     Petty Cash                                        $ 25 Cr

Recording employee petty cash expenditures

Credit Card Expenditures Entries

1.                            Postage,                  $44;  Dr

                            Delivery,                     $69; Dr

                            Supplies expense,     $34 Dr

                           Credit Card Payable                 147 Cr

Credit Card Payable is a liability and appears in the balance sheet . It has to be paid in the future.

2.                    Credit Card Payable           147 Dr.

                          Cash                                                  147 Cr

When the liability is paid this entry is made.

4 0
3 years ago
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