After March 11, 2021, such rent payments as described above should be reported on <u>Form 1099-MISC,</u><u> Miscellaneous </u><u>Information</u><u>.</u>
The subject of rent payments made through third party networks is covered under the American Rescue Plan Act which:
- Was signed by President Biden on March 11, 2021.
- Clarifies the scope of Form 1011-K.
The Act shows that when rent payments are made through third-party networks, they should be treated as miscellaneous information and reported on Form 1099-MISC.
Find out more on Form 1099 at brainly.com/question/25485090.
Answer:
$500 (Favorable)
Explanation:
Given that,
Production cost = $7 per unit
Fixed costs = $23,000 per month
Units produced = 5,500
Actual total costs = $61,000
Standard cost = Fixed cost + Variable cost
= $23,000 + ($7 × 5,500)
= $23,000 + $38,500
= $61,500
Variance = Standard cost - Actual total costs
= $61,500 - $61,000
= $500 (Favorable)
Answer:
The answer is D
= Quick ratio
Hope this answer helps you :)
Have a great day
Mark brainliest
Answer:
$12,500
Explanation:
Nancy can deduct both her real estate taxes and state income taxes from her gross income. This way, she will end up paying less federal income taxes. The exact amount that she saves depends on her tax bracket, which is not given.
Assuming Nancy doesn't take the standard deduction, she can deduct 100% of her state income taxes ($7,500) and up to $5,000 in real estate taxes since she is a single taxpayer. Her total deduction on these two items will be $12,500.
Answer:
Option C “both buyers and sellers” is correct answer.
Explanation:
The competitive market is the market where a large number of buyers and sellers exist with the liberty of free entry and exit. Moreover, these firms sell homogeneous commodities. However, in the competitive market, the price of the commodity is determined by the market forces ( demand and supply). The intersection of the market demand curve and the market supply curve gives the equilibrium price and this price is followed by the firms. Since buyer and seller represent the market forces that are buyer represent the market demand and seller represent the market supply so when both act together then price and quantity is determined.