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ser-zykov [4K]
3 years ago
10

When auditing, the IRS typically selects which type of return?

Business
1 answer:
madreJ [45]3 years ago
6 0
Those who have the most deductions
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For an activity classified as a hobby, the expenses are categorized as follows:
wlad13 [49]

Answer:

Option C is correct.

The correct sequence is (2), (3), (1)

Explanation:

(2) Amounts deductible under other Code sections without regard to the nature of the activity, such as property taxes and home mortgage interest. should be deducted first

(3) Amounts deductible under other Code sections if the activity had been engaged in for profit, but only if those amounts do not affect adjusted basis (e.g., maintenance, utilities, and supplies). are deducted next

(1)Deductions affecting adjusted basis (e.g., depreciation) are taken next. At any point where the expenses exceed income,   the deduction is limited to the remaining income.

5 0
3 years ago
Determine the average rate of return for a project that is estimated to yield total income of $936,000 over eight years, has a c
Feliz [49]

Answer:

18%

Explanation:

The computation of the average rate of return is shown below:

The average of annual income is

= $936,000 ÷ 8 years

= $117,000

And, the average investment is

= ($1,200,000 + $100,000) ÷ 2

= $650,000

Now the average rate of return is

= $117,000 ÷ $650,000

= 18%

6 0
3 years ago
Consider the market for cars. Which determinant of demand is affected by each of the following events? Choose from: consumer pre
yulyashka [42]

Answer:

a. consumer preferences

b. number of buyers

c. incomes

d. price of related goods

e. price of related goods

f. expectations

Explanation:

a. consumer preferences : It is characterized as the qualitative of the numerous bundles of products, as calculated by utility.

b. number of buyers : The number of buyers willing and capable to purchase goods is presumed to be continuous when building a demand curve.

c. incomes : Income is funds earned by an external party in return for the purchase of a product or service or through the expenditure of cash.

d. price of related goods : Cost and demand for the products. Fits are resources that are used together.

e. same as D.

f. expectations: A firm belief that anything is going to happen or be done in the future.

3 0
4 years ago
According to the video, which tasks do Lawyers commonly perform?
inna [77]
They draw up legal document to support the defendant. They also have to know all the information about the client to defend them in court of law.
3 0
3 years ago
Read 2 more answers
The store managers of Chimbake, a chain of bakeries, are allowed to come up with new dessert flavors of their choice as long as
bekas [8.4K]

Answer:

B) Decentralization of authority

Explanation:

Based on the scenario being described it can be said that the concept that is best illustrated in this scenario would be a decentralization of authority. This is the process in which authority is moved to the lower level managers within an organization. Which is what is happening in Chimbake, since they have given the store managers full authority to control and create the dessert flavors as they see fit.

6 0
4 years ago
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