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tresset_1 [31]
3 years ago
6

Greg, a self-employed plumber, commutes from his home to his office which is 10 miles away. At his office, he loads his truck fo

r the day with the parts that he needs. Then he is off to see his first customer of the day, Mr. Smith. Mr. Smith is 5 miles away from the office. After Mr. Smith’s job, Greg goes to his next plumbing client, Martin’s Dry Cleaning, which is 21 miles away from Mr. Smith. Greg spends the rest of the day at Martin’s Dry Cleaning. From Martin’s Dry Cleaning, Greg goes home which is now only 7 miles away. How much can Greg count as deductible transportation miles?
a. none

b. 21 miles

c. 26 miles

d. 43 miles
Business
1 answer:
Tasya [4]3 years ago
4 0

Answer:

26 Miles

Explanation:

As per IRS,

Commuting is a personal nature of expense, which is not allowable as deduction.

The following things are not deductible for Greg:

(i) Distance traveled from office to home and home office is not deductible.  

(ii) At the end of day, 7 miles distance traveled towards home from Martin's dry cleaning is not deductible.

Deductible includes the miles traveled to the business sites from the office for Greg.

Therefore,

Deductible transportation miles:

= Distance traveled from office to smith's house + Distance traveled from smith's house to martin's dry cleaning

= 5 miles + 21 miles

= 26 Miles

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3 years ago
Which of the following sentences apply correct number style?
Monica [59]

Answer:

The sentence that applies the correct number style is:

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Explanation:

Sentence A's number style should have been formatted like: "More than $5 million ..."  Alternatively, it could be formatted as "Five Million Dollars."

Sentence B's number style should have been formatted like: "27% of our ...."

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3 years ago
Labor Input Physical output 10 500 11 600 12 690 13 760 14 800 Refer to the above table, answer the following questions: A. If t
Mama L [17]

Answer:

Explanation:

Labor Input       Physical output  

    10                              500

     11                               600

     12                              690

     13                              760

     14                               800

marginal output of 11 th labor = 600 - 500 = 100

price of each product = 7

marginal revenue product  of 11 th labor  7 x 100 = 700

B )

price of each of  the goods sold = 10

marginal factor cost of labour = 700

minimum no of goods to be sold to cover the labour cost

= 700 / 10 = 70

no of goods added due to  addition of 11 the labour = 100

no of goods added due to  addition of 12 the labour = 90

no of goods added due to  addition of 13 the labour = 70

so no of units of labor upto which  the firm will continue to hire

= 13 .  

7 0
3 years ago
Which statement is not true about the minimum wage?
mamaluj [8]

Answer:

Owners are not required to pay it to foreign workers.

Explanation:

Owners must pay it to any worker regardless of its nationality.

4 0
3 years ago
Read 2 more answers
The exercise price of the options is $100 per share, all options are European and the stock does not pay any dividend. The call
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Answer:

Stock Price is $98.70

Explanation:

given data

exercise price = $100 per share

call price = $25 per share

put price = $17 per share

mature time = 2 years

annual rate of interest = 5%

to find out

What is the stock price today

solution

we will use here Put Call Parity for find out Stock Price that is express as

C + \frac{100}{(1+r)^t} = S + P    .....................1

here C is call price and r is rate and t is time and S is Stock Price and P is put price so put all value in equation 1

C + \frac{100}{(1+r)^t} = S + P

25 + \frac{100}{(1+0.5)^2} = S + 17

solve it we get

P = $98.70

so Stock Price is $98.70

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3 years ago
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