1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vesna_86 [32]
2 years ago
10

For 2014, Taxpayer (TP) wants to recognize a deduction. The deduction involves a statute that has not changed since enacted in 1

920. TP is relying on a case called JONES, which is a case decided by the United States Tax Court in 1965 which held in favor of the taxpayer. The JONES case was decided by a United States Tax Court that lies in the 5th Circuit Court of Appeals. At the time the JONES case was decided, its holding was contrary to precedent set by the 5th Circuit Court of Appeals. Which of the following is correct:a. None of the other choices are correct.b. The Golsen rule is inapplicable here and is of no concern for TP.c. The Golsen rule applies here and weakens the legal justification for the deduction.d. The Golsen rule applies here and strengthens the legal justification for the deduction.
Business
1 answer:
Vesna [10]2 years ago
4 0

Answer:

Option c. is correct

Explanation:

Under the Golsen rule, the Tax Court must follows the Court of Appeals such that the court of appeals has direct jurisdiction over the taxpayer. The Court is said to reach a decision without calculating the tax when a Tax Court decision is said to be entered under Rule 155.

In this question, The Golsen rule applies here and weakens the legal justification for the deduction

You might be interested in
Ray Jene earns $900 a week at a Publix supermarket. Ray's payroll deductions are 28%. What is Ray's take-home pay?
kaheart [24]
If Ray earns $900 a week and deductions are 28% Ray's take home pay is:
$648 a week

If we assume that the deductions of 28% are taken out of the $900 weekly we will multiply 900 by 0.28 = 252. Then subtract 252 which is the deduction amount from the 900 and we end up with take home pay of $648.
7 0
3 years ago
Why are monitors more expensive than tvs?
timofeeve [1]
Hi friend!

The inputs,refresh rates, and pixel density.
Those things make a TV blurrier, fuzzier, and it makes it laggy when plugged in with a computer..

Hope I helped! 
8 0
3 years ago
You purchased five August 13 futures contracts on soybeans at a price quote of 1056′6. Each contract is for 5,000 bushels with t
stira [4]

Answer:

B) $1,187.50

Explanation:

The computation of the total profit or loss on this investment is given below:

Expiration price = 1061'4  = 1061 + 4 ÷ 8 = 1061.50

Quoted price = 1056'6 = 1056 + 6 ÷ 8 = 1056.75

Now the profit is

= (1061.50 - 1056.75) × 5000 × 5

= $1,187.50

Hence, the profit on this investment is $1,187.50

3 0
2 years ago
A company has a market capitalization of $20,000,000. It has 30% of its market cap sold under preferred stock and 70%
Kruka [31]

Answer: $6,000,000

Explanation:

Hi, to answer this question we simply have to multiply the total market capital of the company (20,000,000) by the percentage under preferred stock (30%) in decimal form.

Mathematically speaking:

20,000,000 x (30/100) = $6,000,000

Feel free to ask for more if needed or if you did not understand something.  

6 0
3 years ago
Which two tasks does an industry safety and health engineer perform?
kolezko [41]

Answer:

They both care for the well-being of people and they also keep people safe.

I'm assuming

8 0
2 years ago
Other questions:
  • Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018
    13·1 answer
  • Stephen (an HIM coding manager) has been tracking Gina’s coding productivity and quality over the past several months. Gina has
    12·1 answer
  • The ability of an office holder to avoid challenges from quality challengers is known as the __________ effect.
    15·1 answer
  • Which does not motivate entrepreneurs?<br>A. profit<br>B. freedom<br>C. innovaton<br>D. security
    15·2 answers
  • When we compare economic welfare in a monopoly market to a competitive market, the profits earned by the monopolist represent A.
    14·1 answer
  • What huge Christmas gift did France give to the United States of America in 1886?
    5·2 answers
  • Help with question no.19?
    5·1 answer
  • Cash received prior to delivering a product or performing a service is called what
    8·1 answer
  • 30points
    10·1 answer
  • A good marketing plan helps managers make strategic planning decisions and provides a framework for effective implementation and
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!