Two of the major advantages of a pass-through entity are that investors can assume the tax deductions and losses earnings.
An option to lower taxable income is a tax deduction. A standard deduction is a single, predetermined deduction. Higher-income taxpayers frequently have considerable deductible expenses, such as state and local taxes paid, mortgage interest, and charitable contributions, which is why itemized deductions are popular.
Any expense that is deemed "ordinary, necessary, and reasonable" and aids in the revenue generation of a firm is tax deductible. Usually, it is subtracted from the business's income before taxes.
Learn more about tax deduction here
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Answer:
The correct answer is letter "B": Both statements are correct.
Explanation:
A futures contract is a type of forward contract between a buyer and a seller of an asset. They agree to exchange goods and money at a future date but at a price and quantity determined today. Futures contracts are standardized, regulated, and free of counterparty risk. In difference to other forward contracts, futures contracts are traded in secondary markets such as the Chicago Mercantile Exchange and the Intercontinental Exchange.
A forward contract is an agreement to buy and sell an asset at a future date. The price of the asset is fixed at the time the contract is executed. They are similar to a futures contract but forward contracts do not trade in an exchange.
Dina was swimming for 37 minutes
Empowering people to change the way of production and making them aware of different aspects of the industry.
<u>Explanation:</u>
The challenges that are faced while managing a firm or a company are known as the managerial challenges. These challenges must be overcome to increase the level of production and the efficiency.
Some kinds of managerial challenges are the quality improvement of goods, work force diversity, empowerment and educating teams to make them aware of the different aspects of the industry, stimulating innovation and changes and so on.
Answer:
$4,780
Explanation:
The computation of the amount of operating cash flow that received from customers in June is shown below:
= Received the amount with respect to his account + received an amount from customers who were provided lessons in May
= $4,300 + $480
= $4,780
The amount of providing lessons is irrelevant. Hence, ignored it
