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V125BC [204]
3 years ago
6

The person who receives financial protection from a life insurance plan is called a

Business
1 answer:
makkiz [27]3 years ago
3 0
The person who receives financial protection from a life insurance plan is called a Beneficiary. I think
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True or False Payday loans incur fewer fees and expenses than traditional loans.
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A payday loans are small, short-term unsecured loans, which are taken by the borrowers to cover ordinary living expenses and daily needs. These loans are in small amount but the charges and fees are higher as compared with the traditional loans.

Hence the given statement “Payday loans incur fewer fees and expenses than traditional loans” is False.

The answer is False.


7 0
3 years ago
Roquan, a single taxpayer, is an attorney and practices as a sole proprietor. This year, Roquan had net business income of $90,0
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Answer:

a) Calculate Roquan’s deduction for qualified business income.

qualified business deduction:

  • 20% of qualified business income AND less than 20% of total income
  • Since Roquan is a single filer, his AGI cannot exceed $213,300.

Roquan's QBI deduction = 20% x QBI = 20% x $90,000 = $18,000

b) Since Roquan's income is higher than $213,300, then he is not allowed any QBI deduction.

4 0
3 years ago
You have a better chance at success in the business world when your interest and personality match the career choice. True False
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4 0
3 years ago
Read 2 more answers
Which sentence is not a correct use
Molodets [167]
Definitely C. Doesn’t even make sense
4 0
3 years ago
Read 2 more answers
PB8.
Sophie [7]

Answer:

                                                                   Debit               Credit

Applied overheads                                    $110,000

Cost of sales (over applied overheads)                             $4,000

Overhead control account                                                 $106,000

Explanation:

Since the estimated overhead amounting to $110,000 are greater than the actual overheads amounting to $106,000, therefore the overheads are overapplied by $4,000.

The journal entry to disposed off the overapplied overheads are given below:

                                                                   Debit               Credit

Applied overheads                                    $110,000

Cost of sales (over applied overheads)                             $4,000

Overhead control account                                                 $106,000

                   

3 0
3 years ago
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