Answer:
a. Riflebird Company is a <u>SOLE proprietorship</u> (Roger did not make any withdrawals from the business). Roger reports <u>$45,000</u> net operating profit and <u>$10,000 </u>long-term capital loss on his tax return.
Sole proprietorships are not taxed directly ,they are pass through entities. Their sole proprietor is taxed, and since individuals get taxed differently for ordinary income than capital income, they must segregate them.
b. Riflebird Company is a C corporation (no dividends were paid during the year). Roger reports <u>$35,000</u> net operating profit and <u>$0</u> long-term capital loss on his tax return.
Corporations do not segregate capital gains from ordinary income, so they must include them together in their income taxes.
Answer:
A) government; government
Explanation:
Transfer payments are payments made to either the household, the firm or government from either the household, the firm or government without any exchange of goods or service in return. It is a one-way payment where the receiver gives nothing in return.
Government makes transfer payments to redistribute income and for other political and economic reasons.
<span>The price of gas increased, which means fewer people will buy gas in the future.</span>
Answer: When assessing the risks of investment, one should consider the political, economic, and legal risks of doing business in either Russia or Poland. The risk in Russia would probably be considered higher than the risk in Poland since Poland has been a member state of the European Union since 1 May 2004, with the Treaty of Accession 2003 signed on 16 April 2003 in Athens as the legal basis for Poland's accession to the EU.
Poland has already gained benefits and stability offered by the EU. Russia, by contrast, is still many years away from even being in a position to be considered by the EU for membership.
Explanation: A diligent investor wouldn't put a penny in a risky country.