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Ivan
3 years ago
10

Paris operates a talent agency as a sole proprietorship, and this year she incurred the following expenses in operating her tale

nt agency. What is the total deductible amount of these expenditures? $1,000 dinner with a film producer where no business was discussed; $500 lunch with sister Nicky where no business was discussed; $700 business dinner with a client but Paris forgot to keep any records; $900 tickets to the opera with a client following a business meeting.A. $450B. $900C. $1,100D. $1,200E. $800
Business
1 answer:
Afina-wow [57]3 years ago
5 0

Answer:

correct option is A. $450

Explanation:

we know that half the cost of the business meeting or the business meeting lunch or the dinner that is deductible even

and if the meal are associate with the active businessman or the sole proprietor then half the amount that is here  $900 tickets to the opera with client for meeting is deducted

so that is deducted =  \frac{900}{2}

deducted amount  = $450

so correct option is A. $450

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This year Lloyd, a single taxpayer, estimates that his tax liability will be $11,350. Last year, his total tax liability was $15
Dmitrij [34]

Answer:

Lloyd needs to increase his witholding tax to $1,560 this year in order to avoid the underpayment penalty .

Explanation:

As a rule, a citizen can maintain a strategic distance from an underpayment of punishment if their retention and evaluated assessment installment measure up to or surpass one of the two safe harbours

90% of current expense risk = 90% × $11,350

= $10,215

100% of past assessment risk = $15,900

Since his(Lloyd) retention is not equal to or exceed $10,215 or $15,900

Llyod should expand retaining or make payment this year in order to stay away from underpayment punishment

= $10,215 - $8,655

= $1,560

3 0
3 years ago
Gilmore, Inc., just paid a dividend of $3.05 per share on its stock. The dividends are expected to grow at a constant rate of 5.
Alona [7]

Answer:

intrinsic value: 49.50

value in four years:        $   61.32

value in fourteen years: $ 104.75

Explanation:

we solve using the gordon model:

\frac{divends_1}{return-growth} = Intrinsic \: Value

D0 =  3.05

D1 = 3.05 x ( 1 + 0.055) = 3.21775‬

\frac{3.21775}{0.12 - 0.055} = Intrinsic \: Value

Value: 49.50384615

<u>In the future will grow at the same rate as dividends:</u>

price in four years:         49.50 x (1.055)^4  =  61.32182021

price in fourteen years: 49.50 x (1.055)^14 = 104.7465274

7 0
3 years ago
The assets that you currently own are known as which of the following? A. Credit B. Capital C. Capacity D. Collateral
iren [92.7K]
"B. Capital A capital asset is defined to include property of any kind held by an assessee, whether connected with their business or profession or not connected with their business or profession. It includes all kinds of property, movable or immovable, tangible or intangible, fixed or circulating."
3 0
3 years ago
globe hotels has more cash on hand than is required to support its operations. accordingly, the company has decided to pay out s
BlackZzzverrR [31]

These payments to shareholders are called Dividends. The correct option is A.

<h3>Why are dividends paid?</h3>

Dividends are payments made to shareholders based on the number of shares they own. Shareholders expect profits to be returned to them by the companies in which they invest, but not all companies pay dividends.

A dividend is a monetary or non-monetary reward given by a company to its shareholders. Dividends can be paid in a variety of ways, including cash, stock, or any other form. The dividend of a company is decided by its board of directors and must be approved by the shareholders.

Thus, the ideal selection is option A.

Learn more about Dividend here:

brainly.com/question/29510262

#SPJ1

7 0
1 year ago
A ________ is a gathering of 6 to 10 people who are carefully selected based on certain demographic, psychographic, or other con
kipiarov [429]

Answer: it is a focus group

Explanation: because it is more than one person and more than two

5 0
3 years ago
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