Explanation:
a. Ralph is in charge of the land, with an implicit right to payment in compliance with right doctrine (North American Oil Consol. v. Burnet (1932, S.Ct.) 286 US 414). This year, however, gross sales are made, although they may be reimbursed later.
b. Unless he returns money to Acme this year, Ralph will be able to claim a deduction of $5,000. Although Ralph originally paid the $1,750 tax on invoice and only saved $1,400 on the reduction of the refund and because the repayment timing resulted in an additional $350 tax. As the amount refunded to Ralph is more than $3,000 according to IRC§ 1341a. This is possible for Ralph to use the taxes accrued in the next year from the same refund to cover taxes. So Ralph will say a tax offset of $1,750 instead of a deduction of $5,000.
c.The sum of the deduction must be more than $3,000, according to IRC § 1341(a). Because Ralph spent just $2,500, he is not liable for tax reduction deductions, but can only claim a refund deduction.
Answer and Explanation:
The preparation of the production budget and The total required production for the year is as follows
<u> One Device </u>
<u> Production budget</u>
<u> For the first four months</u>
<u>Particulars Jan Feb Mar April Year</u>
Expected
unit sales 500 units 800 units 450 units 550 units
Add:
Ending
inventory 160 units 90 units 110 units 120 units
($800 × 20%) ($450 × 20%) ($550 × 20%) ($600 × 20%)
Total
required units 660 units 890 units 560 units 670 units
Less:
Beginning
inventory 100 units 160 units 90 units 110 units
($500 × 20%) ($800 × 20%) ($450 × 20%) ($550 × 20%)
Required
production
units 560 units 730 units 470 units 560 units 2,320 units
Answer:
TRUE
Explanation:
TRUE, in the question, the government is going to auction off permits equal to one third of total emissions in the economy (so two-thirds of all emissions must be abated)
however, the firm will buy 100 permits even though thir marginal cost is below $ 15. because here the firm will get a monopoly in holding the permits of one third of total emissions in the economy. this is such a huge benefit for the firm and by acquiring this permits the firm can transfer the permission permits to other firm with high price or they can distribute the permits of emission among the different firms below the size of the emission permits holding firm. thus, even though marginal abatement cost of$8 has a special opportunity to buy 100 permits at a price of $15 per permits, the firm will resort to buy the permits. the power in handling the emission permits and the monopoly getting the firm in holding the permits allow the firm to act as a leader in the economy compared to other firm who don't have the emission permits. thus, the money gain and the authority gaining in emission permit hold the firm to buy the permits even though their marginal cost is below $15
Title II of the Social Security Act provides for assistance to those who have paid into the system through their employment and then either reach the age of retirement or become disabled. Children and spouses of those who die can also access these benefits. This benefit is more commonly referred to as SSA or just Social Security.
Hope that helps.
