Organizational policies originate with top level of management and are disseminated to lower levels for implementation.
Top level of management consists of an organization’s board of directors and the chief executive or the managing director of the company.
It is the ultimate source of power and authority because it oversees the goals or policies, and procedures of a company. Main priority of the top level management is on the strategic planning and execution of the overall business success.
The roles and responsibilities of the top level of management can be summarized as given below:
To lay down the objectives and the broad policies of the business enterprise.
To issue necessary instructions for the preparation of department-specific budgets, as well as schedules or procedures, etc.
To preparing strategic plans and policies for the organization.
To establish controls of all organizational departments.
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Answer:
Since Marco's itemized deductions are lower than the standard deduction, he should not itemize. His taxable income = AGI - standard deduction = $18,000 - $12,400 = $5,600.
Marco's total income tax liability = $5,600 x 10% = $560
Taxpayers should not itemize when the deductions are lower than the standard deduction.
Answer:
b. $25,716
Explanation:
The total cost recovery Deduction is:
10-year property
MACRS cost recovery ($200,000×0.10) $20,000
7-year property
MACRS cost recovery ($40,000×0.1429) $5,716
Total cost recovery $25,716
Therefore, The total deductions in calculating taxable income related to the machines for 2017 is $25,716.
<span>Vygotsky believed that cognitive development was the result of social interactions. Lev Vygotsky was a Soviet psychologist who was born in 1896 and died in 1934 at the age of 37. Developmental psychology was his main field of interest and study.</span>
