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4 years ago

7

a sole proprietor with a tentative loss may deduct which of the following for qualified business use of home expenses?

1 answer:

Elza [17]4 years ago

3 0

Complete Question:

A sole proprietor with a tentative loss may deduct which of the following for qualified business use of home expenses?

a. depreciation

b. mortgage interest

c. rent

d. Utilities

Answer:

b. mortgage interest

Explanation:

The sole proprietor with a tentative loss may deduct expenses for mortgage interest, mortgage insurance premiums, and real estate taxes under the normal rules. The sole proprietor is not allowed to deduct other expenses that are normally tax-exempt expenses, including depreciation, rent, and utilities. The amount to be deducted for mortgage interest should not exceed the percentage for business use.

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"2. In 2020, Polar Engines issued 125,000 shares of its $1 par common stock at $12 per share. On September 30, 2022 Polar Engine

notsponge [240]

Answer:

Dollar amount of Treasury stock at the end = $85,000

Explanation:

Given:

Number of purchase treasury stock = 15,000 at $17

Number of sold treasury stock = 10,000

Computation:

Amount of purchase treasury stock = 15,000 × $17

Amount of purchase treasury stock = $255,000

Amount of sold treasury stock = 10,000 × Purchase price

Amount of sold treasury stock = 10,000 × $17

Amount of sold treasury stock = $170,000

Computation of dollar amount of Treasury stock at the end:

Dollar amount of Treasury stock at the end = Amount of purchase treasury stock - Amount of sold treasury stock

Dollar amount of Treasury stock at the end = $255,000 - $170,000

Dollar amount of Treasury stock at the end = $85,000

5 0

3 years ago

Priscilla owns a factory that produces kayaks. She is trying to decide whether to continue using her one of her current pieces o

Nataliya [291]

Priscilla does not need to consider the cost of the new equipment.

Originally used by the Inuit, kayaks are a sort of canoe with a light frame and a watertight covering that has a tiny space in the top to sit in.

As a type of compact watercraft, kayaks are renowned for their exceptional design. A boat that is quick, strong, and simple to turn may be modified for calm lakes, swift rivers, and rough seas thanks to its light hull, covered top, and shallow base.

Instead of continuing to use her outdated pieces of equipment, Priscilla could swap them out for more modern ones.She shouldn't consider the price of the new equipment as a result.

Click the link to learn more about the kayaks

brainly.com/question/27326576

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4 0

1 year ago

The difference between the revenues taken in by a business and the costs of operating the business is called

pashok25 [27]

Profits & Losses (Profits are plus amounts and losses are negative amounts)

3 0

3 years ago

. One of the goals you have set for your company is "to expand our product line." This statement is A. a slow-growth option. B.

mr Goodwill [35]

The statement in above describes the choice letter B, which can be considered as the correct answer. It is considered to be not clear and not measurable because the statement does not provide the exact or clear information. It does not state in which or what way will the expanding of the product line be.

3 0

4 years ago

Read 2 more answers

Malik is the top employee at the local Deloitte office, and he just received a competing offer from PwC. Deloitte is considering

GREYUIT [131]

Answer: Extra Vacation ; Stay

Explanation:

<em>At the Nash equilibrium, Deloitte will choose </em><em><u>extra vacation</u></em><em> and Malik will respond with </em><em><u>stay</u></em><em>.</em>

A Nash Equilibrium is the optimal outcome for each player given the decisions of the other player.

Looking at the the sequential game tree, if Deloitte offered a Money Bonus, Malik would leave because it offers him a higher payout. Deloitte would not want this because they gain more when he stays.

If Malik is offered extra vacation however, Malik stands to gain more than every other option if he stays and Deloitte would therefore offer him this because it will still be a gain for them. This is the Nash equilibrium.

8 0

3 years ago