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andrew11 [14]
3 years ago
10

Martha and Lew are married taxpayers with $400 of foreign tax withholding from dividends in a mutual fund. They have enough fore

ign income from the mutual fund to claim the full $400 as a foreign tax credit. Their tax bracket is 24 percent and they itemize deductions. Should they claim the foreign tax credit or a deduction for foreign taxes on their Schedule A?
Business
1 answer:
DedPeter [7]3 years ago
5 0

Answer: they should claim a deduction for foreign taxes on their Schedule A?

Explanation: An itemized deduction is an expenditure on eligible products, services, or contributions that can be subtracted from adjusted gross income (AGI) to reduce your tax bill.

Most taxpayers have the option to either itemize deductions or claim the standard deduction that applies to their filing status.

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The person who receives financial protection from a life insurance plan is called
AveGali [126]

The person who receives financial protection from a life insurance plan is called a Beneficiary. The other side is the policy owner. he beneficiary is usually selected at the time of the policy inception by the owner of the contract.Beneficiary Order ,  Beneficiary Changeability  and Beneficiary Legal Type are the three types of Beneficiaries for Life Insurance.

4 0
3 years ago
Don sends an e-mail to Eve, promising her a percentage of the amount in a foreign bank account if she will assist in transferrin
aleksandrvk [35]

Answer:

b) cyber fraud

Explanation:

Based on the information provided within the question it seems that this is an example of cyber fraud. This refers to a fraud or deception that is done over the internet with the goal of tricking victims in a variety of different ways in order to steal their money, property or even inheritance. Which is the case in this scenario as Don tricked Eve into providing her U.S. bank account, which he used to gain access and steal all her funds.

4 0
3 years ago
You want to be a venture capitalist (you have a lot of money to invest in other business that needed money) and recently identif
vfiekz [6]

Answer:

Invest money yourself and start a small venture capital company.

Explanation:

Venture capital is business financing strategy for startups which require high investments but also have high risk. The returns for such business is also high due to the risk exposure. These business have potential to grow beyond expectations. The investments is made by a person in the company to give it rise because of its long term growth potential. The solar power generation have trend that is gaining significance so investing in such a business is intelligent move.

6 0
3 years ago
Billy opens a bicycle shop that sells an innovative new kind of bicycle. He decides to call the bicycles Bicycles. Billy extensi
Contact [7]

Answer:

Option B is correct because the first thing is we can not register it as trademark because the requirement to register trademark is:

  • It must be in use And
  • Must be distinctive.

In this case the word bicycle is not distinctive. The word distinctive in law means that the item must be different from something else either in nature or type.

Option A is incorrect as the word bicycle is not distinctive, so it can not be registered. And if it can not be registered then it can not be protected against trademark infringement.

Option C is also incorrect as this word does not meets the requirements of trademark registration.

Option D is also incorrect because certification mark are logos of products to make the quality or nature of product clear.

5 0
3 years ago
The cost of manufacturing a specific good in a developing country is less than the cost to manufacture it in the United States.
Lana71 [14]

Answer:

Prices will decrease and the quantity produced will increase.

Explanation:

Because labor costs are lower in developing countries, when these countries produce manufactured goods, they do it at a lower cost, meaning that these goods will also have a lower price for the final consumers. If these cheaper goods are exported to the U.S. market, the U.S. market is flooded with more goods at a lower price, something that may affect some U.S. firms, but that benefits the majority of U.S. consumers.

7 0
3 years ago
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