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forsale [732]
4 years ago
11

Ed is a self-employed heart surgeon who has incurred the following reasonable expenses:$1,000 in air fare to repair investment r

ental property in Colorado. ; $500 in meals while attending a medical convention in New York; $300 for tuition for an investment seminar "How to pick stocks."; $100 for tickets to a football game with hospital administrators to celebrate successful negotiation of a surgical contract earlier in the day.How much can Ed deduct?A. $1,300 "for AGI."B. $1,300 "for AGI" and $300 "from AGI."C. $480 "for AGI."D. $80 "for AGI" and $1,300 "from AGI."E. None of these.
Business
1 answer:
lyudmila [28]4 years ago
6 0

Answer:

A. $1,300 "for AGI.

Explanation:

The computation of the deductible amount is shown below:

= Air fare to repair investment rental property + 50% × (Meals + tickets to a football game with hospital administrators)

= $1,000 + 50% × ($500 + $100)

= $1,000 + $300

= $1,300

For meals and tickets, 50% deduction is applicable whereas for the air fair full deduction is applicable

And, for investment in seminar no deduction is allowed

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Bill Schultz works at a high power investment firm in Los Angeles. Bill is responsible for promoting the firm's vision and creat
kramer

Answer:

Strategic level

Explanation:

Bill is at the strategic level of the organisational pyramid. He is responsible for allocating the resource of the organisation and taking decisions on behalf of the owners. Bill is at the strategic level because he is also required to make a strategic decision and goals for the company.  The strategic level of management is one of the important parts of any organisation, as the strategic performance of the company relies heavily on strategic management.

5 0
3 years ago
He ________ helps design programs and systems to find new sources of knowledge or to make better use of existing knowledge in or
Talja [164]
The answer to this question is "CKO or the Chief Knowledge Officer". He, the CKO, helps the design programs and systems to find and discover new sources of knowledge or to make and produce better use of existing knowledge in the organizational and management processes. He is also the person assigned and responsible for firm's knowledge management program.
5 0
3 years ago
If a check correctly written and paid by the bank for $749 is incorrectly recorded in the company's books for $794, how should t
sertanlavr [38]

Answer:

To treat this in the bank reconciliation, the difference of $45 is deducted from the balance per bank.

Explanation:

Based on the information given;

The amount recorded (as a deduction) in the books was in excess of $45 being the difference between the actual amount $749 and the erroneous amount recorded $794.

As such, to reconcile the bank statement balance to the balance in the books, the difference $45 is deducted from the balance per bank.

However, in the computation of the book balance the excess amount $45 is added to the book balance to correct the error.

3 0
4 years ago
Managers of Wendy's fast-food restaurants keep track of prices at competitors such as McDonald's, Burger King, and Arby's, knowi
liubo4ka [24]

Answer:

Decrease demand for Wendy's products.

Explanation:

This is because Wendy's is aware of the cross elasticity of demand and the effect it can have on Wendy's given a change in price of its competitors. Since the competitors are all substitute goods which means that a decrease in price of any substitute that is the competitor product will shift people from buying Wendy's to these competitors, thus reducing Wendy's product demand and its revenue.

Cross elasticity of demand for substitutes is 1> . Hence the qty demanded for Wendy's will fall more than the increased revenue by charging higher price than its competitors.

Hope that helps.

3 0
3 years ago
Read 2 more answers
If the family will not budget their family resources or their efficiently what will happen?
mr Goodwill [35]

Answer:

They will go broke

Explanation:

because if they spend over budget thats not enough money so they will be broke

4 0
3 years ago
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