Answer: That means that the company is losing profits, therefore I would recommend continuing to produce in the short term, so that you do not lose more as it would be if you stop producing.
In the long term, unless prices go up or costs go down, I would recommend the pencil manufacturer not to continue producing and going out of business.
Based on the information given, it should be noted that all proceeds are income tax free in the year that they're received.
<h3>
What is tax?</h3>
A tax simply means a compulsory levy that's paid by the people or companies to the government. It's important to achieve economic development.
For federal tax purposes regarding lump-sum life insurance benefits, it should be noted that all proceeds are income tax free in the year that they're received.
Learn more about tax on:
brainly.com/question/9437038
Answer:
Purchase of machinery
Explanation:
Once you have purchased for a machinery, you will earn the interst from the The profit the machine brings to you.
Answer:
$200
Explanation:
Data provided in the question:
Sally is single and age = 60
Amount contributed by Sally to her IRA = $2,000
AGI on her return = $26,000
Now,
For single and aged 60:
The maximum eligible contribution per taxpayer will be $2,000
The credit rate = 10%.
Therefore,
The maximum credit that Sally will get
= 10% of Amount contributed by Sally to her IRA
= 10% of $2000
= 0.10 × $2,000
= $200
