Answer:
depreciation expense 2021 = $6,200
depreciation expense 2022 = $6,700
Explanation:
depreciable value = $29,000 - $200 = $28,800
depreciation expense per mile driven = $28,800 / 144,000 = $0.20
number of miles driven during 2021 = 31,000
depreciation expense 2021 = 31,000 x $0.20 = $6,200
number of miles driven during 2020 = 33,500
depreciation expense 2022 = 33,500 x $0.20 = $6,700
Answer: $5960
Explanation:
Based on the analysis and the information provided in the question, the amount of taxes that Tim can deduct as an itemized deduction will be the addition of the Tim's state income tax return for the previous year, the state tax that was held during the year and the estimated state tax payment. This will be:
= $740 + $4200 + $1020
= $5960
Therefore, the amount of taxes that Tim can deduct as an itemized deduction will be $5960.
Answer:
d. Charities
Explanation:
Charity is one the ways of solving or dealing with externalities that affect a society, without the intervention of the government. This involves the effort of a charitable organization in raising enough money to do something useful for the society to mitigate such externalities affecting it.
As stated in the question above, we can see that the environmental organization is a charitable organization, who have taken it upon itself to advance the course of campaigning against far’s pollution. It is a nonprofit organization that raises money through donations, in order to help finance the campaign. Their main objectives focused on the well-being the local community.
Excluding discouraged workers from the official unemployment rate may cause the official rate to Understate the true extent of underemployment.
What happens when they are reclassified as discouraged workers?
- The measured unemployment rate will decrease if unemployed people give up.
- When this occurs, the measured unemployment rate will momentarily increase. They will once more be listed as unemployed, which is why.
- Because there are no discouraged employees in the labor market actively looking for a job, the labor force participation rate would fall if employed people were reclassified as discouraged workers.
(1) official unemployment rate= unemployed/(employed + unemployed)
= 6197000 / 155604000 + 6197000 * 100
= 3.83%
(2) U-4 unemployment rate= (unemployed +discouraged) /(employed +unemployed+ discouraged)
=6197000+ 434000 / 155604000+ 6197000 + 434000 * 100
= 4.09%
Excluding discouraged workers from the official unemployment rate may cause the official rate to Understate the true extent of underemployment.
To learn more about the unemployed, refer to:
brainly.com/question/3876987
#SPJ4
