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Salsk061 [2.6K]
3 years ago
5

Lesa drives her car approximately 18,000 miles per year. During the most recent year, she drove 7,000 miles commuting to and fro

m work, 4,500 miles for business-related conferences and client visits, and 6,500 miles for personal trips. How many miles are considered business miles and can be used to determine the tax deduction for transportation expenses?
Business
1 answer:
White raven [17]3 years ago
3 0

Answer:

The answer is: 4,500 miles

Explanation:

Lesa can only deduct 4,500 miles as transportation expenses form her taxable income. She could include any other related expenses like parking fees, tolls, etc., that she spent during her business related trips.

The 7,000 miles she drove to and form work are not considered business expenses, since going to work is not an actual part of working. It's like an employee trying to get paid for the time he or she spends in a bus going to work.

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A company has an operating income of $100 million, depreciation of $15 million, an asset sale of $50 million, a capital expendit
Alexus [3.1K]

Answer:

145 millons free cash flow for the year

Explanation:

100 operating income

+ 15 depreciation (this expense do not involve cash, so they add up cash)

+50 long term asset sales (more cash in form of currency)

-10 capital expenditure (cash used purchase, mantaing or improve their assets)

-10 investment in working capital (we use it to adquire assets or pay liabilities)

-----

145 millons free cash flow for the year

6 0
4 years ago
Suppose you borrow​ $2,000 for one year and at the end of the year you repay the​ $2,000 plus​ $110 of interest. If the expected
UkoKoshka [18]

Answer:

b. 3.3%

Explanation:

The nominal interest rate is 5.5%, (110/2000*100), and the inflation was 2.2%

The shortest way to calculate real interest rate is to subtract the inflation from the nominal interest rate, in this case

5.5% - 2.%2 = 3.3%

6 0
4 years ago
Which of the following is a reason not to conduct marketing research concerning a particular project?
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5 0
3 years ago
Which of the following refers to the marketing activity in which a firm "ambushes" consumers with promotional content in places
dlinn [17]

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7 0
3 years ago
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mylen [45]

Answer:

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Explanation:

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Total utility of other four products = 162 - 6 = 156

4 0
3 years ago
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