1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bas_tet [7]
3 years ago
5

Lorenzo is self employed with an s corporation. he is unmarried and had a net profit for the tax year. what are the tax ramifica

tions of his health insurance premiums paid for the year?
Business
1 answer:
ziro4ka [17]3 years ago
7 0
<span>Lorenzo would be required to pay all of his premiums regardless since he is self employed. Since he is self employed he should be able to deduct these premiums at the end of the year</span>
You might be interested in
Egrane, Inc.'s monthly bank statement showed the ending balance of cash of $18,600. The bank reconciliation for the period showe
gayaneshka [121]

Answer:

Option B $17,285 is correct the answer.

Explanation:

<u>Computation Table                       </u>

<u>Particular                         Amount</u>

Ending balance        $18,600

Add: Deposit in transit $1,550

Less: Outstanding  $2,100

Add: NSF check         $800

Add: Bank  charges $35

<u>Less</u><u>: EFT                 $1,600 </u>

<u>Cash balance          $17285 </u>

<u></u>

3 0
3 years ago
choose the correct term for each of the following descriptions. expenditure on research and development
Anni [7]

Research and development expenses, since these costs are intended to spur future growth, they should be considered capital expenses.

The term "expenditure on research and development" (R&D) refers to all costs associated with conducting research at colleges, universities, and other institutions of higher learning, whether those costs are covered by general institutional funds, specific grants, or contracts with public or private sponsors. Nearly US$ 1.7 trillion has been spent globally on research and development, which is a record high. Approximately 10 nations receive 80% of the money spent on expenditure on research and development. Countries have committed to significantly boosting public and corporate R&D spending as well as the number of researchers by 2030 as part of the Sustainable Development Goals (SDGs). The total amount spent on R&D, and expenditure on research and development in the US was $607.5 billion.

Learn more about Research and development expenses here:

brainly.com/question/13493514

#SPJ4

6 0
1 year ago
The capital gains yield equals _________
Arlecino [84]

Answer:

Appreciation in Investment Value = Percentage rise in value of investment

Explanation:

Capital Gain yield equals the appreciation in an investment's price. It is measured as percentage change over the original investment acquisition value.

Capital Gain Yield = Percentage (%) rise in value of an investment

= ( Rise in Value of Investment / Original Value of investment ) x 100

Eg : If a security purchased for 100 is now for 125 ;

Capital Gain Yield = (25 / 100) x 100

=  25%

7 0
3 years ago
Is defined as information containing? patterns, relationships, and trends of various forms of data?
DerKrebs [107]
Business Intelligence. Business intelligence is a broad term that covers basically any information in any format that may be relevant to business strategies. This can include, transaction info, product info, trends, app statistics and so much more. 
4 0
3 years ago
Waymire Company sells a motor that carries a 60-day unconditional warranty against product failure. From prior years' experience
MA_775_DIABLO [31]

Answer: Income statement $100,000

Balance sheet warranty liability $Nill

Explanation:

Since we are at the end of the period and all activities has been concluded with no expectation of claim of repairs. The firm will only record the cost incurred for current period on repairs which is $100,00 ( $100*1000) . The liability will be zero since the company has taken care of all repairs for the period.

3 0
3 years ago
Other questions:
  • What percentage of greek students think that hazing is an essential part of their organization?
    11·1 answer
  • If a hurricane hits central florida, the marginal benefit from visiting disney world ______, which​ ______ the incentive to visi
    7·1 answer
  • A _______ is a piece of data that's sent to the browser along with an HTML page when someone visits a site. It allows the websit
    14·2 answers
  • Helena is looking for an advisor who can help guide her as she invests. She also wants to reduce transaction and trading costs.
    11·1 answer
  • A month-end bank statement shows a balance of $52,000, outstanding checks of $8,000, an intransit deposit of $3,500, and a deduc
    14·1 answer
  • Cat's Coaster Company uses cork in all of the protective drink coasters that it manufactures. If Cat's enters into an agreement
    12·1 answer
  • The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer will make annu
    11·1 answer
  • Smashed Pumpkins Co. paid $192 in dividends and $617 in interest over the past year. The company increased retained earnings by
    10·1 answer
  • Mekia is in high school. She is thinking about possible career choices. Her guidance counselor gave her information about severa
    15·1 answer
  • What type of transaction is recorded when a customer pays via a payment link?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!