JOBS ARE THE SOURCE OF INCOME
Answer:
Consider the following explanation
Explanation:
Foreign tax credit allowable is the minimum of Federal Income Tax and Income tax paid in foreign country. Here, Jimenez had paid 40% (2,000,000/5,000,000) income tax in foreign country. So. Jimenez will only be eligible to take foreign tax credit of 1,050,000 i.e. 5,000,000 * 21% and there will be carryover of $950,000 (2,000,000 - 1,050,000) foreign taxes.
There is carryover tax when we cannot use the whole amount of foreign tax credit in the current year and the balance foreign tax is carried over to future years.
The thing which was seen as a <em>sign </em>of the most power and influence among European nations was imperialism as this was seen as an important factor because the<em> European nations </em>wanted to extend their influence to other places.
As a result of this, we can see that imperialism as a term is the use of military force or other means to gain control over a group of people on their land and rule over them.
This was seen as a sign of great power among the European nations as this was a good advantage as they were able to exploit the resources of the lands which they had conquered.
Read more about imperialism here:
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Answer:
A. Telephone expense is debited $82; accounts payable is credited $82.
Explanation:
Mr. Peabody has incurred a debt of $82 on telephone expenses. His expenses have increased by $82, and his debts(liabilities) have also increased by $82.
An increase in expenses is recorded by debiting the relevant expense account. Mr. Peabody will debit the telephone expense account by $82.
Liabilities have increased by $82. An increase in liabilities is recorded by crediting the liabilities account. Mr. Peabody will complete this transaction by crediting the liabilities account by $82.
