Answer:
$0
Explanation:
Ginger has to choose between claiming a tax credit of a deduction for income taxes paid to foreign countries. She has already claimed a $5,000 foreign income exclusion (for taxes paid in Spain), and she has already made the deduction for the $1,000 paid in taxes to France. She can also claim a deduction for the $10,000 paid in taxes to England.
Since she already claimed tax deductions, she can no longer claim a tax credit, it is either one or the other.
Answer:
1. Authorized
2. Purpose
3. Commonly
4. Interest
5. Private
6. Furnished
7. Perform
8. Serious
Explanation:
In determining whether a particular act occurred within the scope of employment, courts will evaluate whether the employee’s act was authorized by the employer, the time, place, and purpose of the act, whether the act was one commonly performed by the employees on behalf of their employers, the extent to which the employer’s interest was advanced by the act, the extent to which the private interests of the employee were involved, whether the employer furnished the means by which an injury was inflicted, whether the employer had reason to know that the employee would perform the act in question and whether the employee had done it before, and whether the act involved the commission of a serious crime.
Answer:
$1,100
Explanation:
The computation of the amount realized is shown below:
= Fair market value of exchanged for stock + cash in a transaction - selling expenses incurred
= $850 + $350 - $100
= $1,100
Basically we have added the cash and subtracted the sales expenses to the fair market value so that the correct amount of the realized amount will come in.
They b<span>oth share responsibility and control over the property</span>
This kind of person in business terminology is called a free rider.
