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3 years ago

8

For individual taxpayers, deductible losses for tax purposes do not include _____. business losses investment losses personal lo

sses personal casualty or theft losses

1 answer:

galben [10]3 years ago

6 0

<span>For individual taxpayers, deductible losses for tax purposes do not include personal losses. </span>

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Which is the primary source of revenue for the federal government

soldier1979 [14.2K]

The three main sources of federal tax revenue are individual income taxes, payroll taxes, and corporate income taxes. Other sources of tax revenue include excise taxes, the estate tax, and other taxes and fees.

8 0

3 years ago

The Marchetti Soup Company entered into the following transactions during the month of June:

fiasKO [112]

Answer:

Explanation:

The journal entries are shown below:

1. Merchandise Inventory A/c Dr $200,000

To Account payable A/c $200,000

(Being the inventory purchased is recorded)

2. Salaries Expense A/c Dr $51,000

To Cash A/c $51,000

(Being salaries expenses are paid for cash)

3. Cost of goods sold A/c Dr $142,000

To Merchandise Inventory $142,000

(Being the merchandise is sold for cost)

Accounts receivable A/c Dr $255,000

To Sales revenue A/c $255,00

(Being the merchandise is sold on credit)

4. Cash A/c Dr $235,000

To Accounts receivable A/c $235,000

(Being the cash is collected)

5. Accounts payable A/c Dr 180,000

To Cash A/c 180,000

(Being cash is paid)

3 0

3 years ago

Explain the relationship between consumers and producers in economic growth and activity

Strike441 [17]

The economy consists of producers, who make and sell goods and services, and consumers, who buy the goods and services.

Producers rely on consumers to buy from them, and consumers rely on producers to provide the goods and services they want.

Money allows this relationship to work.

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3 years ago

Early in 2015, Mathew is analyzing shares of Janeff Corp. He expects the following dividends per share (end of year). 1. 2015: $

Svetllana [295]

He should pay no more than $66.68 per share

Explanation:

Given ,

1. 2015: $1.00

2. 2016: $1.25

3. 2017: $1.50

Earnings per share = $4.50

P/E ratio = 20

Required rate of return = 12%

Stock price per share expressed according to P / E ratio

P/E Ratio = Market Price per share ÷ Earnings per share

20 = Market Price per share ÷ $4.50

Market Price per share = 20 × $4.50

Market Price per share = $90

Earn 12% of return

So here you discount to present value all the planned dividend and market price. use as discount factor here a necessary rate of return

present value of all amounts = 66.7

So, maximum amount that is paid to earn 12% return is $66.7

7 0

3 years ago

Assume an increase in global agricultural production of food due to technology while global population remains the same. Due to

MA_775_DIABLO [31]

Answer:

The equilibrium price falls and quantity increases

Explanation:

When the supply of food rises without a corresponding increase in demand , there would be an excess supply.

When there's excess supply, prices fall and the quantity produced rises.

I hope my answer helps you

6 0

3 years ago