Answer:
$3,544
Explanation:
The maximum immediate expenses amount of $5000 phases out for dollar if more than $50,000 of start-up cost are incurred. Thus, the immediate expensing is $3,000
($5000 - ($52,000 - $50,000))
∴ ($5000 - ($2000) = $3000
The amortization is $544
($49,000/180) × 2 months
= $544
The total amount she may deduct = $3000 + $544 = $3544.
The items that affect incentives
for people to produce and exchange goods and services are:
liability rules
property rights
contract enforcement
<span>These factors will hinder the exchange of goods
and services to people.</span>
Answer:
The answer is attached for ready reference
Explanation:
Please note no effect for depreciation is taken as it is non cash item.
The may ending balance is having a surplus of $103,300
Answer:
The value after seven years from now is $231,216.29
Explanation:
The computation of the expected value would be seven years from now is shown below:
Here we use the future value formula i.e. shown below:
Future value = Present value × (1 + interest rate)^number of years
= $188,000 × (1 + 0.03)^7
= $188,000 × (1.03)^7
= $231,216.29
Hence, the value after seven years from now is $231,216.29
Answer
Hi,
They are; income tax, self-employment tax, employment tax and Excise tax
Explanation
All businesses are expected to file income tax return on yearly basis. Some pay taxes as they earn the income. The self-employment tax is imposed to contribute to social security and health care cover for a person who works for him or herself. Employment taxes are a mandatory to employers who are required to pay it to cover social security and healthcare taxes and federal unemployment tax for the workers. Some businesses are levied excise tax depending on the goods sold or manufactured, the type of business operation and the type of equipment and products used.
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