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
Genrish500 [490]
3 years ago
7

Select the correct answer. Which of these is not considered for deduction of federal income tax? A. interest earned from state b

onds B. earnings from commission C. earnings from tips or bonus D. income from awards and prizes
Business
1 answer:
tankabanditka [31]3 years ago
6 0

Answer:

The correct answer is (a)

Explanation:

According to the federal laws earnings from awards or prizes, earning from commission and income form bonus or tips are not exempted from the federal income tax. Likewise, interest earned from state bonds is exempted from federal income tax. IRS the internal revenue service interest in government or federal obligations are not considered for deduction of federal income tax.

You might be interested in
The stock of Cooper Corporation is​ 70% owned by Carole and​ 30% owned by​ Carole's brother, Chris. During​ 2017, Chris transfer
g100num [7]

Answer:

$0

Explanation:

Since 100% of Cooper Corporation's stock were owned by Carole and Chris (who are siblings), then no one can recognize any loss or gain from the contribution of property (nor the distribution of property). Under section 351, no gain or loss can be recognized for the contribution of property in exchange for stocks in a controlled corporation.

Since the contribution was made through a carryover basis transaction less than 5 years before the liquidation, the distribution is carried out in the same way.

6 0
4 years ago
Ben lives in a state that has a no-fault auto insurance law. another motorist failed to yield the right of way, and hit his car.
Sophie [7]

EIsenI’m sexlurzmbznqeAnswer:

Explanation:

3 0
3 years ago
Which theory suggests that employees can be motivated by objectives that are specific and challenging but achievable and that ha
Darina [25.2K]

Answer:

Goal setting theory

Explanation:

Setting goals is important to keep motivated in order to achieve certain objectives. According to the theory of goal setting, employees should set some goals, goal setting will keep them strong, focus and satisfied. Employees should set realistic and achievable goals to achieve. It indirectly guides a person towards achieving and fulfilling their aims and goals.

6 0
3 years ago
Why might some firms voluntarily pay workers a wage above the market equilibrium, even in the presence of surplus labor? check a
Schach [20]
<span>paying higher wages increases worker turnover YOUR ANSWER

</span>
<span>higher wages attract a more competent pool of workers YOUR ANSWER

the rest really do not apply.
</span>
6 0
3 years ago
Which term is not matched with a correct definition?
galben [10]
The answer is <span>straw polling – using a sample that does not match the population

Straw polling is the process of searching popular opinion about a certain matter, but being done on unofficial ballot
Even though straw polling is unofficial, the sample that it use always match the population of the official polling.</span>
4 0
3 years ago
Other questions:
  • 8. Which of the following will cause a movement along the supply curve for oil? a. New technology to drill underwater in the Gul
    9·1 answer
  • What is promissory estoppel
    15·2 answers
  • Question 1 of 10
    7·2 answers
  • Jim wants to start investing in bonds. He checks with two brokers to ask them for suggestions of bonds to buy. Broker J, who cha
    7·2 answers
  • In-Step Manufacturing uses a flexible budget. It has the following budgeted manufacturing costs for 25,000 pairs of shoes: Fixed
    15·1 answer
  • The 2016 financial statements of The New York Times Company reveal average shareholders’ equity attributable to controlling inte
    5·1 answer
  • Our company has reviewed the utilities bills for our company. We have determined that the highest and lowest bills were $5,600 a
    9·1 answer
  • Yates Company's records provide the following information concerning certain account balances and changes in these account balan
    15·1 answer
  • The classical viewpoint of management emphasized ways to ___
    9·1 answer
  • *<br> What items make an Water based stain?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!