Answer:
The disallowed loss may be used to offset gain on the subsequent sale
Explanation:
A recognized gain or loss is simply refered to as the gains or losses that increase or decrease the gross income of taxpayers.
The Internal Revenue Code (IRC) §267 had laid out rules guiding or relations to the deductions of either losses or expenses between 2 or more related parties.
The related-party loss disallowance rules states that tax laws significantly treat parties involved as though they are the same taxpayer and does not allow recognition of losses on sales to related parties and it may be able to forthrightly deduct the disallowed loss by selling the property to an unrelated third party at a gain and also oonly if the related buyer sells the property at a gain(the related-party buyer sells it for more than she purchased it for).
On the condition that the related-party buyer sells the property for less than her purchase price from the related seller, then disallowed loss expires unused.
Answer:
$280
Explanation:
SUTA is a synonym for State Unemployment Tax paid by employers and employees , and used by the government to provide the insurance expenditures for the unemployed citizens
The reciprocal arrangement exempts the tax payer from his former country of work. H e will be taxed in the new country of work at the applicable rate
SUTA ceiling earning = $7000
SUTA rate = 4.0%
SUTA = $280
Matthew manages the sales team at an information technology (IT) firm. His focus is to conduct business in accordance with his firm's mission and vision, while making as much money as possible for the firm and conforming to the basic rules of the society. He ensures that his actions embody ethical custom. In this scenario, Matthew's view of corporate social responsibility is most likely rooted in the <u>Utilitarian </u>tradition.
Explanation:
Utilitarianism is a ethical theory which talks about the right and the wrong actions of an individual.This theory advocates that the action that brings happiness to the society and also increases the utility in the society as a whole is called a morally correct action.
This theory was proposed by Jeremy Bentham and John Stuart Mill.
In simple words an action is termed as right if it promotes happiness in the society and is termed bad it it brings unhappiness in the society
So we can say that Matthew's view of corporate social responsibility is most likely rooted in the <u>Utilitarian </u>tradition.
Answer:
c.capital investment analysis
Explanation:
Project evaluation that involves decisions on how a company can control its fixed assets are part of capital investment analysis. It involves making decisions on whether it should install new equipment or replace old equipment, whether to purchase or construct a new building, whether to accept or reject a project, etc. These long term investments should earn a higher return than the cost of acquiring capital in order to be accepted and funded.
Answer:
The correct answer is B. The vendor has latitude in establishing prices for the other party's goods or services.
Explanation:
In an ideal scenario, both sellers and buyers should agree on the price and conditions of a product, in order to avoid speculation and subsequent conflicts. In the event that a seller is the one who has the freedom to decide the conditions such as price or distribution, he is acting as a commercial agent, since he is autonomously deciding on aspects that should correspond to the buyer as the main agent.