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Lena [83]
3 years ago
7

What tax applies to investments and other personal property?

Business
2 answers:
shusha [124]3 years ago
8 0
This one would be IRS. 
For example, if<span> you end up paying for personal property taxes to your local government, the IRS would allow you to claim a deduction for it on your federal tax return~</span>
Ksju [112]3 years ago
4 0
The answer would be a.
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Sale of partnership interestThe partners in the Biz Partnership have agreed that partner Mandy may sell her $100,000 equity in t
ddd [48]

Answer:

Mandy Capital                                                Debit: 100,000

Brittney Capital                                               Credit: 100,000

Explanation:

The journal entry will be recorded as above. Mandy sold equity worth $100,000, so we will record the entry on transfer of equity by the equity value sold. Now, for this equity value both partners can decide the amount in which one will sell to other, which in this scenario is $85,000.

5 0
3 years ago
Denver Systems has total assets of $1,000,000; common equity of $400,000; a gross profit of $800,000; total operating expenses o
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Answer:

See

Explanation:

4 0
3 years ago
Compute the selling price if variable costs are ​$16 per unit. Determine the formula used to calculate the selling price.
dezoksy [38]

Answer: $40

Explanation:

Selling price can be calculated through the contribution margin equation;

Contribution margin = (Selling Price - Variable cost) / Selling Price

Contribution margin = Fixed costs/break-even point

= 660,000/1,100,000

= 60%

60% = (Selling Price - 16) / Selling Price

Selling price * 60% = Selling price - 16

16 = Selling price - (0.6 * selling price)

16 = Selling price * 40%

16/40% = Selling price

Selling price = $40

3 0
3 years ago
#20 Employers include __________ plan coverage in fringe benefit programs to retain high-quality employees and ensure productivi
harina [27]

Answer:

Group health

Explanation:

  • As a company it's the duty of owner and management to take care of their employees health
  • It's difficult to run individual healt programmes hence companies run group health programs
8 0
2 years ago
Now suppose the U.S. government does not know the demand curve for pollution and, therefore, cannot determine the optimal tax to
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