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VashaNatasha [74]
3 years ago
13

A taxpayer takes six clients to an NBA playoff game. If all of the tickets (list price of $120 each) are purchased on the Intern

et for $1,800 ($300 each), only $60 ($120 × 50% overall limitation) per ticket is deductible.
A) True

B) False
Business
1 answer:
Amanda [17]3 years ago
5 0

Answer: B. False

Explanation: the statement is false, because If all the tickets are purchased on the internet for $1800($300 each) instead of the list price of $120 each for one ticket, it makes no economic sense to buy on the internet.

Only if buying the tickets on the internet is the same rate or cheaper will it make economic sense.

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The profit earned from the sale of stock that has increased in value is known as
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Answer:

a capital gain . that is c

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2 years ago
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Appalachian Airlines began operating in 2010. The company lost money the first year but has been profitable ever since. The comp
Aleksandr [31]

Answer:

$800,000

Explanation:

The computation of the taxes paid by the company in 2013 is shown below:

Year    Taxable Income         Carry forward amount        Year-end amount

2010    -$4,000,000                                                            $0

2011      $1,000,000               - $4,000,000                        $3,000,000

2012     $2,000,000              -$3,000,000                         $1,000,000

2013     $3,000,000              -$1,000,000                          $2,000,000

Now the tax paid is

= $2,000,000 × 40%

= $800,000

4 0
3 years ago
According to the Uniform Commercial Code's interpretation of an open quantity term, if the quantity term is left open in a contr
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According to the Uniform Commercial Code's interpretation of an open quantity term, if the quantity term is left open in a contract for the sale of goods courts generally have no basis for determining a remedy.

<h3>What do you mean by Uniform Commercial Code?</h3>

The uniform Commercial code states that a sale consists of the passing of title from the seller to the buyer for a price.

According to the Uniform Commercial code's interpretation of an open quantity term, if the quantity term is left open in a contract for the sale of goods, courts have no basis for the determination of remedy.

Learn more about uniform commercial code here:

brainly.com/question/8476938

#SPJ1

3 0
2 years ago
Brenda conducts brokerage activities and can receive compensation directly from buyers
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Answer:

A) Broker

Explanation:

she is a Broker if she recieves compensation directly from either buyers or seller.

moreover, she conducts brokerage activities.

hope it helps .

5 0
3 years ago
Just because a firm is able to use its resources, capabilities, and competencies to
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mind fact sub happy wala birthday quiz frist video

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