Answer:
passive income if taxable income is negative;active income if taxable income is positive.
Answer:
It's true
Explanation:
In one of the paragraphs of the labor contracts it says the following: The discoveries and inventions and the improvements in the procedures, the same as all the works and obtained results in the WORKER activity or when due to the nature of their functions we have had access to Confidential secrets or investigations will remain the exclusive property of the EMPLOYER. In addition, we will have the latter right to patent your name or name of third parties, those inventions or improvements, for which THE WORKER will agree to provide timely knowledge of the corresponding formalities and to his signature and extend the powers and documents necessary for that purpose, as and when requested by THE EMPLOYER, without the latter being obliged to pay any compensation.
Answer:
$400
Explanation:
The computation of the corrected operating income is shown below:
= Sales revenue - costs of goods sold - SG&A Expense
= $1,600 - $800 - $400
= $400
The gross profit would be
= Sales revenue - costs of goods sold
And the operating income would be
= Gross profit - SG&A Expense
For computing the operating income, we deduct the costs of goods sold and the SG&A Expense from the sales revenue
