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Ierofanga [76]
3 years ago
15

In 2019, Ava, an employee, who files single, has AGI of $58,000 and incurred the following miscellaneous itemized deductions thi

s year:Home office expenses: $1,200Union dues and work uniforms: $350Unreimbursed employee expenses: $415Gambling losses to the extent of gambling winnings: $890. What is Ava’s total itemized deduction related to these items?
Business
1 answer:
SOVA2 [1]3 years ago
6 0

Answer: $1,695

Explanation:

GIVEN THE FOLLOWING ;

miscellaneous itemized deduction for the year;

Home office expenses = $1,200

Union dues and work uniforms = $350

Unreimbursed employee expenses = $415

Gambling losses to the extent of gambling winnings = $890.

Value of miscellaneous itemized deduction is :

Miscellaneous itemized deduction = [(Home office expenses + Union dues and work uniforms + Unreimbursed employee expenses) – 2 % of Adjusted Gross Income + Gambling losses to the extent of gamble winnings]

[($1,200 + $350 + $415) - (0.02 × 58,000) + $890]

[$1,965 - $1160 + $890]

$1,695

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andrezito [222]

Answer:

E. Profit motive

Explanation:

Profit motive can be defined as the intention, motivation or desire to form a business or engage in business ventures so as to generate financial (monetary) gains.

This ultimately implies that, profit motive is a desire for monetary gains (profits) which motivates a business owner to engage in the sales of finished goods or services.

Hence, profit motive is the premise on which all businesses are built on because the ultimate goal of every business is to achieve financial gains.

In this scenario, the computer accessories that Javier is making and selling are bringing in a substantial amount of money for him. Inspired by this success, he decides to hire two people and expand his business.

Thus, this is an example of profit motive.

4 0
3 years ago
during the second stage of the ethical decision-making process, managers must determine whether a proposed decision would violat
nikdorinn [45]

When a manager needs to make a decision using the ethical decision-making process and reaches the second stage, they check whether the decision violates the c. fundamental rights of any stakeholders

The ethical decision-making process involves making decisions that are consistent with the relevant ethical views of the company which it draws from the society it is based in.

The second stage of this process involves checking whether the ethics involved in a certain decision, would violate the fundamental rights of shareholders which include:

  • The right to ownership
  • The right to Dividends
  • The rights to evaluate corporate decisions
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This is to ensure that the shareholders are taken care of because the first duty of a manager is to their shareholders.

In conclusion, managers need to check whether a decision affects the fundamental rights of shareholders before they embark on it.

<em>Find out more at brainly.com/question/8864856.</em>

<em />

The options for this question include:

a. utilitarian beliefs

b. the global commons

c.  the fundamental rights of any stakeholders

d. home country values

4 0
2 years ago
List the factors that influence the price of labor
liraira [26]
Im not completely sure bc i dont see anything other than letters so im gonna say B
4 0
3 years ago
earned net sales revenue of $62,000,000 in 2016. Cost of goods sold was $41,540,000​, and net income reached $9,000,000​, the​ c
Gekata [30.6K]

Answer:

33%

Explanation:

The gross profit percentage is also known as the gross margin which is the ratio of the gross profit to sales. it shows the amount of gross profit earned per $1 of revenue made.

The gross profit is the difference between the sales and the cost of goods sold.

Gross profit for 2016

= $62,000,000 - $41,540,000

= $20,460,000

Gross profit percentage

= $20,460,000 /$62,000,000

= 0.33

= 33%

3 0
3 years ago
Within the labor movement, the demise of the Knights of Labor led to a shift away from the broadly reformist past to more limite
natita [175]

The given statement is TRUE.

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The statements that describe the AFL :

Rather than facing business leaders head on, the AFL has committed itself to seeking fair working practices and higher wages for employers.

In the vocabulary of the corporate community of that period, the latest AFL policies were labeled "financial unionism."

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2 years ago
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