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serg [7]
3 years ago
7

Terrence contributed $15,000 to a foreign charitable organization. At the time of the contribution, the organization told him th

at his contribution was tax deductible for income tax purposes. Ignoring any income limitations, how much of the $15,000 contribution is deductible?a. $0.
b. $7,500.
c. $10,000.
d. $15,000.
Business
1 answer:
Alexxx [7]3 years ago
7 0

Answer:

B, $7,500

Explanation:

Deductible tax or tax deduction is the reduction or deduction that reduces an individuals tax liabilties by lowering his/her taxable income.

Deductible tax from charity contributions is up to 50% of the contributed amount for income tax purposes.

In the case of Terrence's contribution in the question, there is a clause that says to ignore income limitations.

We therfore take 50% of $15,000 which gives us $7,500 as the amount that is deductible from the contribution.

i.e; (50÷100) × $15.000

Cheers.

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Answer:

E.  software engineer

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<em>The job role that involves designing user interfaces to carry out difficult tasks would be software engineer.</em>

<u>A software engineer by definition refers to someone that applies engineering and computer science principle to develop workable software solutions for different problems.</u>

User interfaces generally represents a medium through which users and computer interact via the use of input devices and software.

The correct option is E.

3 0
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Chris Co. is considering replacing an old machine. The old machine was purchased for $100,000 and has a book value of $40,000 an
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The answer is letter A.

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3 years ago
Which of the following statements about trade is false?
MariettaO [177]

The statements about trade that is false is that with trade, one country wins and country loses. The appropriate response is option B.

<h3>What is trade?</h3>

The act of trading involves parties exchanging products and services for mutually beneficial ends. Trade helps people and nations to live better lives and improve their economic conditions.

Trade is crucial for maintaining a competitive global economy because it promotes innovation and supports the specialization of markets while also driving down international pricing for goods.

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7 0
1 year ago
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You are planning to open a new Italian restaurant in your hometown where there are three other Italian restaurants. You plan to
gtnhenbr [62]

Answer:

C) The demand curve facing each restaurant owner becomes more elastic.

Explanation:

Evidently, the competition increases when a new player enters the market. By entering the market with a new, specialized restaurant, the demand curve of each restaurant becomes more elastic. That is because consumers have more restaurants to compare the price, so they can go for the most convenient. When that happens, the demand is more sensitive to price change.

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3 years ago
You produce a glittering crystal substance, Dementia, which looks just like a diamond, but is much cheaper. It soon takes over 7
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Answer:

substitute goods

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Substitute goods -

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Hence , from the given scenario of the question ,

The correct answer is substitute goods .

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3 years ago
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