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Anton [14]
3 years ago
5

Which of the following factors is not used to determine whether an activity is a hobby or a business?A) the taxpayer's expertise

in the activityB) the taxpayer's financial statusC) the personal pleasure derived from the activityD) the success of the taxpayer in other dissimilar activities
Business
1 answer:
melisa1 [442]3 years ago
7 0

Answer: Option D    

 

Explanation: As per the tax laws, the activities in which the taxpayer has expertise in and he or she is getting some  kind of monetary benefit from performing it, then such activity will be seen as a business.

However, if the taxpayer do not repetitively perform an activity and derives no personal gain other than pleasure from performing such activity, then it will be a hobby.

Hence from the above we can conclude that the correct option is D.

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Answer:

$109,688.89

Explanation:

According to the scenario, computation of given data are as follows,

Formula for Net present value are as follows,

NPV = -Investment in fixed asset - Net working Capital + Operating cashflow × ( 1 - (1+r)^{-n}) ÷ r + Net working capital ×(1+r)^{-n}

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By putting the value, we get

NPV = -28,000 - 2,800 + 32,500 × ( 1 - (1+0.14)^{-7}) ÷ 0.14 + 2,800 × (1+0.14)^{-7}

By solving the above equation, we get

NPV = $109,688.89

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i would 75,345 is your answer

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_____ are any aspects of a good or service that a customer must believe in but cannot personally evaluate even after purchase an
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Credence Attributes

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